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President Obama told residents of Rio de Janiero today that pro-freedom movements in Libya and throughout the Middle East can take inspiration from the example of a free and vibrant Brazil.
Brazil "shows that a dictatorship can become a thriving democracy," Obama said in a speech that focused on the U.S. relationship with his host country's growing economic power.
"I intend to come back in 2016 to watch what happens," Obama said.
Origins: The above-quoted article references a segment attributed to Fox News Channel host Glenn Beck criticizing President Obama for signing an executive order to lend $2 billion to a Brazilian oil company to finance offshore drilling, all without securing reciprocal oil exports from Brazil or any other benefit to the U.S. Nearly all of the substantive claims made in that article are false, as detailed below:
# [President Obama] signed an executive order to loan 2 Billion of our taxpayers dollars to a Brazilian Oil Exploration Company
This statement is false: President Obama signed no such executive order. On 14 April 2009, the Export-Import Bank of the United States (Ex-Im), an agency whose mission "is to assist in financing the export of U.S. goods and services to international markets," issued a preliminary approval for a $2 billion loan to Brazil's national oil company, Petroleo Brasileiro S.A. (Petrobras), to help fund offshore oil exploration and development.
The approval of the loan was an action undertaken not by officials who had been appointed by President Obama, but by his predecessor, President George W. Bush, as Ex-Im itself stated: