2 billion for brazil?

[prospector]

just heard the good old U.S.A is loaning 2 billion to help Brazil drill for oil..
more jobs going overseas when they could be here..
why doesn't that moron in the white house want to be energy sufficient?
we have oil, coal and natural gas reserves we aren't tapping..yet we continue to send money and jobs overseas..:bang:

[ArlJim78]

Drill Brazil, Drill!

then he goes to Chile and praises their economic reforms, non of which he is in favor of here.

the man is not right in the head.

[mostpost]

just heard the good old U.S.A is loaning 2 billion to help Brazil drill for oil..
more jobs going overseas when they could be here..
why doesn't that moron in the white house want to be energy sufficient?
we have oil, coal and natural gas reserves we aren't tapping..yet we continue to send money and jobs overseas..:bang:

This whole thing was discussed months ago. Don't you guys have any memory at all? A quick review for the terminally fogbound.
1. Obama had nothing to do with this.
2. The U.S Export-Import bank is the agency loaning the money.
3. The key word is loaning.
4. The money is loaned under the condition it be used to buy
products or services from American companies.
5. This benefits the U.S. because:
A. It provides a market for our products.
B. We make money on the loan interest and repayment.
C. it helps other countries which makes them stronger
trading partners.

[FantasticDan]

Mosty, you are Secretariat in a full field of Zippy Chippys ;) :D :ThmbUp:

[mostpost]

Drill Brazil, Drill!

then he goes to Chile and praises their economic reforms, non of which he is in favor of here.

the man is not right in the head.
I'll bet you that you read somewhere that Gen. Pinochet enacted a lot of free market reforms and that was the cause of Chile's economic success. Nice try.
Naomi Klein wrote a book called "The Shock Doctrine." Much of what I quote here is found on pages 96 to 106 of that book. I hope Ms. Klein will forgive me for a lack of more formal footnotes.
Pinochet took power in September of 1973. He overthrew a legally elected government to do so. Taking advantage of this were disciples of Milton Friedman known as the Chicago Boys. The Chicago Boys believed in absolute free markets, in open trade, in the elimination of all social programs and in outlawing trade unions. Just like you guys.

The Chicago Boys persuaded Pinochet that their medicine was the perfect prescription for Chile's economic ills. Pinochet privatized most of Chile's state run industries. He allowed cutting edge forms of speculative finance. He cut government spending by ten percent. He eliminated price controls.

The result of these actions? Inflation soared to 375%. Foreign companies, freed from tariffs, flooded the market with cheap goods. Unable to compete, local businesses shut down. Unemployment reached the highest levels in Chilean history.

Of course it wasn't all bad. The wealthiest Chileans saw their wealth almost double. The equality gap between the richest and the poorest became one of the largest in the world.

Faced with overwhelming evidence that their theories were a disaster, the Chicago Boys did what any sensible person would do. They decided they had not gone far enough.

Pinochet enacted even more drastic reforms. He cut public spending by 27%. Privatized Social Security. Removed even more trade barriers. Privatized more than 500 more state run companies.

How well did this work? Hyper inflation continued unabated, Unemployment reached 20%. It would eventually go as high as 30%.

In 1982 the Chilean economy collapsed. The national debt exploded. Hyper inflation returned with a vengeance. Unemployment soared. (the 30% I referred to earlier.)

What caused this collapse. The same thing that caused our problems here in the last decade. Unregulated speculators bought up the country's assets on borrowed money, running up a debt of $14B in the process. Many of those speculators were the Chicago Boys themselves.

To combat this Pinochet finally stepped away from Friedmanomics and renationalized many industries. It was only then that Chile's economy began to stabilize and grow. The free market experiment was a disaster. It was only when Chile went to a more managed economy including private industry, some appropriate government companies and proper regulation that Chile's economy flourished. That was the economic miracle Obama was praising.

Note that while giving this little history lesson, I have made no mention of the brutality of the Pinochet dictatorship. I've said nothing about the people who were killed and their bodies left by the side of the road. I haven't talked about the trade unionists who were imprisoned and tortured. I made no mention of those who disappeared never to be seen again. All these things happened. The Chicago Boys objected to none of them. In fact Milton Friedman, when asked if the social cost of his policies would be excessive, replied "Silly Question." His economic theories were his God; the lives of little people were of no concern.

[mostpost]

Mosty, you are Secretariat in a full field of Zippy Chippys ;) :D :ThmbUp:
Thank you.
More like Forego. Not the best, but better than (most of) the rest. :lol: :lol:

[bigmack]

Thank you.
More like Forego. Not the best, but better than (most of) the rest. :lol: :lol:
After you get through licking yourself calm down and note that prospector (an elderly fellow) merely wants to know why we can't explore our own oil and natural resources here.

I wouldn't get wood too fast, a pat on the back from FanDan is like getting French kissed by Ron Jeremy.

http://www.krstarica.com/slike/magazin/muskarac/ron%20jeremy.jpg

[johnhannibalsmith]

...I wouldn't get wood too fast, a pat on the back from FanDan is like getting French kissed by Ron Jeremy.

...

Plus, he's moving in on Nj Stink's territory. I'd hate to see a catfight break out over Mosite. :lol:

[ArlJim78]

I'll bet you that you read somewhere that Gen. Pinochet enacted a lot of free market reforms and that was the cause of Chile's economic success. Nice try.
Naomi Klein wrote a book called "The Shock Doctrine." Much of what I quote here is found on pages 96 to 106 of that book. I hope Ms. Klein will forgive me for a lack of more formal footnotes.
Pinochet took power in September of 1973. He overthrew a legally elected government to do so. Taking advantage of this were disciples of Milton Friedman known as the Chicago Boys. The Chicago Boys believed in absolute free markets, in open trade, in the elimination of all social programs and in outlawing trade unions. Just like you guys.

