Europe Slams Obama's Stimulus Plan; History Shows Obama's Plan is Ass Backwards

MISH'S Global Economic Trend Analysis ^ | 062310 | Mike Shedlock

[Fred]

President Obama is hanging out to dry all by himself as ECB president Jean-Claude Trichet, German Chancellor Angela Merkel, and British Prime Minister David Cameron are all wisely going ahead with austerity measures instead of the stimulus measures that Obama and his Keynesian clown advisors want.

[Fred]

And reduce capital gains taxes.

[VeniVidiVici]

[Fred]

And now the Europeans are the fiscal conservatives, and clever ones too. Obama’s administration is imploding. This is what happens when we the people elect a red diaper doper baby (who has no idea what reality is) to the office of POTUS.

[El Cid]

It is really embarrassing when the life-long socialists in Western Europe turn out to be more fiscally responsible than your own Nation - that traditionally has favored free enterprise, capitalism, less government interference (at least in theory)...

I'll have to mimic the New Orleans 'Aints fans of yore, and start wearing a paperbag over my head.... A sad day when I can get lectured by the Euroweenies...

[ding_dong_daddy_from_dumas]

[phockthis]

sfl