Posted on 11/12/2010 4:32:29 PM PST by Hojczyk
Has there ever been a major economic summit where a U.S. President and his Treasury Secretary were as thoroughly rebuffed as they were at this week's G-20 meeting in Seoul? We can't think of one. President Obama failed to achieve any of his main goals while getting pounded by other world leaders for failing U.S. policies and lagging growth.
The root of this embarrassment is political and intellectual: Rather than leading the world from a position of strength, Mr. Obama and Treasury Secretary Timothy Geithner came to Seoul blaming the rest of the world for U.S. economic weakness. America's problem, in their view, is the export and exchange rate policies of the Germans, Chinese or Brazilians. And the U.S. solution is to have the Fed print enough money to devalue the dollar so America can grow by stealing demand from the rest of the world.
President Barack Obama walks off the stage with Secretary of Treasury Timonthy Geithner But why should anyone heed this U.S. refrain? The Germans are growing rapidly after having rejected Mr. Geithner's advice in 2009 to join the U.S. stimulus spending blowout. China is also growing smartly having rejected counsel from three U.S. Administrations to abandon its currency discipline. The U.K. and even France are pursuing more fiscal restraint. Only the Obama Administration is determined to keep both the fiscal and monetary spigots wide open, while blaming everyone else for the poor domestic results.
(Excerpt) Read more at online.wsj.com ...
Just makes me smile a mile. Why, it was just such a short time ago when the smarmy liberals were telling us how concerned they were that President Bush would make the U.S. look bad abroad. HA! The whole world is LAUGHING hysterically at Bammo!
Libs blaming others and failing to take responsibility. It's their M.O. -- domestically and internationally, socially and fiscally. It's who they are.
And there ar elaughing at us for electing him.
But IMHO he is the best thing that has ever walked in the WH front doors from a conservative’s standpoint.
Otherwise we would have creeping socialism.
I saw that speech live and I just couldn’t believe the arrogance that Obama displayed. It was jaw dropping. Then Wendell Goler interpreted what went on in the talks by saying it wasn’t what happened, but what didn’t happen. There was no movement from Obama. Obama pulled the same thing with the Koreans that he pulled with the Republicans.
Took 2 yrs for the entire world to hate this moron.
Pray for America
I noticed this morning he was way over on the side, just one or two from the end.
Bump.
To the Zero, Seoul Train ain’t the same as Soul Train
Sounds familiar. He’s still blaming Bush, Republicans, everywhere but himself. The rest of the world is thumbing their noses at him as we have done.
People anywhere cannot abide a traitor, a con man or a liar.
Bammy & Timmy are so wonewy.
Do you think Republicans take responsibility for the increases in federal spending that occurred while President Bush was in office?
Doesn't make me smile. When he embarrasses himself, he embarrasses us. It will talk a long time to restore the global credibility of the USA because of Obama. And that is assuming it can be done at all at this point.
Remember all of the conspiracy theories and hate directed at this group?
http://en.wikipedia.org/wiki/Project_for_the_New_American_Century
The Project for the New American Century (PNAC) was an American think tank based in Washington, D.C.
The PNAC’s stated goal was “to promote American global leadership.”[1] Fundamental to the PNAC were the view that “American leadership is both good for America and good for the world” and support for “a Reaganite policy of military strength and moral clarity
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