The Chicago Boys persuaded Pinochet that their medicine was the perfect prescription for Chile's economic ills. Pinochet privatized most of Chile's state run industries. He allowed cutting edge forms of speculative finance. He cut government spending by ten percent. He eliminated price controls.

The result of these actions? Inflation soared to 375%. Foreign companies, freed from tariffs, flooded the market with cheap goods. Unable to compete, local businesses shut down. Unemployment reached the highest levels in Chilean history.

Of course it wasn't all bad. The wealthiest Chileans saw their wealth almost double. The equality gap between the richest and the poorest became one of the largest in the world.

Faced with overwhelming evidence that their theories were a disaster, the Chicago Boys did what any sensible person would do. They decided they had not gone far enough.

Pinochet enacted even more drastic reforms. He cut public spending by 27%. Privatized Social Security. Removed even more trade barriers. Privatized more than 500 more state run companies.

How well did this work? Hyper inflation continued unabated, Unemployment reached 20%. It would eventually go as high as 30%.

In 1982 the Chilean economy collapsed. The national debt exploded. Hyper inflation returned with a vengeance. Unemployment soared. (the 30% I referred to earlier.)

What caused this collapse. The same thing that caused our problems here in the last decade. Unregulated speculators bought up the country's assets on borrowed money, running up a debt of $14B in the process. Many of those speculators were the Chicago Boys themselves.

To combat this Pinochet finally stepped away from Friedmanomics and renationalized many industries. It was only then that Chile's economy began to stabilize and grow. The free market experiment was a disaster. It was only when Chile went to a more managed economy including private industry, some appropriate government companies and proper regulation that Chile's economy flourished. That was the economic miracle Obama was praising.

Note that while giving this little history lesson, I have made no mention of the brutality of the Pinochet dictatorship. I've said nothing about the people who were killed and their bodies left by the side of the road. I haven't talked about the trade unionists who were imprisoned and tortured. I made no mention of those who disappeared never to be seen again. All these things happened. The Chicago Boys objected to none of them. In fact Milton Friedman, when asked if the social cost of his policies would be excessive, replied "Silly Question." His economic theories were his God; the lives of little people were of no concern.
as usual you show yourself to be woefully ignorant of what goes on in the world, clinging to your belief in communism and unions while ignoring real success. Pinochet served decades ago, yet for you he is still the only relevant history about Chile. their success has nothing to do with moving away from freemarket principles or nationalizing businesses. just the opposite in fact.

On this one Obumbles actually had it right.

"The Chilean experience, and more particularly its successful democratic transition and sustained economic growth, is a model for the region and the world. ... It is also a powerful example of how the opportunities of today can and must be seized."

Barack Hussien Obama
3/21/2011

free markets, privatization, free trade, sound fiscal policy, in other words the opposite of what we do here in America.

[mostpost]

After you get through licking yourself calm down and note that prospector (an elderly fellow) merely wants to know why we can't explore our own oil and natural resources here.

I wouldn't get wood too fast, a pat on the back from FanDan is like getting French kissed by Ron Jeremy.

http://www.krstarica.com/slike/magazin/muskarac/ron%20jeremy.jpg

Fair enough, but note that the money loaned by the E-I bank can not be used domestically.

I do not recall Prospector's age, but I doubt if he is that much older than me.

If you are going to post photos of aging porn stars, might I suggest Lisa DeLeeuw or Rene Bond. Not that I have any idea who they are. :rolleyes:

[bigmack]

If you are going to post photos of aging porn stars, might I suggest Lisa DeLeeuw or Rene Bond. Not that I have any idea who they are. :rolleyes:
You are aging yourself. Dig, Lisa De Leeuw is from Moline. :lol:

Rene Bond was from SanD. God rest her pornographic soul. Died in '96.

WkfXFLmVRrk

[NJ Stinks]

Plus, he's moving in on Nj Stink's territory. I'd hate to see a catfight break out over Mosite. :lol:

:D :D :D


Dan and I should have been baseball scouts. :p

[newtothegame]

:D :D :D


Dan and I should have been baseball scouts. :p

Considering the earlier referrence to Ron Jeremy....and now your post above....I have but ONE question....
Do you prefer pitching or catching??? Sorry had to go there lol

[bigmack]

Considering the earlier referrence to Ron Jeremy....and now your post above....I have but ONE question....
Do you prefer pitching or catching??? Sorry had to go there lol
:lol: :lol:

I love me some Cajun humor. :ThmbUp:

[prospector]

Fair enough, but note that the money loaned by the E-I bank can not be used domestically.

I do not recall Prospector's age, but I doubt if he is that much older than me.

If you are going to post photos of aging porn stars, might I suggest Lisa DeLeeuw or Rene Bond. Not that I have any idea who they are. :rolleyes:
67 and who you calling elderly...
bigmack is right..i still want to know why we can't explore our own oil and natural resources here...

[mostpost]

67 and who you calling elderly...
bigmack is right..i still want to know why we can't explore our own oil and natural resources here...

I was not the one who called you elderly. It was the evil Bigmack.
I'm two years older than you. Which means I'm two years better, two years smarter, two years handsomer, two years sexier, two years more full of it. :lol: :lol:

[prospector]

I was not the one who called you elderly. It was the evil Bigmack.
I'm two years older than you. Which means I'm two years better, two years smarter, two years handsomer, two years sexier, two years more full of it. :lol: :lol:
i'll give you the full of it...but, handsomer? sexier? never..
ever since the girls at the casino found out i'm a widower, i feel like a pork chop sometimes when i go there..they'll never get me..
too old to care about the smarter..