Mar 29, 2009 11:25am

President Obama’s “European Vacation”

White House press secretary Robert Gibbs jokingly referred to President Obama’s trip to Europe for the G-20, NATO, and EU summits as "our European vacation," and it’s clear that little soothing or relaxing awaits the young president as he prepares for his flight to London.

Over the weekend, the German Der Spiegel obtained a draft communiqué from British Prime Minister Gordon Brown urging the G20 nations to pledge $2 trillion in stimulus. While a Downing Street spokesman told Reuters that this was an old draft and "nothing more than the IMF’s estimate of action already announced," the figure nonetheless reportedly prompted a strong reaction from Brown’s European counterparts.

German chancellor Angela Merkel assailed the "global new deal," the Times of London reports "I will not let anyone tell me that we must spend more money."

Spanish finance minister Pedro Solbes concurred, saying, "In these conditions I and the rest of my colleagues from the eurozone believe there is no room for new fiscal stimulus plans."

This strong reaction comes as President Obama faces the task of lining up his G-20 counterparts to support "concerted action around the globe to jumpstart economic growth," as Gibbs said on Saturday. Another priority: "that we are advancing a regulatory reform agenda to ensure that this crisis never happens again and prevent anything like that in the future."

President Obama can rely upon close allies such as Brown for support, but despite his personal popularity worldwide Mr. Obama is now officially the face of America as it is — not the America Europeans dream about — and thus he faces a tough crowd.

Czech Prime Minister Mirek Topolanek told members of the European Parliament in Strasbourg that "the US Treasury Secretary talks about permanent action and we at our [EU summit] were quite alarmed by that. He talks about an extensive US stimulus campaign. All of these steps are the road to hell."

Even in London, Mervyn King, the Governor of the Bank of England, urged Brown to stop spending

"Given how big these deficits are, I think it would be sensible to be cautious about going further in using discretionary measures to expand the size of those deficits," King told the Treasury select committee on Tuesday. "I think the fiscal position in the UK is not one where we could say, ‘Well, why don’t we just engage in another significant round of fiscal expansion?’"

Southward, at the Progressive Governance Summit in Vina del Mar, Chile, this weekend, Vice President Biden got a preview of some of the worldwide hostility towards the U.S. via Wall Street — and the skepticism towards American capitalism in general.

Brazil’s President Luiz Inacio Lula da Silva complained of those who turned the global economy into "a gigantic casino…In the end, we reject the blind faith in the market."

Biden expressed support for regulatory reform but cautioned that it not go too far. "We should not overreact," Biden said. "A free market still needs to be able to function."

All this plus, of course, global security and terrorism issues, Afghanistan, Pakistan, Iran’s nuclear program, the Israel/Palestine conundrum, the missile defense shield, plus those pesky Russians and Chinese pushing for a new international currency to replace the ailing US dollar.

"It is quite obvious that the existing currency system has not coped with the existing challenges," Russian President Dmitry Medvedev told the BBC this weekend. "We were lucky to have a set of currencies: dollar, euro, and a pound. But in the future this system should be based upon a multi-currency basket, it should also include other regional reserve currencies. If we manage to agree on that, in the future we could talk about creating a kind of a super currency."

- jpt

User Comments

A Democratic Senator defects to the right wing:
“North Carolina Sen. Kay Hagan said Saturday that the budget proposal pushed by President Barack Obama would burden the nation with an annual deficit of more than $1 trillion, a shortfall she deemed ‘completely unsustainable and unacceptable.’”

Posted by: Fascist Hyena | March 29, 2009, 11:27 am 11:27 am

Getting left is not a problem that Barack Obama has.

Posted by: Joe | March 29, 2009, 11:42 am 11:42 am

How can you tell if Gibbs is joking? Seems he is one of the most inept talking heads yet.

Posted by: ConservativeGal2 | March 29, 2009, 11:49 am 11:49 am

The Europeans have been pushing the US to institute regulatory reforms to reverse the mistakes of the last ten years that have led to this disaster, including reversing Gramm-Bliley and the CFMA. They are completely correct. Unfortunately, Obama’s financial team is stacked with these right wing ideologues like Summers and Geithner who are too stuck in their ‘free market’ religion to realize what they have done.

Posted by: Flash Override | March 29, 2009, 11:55 am 11:55 am

I cannot get my head around the idea that it may be Europe that makes the Dems reconsider overspending.
But if France and Germany push back against Obama’s plans, will we once again be hearing they are “Old Europe”?

Posted by: MayBee | March 29, 2009, 11:55 am 11:55 am

I think we Americans are the ones who need a vacation from Mr. O’Babble.

Posted by: Ron | March 29, 2009, 12:04 pm 12:04 pm

Trying to make a left turn out of a roundabout in a right hand car for the first time, is quite a funny experience. Thanks for the memory.

Posted by: Sigmond | March 29, 2009, 12:07 pm 12:07 pm

It isn’t so much that the Europeans oppose spending per se, just that they already have a much more extensive safety net to ride out bad times than we do, and they realize that the cause of the problem was deregulation.
The Obama administration seems bent on trying to bring our finance system back to what it was before the disaster. The problem is that it was the way our financial system worked was the problem.
It has been often said that someone who keeps trying the same thing expecting a different result is clinically insane. There is alot of truth to that.

Posted by: Flash Override | March 29, 2009, 12:13 pm 12:13 pm

Hats off to the Europeans for pointing out the obvious… Germany just found a new fan in me! Our news media is going to wake up as a result of this trip and really see what is happening here in this country.

Posted by: Jon | March 29, 2009, 12:18 pm 12:18 pm

enough of Obama… Lets talk about Joe Bidens daughter and the tape showing her allegely snorting COKE.. reminds me of the non stop cover age of Palins daughter.. wait, we haven’t began to cover bidens daughter have we LMAO

Posted by: Obama and his party of clowns | March 29, 2009, 12:22 pm 12:22 pm

Probably just ‘Global Cooling’ coinciding with Obama’s European visit.

Posted by: DontGet818OnMeNow | March 29, 2009, 12:28 pm 12:28 pm

Obama is foolish….

Posted by: Lumberman_63 | March 29, 2009, 12:29 pm 12:29 pm

I am so embarrassed with the current selection of the koolaid drinkers adminastration. This is with doubt the worst leadership that has ever been in control.
Hussein,Biden,Pelosi,Reid ,Carville,Frank,Gibb,Emanul ???, not enough brain power in the group to fire off a firecracker.
We can only hope that something stops them ASAP!!!

Posted by: bamajim14 | March 29, 2009, 12:30 pm 12:30 pm

Debt is the American Way – even when it’s killing us. Our motto is: “IN DEBT WE TRUST.”

Posted by: beth | March 29, 2009, 12:30 pm 12:30 pm

Odd that no one on this blog yet has called the European leaders obstructionist, defeatist Republicans.

Posted by: Publius | March 29, 2009, 12:30 pm 12:30 pm

Brown&Obama must be on some really awesome drugs. You cannot spend you way out of this Fellas!!!When Brazil’s President has to tell you that your “plan” is crap that is the day you need to fear for all our futures. I cannot pretend to know what the hell Brown is thinking,but Obama is a different story, I’ve got an excellent theory: He’s DYING to see “those dirty, rotten rich #### (who actually WORK for a living and contribute something of value to Society) be forced at the point of wholly Unconstitutional Legislation to(in some cases) give up 90% of the money they have EARNED and give it to people who REFUSE to hold down a job, stop having Children out of wedlock, and have NO concept as to how to live a decent life of value to those around you. Case in Point: The Octu-Mom!!! I’m sure President Obama would have NO problem cutting Her worthless Butt a check every month on the backs of other Family’s who live within their means, and only have as many Kids as their incomes allow(like myself) Where’s the 1,960,000 MILLION $$$ to put her 14 Kids through College going to come from Mr President??? I’m sure true to character you’ll bend over backwards to give away The Peoples $$$ to reward the totally irresponsible behavior of Nadia Sulaiman and THOUSANDS of others like her. Maybe I’ll just get around to paying my Taxes this year when I feel like it. And maybe I would encourage others to do the same. Nothing like throwing your hard, earned $$$ into the bonfire of Obama’s vanity. Also the thought of my Great-Grandchildren paying the freight for his asinine Utopia makes me physically ill. Mr Obama, you are a Fool!!!

