President Obama Asks Congress for $100 Billion to Bailout Europe
May 20, 2009
Now that the president has bailed out the national economy and has already saved 150,000 jobs he is moving on to even bigger problems– the world economy.
The president is asking congress to approve $100 billion in loans to the International Monetary Fund so that the American taxpayer can begin to bailout Europe.
With America already borrowing the money for the stimulus and bailout bills where exactly are we getting the money to loan to the IMF? Are we going to borrow more money from China so that we can lend it to Europe?
As our national debt rises to all time highs and while we are already borrowing over 40 cents for every dollar, it doesn’t seem like now is the time to worry about bailing out the rest of the world.
12 Comments
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America's Watchtower 
NO!
Not just NO, but HELL NO!!
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This guy is more full of shit than a Christmas Goose!
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We don’t borrow money anymore, few will loan to us, will simply crank-up the printing presses. We have an endless supply. No problem for the moment—but tomorrow does come someday.
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Just keep it rolling off the presses, we will worry about it later. That seems to be the president’s plan.
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Don’t you mean China will pay 100 bil to bail out Europe? We don’t have that kind of money! And why does it only take 100 bil for all of Europe and for us it takes how many trillion?
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China will loan is the money do we can loan it to Europe, what could possibly go wrong? 🙂
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Okay, this is ridiculous! Bailout of Europe! Shut up! I would scream but I am horse from all the screaming I have done up to now! Errr!~
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This administration doesn’t seem to care where they spend the money, as long as ther are spending money.
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See, you guys are looking at this the wrong way. If we bail out Europe, we own Europe. If we own Europe, we’ll own all those great places to visit, to eat, to drink… I call at least two English pubs and Royal St. George’s Golf Course.
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I guess I didn’t look at it that way. 🙂
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Somehow I don’t see this bailout working that way. I really think these moves by Obama are moves that will help usher in the One World system. For Obama, this isn’t about America. It is about him gaining as much power as he can.
As this continues, I predict we will see a very nasty side of Obama on a more regular basis.
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We do seem to be looking at a socialized world economy. The UN also has that as its primary goal, taking money from the rich countries and giving it to the poor ones.
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