Billions To Countries That Don’t Like America? Obama’s Billions For Jihad

From: http://theobamafile.com/ObamaLatest.htm

 

Obama’s Billions For Jihad

Obama’s 2009 Supplemental Appropriations for Iraq, Afghanistan, Pakistan, and Pandemic Flu was revised and “passed by the full committee.”  Not sure what the next step is, but based on the summary, it gives billions of U.S. taxpayer dollars to countries and entities that support Sharia law and/or harbor, hide and support those who want to destroy the U.S. and our allies.

Read the summary from David Obey’s office that was quietly released last week with nary a word from any media.

•  $3.6 billion, matching the request, to expand and improve capabilities of the Afghan security forces

•  $400 million, as requested, to build the counterinsurgency capabilities of the Pakistani security forces

•  Afghanistan: $1.52 billion, $86 million above the request

•  West Bank and Gaza: $665 million in bilateral economic, humanitarian, and security assistance for the West Bank and Gaza

•  Jordan: $250 million, $250 million above the request, including $100 million for economic and $150 million for security assistance

•  Egypt: $360 million, $310 million above the request, including $50 million for economic assistance, $50 million for border security, and $260 million for security assistance

•  Pakistan: $1.9 billion, $591 million above the request

•  Iraq: $968 million, $336 million above the request

•  Oversight: $20 million, $13 million above the request, to expand oversight capacity of the State Department, USAID, and the Special Inspector General for Afghanistan to review programs in Afghanistan, Pakistan and Iraq

•  Lebanon: $74 million

•  International Food Assistance: $500 million, $200 million above the request, for PL 480 international food assistance to alleviate suffering during the global economic crisis

•  Refugee Assistance: $343 million, $50 million above the request, …including humanitarian assistance for Gaza. Funding for the UN Relief and Works Agency programs in the West Bank and Gaza is limited to $119 million (Note: Gaza = Hamas)

•  Disaster Assistance: $200 million to avert famines and provide life-saving assistance during natural disasters and for internally displaced people around the world, including Somalia, Zimbabwe, Ethiopia, the Middle East and South Asia

•  Peacekeeping: $837 million for United Nations peacekeeping operations, including an expanded mission in the Democratic Republic of the Congo and a new mission in Chad and the Central African Republic

•  Department of Justice: $17 million, matching the request, for counter-terrorism activities and to provide training and assistance for the Iraqi criminal justice system

The mainstream media remains silent on this but the International News has now picked up the story — and then there is Obama’s $108 billion IMF bailout scheme in addition to the Supplemental.

 

Obama’s $108 billion IMF bailout scheme

By Michelle Malkin  •  May 13, 2009 02:38 PM

I love how this works: Barack Obama pledged $100 billion in foreign aid to help bail out the ailing International Monetary Fund in April. Only after he announced it did he go to Congress and make his case for the money. And yesterday, Obama water-carriers on the Hill cooked up a fuzzy math scheme to make it all work. Voila! $108 billion = 0:

Congressional leaders agreed Tuesday to calculate the cost of a new U.S. contribution to the International Monetary Fund in a relatively inexpensive way, paving the way for possible Congressional approval within weeks.

The Obama administration has pledged a $108 billion contribution to the IMF, as part of a $500 billion global boost to IMF resources. The White House has argued that this is a necessary contribution to global financial stability and would send a signal that there is enough money to help prevent struggling countries from becoming further enmeshed in economic crises. Congressional approval would put pressure on European nations, China, Brazil and others to increase their lending to the IMF.

But the U.S. contribution became entangled in arcane — though politically important — budget math. The White House had argued that the action shouldn’t be characterized as a $108 billion expenditure, which would make it difficult to sell at a time when Congress has recently passed a series of multibillion-dollar spending bills.

The U.S. wouldn’t provide a lump sum, but would essentially make a line of credit available to the IMF, which the fund could draw on when it needed to make loans to other countries. In theory, the U.S. would hope to get the money back. So the White House argued that the budgetary impact should be calculated at zero.

“Would hope to get the money back.” Owww. Getting stomach cramps from laughing so hard.

