Bush Favors Israel Over America
Posted by alex in double standards, Israel, Israel - the facts at 6:39 pm | Permanent Link
[Israel gets billions upon billions of dollars YOU EARNED, while Alabama, Mississippi and other states go begging.]
Israel is full of sh*t – literally
And you thought it was just figuratively.
According to a report that examines how effective economic sanctions and divestment might be in forcing Israel to end its occupation of Palestine . . .
Israel is the â€œbiggest exporter of fertilizers, polished diamonds and industrial oils. It exports 57% of the total world exports of fertilizers, 34% of the total exports of polished diamonds, 26% of the total exports of industrial oils and 12% of the total weapons sales.â€
Why am I not surprised? They really are full of sh*t!
And that’s not all.
Since 2002, Israel has become a LENDING market. Foreign aid from places such as the United States and Germany has given Israel â€œa powerful base of foreign currency which strengthened its economy.â€ Since 1996, Israel has steadily increased its Central Bank reserves initiated by a 9 billion dollar grant from the United States under the Clinton Administration in a move designed to stabilize the Israeli economy.
That’s 9 BILLION DOLLARS – a GRANT – the kind you need NOT pay back.
For the record, the governments of Mississippi, Alabama, and Louisiana had to BORROW – at interest - most of the money the federal government made available to them after Katrina AND they were forced to sign a loan agreement that included an unprecedented provision that FOREVER bars loan forgiveness – under ANY circumstance.
Don’t believe me? Here’s Dubya talking to Matt Lauer about it.
[Matt Lauer:] there was recently a loan package approved by Congress, a billion dollars in emergency loans for the states hardest hit by hurricanes Katrina and Rita. That’s the good news. Some Democrats complain that there was wording taken out of that loan package, a forgiveness clause that has traditionally been included in loan packages in the past. And they’re wondering why these three states were singled out. Would you ask Congress to go back into that legislation and reinstate the forgiveness clause?
THE PRESIDENT: I think Congress – what Congress said is that the previous loans were limited to a relatively small amount of money. These loans are much greater loans. And that what Congress has said is you’ll have five years to repay, plus an additional five years to repay. And so I think it’s a kind of package that Congress was comfortable with giving and I was happy to sign it.
Get it? One billion dollars loaned to our own states is so much money that they have to pay it back, while 9 billion dollars handed - as a gift - to Israel is well deserved. Or, so the logic goes.
Anyway, the report on Israel concludes that a boycott would not work.
In the event of an effective sanctions and divestment campaign, Israel is better positioned and protected from the effects for a longer period of time due to the size of these reserves.
THE JOKE’S ON YOU, WHITE MAN!