Dismantle Overseas Private Investment Corporation

Just in from Dick Cheese:

Sunday, September 28, 2008

Time To Pull Plug On OPIC (Overseas Private Investment Corporation)

The whole Wall Street Bailout Scandal has Americans in the lower and middle class rightfully angry, and it has many of us taking a much closer look at our federal government, and how they are SPENDING our money. One way in which great amounts of our TAX DOLLARS are being spent to build economies in foreign countries, to protect the corporate assets (by mitigating risk) of American companies moving American jobs offshore is a little known quasi-private part of our government called the OPIC (Overseas Private Investment Corporation) http://www.opic.gov/

OPIC is spending billions and trillions of our tax dollars building infrastructure in foreign countries while Americas lose their jobs, while illegal aliens are allowed to depress our wages. Some examples of our money funding foreign investment would include one half billion dollars invested into CLEAN ENERGY not here in America, but in ASIA! Let China pick up the tab, and instead invest that money in America's GREEN ENERGY streams, use that money to mobilize $1.5 Trillion in Green Energy Investments here in America. Why use our taxes to fund growth funds that invest in Green Energy abroad?

Another $127 Million is being tossed to Africa, and to add insult to injury, OPIC in July made a 1/4 of a BILLION dollars available for LOW INCOME HOUSING MORTGAGES in Jordan! We cannot help our own citizens, but can set aside funds for low income communities in Jordan, a place known to breed TERRORISTS?

Even more troubling...American Companies wanting to do business overseas can purchase POLITICAL RISK INSURANCE backed by OUR GOVERNMENT! When you think about this insurance, think IRAQ WAR, THINK HALIBURTON! Go overseas, build a new business, take jobs out of America...don't worry, we'll give you insurance in case it does not work out! How about OPIC using our tax dollars to lend money to speculators at 3-5 percent interest to go build homes in foreign countries! The Big one, the insulting one is the Political Risk Insurance which coverages include:

To cover possible damage or loss

• Tangible assets such as trucks, manufacturing or drilling equipment
  
• Value of investment
  
• Earnings or return of the investment

To obtain or attract financing in the face of risk

To deter long-term losses through OPIC’s advocacy

The days of the LITTLE GUY picking up the tab, covering the risks for the rich and elites games needs to come to an end. Contact your elected officials in Washington, DC TODAY, and tell them you want the plugged pulled on Overseas Private Investment Corporation, you want all tax dollars into the program CEASED, and instead put into a program that invests here in America, funds companies OWNED AND OPERATED BY AMERICANS.