The Obama Administration has stated publicly its opposition to the nationalization of a major corporation.
The United States on Wednesday said Argentina’s plan to nationalize leading energy company YPF was a “negative development” that could hurt the Latin American country’s economy and investment climate.
State Department spokesman Mark Toner said the United States was very concerned about Argentina’s bid to seize the company, controlled by Spanish energy group Repsol, and had raised its concerns with the highest levels of the Argentine government.
“Frankly, the more we look at this we view it as a negative development,” Toner told a news briefing.
Obama favored increases in offshore oil drilling — by Brazil. Now he favors leaving huge multinational corporations in the hands of their investors rather than government — provided the government isn’t his.
I’d be surprised if the Argentine government didn’t tell the Obama Administration to STFU. I would, if I were in their socialist shoes.
I can’t help but take that as an admission about their gut reactions.
Is it even imaginable that Repsol would pack its bags and leave? Is there a precedent?
They know socialism doesn’t work, that’s why they are implementing it.
Bad America, bad, bad America.
…and had raised its concerns with the highest levels of the Argentine government.
I can just imagine how that went:
I was at lunch and saw this story on the crawl on TV, and it was all I could do not to laugh outloud and draw the curious attention of every other diner in the place.
Okay, the fact there were no other diners at the time made it a lot easier not to attract their attention, but still…
They really have no clue what credibility is, do they?
BTW, the real reason I asked Jeff if I could rejoin the guest-blogging stable here was, this way I get to correct typos in my comments.
ARE YOU IN?
Yes Michelle, everyone wants a piece of your criminal enterprise. Who wouldn’t slavishly follow ALL-IN you, baby? I mean, free stuff!!
Think we could see the Obama administration auctioning a ticket to kick SecDef Panetta in the nuts? I’d put in a bid.
It boggles the mind.
…this way I get to correct typos in my comments.
Oh, man — I gotta get in on this scam!
Uh-oh. I may have created a monster.
Sign me up!
I think if we could drill down into some well-scrambled records, we’d find that Repsol sent our Dear Leader some re-election cash.
Or, check’s in the mail…
Now he favors leaving huge multinational corporations in the hands of their investors rather than government …
Well, some investors that is.
http://emergingmoney.com/stocks/george-soros-more-than-doubles-position-in-ypf-sa-ypf-uso-repyy/
…and had raised its concerns with the highest levels of the Argentine government.
After all the the coke was gone and the Secret Service detail left with the hookers.
The current Secretary of State is recovering from
jet laga drunken binder in Colombia, and is unavailable for comment.Yay government!
B Moe, I wish I could say I’m surprised.
Anything on his involvement with Brazilian oil interests?
Nationalization is too blatant. Barry prefers things like owning 51% of a large company’s stock after buying off its debts with taxpayer cash in a rigged bankruptcy court where senior bondholders are screwed out of their contractual rights. This might have happened with, say, an auto company.
Or perhaps Barry likes starting, in effect, wholly government directed enterprises in the fascist model of Italy, by funding the operation with more taxpayer cash and making sure the people running the thing are close campaign contributors and mere puppets. The by-product of such a scheme is occasionally a service or good no one wants at a price that cannot cover production costs. Like solar panels.
Besides, who needs to nationalize when you can shut down entire operations with a simple order from the EPA? The State has all the cards, and you merely hope they don’t play them. Like when suddenly dust on farms is declared a pollutant.
So far.
I’m in!
On the typo thing.
Not the criminal enterprise.
OT, BP, and bloody bad news.
Obama made a good show of pretending to be mad at his chums at BP. It almost fooled people.
jdw, look at the sources towards the bottom: Al-Jazeera, Mother Jones, a whole list of lefty faves. And of course the only cure is to stop drilling. Always consider the source, and the corruption of science.
Anything on his involvement with Brazilian oil interests?
Beck was on that a loooong time ago. Yes, Soros is deeply invested in Brazilian petroleum.
And FWIW, word on the street is that Soros leaned on Rupert Murdoch to lean on Beck to stop playing “follow the $oro$ money” on his show, so Beck, finding that Fox didn’t actually have his back, declined to renew his contract with them.
That, plus his employees (including single mothers) were being stalked by $oro$ goons.
BTW, the real reason I asked Jeff if I could rejoin the guest-blogging stable here was, this way I get to correct typos in my comments.
Can you correct my typos?
B Moe,
I imagine that may had the same thought… It was the first that crossed my mind. Not so much who your link refers to but someone… indeed.
I guess that would apply to the US as well, say, in the healthcare realm, eh? Energy?Who knew Hillary would throw so much of O!’s economic policy overboard with a mere two sentences
I have a tipjar on my site, and an upcoming vacation to pay for. A couple grand might be enough to buy my personal typo-correction service for, say, six months.
Of course, I have to kick some of that back to Jeff. Possibly doubling my regular monthly contribution…