Google and urls question

[shanbr]

I was wondering if google likes or doesn't like it when you have inner urls that do the following:

Instead of showing the actual affiliate url (say you have an out going link) you cloak it to look like your own url (mysite.com/mypage/2) when the actual url would be (linkshare.com/blahblahblah)

Does google not like that type of url? Or do they find it ok?

When you click on it you go to the real url of the affiliate (art.com etc.).

Thanks.