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WE ARE BROKE YOU FOOL! Obama promises one billion and 50M tons of wheat To Middle East
Red White and Blue News ^ | 5/19/2011 | CAROL E. LEE And JAY SOLOMON

Posted on 05/19/2011 5:46:47 AM PDT by IbJensen

WASHINGTON—President Barack Obama will announce this week a new aid plan for the Middle East and North Africa that U.S. officials say will be far bolder than previous American economic assistance to the region.

Mr. Obama will outline the plan, which could include debt cancellation and a reprogramming of financial aid the U.S. already provides to countries like Egypt, in a speech he is scheduled to deliver Thursday at the State Department.

Whatever aid he announces, though, is unlikely to assuage Arab governments, which had been hoping the White House would push forcibly for a resumption of Palestinian-Israeli peace talks. The president’s aides say his speech will focus only briefly on the issue.

“At the end of the day, the Palestinian cause remains a dominant issue,” said a senior Arab official. “A speech by the president without addressing the conflict is unlikely to generate much enthusiasm.”

Mr. Obama met Tuesday with King Abdullah II of Jordan, who has been pressing U.S. officials to take a more aggressive role in the peace process, according to Arab diplomats.

After the meeting, Mr. Obama said the U.S. will provide Jordan with hundreds of millions of dollars through the Overseas Private Investment Corporation, the government institution that finances and insures private business to promote economic growth. The result, according to the U.S., will be roughly $1 billion for economic activity in Jordan. The president also pledged 50,000 metric tons of wheat.

“All of this will help to stabilize the cost of living and day-to-day situation of Jordanians and will provide a foundation so that these economic reforms can move forward and long-term development can take place,” Mr. Obama said.

The president’s goal, officials said, is to give a financial boost to the political change sweeping the Mideast and North Africa, where dashed economic aspirations have fed unrest.

Senior U.S. officials are particularly alarmed by the deterioration in Cairo’s finances since the street revolt that ousted President Hosni Mubarak in February. The Egyptian government has been forced to spend between $3 billion and $3.5 billion of its foreign-exchange reserves a month to pay for food and other commodities as tourism has plunged and overseas remittances have dried up.

Egypt’s government has been seeking relief on around $1 billion in debts tied to wheat purchases in the 1970s, according to officials involved in the talks. Cairo has paid off the principal on these loans, but continues to service interest payments.

The administration is looking at a mixture of direct aid, debt relief, and export credits to help stabilize Egypt’s finances. “There are a whole range of tools we could use,” said a U.S. official. “We’ve been looking for the right mix.”


TOPICS: Business/Economy; Constitution/Conservatism; Crime/Corruption; Foreign Affairs
KEYWORDS: evilobamaregime
We are indeed broke, yet this imbecilic, narcissistic, socialist, muslim sympathizer continues to give away money borrowed from China.
1 posted on 05/19/2011 5:46:49 AM PDT by IbJensen
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To: IbJensen

Wouldn’t he have to get this “past” the House? There’s where the pressure should be placed.


2 posted on 05/19/2011 5:48:50 AM PDT by ThePatriotsFlag (You are just jealous because the voices aren't talking to YOU!)
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To: IbJensen

Great now were going to feed and pay our enemies. I can’t wait until we get rid of this traitor.


3 posted on 05/19/2011 5:50:33 AM PDT by glaseatr (Father of a Marine, Uncle of SGT Adam Estep. A Co. 2/5 Cav. KIA Thurs April 29, 2004 Baghdad Iraq)
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To: IbJensen
How about some good gold Yankee horse trading.

Say... wheat for oil?

What the f&^% is wrong with using your head in these matters?

4 posted on 05/19/2011 5:51:40 AM PDT by SMARTY (Conforming to non-conformity is conforming just the same.)
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To: IbJensen

When I first read this, I actually thought it was from the Onion...

You can’t make this stuff up!


