Obama Administration to Finance Offshore Drilling “Gimmick” in Brazil!

Here’s a great example of hypocrisy and stupidity all in one place. In 2008, candidate Obama called offshore drilling a “gimmick”. Today, the American taxpayers, according to Wall Street Journal “is going to lend billions of dollars to Brazil’s state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil’s Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil’s planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.”