Posted by: M M Shap | March 29, 2009, 12:39 pm 12:39 pm

Something tells me poor Angela Merkel will not be getting her own set of DVDs from Obama.

Posted by: MayBee | March 29, 2009, 12:41 pm 12:41 pm

Pretty scary when Obama’s brand of Socialism is too much even for the Socialists in Europe. Many of their governments are cutting costs and moving to the right as ours is lurching to the left. Even Sweden said they’re not bailing out Saab and were shocked that we were bailing out our own auto companies. Switzerland has already stated that they’re more than happy to help U.S. companies relocate to their country, which is already more tax-friendly, and will be much more so after Obama’s punitive tax policies are enacted.

Posted by: Stacey | March 29, 2009, 12:41 pm 12:41 pm

Obama is a wimp, and the world is catching on. N.Korea about to launch it 1st missiles, Russia is building up it military and won’t help us with Iran, Spain want to file charges against past administrations, Germany, France and the president of the UE thinks Obama’s plan is reckless, Poland who we promised to help is now left with its hands around its ankles and China wants to get rid of the dollar as a standard. All this in the last 3 months. We went from a big bad boy of the world to a pathetic laughing stock overnight.

Posted by: rich | March 29, 2009, 12:42 pm 12:42 pm

Publius, thats because the Europeans are not advocating the Underpants Gnomes Budget.

Posted by: Flash Override | March 29, 2009, 12:43 pm 12:43 pm

Stacey, the personal income tax in Sweden is 51% on incomes above about #175,000. Corporate income is 28% and they tax capital gains like other corporate income.

Posted by: Flash Override | March 29, 2009, 12:48 pm 12:48 pm

Flash Override, Google “RPT-FEATURE-Corporate oil booms in low-tax Switzerland”. It’s a Reuters article.

Posted by: Stacey | March 29, 2009, 12:56 pm 12:56 pm

The Europeans will catch onto old shuck & jive pretty fast…after all, there’s nothing there.

Posted by: corruptfedgovt | March 29, 2009, 1:02 pm 1:02 pm

Obama doesn’t fit their world government agenda. They like the new world “odor”. Corporate control of all.

Posted by: rightbehind | March 29, 2009, 1:05 pm 1:05 pm

Lots of complaining but no solutions. If everyone is so smart and knows what isn’t going to work, tell us what is. Please come up with “the solution” instead of moaning and disparaging over what our President has inherited. No one knows the answer. This meltdown has been a longtime coming, starting with the Reagan administration.

Posted by: CES | March 29, 2009, 1:06 pm 1:06 pm

Why does the left trip over themselves when ***EUROPE*** speaks? What is the left’s infatuation with European opinion? France opposed the war so the American left opposes the war and embraces defeatism. Europe balks at the stimulus, now the American left are confused. Except ‘their’ guy, the most liberal, inexperienced, erratic, punch drunk politician comes in and they have to try to prop him up – just because they know he is the left’s wrecking ball of our country right now. It’s funny how the liberals posting here are also tripping over themselves to prop Obama, our punch drunk giggly president, up.

Posted by: Europe Loving Left | March 29, 2009, 1:07 pm 1:07 pm

With all of the negative comments, the President should develop his “angry face”

Posted by: Matt | March 29, 2009, 1:22 pm 1:22 pm

Obama is always on vacation somewhere. Flies here, flies there – just racking up those gas charges for Air Force One while he tells us to “tighten our belts. ” He is always running away from something but this time those other leaders may set him straight and knock him off the pedestal that the American media have put him on. As for Gibbs, he is a buffoon – one of the worst press secretaires ever… He must have come cheap..maybe just a few glasses of koolaid convinced him to take on responsibilities that he clearly cannot handle.

Posted by: jimbo | March 29, 2009, 1:23 pm 1:23 pm

I hope Europe turns against the Obama/Brown solution of spending, spending, spending. We should be saving and cutting back on all kinds of spending so we can take care of the debt. Obama doesn’t seem to get that and that is where Obama’s inexperience and arrogance gets is costing this country. At a time where we should cut back, he is trying to advance political agendas that will cost billions. As one congressman said, “we’re on a plane and the fuel light has come on indicating we are almost out of gas but Obama is telling the captain to keep flying to a place that is an hour away.” Obama’s thinking is not logical because the plane is going to run out of fuel and crash and burn, never reaching its destination.

Posted by: Ylem | March 29, 2009, 1:28 pm 1:28 pm

Now schedule those speeches before some free rock concerts- rememeber how it worked before and you convinced the media that 200,000 actually came to see No-Bama and not just for the free concerts and beer. 200,000 – imagine that???- and many of them didnt even speak English…wow…the charisma of Obama even transcended language barriers !!!! his eloquence just brought everyone together ……. I can just hear the media now…..already practicing what they want to print to prop up this empty suit. Headlines will read “Obama mesmerizes millions on his magic carpet ride. ” Is Michelle going to or is she going to stay home and garden in her $800.00 outfits ?? Anything for a photo op- thats our Obamas !!!

Posted by: jimbo | March 29, 2009, 1:31 pm 1:31 pm

Concerned too. I do agree that China or any other nation doesn’t need to buy our debt. I am shocked that we are going to extreme here. I hope the democrats are prepared for the backlash.

Posted by: Steve | March 29, 2009, 1:48 pm 1:48 pm

Here is the ONLY fix to this: rather than giving these beloved banks BILLIONS of dollars, if the government gave each AMERICAN equal cash-to pay off credit cards, to pay off houses, car loans etc-THEN we would see the American tax dollar work for EVERYONE not just these banks.
Mr. Obama should think about that.. because the banks would not fail.. providing that WE as AMERICANS could pay off our debt. Billions of dollars to a few banks.. verses BILLIONS to American tax payers.
THAT is the KEY factor in resolving our failing economy. Period.

Posted by: Robert | March 29, 2009, 1:50 pm 1:50 pm

Americans knew that propping-up Wall Street giants would create a fiscal and economic catastrophe. They called their legislators. They emailed Congress and the President and the FED. But, Washington and Wall Street keep each other in power – bailouts flow to Wall Street and campaign contributions flow to Washington. It is a system that is destroying our country. Like the ill conceived wars of the past several decades, this Bailout Blitz, is another PR campaign that never had the support of the American people. The people in power just cannot bring themselves to trust the wisdom of the American People.

Posted by: Amy | March 29, 2009, 1:51 pm 1:51 pm

Buy gold!

Posted by: Huh | March 29, 2009, 1:51 pm 1:51 pm

I see many similarities between Obama and Bush: spending, war, stubborness and unwillingness to listen to others,
only I think Bush was actually more honest when he spoke to Americans.

