Obama morphs into Bush; issues signing statement disallowing Congress from auditing IMF, World Bank money grab in war funding bill

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Barack Obama Hand Puppet

Originally uploaded by lindsaybanks

aura wirtes; Obama officially morphs into Bush and cements his role as chief sock puppet of the shadow government by issuing signing statement giving global bankers cover to disregard provision in $106 war funding bill that requires Treasury to report to Congress on activities of IMF, World Bank .

Obama issues signing statement on $106B war bill
By Michael O’Brien
Posted: 06/26/09 05:37 PM [ET]

President Obama signed the $106 billion war-spending bill into law Friday, but not without taking a page from his predecessor and ignoring a few elements in the legislation.

Obama included a five-paragraph signing statement with the bill, including a final paragraph that outlined his objections to at least four areas of the bill.

President George W. Bush was heavily criticized for his use of signing statements, declaring he’d ignore some elements of legislation by invoking presidential prerogative.

The Obama administration announced in the statement it would disregard provisions of the legislation that, among other things, would compel the Obama administration to pressure the World Bank to strengthen labor and environmental standards and require the Treasury department to report to Congress on the activities of the World Bank and International Monetary Fund (IMF).

“Provisions of this bill…would interfere with my constitutional authority to conduct foreign relations by directing the Executive to take certain positions in negotiations or discussions with international organizations and foreign governments, or by requiring consultation with the Congress prior to such negotiations or discussions,” Obama said in a statement.

“I will not treat these provisions as limiting my ability to engage in foreign diplomacy or negotiations,” he added. Continue reading at LINK – The Hill


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