|The Lie? On the February 20th, 2012 edition of the Fox News show Hannity, Fox News contributor Karl Rove (R-Fox News), repeated the falsehood that President Obama gave a ($2 billion) loan to Brazil’s national oil company – Petrobras. According to Rove, “The president even gave a loan to Brazil. Why do they need our money, they’ve got plenty of their own.” Rove’s straight-faced assertions, as it turns out, were really bald-faced lies.
|The Truth According to FactCheck.org, the loan to Petrobras, was approved by members of the Bush administration (three Republicans and two Democrats) who were on the board of directors of the U.S. Export-Import Bank. There were no Obama appointees involved with the vote. Additionally, it has also been implied that American tax dollars would be used to make the loan. That, too, is not true. What makes these lies even more egregious is the fact that they have all been refuted since 2009.
(sources: mediamatters.org and FactCheck.org)