Yesterday, President Bankrupt Blank Check Obama, who never met a cause he did not want to waste taxpayers' money on, proposed a $100 billion U.S. loan to the IMF. He also "urged" China and India, where many of our jobs are exported, to take a bigger stake in the IMF.

In a letter to Congress, Blank Check said the U.S. funding "does not represent a budgetary expenditure or any increase in the deficit since it effectively represents an exchange of assets." Obama urged Congress to pass the legislation so the U.S. would keep its promises to the G20. Mr. President, stop making promises with money we do not have.

in the letter, he claims there would be no budgetary outlays. "The United States transfers dollars to the IMF under the NAB ....and receives in exchange another monetary asset in the form of a liquid, interest-bearing claim on the IMF, which is backed by the IMF's strong (ed: ?) financial position, including its significant holdings in gold."

If the IMF has so much gold, I suggest we transport it to Fort Knox and use it as collateral. To trust these group of international thieves with a $100 billion "off the books" loan would be ludicrous.

I trust the IMF as much as I would trust Bernie Madoff with our money. At least Madoff is already in jail.

Mr. President, stop trying to make friends with everyone in the world. Your are President of the U.S., not the world. You cannot buy friendship with people who just want to pick our pockets and take our jobs.


                

2009 IMF LOGO                                 2010 IMF LOGO