5 posted on 05/19/2011 5:52:20 AM PDT by TSgt ("Some folks just need killin'" - Sling Blade (2006))
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To: IbJensen

Oh yeah, obama’s imbeciles like Ayers Sunstein et al, broke Egypt, now they think they can “fix” it by offering the right mix of carrots (the sticks are for Israel)

the arabs dont want our food or even our money, they want to exterminate Israel and kill Jews first...Christians and other indfidels come later... and they want us to let them do it or better yet, help them do it and convert to islam in the process. Then they will “love” us


6 posted on 05/19/2011 5:52:27 AM PDT by silverleaf (All that is necessary for evil to succeed, is that good men do nothing)
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To: ThePatriotsFlag
The new Middle East is under Radical Leadership now. ( as we saw in Pakistan the money we gave them was used to build a nuclear facility.)

As pointed out by a former CIA agent, we have lost our Terrorist information from Egypt, Libya and others who now don't trust the US including Saudi Arabia, Kuwait.

We are going to have a major terrorist attack because of these actions.

7 posted on 05/19/2011 5:54:51 AM PDT by scooby321
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To: IbJensen
make it revenue neutral...
Take the money from the “food stampers”

http://www.ssa.gov/pubs/10101.html

8 posted on 05/19/2011 5:55:14 AM PDT by M-cubed
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To: IbJensen

“... as tourism has plunged “

Well what did they expect after killing Christians? Now you know why nobody wants to go there anymore.


9 posted on 05/19/2011 5:56:13 AM PDT by Flavious_Maximus
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To: silverleaf

Didn’t nobama, the WTF president say some time ago “There is no more money”? This America-hating buffoon needs to go.


10 posted on 05/19/2011 5:56:21 AM PDT by hal ogen (1st amendment or reeducation camp?)
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To: silverleaf

Didn’t nobama, the WTF president, say some time ago “There is no more money”? This America-hating buffoon needs to go.


11 posted on 05/19/2011 5:56:32 AM PDT by hal ogen (1st amendment or reeducation camp?)
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To: IbJensen

12 posted on 05/19/2011 5:56:55 AM PDT by Diogenesis ( Vi veri veniversum vivus vici)
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To: IbJensen

Not going to be good for the Arab farmers. They can’t compete with free wheat provided by the Americans. Of course we’re not surprised by this since our President is a socialist.


13 posted on 05/19/2011 5:57:14 AM PDT by MinorityRepublican
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To: IbJensen

Besides the fact that we’re broke, let the oil rich middle east take care of its own. We should instead offer them the new “bushel for a barrel” deal on grains.


14 posted on 05/19/2011 5:57:35 AM PDT by liberalh8ter
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To: IbJensen

He spent all our money and then he flooded our wheat fields, what a tool!

I can’t wait for 11-2012!

I just wish the GOP stable had better thoroughbreds.


15 posted on 05/19/2011 5:57:55 AM PDT by alice_in_bubbaland (DeMint/Ryan 2012!!!!!)
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To: IbJensen
50 Tons of wheat? You mean wheat from Iowa, and Nebraska, and Illinois, and Kansas, and the Dakotas?

That decision is made 18 months before the 2012 elections? What a coincidence!

16 posted on 05/19/2011 5:58:58 AM PDT by TexasNative2000 (Uncertainty: it's the new normal)
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To: TexasNative2000

Just give the Palis Sinai and let the EU build it for them with Chinese money. In exchange the Palis will disarm and 25% of their land has to be used for agriculture.

Build a couple of desalinization facilities in the gulf, and go all green.

Then when all the Palis leave gaza, level the place and salt the earth.


17 posted on 05/19/2011 6:06:18 AM PDT by EQAndyBuzz (Who is John Galt?)
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To: alice_in_bubbaland

Ain’t that the truth! Republicans are running around like cats in a t-storm! What a sham. Fed up with being spoon fed candidates “approved” by the RNC. They can go pound sand.


18 posted on 05/19/2011 6:06:31 AM PDT by donozark ("Tonight I can report that Vietnamization has succeeded." Richard Nixon 1971)
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To: TexasNative2000
I'm assuming free wheat to Paki will result in higher wheat costs in the USA.

