"Not only has the U.S. government wasted $85 million to construct a major hotel and an apartment building in Afghanistan deemed abandoned and uninhabitable, American taxpayers are also footing the bill for security at the buildings, located near the U.S. Embassy, according to an Afghan reconstruction watchdog agency appointed by Congress."
"Under the George W. Bush administration, the Overseas Private Investment Corporation (OPIC), the U.S. government’s development finance component, approved a proposal submitted by Fathi Taher, a Jordanian citizen, and his U.S. sponsor, General Systems International LLC, to construct the 209-room, five-star Marriott Kabul Hotel for $58 million."
Now Bannon wants to put the blame on to Obama personally !
' In an unprecedented nationwide outreach effort, OPIC staff actively sought project applicants by going on the road to tell our story in as many ways as possible: through the media, in college and university sponsored programs, with the assistance of local government and Congressional offices, and in numerous meetings with the small business community. We believe that reaching out and making it easier for U.S. small businesses to expand into challenging overseas markets represents OPIC at its best. As you will read in this annual report, the projects they are involved in represent entrepreneurial America at its best."
This was in 2003 OPIC report boasting!
Is OPIC part of the U.S. Government?
Yes, OPIC was established in 1971 as an agency of the U.S. Government. Organized as a corporation with a corporate structure, it is governed by a Board of Directors, President and CEO, and Executive Vice President, all nominated by the President of the United States and approved by the U.S. Senate. Although it operates on a self-sustaining basis at no net cost to American taxpayers, OPIC is appropriated administrative funding, and reauthorized on a regular basis, by the U.S. Congress.
Are OPIC services U.S. taxpayer-funded?
OPIC operates on a self-sustaining basis at no net cost to American taxpayers. In fact, 2015 marked the 38th straight year that OPIC has generated money for American taxpayers and helped reduce the federal deficit, while supporting a range of highly developmental projects from power plants in Sub-Saharan Africa, to low income housing in Latin America and food processing facilities in Eastern Europe.
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