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Obama wants $1 Billion in Jordan Loan Guarantees.

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  • Obama wants $1 Billion in Jordan Loan Guarantees.

    Editing note - I specifically put this in "War and Peace" as we are talking about a secondary subject due to the conflict in Syria. The background is Jordan has an influx of refuges from Syria prompting Jordan to ask the US for financial assistance to host them all. Something like 600K so far.

    I have a huge problem here with Obama calling for $1 Billion in loan guarantees for Jordan given that Jordan just a month or so back adopted resolution that stipulates violence against Israel will not be a terrorist act. You could argue well that Jordanian parliament leans to Islamist parties not all that interested in peace with Israel. Direct opposition to Abdullah. Effectively the idea is to put the US on the hook for Jordan loans, we have to pay them if they default. Given where the parliament is these days are we not suggesting odds are they will default anyway?

    If we are going to give dollars to Jordan, which is what this really is, it seems silly to assume Israel will be ok with it. To me giving money to Jordan (ok... "loan guarantees") only adds to the confusing mess US foreign policy has created in the region.

    What do my fellow USPOL'ers have to say about this as I'm not real happy with this news?

    LOS ANGELES (MarketWatch) — President Barack Obama wants the U.S. to grant $1 billion in loan guarantees to a Middle East ally, Jordan, as that nation struggles to contend with the flood of refugees fleeing civil war-torn Syria.

    The Associated Press reported that roughly 600,000 Syrians have crossed the border into Jordan, a nation of 6 million, to seek refuge. Estimates show it will cost the Jordanian government $900 million this year to host the refugees, testing the nation’s already-fragile economy.

    The U.S. wants to keep Jordan as a stabilizing force in the region. The plan would be to make the guarantee on top of an additional $1.25 billion approved by Congress last year. Congress must approve the new loan guarantee as well, which means the U.S. will repay the loans should Jordan default.

    Obama also wants a new, five-year funding agreement with Jordan but it’s not clear what kind of funding that entails, or to what amount. The countries have a five-year agreement that expires in September.
    Obama wants $1 billion in Jordan loan guarantees - MarketWatch

  • #2
    Re: Obama wants $1 Billion in Jordan Loan Guarantees.

    He had the power and opportunity to bring the Syrian Civil War to a swift and conclusive end, and he screwed the pouch on that.

    If he wants to loan the Jordanians a $1billion to take care of his mess, he should do so out of his own pocket.

    מה מכילות החדשות?


    • #3
      Re: Obama wants $1 Billion in Jordan Loan Guarantees.

      I think the odds they will default on those loans (and, come on: WHO is financially well off enough to cough up that money other than us?) are high so as to approach almost dead certainty.

      all OTHER Muslim extremists governments verbally assault Israel AND us in the same breath. What, no "Allah Akbar" no US and Israel invective? And JUST because they want money? They declare violence against Israel as "not" terrorism, will they proclaim defaulting on their debt also not welching?

      SKA-rew that bovine scat... Obama is a fool if he is buying their "sincerity."

      מה מכילות החדשות?


      • #4
        Re: Obama wants $1 Billion in Jordan Loan Guarantees.

        Originally posted by Commodore View Post
        He had the power and opportunity to bring the Syrian Civil War to a swift and conclusive end, and he screwed the pouch on that.

        If he wants to loan the Jordanians a $1billion to take care of his mess, he should do so out of his own pocket.
        The American public very much wanted to stay out of this mess, and if it weren't for the rampant ADD, the American people would prefer to stay out of the financial side too.

        Had the President interveined, AND been successful, then we would be on the hook for more than just a billion of two in loan guarantees rebuilding infrustructure and setting up government in yet ANOTHER Middle Eastern country.

        מה מכילות החדשות?


        • #5
          Re: Obama wants $1 Billion in Jordan Loan Guarantees.

          Originally posted by ArmyFerret View Post
          The American public very much wanted to stay out of this mess, and if it weren't for the rampant ADD, the American people would prefer to stay out of the financial side too.

          Had the President interveined, AND been successful, then we would be on the hook for more than just a billion of two in loan guarantees rebuilding infrustructure and setting up government in yet ANOTHER Middle Eastern country.
          Like we where in Libya?

          מה מכילות החדשות?


          • #6
            Re: Obama wants $1 Billion in Jordan Loan Guarantees.

            My impression from Jordanian people is that there is a lot of freedom in the country, more than in its neighboring countries, except parts of Israel and lebanon.

            We spent all this money and might dissuading nations from doing the bad things, why not put a tiny part of that towards rewarding the good things?

            מה מכילות החדשות?


            • #7
              Re: Obama wants $1 Billion in Jordan Loan Guarantees.

              i agree. Great Britain should loan them $1B dollars.