The WSJ has more on the conjuring here.

http://michellemalkin.com/2009/05/13/obamas-100-billion-imf-bailout-scheme/

 

Whatever happened to the statement by Obama of “We can’t just keep throwing money at the problem?”

 

 

 

Federal Reserve Cannot Account for 9 Trillion Dollars!

 

 

From MoneyNews.com

 

Federal Reserve Cannot Account for $9 Trillion

http://moneynews.newsmax.com/financenews/feds_lost_nine_trillion/2009/05/12/213463.html

Tuesday, May 12, 2009

By: Julie Crawshaw

 

 

The Federal Reserve apparently can’t account for $9 trillion in off-balance sheet transactions.

 

When Rep. Alan Grayson (D-Orlando) asked Inspector General Elizabeth Coleman of the Federal Reserve some very basic questions about where the trillions of dollars that have come from the Fed’s expanded balance sheet, the IG didn’t know.

 

Worse, nobody at the Fed seems to have any idea what the losses on its $2 trillion portfolio really are.

 

“I am shocked to find out that nobody at the Federal Reserve is keeping track of anything,” Grayson says.

 

Grayson asked Coleman if her agency had done any research into the decision not to save Lehman Brothers, which “sent shockwaves through the entire financial system,” Coleman said it had not.

 

“What about the $1 trillion plus expansion of the Federal reserve’s balance sheet since last September?” Grayson asked.

 

“We have different connotations,” Coleman replied. “We’re actually conducting a fairly high-level review of the various lending facilities collectively.”

 

Translation: Nobody at the Fed knows where the money went.

 

Do you know what who got the $1 trillion or more in the Fed’s expansion of its balance, Grayson pressed.

 

“I do not know. We have not looked at this specific area at the particular point on that specific review,” Coleman answer.

 

What about the trillions of off-balance transactions since last September, Grayson asked.

 

Coleman demurred again, saying the IG does not have jurisdiction to audit the Federal Reserve.

 

Grayson pointed out that it was the inspector general’s job to audit such spending and asked again if the office had done any investigation at all.

 

Coleman’s answer: Not enough yet to even respond. “We are in not a position to say if there losses.”

 

Grayson concluded, “I am shocked to find out that nobody at the Federal Reserve, including the inspector general, is keeping track of this.”

 

Meanwhile, Federal Reserve Chairman Ben Bernanke says the bank is working on ways to rein in the massive balance sheet commitments.

 

“A majority of the members who made these projections just recently took 2 percent as being an appropriate number” for inflation, Bernanke said Monday.

 

“Somewhere between 1-1/2 to 2 percent is basically the number that our committee has individually stated is the appropriate medium-term inflation rate.

 

“To achieve that we need to demonstrate that we will be able to exit from the balance sheet position that we currently have, and have been working on this intensively,” Bernanke said in response to questions after a speech to a conference organized by the Federal Reserve Bank of Atlanta, reported by Reuters.

 

 

 

 

End note:

1.  The Federal Reserve has “boosted” balance sheets to atone for the economic “crisis” America is suffering, but does not know WHERE the money went?

2.  Is ANYONE in the Obama Administration knowledgeable about the “missing money”?

3.  Obama wants to monitor banks payment to employees and executives, but does not follow his own “money trail” via Tim Geithner (Geithner used to be part of Federal Reserve)?

4.  Geithner is allowed to stress the banks in America, yet does not utter one word about the missing money at the Federal Reserve?

Does anyone besides me see the utter hypocrisy here?

Obama’s Economic Advisor Reich: Jobs not just for White Construction Workers. Rangel to push Criteria For Governors To Mandate Stimulus Funds!

Explosive Video Robert Reich, Obamas economic advisor doesnt want recovery jobs for “White Male Construction Workers”

Charlie Rangel says Middle class wont fight back

Charlie Rangel and Robert Reich are conspiring to ensure SOCIAL ENGINEERING and WEALTH REDISTRIBUTION

 

 

 

 

 

So for the middle class who are working hard; they “won’t notice”?

Engineering and stating MANDATES for Governors and State Legislature as to WHERE the Stimulus money can go?

Where is the American outrage over this?

Oh, yeah, the MSM’s are keeping this hidden from a majority of Americans!