Friday, October 23, 2009

Oh, this is just great. Obama gives millions to Muslim technology fund.

Paying the jizya, Obama style.

The Islamic idea of superior technology. --->

So with one hand he cuts the nuts off companies here in the United States, with the other he forks over between $25 and 150 million of your tax dollars to the Islamic world to develop superior technology. (Holy crap! It will be between $25 and $150 million "in total capital" for EACH fund or funds established!)

From Breitbart:

The White House Friday highlighted a new multi-million-dollar technology fund for Muslim nations following a pledge made by President Barack Obama in his landmark speech to the Islamic world.

The White House said the US Overseas Private Investment Corporation had issued a call for proposals for the fund, which will provide financing of between 25 and 150 million dollars for selected projects and funds.

The Global Technology and Innovation Fund will "catalyze and facilitate private sector investments" throughout Asia, the Middle East and Africa, the White House said in a statement.

Eligible projects would advance economic opportunity and create jobs in areas like technology, education, telecoms, media, business services and clean technology, the White House said.

OPIC said sample projects could help foster the development of new computer technology or telecommunications businesses, or widen access to broadband Internet services.

Proposals must be submitted by the end of November, and managers of funds that make a final short list will make presentations in Washington in January.

Final selections will be announced next June.


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