Obama Pledges US Financial Support to Bail Out Greece

Now Obama wants us to bail out Greece.

Protesters from a communist-backed union protest near the Greek Parliament seen in the background during an anti-austerity protest in Athens, that several thousands people took part in on Friday, June 3, 2011. Greece is poised to receive the next installment of its bailout facility, and will likely get further rescue loans to prevent it from defaulting on its massive debts, European officials said Friday. The banner reads ‘general strike.’ (AP/Petros Giannakouris)

After tripling the US deficit and with unemployment at 9.1% President Obama pledged US financial support to bail out Greece yesterday.
CNBC reported:

President Barack Obama on Tuesday urged European countries and bondholders to prevent a “disastrous” default by Greece and pledged U.S. support to help tackle the country’s debt crisis.

Obama, whose political prospects have suffered from persistently high unemployment and ballooning U.S. debt, has pinpointed the euro zone crisis as one foreign “headwind” hitting the U.S. economy.

After a meeting with German Chancellor Angela Merkel, he stressed the importance of German “leadership” on the issue – a hint that he expects Berlin to help – while expressing sympathy for the political difficulties European Union countries face in helping a struggling member state.

“I’m confident that Germany’s leadership, along with other key actors in Europe, will help us arrive at a path for Greece to return to growth, for this debt to become more manageable,” Obama said.

“But it’s going to require some patience and some time. And we have pledged to cooperate fully in working through these issues, both on a bilateral basis but also through international and financial institutions like the IMF.”

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  • american patriot

    Can’t find my copy of Article 1, Section 8 at the moment, but I’m pretty sure that bailing out foreign nations isn’t one of the enumerated powers given to Congress.

  • burt

    No one ever ask me about bailing out Greece. Obama is a thief.

  • Black Sabbath

    Doesn’t Congress have to approve this money or is this yet another way Obama does an end run around the new Congress (who we still have not been able to find after they went into hiding months ago) and do whatever he wants?

  • RaeMarie

    NO! Absolutely NOT!! Congress had better tell him as much.

  • olm

    Absolutely not is right!
    Beyond that, who’s going to bail us out?
    There is onlly one answer to me that is making sense. Obama is not just out to destroy our economy, he’s taking aim at the world. I think that is completely paranoid but how in the hell else are we supposed to see this?

  • gus

    You know what we need. We need Boehner to go gofling with Captain Fukk up.

    That’ll fix things.

  • succotash


  • Mac in NM

    I used to say the country was being run by 60’s people who never came down from their last trip on LSD. It now seems they’ve switched to Crack. Crackheads will sell their own mother; Obama and friends are selling out their own country.

  • Chisum
  • O-bot

    Printing money is fun! Obama is awesome!

  • Granny

    #1 June 8, 2011 at 12:14 pm
    american patriot commented:

    Can’t find my copy of Article 1, Section 8 at the moment, but I’m pretty sure that bailing out foreign nations isn’t one of the enumerated powers given to Congress.

    ALL financial matters in the US must originate in the US House of Representatives, not the White House.

    We can’t even bail ourselves out! Absolutely NO to money for Greece or anyone else. Why should we BORROW money to lend out?

  • gus

    Chisum, Boehner is useless. How fvcking stupid is Boehner?? Being seen on a golf course with Obama is not a wise photo op. The country is in flames, and Boehner is going golfing.

    Do you think they’ll have cocktails at the 19th hole.

  • aprilnovember811


  • Joe Redfield

    I suppose El Presidente expects the grateful Greeks will help bail out California in due course.

  • Chisum

    Gus, I can’t argue the visuals. I do think that Captain Ding Dong demanding strokes is hysterical…and typical.

    One point in Boehner’s favor is that BO’s excuse for not submitting a budget for the last two years is, “Why bother. The House repubs will simply shoot it down.” He’ll moan and wail that the repubs won’t work with him. He’ll play the victim card, big time. Boehner is sort of boxed in.

    Btw, that’s the excuse the dems are using for not submitting their own Medicare reform plan, too.

  • Black Sabbath

    I’m telling you folks right now that Obama would never float this idea unless he had some way to do an end run around Congress or simply plans to ignore them (and the law) entirely like he did with the War Powers Act. What will Congress do in response? Censure him. So what does he care? In the end, you and I lose, not him.

  • Nancy

    We’re in hock up to our eyebrows and this Marxist wants to give away more of our hard-earned money — even though TPTB in Washington are talking about raising taxes on American citizens to steal more money for the government. That makes a lot of sense — if your real purpose is to bankrupt the country.

    Obama is such an ideologue that he can’t let go of the ideology even to save his presidency. He’s still trying desperately to spend us into oblivion in order to save the European welfare state and to turn us into one. And people say this guy can’t be beaten?

    We may not beat him — but only if we can’t coalesce around a halfway decent candidate. This election is going to be about Obama and his attempts to wreck America. If enough people are determined to throw him out of office, even if they have to vote for a less-than-ideal candidate, he’ll be a one-term president, which is what he richly deserves. If people get hung up on “my candidate or no one” we’ll lose.

    Now is not the time to demand perfection. Perfection is the enemy of good enough. Not one Republican candidate would have done what this man has done to us. Remember that on election day and vote. You won’t have another chance if Obama wins a second term.

  • http://biggovernment ponderon

    This man is so clueless, we can’t pay our own bills,but he wants to pay someone elses. All the elite education in the world didn’t help this empty-suit.

  • Black Sabbath

    Why aren’t we marching yet?

  • Don Rodrigo

    Beware of Greeks bearing demands for gifts.