Fighting foreign bailouts

By Michelle Malkin  •  May 14, 2009 09:37 AM

I blogged yesterday about Obama’s $108 billion IMF bailout.

Sen. Jim DeMint says: “I’ll fight to stop it.”

DeMint will be offering an amendment to strip the $100 billion for the IMF.

Where do your senators stand? Ask: 202-224-3121.

On another front, Sen. Tom Coburn has been watchdogging the ongoing World Bank bailout. According to Coburn’s office: “The first installment of this World Bank bailout has been hidden in Treasury’s FY2009 funding even though Treasury makes no mention of this scheme in its FY2009 budget request documents to Congress. Congress blindly cut the check for the spike in the FY2009 World Bank replenishment without asking any questions.”

More details on the $1.13 billion foreign aid program and $7.5 billion bailout of multilateral banks here.

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Posted in: Politics

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Comments


  1. #1
    On May 14th, 2009 at 9:39 am, ajmontana said:

    Where do your senators stand?

    lol Michelle, Good one. I’m in Ca. :lol:

  2. #2
    On May 14th, 2009 at 9:41 am, cicerokid said:

    Taxation without representation is Tyranny.

  3. #3
    On May 14th, 2009 at 9:42 am, b-cat said:

    On May 14th, 2009 at 9:39 am, ajmontana said:
    lol Michelle, Good one. I’m in Ca.

    Don’t sweat it aj, the rest of the country is catching up with ya.

  4. #4
    On May 14th, 2009 at 9:54 am, chapoutier said:

    Does anyone know what the IMF and World bank actually does?

    The only thing I know about them is when I worked across the street form their DC office I would get an occasional day off due to the protesters.

  5. #5
    On May 14th, 2009 at 9:57 am, b-cat said:

    May 14th, 2009 at 9:54 am, chapoutier said:
    Does anyone know what the IMF and World bank actually does?

    The only thing I know about them is when I worked across the street form their DC office I would get an occasional day off due to the protesters

    Well, there you have it. They are putting lawyers out of work. Maybe we should support them.

  6. #6
    On May 14th, 2009 at 9:57 am, ajmontana said:

    Were they Protesting dirtbag lawyers Chap? lol

  7. #7
    On May 14th, 2009 at 9:58 am, no2pcbs1 said:

    the thieves in congress have made hiding bailout money in other bills an art form, so no one knows the money was wasted as is always the case.

  8. #8
    On May 14th, 2009 at 10:00 am, walterc said:

    chapoutier said:

    Does anyone know what the IMF and World bank actually does?

    Primarily setup to launder U.S. dollars to dictators and despots instead of through direct foreign aid.

  9. #9
    On May 14th, 2009 at 10:03 am, JusDreamin said:

    ajmontana said:
    lol Michelle, Good one. I’m in Ca.

    Ditto that AJ. Depressing, isn’t it?

  10. #10
    On May 14th, 2009 at 10:05 am, chapoutier said:

    Were they Protesting dirtbag lawyers Chap? lol

    If they were, they could have picked a better spot with a larger concentarion of dirtbag lawyers walking about 2 miles east.

  11. #11
    On May 14th, 2009 at 10:24 am, NJ-Aviator said:

    chapoutier said:

    Were they Protesting dirtbag lawyers Chap? lol

    If they were, they could have picked a better spot with a larger concentarion of dirtbag lawyers walking about 2 miles east.

    lol chapoutier….

    And hey. At least there’s someone in Washington doing the job they were put there to do. Which is looking out for Americans.

    Sen. Jim DeMint says: “I’ll fight to stop it.”

  12. #12
    On May 14th, 2009 at 10:24 am, pressto said:

    What is a $100 Billion when they are printing money like there is no tomorrow.

  13. #13
    On May 14th, 2009 at 10:25 am, Pat said:

    I think this is all a set-up. Other countries at the G20 promised funding, then took it back as soon as The One and the cameras left, and the IMF announced it would for the first time ever issue bonds.

