He "loaned" the money in fact. Spouting another lie to distract from your other lies ain't going to work.
More lies - when will you folks begin at least to adhere to the truth?
[President Obama] signed an executive order to loan 2 Billion of our taxpayers dollars to a Brazilian Oil Exploration Company
This statement is false: President Obama signed no such executive order. On 14 April 2009, the Export-Import Bank of the United States (Ex-Im), an agency whose mission "is to assist in financing the export of U.S. goods and services to international markets," issued a preliminary approval for a $2 billion loan to Brazil's national oil company, Petroleo Brasileiro S.A. (Petrobras), to help fund offshore oil exploration and development.
The approval of the loan was an action undertaken not by officials who had been appointed by President Obama, but by his predecessor, President George W. Bush, as Ex-Im itself stated: The Bank's bipartisan Board unanimously approved the preliminary commitment to Petrobras on April 14, 2009, before any Obama appointees joined the Bank. In fact, at the time the Bank's Board consisted of three Republicans and two Democrats, all of whom were appointed by George W. Bush.
Despite the claim that the money committed to Petrobras is "taxpayer dollars," Ex-Im notes that "the vast majority of our financing consists of guarantees of loans made by commercial lenders," that "the bank is self-sustaining and does not receive any appropriated funds from Congress," and that "the Bank's activities do not cost the American taxpayer a dime."
Read more at http://www.snopes.com/politics/gasoline/braziloil.asp#6iAmqJpK2MrtCFzt.99
[President Obama] signed an executive order to loan 2 Billion of our taxpayers dollars to a Brazilian Oil Exploration Company
This statement is false: President Obama signed no such executive order. On 14 April 2009, the Export-Import Bank of the United States (Ex-Im), an agency whose mission "is to assist in financing the export of U.S. goods and services to international markets," issued a preliminary approval for a $2 billion loan to Brazil's national oil company, Petroleo Brasileiro S.A. (Petrobras), to help fund offshore oil exploration and development.
The approval of the loan was an action undertaken not by officials who had been appointed by President Obama, but by his predecessor, President George W. Bush, as Ex-Im itself stated: The Bank's bipartisan Board unanimously approved the preliminary commitment to Petrobras on April 14, 2009, before any Obama appointees joined the Bank. In fact, at the time the Bank's Board consisted of three Republicans and two Democrats, all of whom were appointed by George W. Bush.
Despite the claim that the money committed to Petrobras is "taxpayer dollars," Ex-Im notes that "the vast majority of our financing consists of guarantees of loans made by commercial lenders," that "the bank is self-sustaining and does not receive any appropriated funds from Congress," and that "the Bank's activities do not cost the American taxpayer a dime."
Read more at http://www.snopes.com/politics/gasoline/braziloil.asp#6iAmqJpK2MrtCFzt.99
[President Obama] signed an executive order to loan 2 Billion of our taxpayers dollars to a Brazilian Oil Exploration Company
This statement is false: President Obama signed no such executive order. On 14 April 2009, the Export-Import Bank of the United States (Ex-Im), an agency whose mission "is to assist in financing the export of U.S. goods and services to international markets," issued a preliminary approval for a $2 billion loan to Brazil's national oil company, Petroleo Brasileiro S.A. (Petrobras), to help fund offshore oil exploration and development.
The approval of the loan was an action undertaken not by officials who had been appointed by President Obama, but by his predecessor, President George W. Bush, as Ex-Im itself stated: The Bank's bipartisan Board unanimously approved the preliminary commitment to Petrobras on April 14, 2009, before any Obama appointees joined the Bank. In fact, at the time the Bank's Board consisted of three Republicans and two Democrats, all of whom were appointed by George W. Bush.
Despite the claim that the money committed to Petrobras is "taxpayer dollars," Ex-Im notes that "the vast majority of our financing consists of guarantees of loans made by commercial lenders," that "the bank is self-sustaining and does not receive any appropriated funds from Congress," and that "the Bank's activities do not cost the American taxpayer a dime."
Read more at http://www.snopes.com/politics/gasoline/braziloil.asp#sTwFDuExXH5XkDel.99
This statement is false: President Obama signed no such executive order. On 14 April 2009, the Export-Import Bank of the United States (Ex-Im), an agency whose mission "is to assist in financing the export of U.S. goods and services to international markets," issued a preliminary approval for a $2 billion loan to Brazil's national oil company, Petroleo Brasileiro S.A. (Petrobras), to help fund offshore oil exploration and development.
The approval of the loan was an action undertaken not by officials who had been appointed by President Obama, but by his predecessor, President George W. Bush, as Ex-Im itself stated: The Bank's bipartisan Board unanimously approved the preliminary commitment to Petrobras on April 14, 2009, before any Obama appointees joined the Bank. In fact, at the time the Bank's Board consisted of three Republicans and two Democrats, all of whom were appointed by George W. Bush.
Despite the claim that the money committed to Petrobras is "taxpayer dollars," Ex-Im notes that "the vast majority of our financing consists of guarantees of loans made by commercial lenders," that "the bank is self-sustaining and does not receive any appropriated funds from Congress," and that "the Bank's activities do not cost the American taxpayer a dime."
Read more at
http://www.snopes.com/politics/gasoline/braziloil.asp#sTwFDuExXH5XkDel.99