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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. - Embarrassment in
Seoul
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The Komrade Doofus is tring to have it both ways. By that I mean when he first slithered his way into the White House some 20 or so months ago, he went all over apologizing to the rest of the world for America being American. Now, this week in Seoul he was blaming the rest of the world for causing America's economic problems.
ReplyDeleteI really doubt that he knows what he is for or against. But he is not above blaming anyone and everyone else for our problems, except himself and his congressional sycophants (Pinocchio Pelosi, Scary Reid, and Bawney Fwank) of course.
But never fear: November 2012 is just 2 years away and then we can rid ourselves of this greenhorn we laughingly call a president.
Scottiebill
"Mr. Obama and Treasury Secretary Timothy Geithner came to Seoul blaming the rest of the world for U.S. economic weakness." As far as I know, this is the only way Community Organizers function: blame others for your weaknesses and threaten if they won't go along with your demands. I am hard pressed to believe that the Mook has any knowledge of economics, and the fact that Geithner is challenged by TaxCut puts him in the same league.
ReplyDeleteYeah, SB, the good news is the next general election is only two years away. The bad news is that the next general election is all of two years away and the Republicans are already starting to sound like whipped puppies.
- Skyhawker, Doug