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!