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American Tax $$ Used to Provide Oil for China!!

Updated on July 20, 2010
American citizen has nothing left to give!
American citizen has nothing left to give!


On July 15, 2010, even though President Obama declares he is against off shore drilling for our country, he signed an executive order to loan $2 Billion of our taxpayer’s dollars to a Brazilian Oil Exploration Company, known as  Petrobas. This is the 8th largest company in the entire world. The $2 billion is to finance this foreign company while it is drilling for oil off the coast of Brazil! Any oil that comes from this operation is for the sole purpose and use of China and NOT the USA! The Company has provided the Chinese government with an exclusive contract to purchase all the oil that this field will produce. It is expected to produce several hundred million barrels of oil. We Americas have absolutely nothing to gain from this transaction whatsoever!

But Wait, this is about to get even more interesting.

Guess who the largest individual stockholder of this Brazilian Oil Company is? And guess who will benefit the most from this use of our tax dollars? It is Obama friend and supporter, American BILLIONAIRE, George Soros, who, by the way, was one of President Obama's most generous financial supporters during his presidential campaign. He founded the group,, which gave 88 million dollars to Obama's glitzy campaign. Even though Mr. Soro’s only personally gave $4400 that was actually in his own name to the Obama campaign, He was able to provide much more excessive funding to Obama’s presidential bid through, the propaganda arm of the Socialist party, which is funded by the Hungarian-born American financial speculator, stock investor and political activist who is also a mega-billionaire.

George Soros is one of the most powerful men on earth. A New York hedge fund manager, he has amassed a personal fortune estimated at about $7.2 billion. His management company controls billions more in investor assets. Mr. Soro’s foundation network – whose flagship organization is the Open Society Institute (OSI) — has dispensed billion’s of dollars to a multitude of organizations whose objectives are consistent with those of Soros. Some of those objectives are;

1.      Promoting the view that America is institutionally an oppressive nation

2.      Promoting a dramatic expansion of social welfare programs funded by ever-escalating taxes.

3.      Bringing American foreign policy under the control of the United Nations.

4.      Promoting open borders, mass immigration, and a watering down of current immigration laws.

5.      Promoting social welfare benefits and amnesty for illegal aliens.

6.      Defending suspected anti-American terrorists and their organizations.

7.      Advocating America’s unilateral disarmament and/or a steep reduction in its military spending.

8.      promoting radical environmentalism

9.      One Global Government

On August 15, 2009, Soros made an 811 million dollar investment in purchasing the controlling stock in Petrobas, the same oil company that will receive the 2 billion tax dollars from the United States. Now why would Obama even consider giving our tax dollars to a foreign company and an individual who is obviously not in need of our finances when our individual citizens and our own American companies are struggling to survive?

If you are able to connect the dots and follow the money, you can probably figure out what the hell is going on here. Even though our country has the largest deficit in the history of the nation and we the people are losing our jobs and our homes, the American taxpayers are once again being fleeced to pay off political debt for an unscrupulous politician.

Should politicians be able to use tax dollars to pay off their political supporters?

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    • jjmyles profile image

      jjmyles 7 years ago from Pacific Northwest

      Hopefully alot of the insanity will end with the November elections.

    • Springboard profile image

      Springboard 7 years ago from Wisconsin

      It just gets worse and worse. Where does it end?

    • jjmyles profile image

      jjmyles 7 years ago from Pacific Northwest

      Maybe Joe Blow thinks Obama giving tax dollars to his BILLIONAIRE buddy is good for America too. I mean come on now,the taxpayers should be happy to pay off Obama's Political debts for him. After all He is OBAMA! (sarcasm intended)

    • American Romance profile image

      American Romance 7 years ago from America

      Joe Blow is an obvious liberal fanatic! Hey Joe does it really sound good since were close to 10% unemployment? Yea let us give away more jobs and money to someone other than US! I guess drilling for oil is Ok to you as long as Americans are not able to benifit from it? get a life!

    • profile image

      Joe blow 7 years ago

      So, essentially the US is loaning money to China. Sounds better than the other way around.