Posted by: ohiopolitico | March 29, 2009, 1:59 pm 1:59 pm

Obama is always on vacation somewhere. Flies here, flies there – just racking up those gas charges for Air Force One while he tells us to “tighten our belts. ”
Right on, Jimbo! He also said we all have some skin in hte game. Taxpayers have always had our “skin in the game”
It is pathetic what comes from this
goof! I hope we can get rid of this black Jimmy Carter in 4 years and get a real president with real experience, who will listen to the American people!

Posted by: Badboy | March 29, 2009, 2:01 pm 2:01 pm

Well they weren’t stupid enough to buy in to the whole, “house prices can only go up” and “unrestrained growth” policies which we’ve pursued since Reagan’s time, so I’m not surprised they don’t want to throw trillions down the drain like we’re having to.
If Bush & Clinton hadn’t constantly ignored the Europeans calls for increased regulation of the banks and hedge funds we probably wouldn’t be in this mess in the first place!

Posted by: Mark | March 29, 2009, 2:05 pm 2:05 pm

The bail out should have been given under specific conditions not a blank check from the tax payers. How is it legal for a mismanaged company going at a loss to be giving out bonuses which are made possible by Uncle Sam. This is totally ridiculous capitalism practiced in America. The handling of the economic crisis by the Bush administration and by the Obama administration does not inspire any confidence and renders us the laughing stock of the world.

Posted by: gjkotw01 | March 29, 2009, 2:05 pm 2:05 pm

Obama has gone too far, tried to squeeze in too much in too short a time. It’s outrageous that these unprecedented spending bills were passed without even being read. No business would enter into a contract without reading it and analyzing the ramifications – at least no successful business.
I suppose he figured he could squeeze in the main pillars of his agenda to re-organize our society and that he’d better do it fast before we realized what was happening.
I pray that we can recover from what has already been done by our so called representatives.

Posted by: suziQ | March 29, 2009, 2:09 pm 2:09 pm

Well, this should make the conservatives like Obama even more! After all, they don’t want America to turn into another Europe, and this shows that we aren’t! See, that, right wingers? Aren’t you happy? We’re not going down the European road of “socialism”. Anyways, Tapper is having a field day smearing Obama again. I wait patiently for the day he writes something positive about our president. I think I’ll be waiting a long, long time. What’s missing form the report is that right wing governments have come into power in Europe, and they are about to destroy that one last place of economic refuge as they did here. Sweden is letting Saab die, for example, and that’s going to literally destroy the country… But, they don’t care. They are conservatives!

Posted by: Mike | March 29, 2009, 2:14 pm 2:14 pm

No, the President is’nt doing too much. It’s doing what should’ve been done in the past 8 years…..if it had been done then, there would’nt be the need to do it now….The ‘other’ administration ran the economy in the Gutter, and rode back to Texas to collect his ‘sociolist pension” paid by taxes.

Posted by: sngeorgia | March 29, 2009, 2:14 pm 2:14 pm

Europe is a good place for Obama. Maybe he’ll make it the first stop on a 4 year long world tour.

Posted by: obama=socialism | March 29, 2009, 2:19 pm 2:19 pm

When I saw the title, I thought of that idiot clark w griswold.
Open the article, bam, there is the picture. Too funny.
I wouldn’t equate him to clark though, more like cousin eddie. That is a true comparrison.

Posted by: sage | March 29, 2009, 2:21 pm 2:21 pm

Looks like presdient Dumber Than Dirt and his Treasury Secretary, Dumber Than Dirt 2, aren’t going to get the warm greeting they were expecting. At least the Europeans realize giving away the crown jewels only buys votes from the freeloaders in America and will contribute nothing to the economy here or anywhere else!

Posted by: jaki30 | March 29, 2009, 2:25 pm 2:25 pm

The media talks about the crowds of adoring fans Obama will see around the world(and I’m sure that’s what the focus of his European Vacation coverage will be). Why not charge admission to his appearances and use the proceeds to fix our financial problems??

Posted by: obama=socialsim | March 29, 2009, 2:29 pm 2:29 pm

This is an important time for President Obama, our nation and the world. The G-20, NATO and European Union Summits give most nations an opportunity to voice whether they want to continue our failed economic system that increases the cost of just about everything and keeps people in stress, bondage, disease and uncertainties or they want to choose a better system.
God warned against debt, interest, insurance, gambling, and seeking after riches and honor; and now we see why. The employment system has caused the world problems including reoccurring financial crises and pollutions of air, land, water and food. These problems cannot be solved with more money or greener businesses. If we acknowledge our errors, we can turn to a garden paradise lifestyle where our time is our own to repair our homes and our neighborhoods and plant trees and plants and choose pets that provide fresh food in our neighborhoods; it can solve the world problems at the same time.
It is interesting that these major decisions are to be made in God’s Passover season, (Exodus 12). Peoples of religion will say that God makes decisions for the future based on the obedience to His commanded feasts and memorials. Evidence shows that peace broke forth after Passovers in history. The laws of Passover can be kept without the animal sacrifices. The Apostle Paul said to keep the Passover in 1 Corinthians 5:7, 8. Jesus said to live by every word of God in Matthew 4:4 and the primary message through Muhammad is to follow the whole Bible. Qur’an 42:14-16 Ahmad Numbers.
The nations of the world are brought together in the G-20, NATO and EU Summits to choose the future of the world. Three hundred cities around the world celebrated Earth Hour by turning out the lights for one hour to signify the danger our world is in. They followed the United Nations’ call for Earth Hour, not ordained by God. Can these same leaders, see a necessity to follow the commands of the God who has proven His word to be true. He calls for two feast days of no work; is that so hard? Leviticus 26 and Deuteronomy 28 are God’s promises of rain in due season and abundant crops and prosperity of man and animal for obedience or 4 X 7 curses for disobedience. Total destructions are promised if we fail to choose His wisdom; we are on the verge of more war in many new areas.
The leaders of religion and government must admit they have not followed God’s word to their prophet and that the judgment that we see of financial ruin, droughts, floods, earthquakes etc are our rightful reward for seeking after riches and honors on the backs of other people. We have created a hateful society, eager only for more money and toys; yet God wants us to choose His word and see love, helpfulness and charity as a way of life. What will the people of the world call for? What will President Obama and the other world leaders recognize as the way to a secure future, God’s wisdom, or man’s?

Posted by: Marie Devine | March 29, 2009, 2:29 pm 2:29 pm

Go Obama… teach them how its done

Posted by: teacher | March 29, 2009, 2:33 pm 2:33 pm

It is funny that all those who poke and jab at Obama and his plans have no real cohesive alternative…I would rather follow someone with a sound logical plan and a vision to pull us out of a crisis than those who have none. Republicans have no plan. Neither do the Europeans.

Posted by: indy_voter | March 29, 2009, 2:46 pm 2:46 pm

Debt is the thing Washington and Wall Street are experts at. They also know exactly how to scratch each others backs. Somebody said our country’s motto is: “In Debt We Trust” – it’s true and very sad.

Posted by: carrie | March 29, 2009, 2:51 pm 2:51 pm

Europe has tried the spending thing and are ahead of us and now are marching in the streets. I wonder where we will be in this country when Obama supporters finally realize that MORE SPENDING is no answer. Bush and Clinton tried spending and year after year the economy grows worse as more spending is added. Bailing out companies that have made trillions off citizens, while the citizens are struggling is no answer. Our government is and has been out of touch with its citizens for years.

