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hi, who me. Have you noticed Clinton's latest plan for being a hero again? He's given up on the "fire missles at medicine factories" strategy, so now he wants to save the world's industriallly developing nations from long-term economic pain and suffering. Correction: He wants You to save the world's developing industrial nations. Hence, he wants you to forget about the 24 Billion that the IMF handed to Russia, which promptly disappeared, and not one penny can be accounted for.
But Clinton wants more: Much more. You see, Clinton feels that the problem with the IMF is that its policies hamper its ability to hand out money fast enough: So Mr. Clinton first wants to streamline the giving process: make it faster. Next, Mr. Clinton is asking; nay---demanding that the US House of Representatives approve of re-funding the IMF, to the tune of another $18 Billion into the hands of inept politicians in the world's most ill-run countries: Russia, Malaysia, Brazil, Indonesia, etc. This isn't just monopoly money: This is tax money which is paid by you and me and all working Americans. From the WSJ: "There is talk these days of a package for Brazil that might include a total of $25 billion to $30 billion from the IMF, the World Bank and the Inter-American Development Bank, plus billions more from private and bilateral sources.
And who knows how much more will be given to Russia: Russia, a coutry which openly defied the US in our dealings with Saddam Hussein. Now they run crying for more money, so they can buy more weapons from China. And Mr. Clinton, while ignoring the massacres in Chechnya, wants You and me to fund these weapons purchases. Oh he doesn't say that directly, but that's what's done with the money. It sure wasn't used to bail out Russian banks, or pay back Russian national government debt. They defaulted on the debt, and spent the IMF money by doling it out to corrupt politicians and also on the military purchases.
And Mr. Clinton thinks all of this is just ducky, because meanwhile he paints himself as a hero. We'll see. |
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