WHY is our President doing this???

19 posted on 05/19/2011 6:07:05 AM PDT by not2worry (WHAT GOES AROUND COMES AROUND)
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To: MinorityRepublican
Not going to be good for the Arab farmers. They can’t compete with free wheat provided by the Americans. Of course we’re not surprised by this since our President is a socialist.

Now hold on just one minute! You mean to tell me there are "Arab farmers?" I've heard of dirt-farmers but not "sand-farmers."

20 posted on 05/19/2011 6:07:57 AM PDT by subterfuge (BUILD MORE NUCLEAR POWER PLANTS NOW!!!)
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To: glaseatr

‘Great now were going to feed and pay our enemies”

At least we aren’t buying them weapons, oh wait we already did that.


21 posted on 05/19/2011 6:09:48 AM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: IbJensen
“will provide a foundation so that these economic reforms can move forward and long-term development can take place,”

Because Welfare payments to the unemployable USUALLY lead to economic reforms and long term development..... right?

No, it just rewards their economic incompetence and takes away any and all impetus to change anything for the better?

Oh.

22 posted on 05/19/2011 6:10:33 AM PDT by allmendream (Tea Party did not send the GOP to D.C. to negotiate the terms of our surrender to socialism.)
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To: IbJensen
Mr. Obama met Tuesday with King Abdullah II of Jordan who has been pressing U.S. officials to take a more aggressive role in the peace process, according to Arab diplomats.

King Abdullah is US educated and probably the most moderate and modern leaders in the ME.

I am sure he told this pinhead (Obama) to solve this Palestinian mess because those Palestinian pigs and monkeys aren't coming over my border in mass when Israel finally throws them out.

We tossed Arafat and his PLO goons in 1970 and they aren't coming back.

23 posted on 05/19/2011 6:13:44 AM PDT by Popman (Obama. First Marxist to turn a five year Marxist plan into a 4 year administration.)
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To: sneakers

bump


24 posted on 05/19/2011 6:14:09 AM PDT by sneakers ("Obama is like the dog that chased a car and caught it. Now he doesn't know what to do with it.")
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To: IbJensen
"Cornel West, a Princeton University professor and leading black intellectual, is harshly criticizing President Obama, a candidate he once supported but now calls “a black mascot of Wall Street oligarchs and a black puppet of corporate plutocrats.”

Peter Fonda called ZERO a traitor.
Now tell me again how he is a shoe in for re-election.
I say again 10% approval if that much. . . . .

25 posted on 05/19/2011 6:24:39 AM PDT by DeaconRed (Everything is broken-While ZERO fiddles.)
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To: IbJensen

We need to stop this commie asshole!


26 posted on 05/19/2011 6:25:26 AM PDT by Doc Savage ("I've shot people I like a lot more,...for a lot less!" Raylan Givins)
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To: IbJensen
"We are indeed broke, yet this imbecilic, narcissistic, socialist, muslim sympathizer continues to give away money borrowed from China."

Tell us how you really feel! lol

What I don't understand is Congress is supposed to hold the purse strings. How is it that the Executive branch can commit billions of dollars???

27 posted on 05/19/2011 6:30:37 AM PDT by PreciousLiberty
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To: IbJensen
This reminds me of the late Sam Kinnison....MOVE!!! YOU LIVE in a ****ing desert!
28 posted on 05/19/2011 6:35:13 AM PDT by MadelineZapeezda (And he's not only merely dead, he's really most sincerely dead!!!)
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To: TexasNative2000

500 Million tons not 50 tons.


29 posted on 05/19/2011 6:35:53 AM PDT by Sybeck1 (Releasing the photos is a "GUTSY CALL"............)
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To: ThePatriotsFlag
Wouldn’t he have to get this “past” the House?

I wondered that myself - I'm a little weak in foreign aid implementation; whether it requires congressional approval or if it's a grab bag the president wields alone.

I also note that no one has answered your question.