Posted by: KateSue | March 29, 2009, 3:06 pm 3:06 pm

Why Obama and the Democratic Party will ultimately fail to improve America:
- You cannot bring about prosperity by discouraging thrift.
- You cannot strengthen the weak by weakening the strong.
- You cannot help little men by tearing down big men.
- You cannot lift the wage earner by pulling down the wage payer.
- You cannot help the poor by destroying the rich.
- You cannot establish sound security on borrowed money.
- You cannot further the brotherhood of man by inciting class hatred.
- You cannot keep out of trouble by spending more than you earn.
- You cannot build character and courage by destroying men’s initiative and independence.
- And you cannot help men permanently by doing for them what they can and should do for themselves.
The Ten Cannots, Rev. William J. H. Boetcker, 1916

Posted by: Stacey | March 29, 2009, 3:21 pm 3:21 pm

It’s amazing how fast the Neo-Cons spin, switch directions and spin again. One second they want Europe to mind their own business; the next Neo-Cons endorse Europe’s comments. Republicans had eight years with six of them in TOTAL control. They have taken our country to the brink of economic disaster. The last thing America needs to do is listen to anything that a Republican would agree with.

Posted by: dan | March 29, 2009, 3:23 pm 3:23 pm

Looks like our “liberal” allies are smarter economists than the U.S. and realize you cannot spend your way to prosperity.

Posted by: jim 234 | March 29, 2009, 3:26 pm 3:26 pm

Hey Dan, it was democrats and their stupid theory that every poor person should have a home wherer or not they can afford it that caused this mess.

Posted by: Pepsiholic | March 29, 2009, 3:30 pm 3:30 pm

The Europian participate in the free for all economy they must also pay for the fixation too.They want the USA to bail them out again like WW1 and WW2.If Obama do the european solution then capitalist will be history is that what you want GOPers? silence I didn’t think so.

Posted by: belle | March 29, 2009, 3:30 pm 3:30 pm

i should of looked more into what obama was really about. i listened to the the media, and now were paying for it. i own a small bussniness, and becuase our taxes are higher, i already had to lay people off. but what the hardest thing to do was, picking who to lay off. whoever had an obama sticker on their car, or not american car was laid off/fired. i regret voting for this president.

Posted by: unhappy | March 29, 2009, 3:41 pm 3:41 pm

Europe – please keep him!

Posted by: Marcus | March 29, 2009, 3:48 pm 3:48 pm

jpt writes:
“the young president … ”
Get a grip: He’s nearly 50.
Der CHANGEling is simply “baby-faced” — like teevee person Glenn Beck, for example.
As for skepticism about “American capitalism”, the “too big to fail” system that funnels all the wealth into the corporations is fascism, and it pretty much assures that ordinary citizens are “too small NOT to fail”.
At the G20, Der CHANGEling can get a clue about the demonstrations He’ll soon see at home … except that the Brits have tasers, and “our” police have military equipment.

Posted by: Pants on Fire | March 29, 2009, 3:49 pm 3:49 pm

“i regret voting for this president.”
How many MILLIONS regret voting for Der CHANGEling? And how many of His media mouthpieces are now losing sleep over having promoted the flim-flam candidacy of this mob-friendly fraud?
(I voted for Nader.)

Posted by: Pants on Fire | March 29, 2009, 3:55 pm 3:55 pm

Europeans are right. NO MORE SPENDING !!!

Posted by: CW | March 29, 2009, 3:57 pm 3:57 pm

The europeans are acting cleverly. They know we and china will spend lots of fiscal money to get the wheels once again spinning.
They sit back and suck on the fruit we give them.

Posted by: ving | March 29, 2009, 4:01 pm 4:01 pm

“JUST DOUBLE OR NOTHING” If we lost, then start looking for WMD in Europe. Fair enough ??

Posted by: Swiftlearner | March 29, 2009, 4:02 pm 4:02 pm

I thought he was “President of the world”, looks like the world wants a recount. (And the blame Bush crowd will begin to craw in 3…2…1…NOW!)
Funny how they aren’t bringing up Bush anymore? Oh right, HE’S NOT President!!!
Welcome to primetime Barack!

Posted by: hmn... | March 29, 2009, 4:06 pm 4:06 pm

The continued deficit spending is rationalized by what may no longer be a valid assumption: that our GNP or GDP will continue to grow at a predictable rate. That may not be true anymore.
Just as the credit crises was precipitated by the incorrect assumption that housing values will continue to increase, so will this deficit spending precipitate another larger crises. I call it the debt crisis. The debt crises will have two major components: 1. too much government debt and 2. too much consumer debt. Unfortunately, the government can’t fix either of those problems.
If consumers cannot dig their way out because they are burdened by more and more taxes, the economy will not recover.
Also, consumers have taken major hits to their creditworthiness because so many credit card companies have lowered their credit lines, reducing their credit scores and making it less likely they will qualify for loans. In addition, consumers are changing their attitudes towards credit card debt, having been burned with outrageous fees and lowered limits they are also cancelling their accounts. The result is that even those with relatively good credit and jobs and just saying NO to using credit cards and spending beyond their means.
In addition, huge numbers of people having lost their jobs have gotten behind in their mortgage payments and/or car payments and it will take those people 7-10 years to re-establish credit (provided they get a job).
So exactly who is this group of consumers that are going to spend our way out of this recession? I guess that would be the rich. But there’s only one problem with that. The rich spend at a constant rate and they are certainly not going to increase their spending just because the rest of us are pulling back.
Any way you look at it , the math adds up to disaster down the line.
We are in big trouble because we cannot produce enough, spend enough, or pay enough taxes to pay for all the money our government is promising to spend.

Posted by: linda | March 29, 2009, 4:08 pm 4:08 pm

Carrie: I modified your comment — Debt is the thing Washington (DEMOCRATS & REPUBLICANS) and Wall Street are experts at creating. They also know exactly how to scratch each others backs. Somebody said our country’s motto is: “In Debt We Trust” – it’s true and very sad. — And, destructive.

Posted by: john | March 29, 2009, 4:08 pm 4:08 pm

It looks like Obama isn’t going to do the Power Grab over in Europe like he’s done the Power Grab in America. Europeans recognize him for what he really is and in the meantime Americans are still mesmerized by his complete line of bull.

Posted by: Linda | March 29, 2009, 4:13 pm 4:13 pm

obama is going to get spanked in Europe.
I am sure he has people working overtime to create positive spin on this.

Posted by: linda | March 29, 2009, 4:21 pm 4:21 pm

An old wise man once said, “You can fool people for about 15 minutes with your charm. After that, you better know something.” I don’t know, this story just brings that to mind.

Posted by: LongT | March 29, 2009, 4:24 pm 4:24 pm

Thank You Stacey for your 3:21 post. Well done and well said Rev. William J. H. Boetcker.

Posted by: Gee | March 29, 2009, 4:31 pm 4:31 pm

Looks like they’re upset because President Obama doesn’t want to play globalism.

Posted by: rightbehind | March 29, 2009, 4:39 pm 4:39 pm

I think the world is dis-enamored with the global president… they see him now for his lack of experience. Not only is he he leading our country into bankruptcy, he will take other countries down with him.

Posted by: Fran | March 29, 2009, 4:39 pm 4:39 pm

Looks like the “Frenchy Republicans” have no life…what are you doing whining on here on a sunday..have no family or friends??? What have you got to complain about///Stock markets up, housing up, loans up, manufacturing up, inventories down…slow down in layoffs..It must be painful to have such a slow week….

Posted by: cowgirl | March 29, 2009, 4:44 pm 4:44 pm

Thank You Stacey for your 3:21 post. Well done and well said.
Rev. William J. H. Boetcker.
What scripture are you reading? That post goes against all that Christ taught! Self righteous people hide behind the Bible. Rarely do they understand what is inside.

