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See, I Told You So: Obama Regime Subsidizes Brazilian Oil Drilling

BEGIN TRANSCRIPT

RUSH: I got hold of Koko today, our webmaster. I said, "I've had it with this. I want you to go back to the website and I want you to find as many examples as you can of me talking about Obama supporting with money the Brazilian oil industry."

There's a post at National Review Online, and nothing against Mr. Hayward here, Steven Hayward, National Review Online: "Credit Where Credit Is Due." This is a post at NRO crediting the Washington Post. "The Post lead house editorial notes Obama’s incomprehensible remarks in Brazil supporting more offshore drilling there … while still opposing it here at home." Well, you people in this audience have known about this for two years. We have been telling you, I have been telling you about Obama's in bed, under the sheets relationship with Petrobras, George Soros, and Brazil, about the drilling. Koko found August 24th, 2009, about a year and a half ago. (paraphrasing) "Last week the regime announced $2 billion for Brazil to help them drill for oil. The company that's getting the money, the largest stakeholder, George Soros." So two things are happening here, we are handcuffing ourselves in terms of our own energy exploration and development and discovery and use. At the same time we're helping another country, in this case a Democrat contributor, Soros.

So once again George Soros, who would love to see this country on its hand and knees. Soros would love to see this country suffering. Soros doesn't need $2 billion from Obama. Pelosi doesn't need a government jet. She and her husband could buy four of them themselves. They don't need government jets. They just want you to pay for everything so they don't have to. Soros doesn't need $2 billion from us if he wants to explore for oil in Brazil. He's got his own $2 billion he could throw into it. But, no, we are gonna give $2 billion down there to a company in Brazil, the largest investor at the time Soros, a big Democrat contributor. We've been talking about this since August of 2009. We did a Morning Update on this. This has been a constant refrain and long before the moratorium on drilling in the Gulf of Mexico. At one time I think the number was actually ten billion that we were thinking of investing.

You might remember my talking about this because it was in conversations about not just helping Brazil, but the Mexicans keep drilling, the ChiComs are drilling in the Gulf of Mexico with the Cubans, the Vietnamese are getting involved. We've been talking about this for two years. We've known for the longest time here that Obama is anti- the US oil industry. Now all of a sudden the Washington Post comes out with an editorial calling Obama on all this, and a lot of other people, and it's not new, folks. This has been going on, well, at least since August 24th of 2009. We first talked about this way back then. Last week, maybe the week before, Obama went to Brazil and made it official, and so everybody's now having a cow over this. But this isn't new. It's been around for many, many moons.

So the aspect of the story that Obama is helping the Brazilians drill for oil, and he says he wants them to be able to drill for oil, he wants them to be able to be energy independent, but not implementing identical policies here. In fact, doing just the opposite, harming our own ability to be energy independent. But some people just learned about it last week when Obama went down there to speak about it. We've known about it for a year and a half, and as such, so have you.

BREAK TRANSCRIPT

RUSH: Back in 2009, ladies and gentlemen, the original reports were the US government was offering to provide up to $10 billion in loans to Brazil and Petrobras. Back in August of 2009 it was $10 billion in loans. It got scaled back to $2 billion, at least so far.

END TRANSCRIPT

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