30 posted on 05/19/2011 6:43:51 AM PDT by grobdriver (Proud Member, Party Of No! No Socialism - No Fascism - Nobama - No Way!)
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To: MinorityRepublican
>>>Not going to be good for the Arab farmers. They can’t compete with free wheat provided by the Americans.

They farmers will be fine. This is being done to support arab governements that are subsidizing wheat imports to avoid riots. Tunisians eat more wheat than anyone on the planet: 478 pounds per person a year, compared to 177 pounds in the U.S. Egyptians and Algerians also eat more than twice as much wheat as Americans. Unable to grow enough wheat at home, countries like Egypt and Tunisia buy half or more of what they need from other countries, and pass it along at deep discounts to their impoverished populations.

Mideast Staggered by Cost of Wheat - http://online.wsj.com/article/SB10001424052748703421204576331693737329236.html?KEYWORDS=middle+east
31 posted on 05/19/2011 6:46:18 AM PDT by NC28203
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To: IbJensen

Wonderful, now Arab farmers can use their crop to produce ethanol.


32 posted on 05/19/2011 6:47:16 AM PDT by traderrob6
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To: silverleaf

We have to pay for the 2 million Egyptians,who are out of
work because their tourist industry has been destroyed.


33 posted on 05/19/2011 6:55:15 AM PDT by Dr. Ursus
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To: SMARTY

Neither one of those countries export oil in any meaningful amount that I am aware of.


34 posted on 05/19/2011 6:56:03 AM PDT by bill1952 (Choice is an illusion created between those with power - and those without)
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To: IbJensen

What do you expect? A muslim looting the US to support muslims in the ME — how strange is that? I’ll bet that none goes to non-muslim countries in the ME, such as Israel.


35 posted on 05/19/2011 7:47:26 AM PDT by expatpat
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To: Voter#537

>Now tell me again how he is a shoe in for re-election.

I will.
Stop reading the propaganda about “approval.”
The donks have NY locked, California locked , most of the NW locked, most of the NE locked excluding possibly Maine & another 2 -3 EV from that area.
The midwest will split, we may get Mn, & the SW will flip a couple of states our way.
The SE is GOP, the mid south will again split.

Now that leaves 3 states with a huge EV left - Ohio, Pennsylvania, & Florida.

The candidate who takes 2 of those 3 states is our next president with 271 EV.
Obama will no way take Florida even though the MSM will continue to call it a tossup till the final second. - O will lose Florida big.

We will fight tooth & nail in Pa, and probably lose it.

That leaves Ohio and that state is going to be one battle scarred wasteland after all of the billions are spent there.
Obama is amassing a HUGE war chest & we are going to be outspent.

Run the numbers - Your call...


36 posted on 05/19/2011 7:58:06 AM PDT by bill1952 (Choice is an illusion created between those with power - and those without)
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To: grobdriver
Wouldn’t he have to get this “past” the House?

I wondered that myself - I'm a little weak in foreign aid implementation; whether it requires congressional approval or if it's a grab bag the president wields alone.

I also note that no one has answered your question.

My question is how are they still spending this kind of money if the debt limit has not been raised? Did they tap into their TARP slush fund or are they just ignoring congress entirely. And if it is the latter isn't there some sort of mechanism to restrain it?

perhaps the I word should be shouted rather than whispered in the house

37 posted on 05/19/2011 8:00:10 AM PDT by Cowman (How can the IRS seize property without a warrant if the 4th amendment still stands?)
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To: PreciousLiberty

When are we getting rid of 80% of the cabinet commissars and the agencies they head?

Education, EPA will do for starters, but first we need a leader who is indeed from the far-right wing!


38 posted on 05/19/2011 8:11:46 AM PDT by IbJensen (I couldn’t afford to fill my gas tank to go to the Dead Bin Laden Celebration!)
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To: Doc Savage

I don’t think you particularly like the current occupant of the White Hut.

You’re just an Obama hater who probably dislikes Moochell and little Malia and Sasha.