Posted by: rightbehind | March 29, 2009, 4:46 pm 4:46 pm

The globalist want a new currency and President Obama doesn’t want to play along. This President wants to restore this land to the Great Nation it was before reaganomics.

Posted by: rightbehind | March 29, 2009, 4:50 pm 4:50 pm

The World is in disrepair..while ‘The Satanic Farts’ (The Bush Administration)sit in their ‘counting house’ with the ‘MISSING TRILLIONS’ that went unaccounted for from the Pentatagon Budget. Then they turn around and ‘hyped’ the ‘Weapons of Mass Destruction Joke’ to keep the U.S. ‘spoonfed’ on Iraq/Afghanistan/Bin Laden/Saddam/ while the ‘Pigs in Wolves Clothing’ danced through eight years of the ‘Perfect Crime’…only to leave this on the doorstep of the next ‘patsy’. The question IS why doe’snt OBAMA follow the ‘foulest of odors coming from Bush/Cheney and all those who hit ‘the ultimate lotto’ from 9/11. Why is Obama so O.K. with it all???

Posted by: Bravo Encore | March 29, 2009, 4:53 pm 4:53 pm

Stock markets up, housing up, loans up, manufacturing up, inventories down…slow down in layoffs..It must be painful to have such a slow week….
What rock you been hiding under? People have lost millions from their 401K’s….millions more have lost their jobs….the Auto industry is going down….all since Oblahblah took over. I know…. Bush, blah.blah, last eight years , blah, blah, same crap Oblahblah ran his campaign on. I hope we can get a real president in 4 years and get rid of this black Jimmy Carter before he does too much damage!!! All talk and no substance!!!

Posted by: Oblahblah | March 29, 2009, 4:57 pm 4:57 pm

- You cannot bring about prosperity by discouraging thrift.
- You cannot strengthen the weak by weakening the strong.
- You cannot help little men by tearing down big men.
- You cannot lift the wage earner by pulling down the wage payer.
- You cannot help the poor by destroying the rich.
- You cannot establish sound security on borrowed money.
- You cannot further the brotherhood of man by inciting class hatred.
- You cannot keep out of trouble by spending more than you earn.
- You cannot build character and courage by destroying men’s initiative and independence.
- And you cannot help men permanently by doing for them what they can and should do for themselves.______________________________All of the above sounds cute. Maybe that’s why the revolutions of 1789 in France and 1789 in France took place. If the rich does not understand what’s taking place. They might lose it all.
It’s just that simple.

Posted by: garcia | March 29, 2009, 5:04 pm 5:04 pm

The Europeans aren’t talking about spending their way out of their problems, but they will be. Greek farmers have already forced some with their country wide protests. European populations are demanding that the banks be treated as public utilities. There are tens of thousands of protesters in London _already_ ahead of Wednesday and Thursday’s called actions. There are amazing strike waves across the continent – the UK Guardian newspaper says “revolt is in the air”. The candidate for President of the Revolutionary Communist League in France enjoys a 60% popularity rating.
The fact is that the people of the world are looking for a radical alternative to free market capitalism. and stimulus will be thrown up as a sop, which will be too little, too late.

Posted by: Flash Override | March 29, 2009, 5:05 pm 5:05 pm

” should of looked more into what obama was really about. i listened to the the media, and now were paying for it. i own a small bussniness, and becuase our taxes are higher, ” Who do you think you’re kidding with this line of bull? The tax code has not changed-my taxes are down. I think a few people, the wretched minority, will be eating crow in a couple years but it’s going to take at least that long to see this whole thing play out. As for the EU, they promised helicopters and support for NATO in Afghanistan 4 years ago and still have not delivered. And the few troops they have there will not fight so the Europeans, while great people, are merely talkers. At some point, they can’t be taken seriously.

Posted by: Veteran38 | March 29, 2009, 5:30 pm 5:30 pm

What an ignorant fool Gibbs is calling the European
summit a “vacation in Europe” as if he and Obama
would just walk in and charm everyone.
All of Europe got their number and its leaders have been learning from their mistakes. They are so ill-prepared and will be regarded as the ignoramus with
no good background of anything.
Europe used to admire the USA, now they probably just pity them. They just make rules as they go…

Posted by: disgusted | March 29, 2009, 5:37 pm 5:37 pm

Is Obama going to meeting with French President Jacques Chirac??? The smartest man in the whole wide world! NOT! HA HA HA HA

Posted by: dawglover | March 29, 2009, 5:38 pm 5:38 pm

Garcia – I am not sure where you are coming from, but the statements you quoted, referred to those qualities which has made this country the most prosperous and generous in the world. Capitalism does have its faults, but combined with the Judeo-Christian ethic it has made us a winner and if Obama would just let the system work instead of trying to fix it…… IT WOULD COME BACK!! Cut the corporate tax rate, eliminate the capital gains tax and…. YOU WILL SEE AN ECONOMIC GROWTH IN THIS COUNTRY THAT WILL COMPARE WITH THAT OF THE 1940s!!!!!

Posted by: Jimbo | March 29, 2009, 5:48 pm 5:48 pm

Wall Street and Washington read the same playbook. The title of the book is one word: “Debt”.

Posted by: Cheryl | March 29, 2009, 5:51 pm 5:51 pm

“If the rich does not understand what’s taking place. They might lose it all.”
Interesting. What do you propose be done? Imprison the top 10% of wage earners who pay more than 70% of all federal income taxes? Then who will pay for Obama’s multi-trillion dollar budgets?
Most of the wealthy are wealthy because they’re not stupid. If you put more tax pressure on them, they’ll shelter their income or simply work less. If they’re business owners, they’ll take steps to protect themselves. They’ll cut investment in their business, they’ll fire staff, they’ll close their businesses, or they’ll relocate them in other countries. And there’s nothing Obama or Congress will be able to do to stop them.
Then guess who gets stuck with the tax burden? Since the bottom 50% of wage earners currently only pay 3% of all federal income taxes, it’ll be the working poor and middle class. This isn’t rocket science (except to liberals, apparently). If you hurt the wealthy, you’ll only hurt yourself.

Posted by: Stacey | March 29, 2009, 5:54 pm 5:54 pm

If we go by the thinking of this administration and our current Congress, everyone should use one credit card to payoff another, and just keep using them over and over. Never ending debt!

Posted by: Michiel W | March 29, 2009, 5:57 pm 5:57 pm

There goes the second amendment. This is for real folks!

Posted by: LongT | March 29, 2009, 5:59 pm 5:59 pm

If we’re unable to convince our “good times only” allies to ante up in the pot to get world economy going, we might relapse into protectionism. We might have gotten away with protectiionism before 1929, but you know where that got us and the rest of the world, too. Germany, Spain,
France, the Czech Republic & Russia have very short memories regarding which people and which country helped them rebuild after WW II. AIG is worldwide; if AIG affiliated entities are in their countries and they don’t bail them out, then those countries that say “No economic stimulus packages in MY backyard,” will suffer the economic consequences because the USA has its “finger in the dike” but we’re not going to plug the hole for everyone forever.

Posted by: nanameow | March 29, 2009, 6:18 pm 6:18 pm

The economy is a few principles. It’s to convert the natural world into human biomass and garbage. Listening to this fool named Obama IS the road to hell. He wants to turn the whole world into a trash heap.

Posted by: Mockingbird | March 29, 2009, 6:33 pm 6:33 pm

Where is ABC’s coverage of the Ashley Biden cocaine controversy?
Funny how ABC couldnt wait to smear Bristol Palin, and family on her teen pregnancy.
Here we have who is alledged to be the Vice Presidents daughter whiffing lines on video, and no story? Hilarious.
Come on ABC, your liberal democrat bias is disgustingly on full display once again.How you guys can look at yourselves in the mirror is beyond me.

