Thursday, June 24, 2010

'Tis Better For Dan Burton To Shut His Mouth and Let Us Wonder Whether He Is A Moron (Instead Of Opening His Mouth and Eliminating All Doubt)

Reps. Dan Burton (R-Ind) questioned whether George Soros, who backs a number of liberal causes and Democratic candidates for office, had invested in a Brazilian oil company, Petrobras, with the knowledge that President Barack Obama might temporarily ban deepwater drilling in the Gulf of Mexico (and thus benefiting deepwater drilling by Petrobras in Brazil).

“We don’t need to be spending Mr. Soros’s money in Brazil, so he can make more money by doing offshore drilling with our taxpayer’s money,” Burton said.  Burton’s implication was that Soros, an investor with Petrobras and a major Obama campaign donor, profited from a loan made by the U.S. Export-Import bank to Petrobras.

Problem #1: Bush appointees at the independent Export-Import Bank approved the loan by a vote of 5-0, not President Obama;

Problem #2: George Soros upped his investment in PetroBras in late 2008, some months before the bank made its preliminary commitment to the company-- even before Obama was elected to the Presidency, for that matter.

So where did Burton get these nutty ideas?  He copied them from Glenn Beck's show on Monday-- another fucking idiot (as if we needed yet another one).

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