    Obama to the rescue. It was all planned this way from the get go.

  14. #14
    On May 14th, 2009 at 10:25 am, right4life said:

    its RACIST to oppose this…the IMF gives money to various third world liberators like comrade mugabe, so his wife can take shopping trips in paris!!!

    power to the people!

  15. #15
    On May 14th, 2009 at 10:32 am, NJ-Aviator said:

    pressto said:

    What is a $100 Billion when they are printing BORROWING money like there is no tomorrow.

    there ya go… fixed it.

  16. #16
    On May 14th, 2009 at 10:47 am, hawkeye54 said:

    Obama’s $108 billion IMF bailout

    Pfft. WIth a trillion and counting is spending $108 billion is’t even talking real money anymore.

    What is a $100 Billion when they are printing BORROWING inventing money there is no tomorrow that doesn’t and will never exist.

    Re-Fixed it. Destroying the USA as we’ve known it.

  17. #17
    On May 14th, 2009 at 11:09 am, 24Klady said:

    I was impressed with Sen. DeMint during the last election. Wondered why he got so little attention from the RNC? Guess he WAS doing his job and could be disqualified for that reason alone. If he continues working for the people, not the party, I’ll send him money any day of the week.

  18. #18
    On May 14th, 2009 at 11:19 am, Truesoldier said:

    Speaking of US tax dollars being used on foreign projects check these two out:

    The federal government is spending $2.6 million to make sure prostitutes in China drink less on the job

    and this one:

    Government researchers are spending more than $400,000 in taxpayer money to hit the bars in Argentina.
    The National Institutes of Health are paying researchers to cruise six bars in Buenos Aires to find out why gay men engage in risky sexual behavior while drunk

  19. #19
    On May 14th, 2009 at 11:21 am, happyscrapper said:

    Where do my Senators stand? Well, I live in Minnesota, so figure it out. Amy Klobuchar…lib. Al Franken…freak, weasel, jerk, moron. Norm Coleman…RINO. I would like to see my country back just once before I am euthanized.

  20. #20
    On May 14th, 2009 at 11:31 am, robhic said:

    What’s the big deal? We can just send ‘em a boatload of our (now) valueless, un-backed currency from the printer.

    Send them a trillion, who’s counting? It’s just paper now. Like Billy Preston said:

    Nothin’ from nothin’leaves nothin’…

  21. #21
    On May 14th, 2009 at 11:38 am, bradley said:

    The IMF gives taxpayer money to idiot dictators running African countries, that’s what it does. And it NEVER gets it back either.

  22. #22
    On May 14th, 2009 at 11:40 am, Pasadena Phil said:

    This is all one big last gasp Hail Mary pass for the one-worlders. Inflation is staring us right in the face, the first hint of which will trigger a massive Treasury bond market meltdown. The Treasury has just started auctioning off the trillions it will need to fund the massive government build out they are planning and already, the auctions are failing due to lack of global interest.

    The only thing keeping interest rates low is the Fed doing the buying (printing money). Were the Treasury to continue down this path with higher interest rates, the budget deficit would explode. Once banks start lending, inflation kicks in. Time is running out for Obama and the socialists.

    The Obama socialist program is crashing and burning right out of the gate. We are perilously close to the onset of stagflation which will be impossible to stop without writing off all of that bad debt we don’t want to address.

    We either take our harsh medicine now to get on the path to economic recovery or get used to being in a bed-ridden economy for a very, very long time.

  23. #23
    On May 14th, 2009 at 12:03 pm, Ed Mahmoud abu al-Kahoul said:

    The National Institutes of Health are paying researchers to cruise six bars in Buenos Aires to find out why gay men engage in risky sexual behavior while drunk

    They tend to engage in risky sexual behavior, period…

  24. #24
    On May 14th, 2009 at 12:22 pm, Dexter Alarius said:

    Where do your our senators stand?

    Unfortunately, Colorado has a pair of Leftie senators. When it comes to anything Obummers wants, they don’t stand. They kneel.