Posted by: badger | March 29, 2009, 6:54 pm 6:54 pm

When he go out oversea this week, the world leaders are going to give Obama a hard time. He don’t have any kind of foreign policy. He has made US embarrassing since he took office in January. He has a lack of leadership and inexperience.

Posted by: anonymous | March 29, 2009, 6:56 pm 6:56 pm

She’s been a senator for 4 months and she’s already jumping ship. Throw her a donut and let her go. Too green.

Posted by: tendergroins | March 29, 2009, 7:09 pm 7:09 pm

If B.O. and the crooks in Washington that supposedly represent us PASS ANOTHER MULTI BILLION DOLLAR TAX (BAILOUT) ON THE AMERICAN PEOPLE, I FEAR AN ARMED REBELLION OF BIBLICAL PROPORTIONS.

Posted by: Chris | March 29, 2009, 7:18 pm 7:18 pm

We can’t continue to consume, consume, consume like locusts upon the planet. That paradigm has to shift to – save our money, prepare for the repercussions of our misuse of the planet,and repair and replenish what we can of what is left for future generations.

Posted by: M Murphy | March 29, 2009, 7:24 pm 7:24 pm

I am surpised that there isn’t a mention about 500 secret service guys, obable limo and a bunch of helicopters are going to going with obama to england, holly cr-p how much is that going to cost, ego trip

Posted by: pink stocks are a scam | March 29, 2009, 7:25 pm 7:25 pm

LOL bob, but its over kill don;t you think, this guy is a legend in his own mind

Posted by: pink stocks are a scam | March 29, 2009, 7:29 pm 7:29 pm

It is disappointing that President Obama is not going to examine the possibility of an international currency to replace the ailing US dollar. At the very least it is something that should be examined to see if it has any merit.

Posted by: Martin | March 29, 2009, 7:30 pm 7:30 pm

The Tea Party movement is growing as Congress and POTUS continue to show irresponsible spending. We need the era of responsibility to begin BEFORE the 3.5 trillion $ budget nails the coffin shut.

Posted by: fedup_11 | March 29, 2009, 7:37 pm 7:37 pm

OF COURSE Europe is balking — because Obama’s “spend what you don’t have” plans are NOT going to work!! — Raise taxes during a recession?? — How many times has THAT been proven a bad idea!! Geeeezzz!!

Posted by: TheLoyalOpposition | March 29, 2009, 7:41 pm 7:41 pm

Our President has already been rebuffed by two of our enemies abroad that he was going to win over and the result from the meetings with our friends this week are likely going to be the same. He just doesn’t get it and probably never will. He finds a way to get on t.v. every day and his supporters call it transparency. Since when does propaganda and transparency have the same meaning? I am afraid that those that call him an empty suit are correct. He is very good at speaking when reading someone else’s words from a teleprompter but beyond that has shown absolutely nothing. Alas, he has a 4 year contract that can not be broken so it is what it is.

Posted by: Dan | March 29, 2009, 7:50 pm 7:50 pm

I am probably an idiot but I am not one of those that voted him in. He is simply confirming my worst fears. President Roosevelt could not spend us out of the great depression and President Obama can not spend us out of the current one. It will take many years to undo the damage he is doing.

Posted by: Dan | March 29, 2009, 8:06 pm 8:06 pm

Why is Obama starting a war in Afganistan?? THIS is what I really don’t understand. There’s something more going on here, but Haven’t figured it out yet. The LIBS are so anti-military and anti-war…what is BO up to??!!

Posted by: Chris | March 29, 2009, 8:06 pm 8:06 pm

I hope Obama’s economic package is better than his NCAA basketball picks.

Posted by: Bill Hammersley | March 29, 2009, 8:20 pm 8:20 pm

BHO is in serious trouble and he doesn’t realize it. The Russian President has already been through Europe and offering solid economic, industrial, military, and environmental plans. The US brings only feel good, hope, and promise to the table while spending and printing money not there. The Europeans are fed up with the arrogant American dominant imperialistic world domination and policing that has brought them only harder economic times. No, the Europeans are definitely going with the Russians that have a strong economy and global plan. BHO doesn’t care about foreign relations, doesn’t understand foreign countries including South American politics and is going to come home with egg on his face. This is going to be bad for Americans, because BHO represents the American people. Don’t even try to say to me give him a chance look at what he inherited. BHO is as inept in foreign policy as GWB was.

Posted by: clancy49 | March 29, 2009, 8:55 pm 8:55 pm

waite till the 3:00 phone call comes.

Posted by: from Ohio | March 29, 2009, 8:58 pm 8:58 pm

Even the socialist in Europe know Obama’s plan is ignorant. He is simply “redistributing” wealth to corrupt bankers and governments.

Posted by: PresGov | March 29, 2009, 9:10 pm 9:10 pm

People need to remember that Obama came into power two months ago when the whole world was allready in critical condition. The Europeans did nothing to stand up to the Bush administration but instead allowed him to lead the world into the pitiful state that it is in today. Obama should do what he needs to do to get the United States out of this mess and to hell with the Europeans…

Posted by: johnnylee | March 29, 2009, 9:45 pm 9:45 pm

I don’t know what Prez Oboe is up to with additional auto bailouts but let me be perfectly clear: Everyone I know is simply outraged at this blatant spending of OUR tax dollars by our elected officials who “think they know best” when 80% of the constituents oppose continued bailouts. Let the companies fail! That is free market economics! The viable parts of those companies will rebound under new ownership. Maybe it will be non-union and maybe that is what bothers you? No more union support?
Let me tell you, if you support further bailouts for auto companies, newspapers, or a single corner lemonade stand, I fear for the safety of myself and my children. You should, too. You are pushing an envelope that is going to result in civil unrest and riots in the streets. We are going to pay, big time. People are tired of “representative government” which represents nothing but its own self interests. The majority of your constituents want you to vote “x” and you vote “y”? Do you think you are smarter than the combined wisdom of the majority? Who in the hell do you think you are? Wake up and grow a spine. Remember that you work for us; we didn’t elect you think for us but to do our bidding.
Maybe you should vote up the food stamp program… you could be in line after the next election.

Posted by: Chris | March 29, 2009, 10:11 pm 10:11 pm

Bush’s fault. Once we get him out of office, then things will be better…

Posted by: JohnC | March 29, 2009, 10:12 pm 10:12 pm

Just say no!

Posted by: Pineapple | March 29, 2009, 10:19 pm 10:19 pm

Elect another fool like George Bush=world destruction…

Posted by: johnnylee | March 29, 2009, 11:40 pm 11:40 pm

Too much…too soon..gonna cost the Dems the House and Senate in 2010. Only way to stop future melt-down..

Posted by: Parallax View | March 29, 2009, 11:49 pm 11:49 pm

We must remember Bush is not the POTUS anymore obama is trying to be, and he is not doing a very good job nor do I expect him to improve. All he has between those 2 ears is hot air. All he knows how to do is campaign, and he is going to get us in one terrible mess. A big empty suit with a lot of crooked friends.

Posted by: Johnq | March 30, 2009, 12:00 am 12:00 am

Man, it’s only after this guy is elected that the morons of this country realize who they elected. Good job you coward liberals. You put the nail in our coffin.

Posted by: Ryan | March 30, 2009, 12:32 am 12:32 am

How does socialism “feel” now?

Posted by: korf | March 30, 2009, 12:33 am 12:33 am

At least there is some sanity left. Good for Europe. President Obama and the Democrats have gone too far and I will not be voting democrat the second go around.

