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Bailing out the European Union

January 13, 2012
Phyllis Schlafly, Eagle Forum
1/11/2012

It was bad enough when President Obama bamboozled Congress into passing a Stimulus bill that didn’t produce any jobs, then increased the federal deficit in the 2012 omnibus spending bill, then raised the debt ceiling, then bailed out the big U.S. banks, then tried to bail out his pal Solyndra to try to save it from bankruptcy, and then appointed a Jobs Czar who creates jobs only in China. But it’s over the top when Obama told the European Council President and the European Commission President that “the United States stands ready to do our part” to bail out Europe.

Bailing out Europe is absolutely not any “part” of “our” duty; we’ve already bailed out Europe more times than it deserves. Obama didn’t give specifics, but he was probably referring to recent proposals to pour more U.S. cash into the International Monetary Fund (IMF) to be used to bail out Europe.

And now… the rest of the story. …..

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