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Obama’s British Embassy Costs $1,000,000,000!

Posted on February 27 2010 11:21 am
Liz Blaine is a financial analyst, author and freelance writer on finance, economics and politics. Follow her on Twitter and her blog Liz Blaine.
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By: Brad Jackson

The new home of America’s diplomatic corps in England will be built in “the Battersea wasteland” of London, moving from it’s long-standing location in the Grosvenor Square neighborhood. The State Department has been a bad neighbor in a post-9/11 age that demands tighter security. Our diplomats owe almost $50 million in charges and fines to the London government and refuses to pay a 17.5 percent VAT tax on the new embassy.

To add insult to injury, a new statue of Ronald Reagan erected in the current Grosvenor Square location will not be moved to the new embassy. “‘It will absolutely not be moved,’ an official said. ‘Nor will the Eisenhower.’”

Well, we wouldn’t want to offend our new embassy neighbors with the awful statue of a Republican President who fought tirelessly to defeat Communism, win the Cold War, and free Europe from the bitter oppression of the Soviet empire. Nope, that’s not part of the new green and friendly image Obama is looking to project with our billion dollar castle-like embassy.

Read the full article at The New Ledger

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