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Fighting foreign bailouts

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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‚Äôs 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.

Posted in: Politics