Tuesday, June 16, 2009

Bailing Out The World?? UPDATE: CALL NOW!!!

That's what Obama and the Democrats want to do:

Erick Erickson at RedState has a list of Blue Dog Democrats that have opposed the Obama administration's $100 billion bailout of the International Monetary Fund, but who are now wavering.  Why?  According to Erick's sources, Obama chief of staff Rahm Emanuel has come to Capitol Hill as Monty Hall, playing Let's Make a Deal to get the IMF bailout passed.

Even if we could afford all of the cash we've spent bailing out our own financial institutions, we can't afford to bail out Europe at the same time.  The IMF bailout would do nothing for our own financial strength; in fact, as a breaking report from the Wall Street Journal shows, we'd essentially be funding an attack on the dollar:

Brazil and Russia are set to unload U.S. Treasury bonds as they acquire $10 billion each of new International Monetary Fund securities designed to bolster the institution's aid programs, officials in the countries said Wednesday.

The moves are part of a bid by the so-called BRIC nations — Brazil, Russia, India and China — to play a bigger role at the IMF and other international institutions. The announcements helped push Treasury yields to their highest level this year on concern that rising U.S. debt has hurt T-bill demand among big holders of U.S. dollar reserves.

This was a few days ago, and it sounds like the vote is taking place today.  Your voice is needed ASAP:

According to the online left, House Majority Leader Steny Hoyer is whipping Republican votes for H.R. 2346, the 2009 Supplemental Appropriations Act.

You need to get your members of Congress to toe the line on this. We need to defeat this bill.

The GOP had been signaling it would vote en masse against the legislation. That Hoyer is getting Republican votes means he can't get enough Democrats to go along with bailing out European banks.

Folks, this is bad news.

Go here. Put in your zip code in the box on the right. Get your Congressman's name and direct phone number.

Call and tell your Congressman to vote NO on H.R. 2346.

We cannot have Republicans voting to bail out European banks via the International Monetary Fund.

Dial.

There's my two cents.

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