Quid Pro Quo?

The phrase means "something for something". For example, you do me a favor and I'll return the favor back to you.

Why is this a topic today? There are two reasons for this topic.

Reason 1: The Hypocrisy

First, the Obama administration has just granted a 2 Billion dollar ($2,000,000,000,000) loan to an oil company in Brazil. (We probably just printed it). The reason for this loan is so the oil company can drill offshore (in Brazil) for oil!

Remember back in July 2008 when Obama was running for office? He is on the record against offshore drilling because he claimed that it was unnecessary! Actually, he was trying to keep environmentalists happy. He stated on July 30, 2008 "We could save all the oil that they're talking about getting off drilling if everybody just inflated their tires?... and getting regular tune ups you could save just as much".

Now he has authorized loaning money to do what he was opposed to in 2008! Apparently, it's bad to do it in the US, but OK to do it in Brazil! Does this make ANY sense? Yes, because he's a hypocrite!

Now as President, Obama thinks its all right to drill offshore (in Brazil). That's not a consistent environmental position!! He flip flopped. Being elected President, he can "forget" his strong environmental stand a year ago.

Questions:
Wouldn't it be BETTER to drill offshore in our own waters where we could keep the oil for ourselves? Wouldn't that help our economy?

We would get revenue without lending billions of American dollars to foreign countries - especially when America is so SHORT of money! Drilling offshore here would also create new jobs for Americans and add to our oil production. This in turn, would make us less dependant on mid-eastern oil.

Sara Palin has this to say about it: "Buy American is a wonderful slogan, but you can't say in one breath that you want to strengthen our economy and stimulate it and then in another ship our much needed dollars to a nation desperate to drill while depriving us [United States] of the same opportunity".

Invalidation for Drilling
Obama logic is NOT buy American! The Obama "thinking" negates the logic he used to avoid offshore drilling in the United States. How can he justify this position and NOT drill in the USA? Maybe there another reason...

Reason 2: Time for a Payback?
The name of the Brazilian oil company who is getting the loan is Petrobras. It is the 7th most profitable oil producer in the world. They have $120 billion dollars in annual sales. They have a market value of $188 billion dollars. Why do they need a loan when they are making record profits selling oil? Let's have a deeper look.

The largest holdings in George Soros's hedge fund is in Petrobras. Soros owns $811 million dollars of Petrobras. See the connection here? Unfortunately the Petrobras stock has dropped in value and reduced Soros's stake by $235 million dollars. So what you ask?

George Soros donated millions to President Obama's political campaign. He also funds other left wing organizations like MoveOn.org and others.

Is this the big Quid Pro Quo or just a BIG coincidence? This may be the REAL reason for the loan.