              מה מכילות החדשות?


              • #8
                Re: Obama wants $1 Billion in Jordan Loan Guarantees.

                Since Jordan are actually one of the few calming forces in the region and trillions have been spend on forces who are upsetting the region, I would say to look after your real allie in the region...

                Jordan are invaluable broker of peace in the region... This is smart money spent when compared to the money already spent int he region...

                מה מכילות החדשות?


                • #9
                  Re: Obama wants $1 Billion in Jordan Loan Guarantees.

                  Originally posted by Commodore View Post
                  He had the power and opportunity to bring the Syrian Civil War to a swift and conclusive end, and he screwed the pouch on that.

                  If he wants to loan the Jordanians a $1billion to take care of his mess, he should do so out of his own pocket.
                  Would love to hear your version of how our country was supposed to bring another country's civil war to a "swift and conclusive end".

                  Im sure some people thought the same thing before US troops got involved in Vietnam.

                  מה מכילות החדשות?


                  • #10
                    Re: Obama wants $1 Billion in Jordan Loan Guarantees.

                    Originally posted by Good1 View Post
                    I think the odds they will default on those loans (and, come on: WHO is financially well off enough to cough up that money other than us?) are high so as to approach almost dead certainty.

                    all OTHER Muslim extremists governments verbally assault Israel AND us in the same breath. What, no "Allah Akbar" no US and Israel invective? And JUST because they want money? They declare violence against Israel as "not" terrorism, will they proclaim defaulting on their debt also not welching?

                    SKA-rew that bovine scat... Obama is a fool if he is buying their "sincerity."
                    Do you even know anything about Jordan or its current monarch?

                    מה מכילות החדשות?


                    • #11
                      Re: Obama wants $1 Billion in Jordan Loan Guarantees.

                      Originally posted by Jihad4Beer View Post
                      Do you even know anything about Jordan or its current monarch?
                      Generally speaking the King of Jordan doesn't seem the worst... There is moves towards Democracy but those moves are slow and I think it is because they want Jordan to remain a reasonably progressive country and a secular state (52% of Jordians support this..)

                      Although Jordan is a constitutional monarchy, the king holds wide executive and legislative powers. Jordan is classified as a country of "medium human development"[9] by the 2011 Human Development Report, and an emerging market with the third freest economy in West Asia and North Africa (32nd freest worldwide).[10] Jordan has an "upper middle income" economy.[11] Jordan has enjoyed "advanced status" with the European Union since December 2010,[12] and it is a member of the Euro-Mediterranean free trade area. It is also a founding member of the Arab League[13] and the Organisation of Islamic Cooperation (OIC)
                      If there is going to be peace in the region Jordan will be a leader...

                      Ireland share a friendship with Jordan (which has strong links through horse racing). They have been mediators in the past for release of Irish Hostages in the region...

                      If US is giving Carrots in the region this is the guys to help... god knows they have spent enough on the stick..

                      מה מכילות החדשות?


                      • #12
                        Re: Obama wants $1 Billion in Jordan Loan Guarantees.

                        Originally posted by Texan View Post
                        i agree. Great Britain should loan them $1B dollars.
                        We already give more than most in foreign aid. We are the second most generous nation giving £9 Billion compared to the £20 Billion US aid budget. Considering the difference in population between the UK and US we give more per person.

                        Britain second in world for aid spending - Telegraph

                        מה מכילות החדשות?


                        • #13
                          Re: Obama wants $1 Billion in Jordan Loan Guarantees.

                          Originally posted by PeterUK75 View Post
                          We already give more than most in foreign aid. We are the second most generous nation giving £9 Billion compared to the £20 Billion US aid budget. Considering the difference in population between the UK and US we give more per person.

                          Britain second in world for aid spending - Telegraph
                          Now you see my point. It's always easier to spend other peoples' money.

                          מה מכילות החדשות?


                          • #14
                            Re: Obama wants $1 Billion in Jordan Loan Guarantees.

                            Originally posted by Jihad4Beer View Post
                            Would love to hear your version of how our country was supposed to bring another country's civil war to a "swift and conclusive end".

                            Im sure some people thought the same thing before US troops got involved in Vietnam.
                            How did we bring the most recent foreign civil war to a swift and conclusive end?

                            Honestly people, we are talking about the same freaking administration.

                            מה מכילות החדשות?


                            • #15
                              Re: Obama wants $1 Billion in Jordan Loan Guarantees.

                              Originally posted by Texan View Post
                              Now you see my point. It's always easier to spend other peoples' money.
                              Where did I say you should give the money?
                              I just pointed out the UK is already extremely generous.
                              I have no opinion on whether or not you should as it's up to you guys.

                              מה מכילות החדשות?

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