Posted by: Steve | March 30, 2009, 12:45 am 12:45 am

Thank you Mrs. Merkel! Common sense is a wonderful trait to see! I’d like to see more of it in the USA.

Posted by: Kary | March 30, 2009, 1:14 am 1:14 am

Wonder if anyone can toss a shoe at Obama while he talks to people at the G20 summit. Maybe we can ALL laugh at that when it happens as we did with Bush. For a Trillion dollars at least I can get entertained.

Posted by: ChicagoBob | March 30, 2009, 2:24 am 2:24 am

Gee it takes the rest of the world telling us we elected a fool before we actually take notice? Whats wrong with us?

Posted by: ChicagoBob | March 30, 2009, 2:35 am 2:35 am

I sure wish you cons on here who are cheering and hoping Obama fails realize that you are hoping our whole country fails. You SELECTIVE patriots(when GOP is in power) and traitors (when Democrats are in power) could try to be American for once and even if you don’t agree with Obama, try to be team players and write him to suggest what you would do better or differently. You sure were behind GW Bush when he spent up 9 trillion on waste and useless wars that got us nowhere…and you sure never opened your fat yaps to gripe at Bush for what he did wrong. You flew American flags and called anyone who disagreed with Bush ‘un-American’ and ‘terrorist appeasers’…but now tha t you don’t like Obama suddenly you want him (and consequently all of us) to fail. Why can’t you employ some of that negativity and hate you spew out to use and write to the president and tell him what YOU would do better. He will likely listen to you better than GW listened…(he never listened to anyone)…and you could come up with some new ideas for your party leaders to put out instead of the same old supply side and tax cut dead horse failed ideas that your GOP leaders are still putting out. Since when did you all become such budget hawks? You let GW Bush run up 9 trillion in debt for nothing. And let him and your party run us into a full blown depression. If you want to let all the car companies fail and all the banks fail….and they take down 2/3 of the economy with their failure…then I hope you enjoy the depression that will last 10 years minimum and I hope you enjoy losing YOUR job and your house..because you will if things get worse.
Either get with the program and HELP OUT and be a team player or WE ALL GO DOWN AS A COUNTRY, INCLUDING YOU LOUD MOUTHS who are too dumb to figure out that if you want this president to fail now…by 2010 when you hope to get back into power (which is ALL you care about, you don’t care about our country at all)…there won’t be anything left for the losers in your party who run to even inherit if, God forbid, their sorry selves were somehow elected. And as far as you cheering Europe for being selfish and obstructionist when they sat silent and didn’t say anything to Bush while he was making this economic meltdown that he and your party were silently making on Wall Street….with all the deregulation which was YOUR idea, they didn’t say anything then and they were part of the credit default mess too…but now want to blame it all on us…I say we just turn inward and become isolationist and tell them go to hell..get out of Afghanistan..put tariffs on all their goods and withdraw from the WTO and let the whole world sink into a Great Depression like the 1930s. Let Europe get into a Depression too..because if they sit on things as they are, we will all become like Japan in the 1990s and have a decade long massive loss of GDP and jobs. I’m not saying feed the banks….Obama wants to regulate the banks..but what else can he do but shore up the current system. If he were to shut down the banks and have a government takeover of the banking system, you would all cry ‘socialism’ but now that he is trying to work within capitalism, you still cry ‘socialist’. I swear the man could be God and you’d stil hate him because WHATEVER he does, you’re against him just out of blind, kneejerk love of your reich winger ideology. To “H” with you and with Europe, cons. If I were Obama I’d just pull the plug on bipartisanship and play hardball like your hero Dubya did.

Posted by: JL | March 30, 2009, 3:04 am 3:04 am

Good for the Europeans for seeing through Obama! Some of them have some sense. Too bad the Americans are the fools.

Posted by: Mihann | March 30, 2009, 3:26 am 3:26 am

JL has made the smartest statements I’ve read in an online forum in a long time. It ‘s amusing that suddenly conservatives care what Europeans think and say about U.S. policy. What hypocrites! You may not like President Obama and may have voted against him; at least we have an intelligent president who is trying to address our problems head on. Got better ideas? By all means let your elected officials know. We’re going to be much better off than if we had 4 more years of Bush (translated = McCain presidency/or God help us, Palin presidency).

Posted by: Shaun | March 30, 2009, 4:17 am 4:17 am

Mihann,
You are a riot. You rant for half a page on how twisted and loud mouthed the conservative fascists are (and they are) but then you go and prove that you are no different.
Time for a new direction folks. Leave the radicals behind. Let them scream at each other as long as they want…

Posted by: Pretty Funny | March 30, 2009, 5:11 am 5:11 am

The U.S. economy is helping pull the rest of the world down, and our arrogance is not helping. It’s no wonder they all detest us.

Posted by: Steve | March 30, 2009, 5:36 am 5:36 am

I agree with Shaun, JL’s posting is the most intelligent post I have read here.

Posted by: theafalcon200 | March 30, 2009, 7:10 am 7:10 am

The Europeans know that the Presidents SCHEME is a BAD. That is why they are rightly concerned. Many America outside of the Washington DC beltway knows it is bad.

Posted by: Lara | March 30, 2009, 7:10 am 7:10 am

Oh, it seems we need a leader with some experience.. Doh, too late!

Posted by: Doh | March 30, 2009, 7:41 am 7:41 am

Obama doesn’t know what he is doing. What a disaster!! But what do you expect from a naive, inexperienced one term senator with no executive experience.

Posted by: John Applegate | March 30, 2009, 7:44 am 7:44 am

Why don’t we just let the world economy rot then and close our borders and our economy and let Europe have a nice deep recession while we have one too? If they want to play hardball, they should get hardball for their economic conditions too. Let their market here be closed and they can just sit there and refuse to help. England is the only exception.

Posted by: pacman2 | March 30, 2009, 7:50 am 7:50 am

This recession started in the US and Britain where rampant deficit spending and dismantling and outsourcing of indigenous industries caused an economic collapse. This calamity affected trading partners around the world as they lost their US business markets. Countries with otherwise sound economies who invested their reserve accounts in the US were also hard hit. Now the US is asking countries around the world to follow us in more irresponsible deficit spending so as to prop up the US economy. I doubt Obama is going to get any takers on this proposition.

Posted by: Tomkker | March 30, 2009, 8:36 am 8:36 am

Continued deficit spending and indiscriminate printing of new dollars will cause massive inflation, as the value of the dollar collapses. Our devalued currency will cause the cost of manufactured goods to skyrocket. As we don’t manufacture consumer goods in our own country, we must rely on China and the Far East for all the necessities of life. Our dollars will buy less and less and at the same time more and more Americans are losing their jobs. I think Obama and his ivory tower advisors are taking us in the wrong direction. We should be listening to the wise council of Germany and our European partners. We are hardly in a position to ask or tell them to follow our example.

Posted by: OnTheCase7 | March 30, 2009, 9:00 am 9:00 am

I guess Obama is saying that as the US devalues, we should ask the rest of the world to devalue and wreck their economies at the same time. That way we can all devalue together and nobody will notice. Does he really think the rest of the world is that stupid?

Posted by: Tomkker | March 30, 2009, 9:14 am 9:14 am

JL has made the smartest statements >>> ROFL thats so funny I can hardly stop this AM. The Pres is bankrupting the country and we should hope its OK. Well the money has been spent yet there is still time to reverse this ship if there are enough BIG WALLSTREET WELFARE democrats tossed out of office.
Its crazy that we should hope for 1930′s failed ideas to some how get it right this time. All I can say is the Europeans calling the Presidents ideas DUMB is honest. THIS STUFF is not sustainable nor is it smart. The new tax cheat is a fool thats lived in Washington way to long and cant think of an honest way to do anything. Its all politics. AIG employees get threatened with their lives and you democrats shrug your shouldes. YOU REALIZE what you are doing? NO I didnt think so. Your democratic emblem does you justice.

