Barack Obama Wants U.S. to Loan $100 Billion to Global Bailout

Obama has asked Congress to authorize $100 billion in loans to the International Monetary Fund (IMF) to help create a $500 billion global bailout fund.

If passed by both the Senate and the House, the bill would allow the IMF to borrow up to $100 billion from the U.S. and increase the U.S. fiscal contribution to the IMF by $8 billion.

The Congressional Budget Office estimates that the loans would not cost the U.S. more than $5 billion Read More

Obama still on his spending spree and not listening to the American people! Do you not think that its time to find a tea party to join? Obama is hurting the lives of blacks and whites alike and does not care as long as he can keep his power over we the people!

2 comments on “Barack Obama Wants U.S. to Loan $100 Billion to Global Bailout

  1. I fear a Civil War, many persons both Black ,Hispanic, others, and Whites are desperate all over the land. Things will get worst in my view.
    Michell Obama spends $500 on sneekers, $600 on shoes, $600 on Lobster lunches while the people starve.
    Why was over $170 million spent on his Inaugaration, if he is for change, he could have a simple swearing in as POTUS.
    Where is his birth certificate?
    Who is he?
    God Bless America.

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