The White House says the IMF has substantial resources with which to deal with Europe and...


The White House says the IMF has substantial resources with which to deal with Europe and shouldn't expect anything more from the U.S. "Our position hasn't changed," says WH spokesman Jay Carney, "American taxpayers are not going to make any more commitments to the IMF."
Comments (12)
  • davidingeorgia
    , contributor
    Comments (2661) | Send Message
     
    "Our position hasn't changed," says WH spokesman Jay Carney, "American taxpayers are not going to make any more commitments to the IMF."

     

    Nope...right up until the moment Obama decides to commit more US taxpayer dollars to the IMF. But no, the US taxpayers won't get to make the choice themselves.
    9 Dec 2011, 03:42 PM Reply Like
  • 7footMoose
    , contributor
    Comments (2229) | Send Message
     
    So he says, today.
    9 Dec 2011, 03:43 PM Reply Like
  • wolverine27
    , contributor
    Comments (421) | Send Message
     
    dow at 11200 and the next comment will be how much and in what denomination.
    9 Dec 2011, 03:47 PM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    This is an out and out lie....period...they will give them trillions more before the collapse...
    9 Dec 2011, 04:24 PM Reply Like
  • WMARKW
    , contributor
    Comments (10787) | Send Message
     
    "They will give them trillions" but they will keep it a secret until Bloomberg or Fox uses FOIA to get documents after which they are made public then Bernanke will deny the facts.
    9 Dec 2011, 04:29 PM Reply Like
  • nobby73
    , contributor
    Comments (1176) | Send Message
     
    Tax payers Dollars don't even come close to covering US government expenditures. Any money for oversees loans eg IMF are funding via the Fed with newly created Dollars. It has zero impact on the deficit.

     

    In fact, given that the dual deficits in the US are higher than the Eurozone, the idea that "rich" USA is bailing out "poor" Europe is a joke. The fact is that the "rich" in Europe do not want to buy their own government's debt because they know it is a poor deal.
    9 Dec 2011, 05:10 PM Reply Like
  • Christopher Mahoney
    , contributor
    Comments (1288) | Send Message
     
    Obama can't contribute to the IMF because it requires the GOP House to pass the appropriation. The Fed has no authority to contribute to or even to lend to the IMF. That is the Treasury's bailiwick.
    9 Dec 2011, 07:58 PM Reply Like
  • RMF - Rethinking Modern Fin...
    , contributor
    Comments (165) | Send Message
     
    Europe needs funds and 20 percent of American exports go to Europe. So, unless the US lets the Chinese provide funding to Europe (who will then and steal the US export business to Europe), US will have to contribute. The mechanism and the timing may be in question but not the contribution. There is no other way the math works out!
    9 Dec 2011, 09:27 PM Reply Like
  • hondomeade
    , contributor
    Comments (9) | Send Message
     
    It is true that the House is not going to fund, but the "FEDs" ability to spend is the question. That is, did anyone in Congress agree with the (?) possibly Trillion(s) of $ spent in "Europe" during the housing/financial debacle?

     

    No one, including Congress, knows what is going on with the FED and Goldman, et.al....................
    9 Dec 2011, 10:43 PM Reply Like
  • hondomeade
    , contributor
    Comments (9) | Send Message
     
    I am an Old Texan Vet that likes the orginal concepts of individualty and responsibility. I do not want people telling me what size commode or what light bulb I must have to fufil their desires. For, I do not care about what "air headed liberals" desire. Let them do their thing and do not make demands on the ones that disagree.

     

    But, that is not the way of Marxist, et.al...............
    9 Dec 2011, 10:56 PM Reply Like
  • Vet4RonPaul
    , contributor
    Comments (81) | Send Message
     
    I am with you hondomeade! It's bad enough we have half of America here illegally or asking for money they didn't earn and now we get to fund the EU via EU run country-clubs like the IMF. What a lousy joke. Time to End the Fed too.
    From another vet.
    10 Dec 2011, 08:49 AM Reply Like
  • Vuke
    , contributor
    Comments (1662) | Send Message
     
    It's all BS, smoke and mirrors in a shell game of ponzi currencies.
    10 Dec 2011, 10:58 PM Reply Like
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