  25. #25
    On May 14th, 2009 at 12:43 pm, nuss said:

    On May 14th, 2009 at 9:41 am, cicerokid said: “Taxation without representation is Tyranny.”

    Yes, it is tyranny, and clearly unconstitutional. The most egregious instances of taxation without representation are the debts imposed by our current administration and congress on unborn children of the next generation. Clearly, our successive generations have no representation at this point in time. Remember that idiot Jeanine Garafalo and her parrot, the uberidiot Keith Olbermann who said tea party attendees are red-neck racists who don’t understand history or what the Boston Tea Party was all about. Sorry Garafolo/Olbermann…the philosophy of current tea parties is spot on, as they reflect frustration over enormous spending today, to be paid by the next generations through taxation without their representation. Garafalo and Olbermann are the ones who don’t understand history, or perhaps the connection to successive generations is too big a mental leap for them.

  26. #26
    On May 14th, 2009 at 12:47 pm, walterc said:

    Ed Mahmoud abu al-Kahoul said:

    The National Institutes of Health are paying researchers to cruise six bars in Buenos Aires to find out why gay men engage in risky sexual behavior while drunk

    Why do they need to go to Argentina? Can’t they just catch a ride with Nancy next time she heads home? In fact I’m sure there’s a couple of gay bars right there in D.C. they could cruise for a lot less money. Probably find a couple of drunk Chinese hookers there too.

  27. #27
    On May 14th, 2009 at 1:16 pm, DagneyT said:

    Jim deMint is definitely one of the good guys!

  28. #28
    On May 14th, 2009 at 2:05 pm, conservativesRus said:

    The problem isn’t Foreign bailouts – the problem is bailouts period. The federal gov’t has no business bailing out ANYTHING.
    The constitution explicitly states that anything not specifically allowed in the constition, then it’s up to the states.
    I don’t see intervention in markets being something explicitly allowed. It’s unconstitutional.

  29. #29
    On May 14th, 2009 at 2:21 pm, libertybelle said:

    Sorry to steal the thread for a moment, just wanted to point out that the socialized healthcare masses and unions are having a nationwide rally on May 30th. What are you going to do to meet them?
    http://www.healthcare-now.org/
    In Seattle we are going to meet them with a counter protest across the street from Westlake Park at 4th and Pine, at 2:00pm.
    If you want more information, visit http://www.redistributingknowledge.blogspot.com

  30. #30
    On May 14th, 2009 at 2:26 pm, chapoutier said:

    sorry libertybelle,

    I know this crowd and they won’t do anything until the get their marching orders straight from the top: Michael Patrick Leahy.

  31. #31
    On May 14th, 2009 at 2:47 pm, On-my-soap-box said:

    On May 14th, 2009 at 2:21 pm, libertybelle said:
    Sorry to steal the thread for a moment, just wanted to point out that the socialized healthcare masses and unions are having a nationwide rally on May 30th. What are you going to do to meet them?

    …because socialized auto unions is working out so well for union workers…

  32. #32
    On May 14th, 2009 at 2:49 pm, On-my-soap-box said:

    I guess that should be:

    …because socialized auto companies is working out so well for union workers…

  33. #33
    On May 14th, 2009 at 8:11 pm, Pasadena Phil said:

    Another Hail Mary pass. Obama warns of soaring interest rates if Congress keeps spending and printing money. Considering he is the source of most of the new spending, I’m not sure what he expects to gain by this warning. The only thing I can think of is that time he urging Congress to pass the liberal legislation now before borrowing costs skyrocket. I’m telling ya, stagflation is staring us right in the face.

  34. #34
    On May 14th, 2009 at 9:28 pm, PKAmmoTroop said:

    To me this falls right in line with the US spending $2.6 million to get Chinese prostitutes to drink less when having sex on the job.

    :shock:

    We’re bailing out the IMF, we’re bailing out Chinese hookers. Does the fact that I’m one of the few people left on earth paying for this drunken spending spree rather than profiting from it make me an oppressed minority?

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