I forget the damned dog’s name.


39 posted on 05/19/2011 8:15:31 AM PDT by IbJensen (I couldn’t afford to fill my gas tank to go to the Dead Bin Laden Celebration!)
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To: IbJensen
According to the State Department, U.S. military aid to Egypt totals over $1.3 billion annually in a stream of funding known as Foreign Military Financing.

U.S. officials have long argued that the funding promotes strong ties between the two countries’ militaries, which in turn has all sorts of benefits. For example, U.S. Navy warships get “expedited processing” through the Suez Canal.

Here’s a 2009 U.S. embassy cable recently released by WikiLeaks that makes essentially the same point:

President Mubarak and military leaders view our military assistance program as the cornerstone of our mil-mil relationship and consider the USD 1.3 billion in annual FMF as “untouchable compensation” for making and maintaining peace with Israel.
The tangible benefits to our mil-mil relationship are clear: Egypt remains at peace with Israel, and the U.S. military enjoys priority access to the Suez Canal and Egyptian airspace.

The military funding also enables Egypt to purchase U.S.-manufactured military goods and services, a 2006 report from the Government Accountability Office explained.
The report criticized both the State Department and the Defense Department for failing to measure how the funding actually contributes to U.S. goals.

Does this aid require Egypt to meet any specific conditions regarding human rights?

No. Defense Secretary Gates stated in 2009 that foreign military financing “should be without conditions.”

Gates prefaced that comment by saying that the Obama administration, like other U.S. administrations, is “always supportive of human rights.”

The administration of former president George W.
Bush had threatened to link military assistance to Egypt’s human rights progress, but it didn’t follow through.
When exiled Egyptian dissident, Saad Eddin Ibrahim, called on the U.S. government to attach conditions to aid to Egypt, U.S. officials dismissed the idea as unrealistic.

40 posted on 05/19/2011 8:15:50 AM PDT by bill1952 (Choice is an illusion created between those with power - and those without)
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To: IbJensen
"I forget the damned dog’s name."

How could you forget?!? It's named "Bo", which of course is in honor of Barack Obama.

C'mon, of COURSE everyone names their dog in honor of themselves, right?

(Just more evidence of the intense narcissism of 0bama.)

41 posted on 05/19/2011 8:19:20 AM PDT by PreciousLiberty
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To: IbJensen

Didn’t George Soros just buy the 3rd largest wheat/corn supplier in the US?


42 posted on 05/19/2011 8:20:36 AM PDT by w4women ("All great change begins at the dinner table". Ronald Reagan)
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To: IbJensen

Isn’t this just a way to implement the ‘World Poverty Act of 2007’ Obama submitted while he was in the Senate?

The legislation wasn’t passed, so he can simply implement it by executive policy.

http://www.govtrack.us/congress/bill.xpd?bill=s110-2433


43 posted on 05/19/2011 8:28:00 AM PDT by Walleye_Walter (Not all Libs are stupid, but all stupid people are Libs)
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To: bill1952

Sorry you are wrong. . . .


44 posted on 05/19/2011 9:53:33 AM PDT by DeaconRed (Everything is broken-While ZERO fiddles.)
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To: glaseatr

And may a weird holy man spray liquid gold on him as he leaves the WH.


45 posted on 05/19/2011 10:26:01 AM PDT by Vaduz
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To: NC28203
arab governements that are subsidizing wheat imports to avoid riots

And you don't see anything wrong with that?

46 posted on 05/19/2011 1:13:04 PM PDT by MinorityRepublican
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To: MinorityRepublican
>>>arab governements that are subsidizing wheat imports to avoid riots

>>And you don't see anything wrong with that?

No, I don't really have a problem with arab governments subsidizing wheat imports to avoid riots within their country. It's quite common across the developing world. You will see countries doing this in Asia and LatAm as well. I'm not big on government intervention into markets, but If that's how a duly elected government chooses to spend its revenues, that's fine with me.
47 posted on 05/19/2011 2:10:53 PM PDT by NC28203
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