U.S. Government to Give $313 Million to Muslims for Home Mortgages

From American Overlook:

According to the GAO, Obama’s administration will be handing over more than $300 million tax dollars to Muslims to help pay their mortgages. $110 million of this money will be used as loans for businesses located in the West Bank.

The name of the group in charge of this is called the Overseas Private Investment Corporation. According to their website, ““OPIC provides financial products, such as loans and guaranties; political risk insurance; and support for investment funds, all of which help American businesses expand into emerging markets.”

The OPIC is partnering with a group created by the Palestinian Authority president. The GAO notes , ” PIF is governed by a board of directors and a general assembly appointed by the Palestinian Authority President, and manages investments throughout a number of sectors…”

They claim this will help emerging U.S business in the middle east. Though, some argue this money will be going to terrorist linked groups and businesses.

The OPIC claims all groups who will manage the money have been vetted to make sure the money isn’t going to the wrong people.

—oo—

The wrong people?  You can bet that this administration will screw that up.  Most if not all of this money will end up in Swiss accounts or in the hands of those that want to do us harm just like the rest of the so-called aid packages.

I find it absurd that this administration is so generous with OUR money and giving it to those that hate us.

~ Hardnox

About Hardnox

Constitutional Conservative that Lefties love to hate.
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12 Responses to U.S. Government to Give $313 Million to Muslims for Home Mortgages

  1. Clyde says:

    Does THIS screwup leave ANY doubt about whether or not the bastard is muslim? Let’s see, what could go wrong here. Madrassas, terrorist training academies, I can see it now,in lights, “Abdullah’s School Of Terrorism Arts And Sciences”. “Welcome to the Barack H. Obama Center”.

  2. tannngl says:

    None of this money ever goes to Arabs in those ‘camps’.

    Have you ever seen real pictures of the West Bank? or Gaza? Here’s one showing a luxury shopping mall in Gaza. Do the people look so destitute?
    http://www.tomgrossmedia.com/mideastdispatches/archives/001127.html

  3. Kathy says:

    This is a cover up of huge proportions and it’s absolutely infuriating. He must think we’re really stupid not to see he is fortifying the Palestinians for the next battle with Israel.

    “political risk insurance”??? That must be the new buzz word for terrorist life insurance.

    Why don’t we just open a huge store there and call it Guns R Us?

  4. CW says:

    Eye opening, but not surprising.

    What’s even more absurd than the way Obama spends our money is that he has the power to do so. How did we get to this place?

  5. bullright says:

    Whoa, it goes from dumb to dumber. Now what is their biggest “business”? No, its not a trick question. All nicely appointed by the president, smells really pungent. But it would fit into Obama’s jobs plan, 🙂

  6. Mrs AL says:

    Is this Constitutional? And where is the Congressional oversight stopping this stuff? What piece(s) of information am I missing? Fill me in, please.

  7. Rich B says:

    $313 million for tents, table-cloths for their heads and blankets for their Camels? Oh well, I guess anything became possible once they pencil pushers of the Omama regime spent $600 Million on a website that would have taken some college freshman a thousand dollars and a week using MS Front Page to design.

  8. Hardnox says:

    Thanks for the comments everyone. In attempting to identify the source and/or authorization for the funding, apparently it comes from the State Department. Congress authorizes the funding as well as appropriations for foreign aid.

  9. Crawfish says:

    “$110 million of this money will be used as loans for businesses located in the West Bank.”

    Sorry, but the West Bank is part of ISRAEL, and our Muslim pResident objects to housing for ISRAELIS in that part of ISRAEL.

  10. C. Lowe says:

    Reverse mortgage??? Your property becomes “government land”. then I bet it will end up with the muslims… Thanks to the muslim in charge..