Posted by: ChicagoBob | March 30, 2009, 9:17 am 9:17 am

Source: The Council On Foreign Relations
—————————
This Country has long been Sold Out to China, Saudi Arabia & Japan..
Canada, because Canada is our Biggest Trading Partner and Canada Sells the USA 2-3rds of it’s Oil…
———————
But China Controls Our Nation..
Big Time !!
China v US money market funds
Posted on Thursday, March 26th, 2009
By bsetser
China’s purchases of US Treasuries in 2008 (Estimate): $245 billion
US money market funds purchases of US Treasuries in 2008, from the flow of funds: just under $400 billion
China’s purchases of US Agencies in 2008 (Estimate): $38 billion. That reflects $85 billion in purchases through July, and $47 billion in sales since then…
US money market fund purchases of US Agency bonds: $542 billion
China’s purchases of Treasuries and Agencies in 2008: $283 billion

Posted by: O. | March 30, 2009, 9:27 am 9:27 am

News Flash: “Chicago Bob”
The Western European Nations & Japan are Already..
[[Bankrupt]]
Are you Kidding me ?

Posted by: O. | March 30, 2009, 9:30 am 9:30 am

I thought all of Europe loved us since we elected Obama. Where’s the love? Why aren’t the Europeans showering Obama with adoration the way they do here?

Posted by: mommamia | March 30, 2009, 12:45 pm 12:45 pm

jonnylee: Bush spent what the Demo. controlled House & Senate allowed him to spend ! ! ! O’Bama is pushing his Marxist/Socialist agenda and there are no takers in the EU ! ! O’Bama and Comarde Pelosi have no rational plan other than throw taxpayer monies at the problem. I to will vote for ANY REPUBLICAN in the next election just to get rid of thoes Democrats who are giving O’Bama. With Democrats in charge, there are no more checks and balances. If O’Bama were to stop moving quickly Pelosi and the rest of the Democrats would die of suppocation.

Posted by: JoeB | March 30, 2009, 2:07 pm 2:07 pm

“jonnylee: Bush spent what the Demo. controlled House & Senate allowed him to spend”
Republicans controlled the House and Senate until Jan 2007.

Posted by: Ryan C | March 30, 2009, 3:06 pm 3:06 pm

OH SO LET ME GET THIS RIGHT. President Obama is know a CEO for a CAR COMPANY. WHAT IN THE HELL DOES HE KNOW ABOUT SELLING CARS? This is crazy and I am really scared that America as we know it will be gone soon. American companies brought out and run by the government, healthcare controled by the government telling you where and if you can have medical treatment. Then soon President Obama will come on saying that he is getting rid of term limits and then he is the communist leader of this country. It is scary, then you have cities telling people that they can not protest and telling the person organizing it that they have to get a insurance policy. It is in our Constitution Freedom of Speech. But wait the constitution doesn’t exist any more and you have the government wanting to control everything. Is this America or not? Why isn’t there marchs on Washington? Are we all just going to let them take Freedom away? Does any one still care about Freedom or has everyone decided that Freedom doesn’t mean any thing any more?

Posted by: Pissed off | March 30, 2009, 3:14 pm 3:14 pm

“It is scary, then you have cities telling people that they can not protest and telling the person organizing it that they have to get a insurance policy.”
ROFLMAO!
You can tell how completely unaccustomed the right wing is to actually taking it to the streets when they react to protest permits and insurance with abject horror.

Posted by: Ryan C | March 30, 2009, 4:52 pm 4:52 pm

Well folks, here’s change you can believe in. Massive debt as far as the eye can see. The result of a PERFECT STORM of Democrat and Republican ineptitude, the combined result of their idiotologies, lack of common sense and pandering to special interests.
Lets draft Perot for Prez next time. It’s time to throw the bums out. In the mean time tell your congressional rep to replace Pelosi as Seaker. She in no way represents the interest of most Americans yet controls our purse-strings.

Posted by: Amaverick | March 30, 2009, 6:05 pm 6:05 pm

I’ll say again, it doesn’t matter what the naysayer do are say, this President will be successful in the end results, this is his first official European visit as President, they will come around to understand this President and his policies, and why we put him in office, like all other counties they have to feel him out, challenge his resolve, so they can come to a clear resolution.

Posted by: gman | March 30, 2009, 6:32 pm 6:32 pm

gman…”They will come around to understand this President and his policies?” And what if they do not, like the 48 percent who did not vote for him..What then? There are a few of us who do believe Obama’s policy changes are only going to put us in deeper trouble and hope beyond hope that this Country and the world will survive until the 2012 election…More Government BUREAUCRACY or artificial stimuluses just doesn’t work in recessionary times..failure/restructuring does, without government interference.

Posted by: Parallax View | March 30, 2009, 8:42 pm 8:42 pm

RyanC…So are you saying the left wing of the country are experienced when it comes to “taking to the street.”

Posted by: Parallax View | March 30, 2009, 8:46 pm 8:46 pm

With ALL RESPECT – I really think that Obama should go to a little country with dire circumstances & practice his soclialism, Like Kenya or Somolia. That way how could he screw anything up? After all, they have nothing & it seems like his policies would be better fitted in places like that. He doesn’t seem to Understand what the American Constitution stands for. Generally those who teach – can’t. Now I really believe it!

Posted by: from Ohio | March 30, 2009, 11:48 pm 11:48 pm

Sixty-three percent (63%) of U.S. voters now say tax cuts would help the economy, the highest level found in years of tracking this question.

Posted by: deanbob | March 31, 2009, 9:40 am 9:40 am

First you are against President Obama’s “European ideas” and then when Europe is against his ideas you are against him?
Second the constitution is supposed to be a growing document and have enumerated powers. Therefore a literal approach in reading the exact powers granted is irresponsible. The federal government can regulate interstate commerce, it does not state where this power ends. From this enumerated power, the current federal economic powers have evolved. Right now they are in evolution as they have always been. Change is sometimes hard to accept. We must sacrifice some of our old thought patterns for better ideas for the circumstances of today and not yesterday.
Powers outside the Constitution are also sometimes good. Take for instance the Supreme Courts power to say laws are unconstitutional. There is nothing in the constitution to grant them this power. But it is proclaimed by everyone to be a great equalizer in power. The Constitution is not the Bible people.

Posted by: Truth | March 31, 2009, 12:20 pm 12:20 pm

So the president of France says, if they don’t agree with him, he is walking. And you say Obama has an ego. Let him, he hasn’t come up with anything solid to solve his own country’s problems least of all make a statement about ours. Obama is our president and just like we did not like it when the Dixie Chicks makde a statement about Bush, I don’t like it if someone makes a statement about our president.

Posted by: talmag | March 31, 2009, 4:03 pm 4:03 pm

By the way Jake Tapper…today G.M. came out with several new ideas to spur on sales…including one that would help you if you lost your jobs and many other incentives. Just two days after the new exec. takes over….ideas seem to appear. That is what President Obama is talking about. Ideas on how to become solvent.

Posted by: talmag | March 31, 2009, 4:06 pm 4:06 pm

Excellent France! Why would anyone let some hotshot come to Europe with his rookie status and NO experience in foreign relations??

Posted by: FreeinNH | March 31, 2009, 4:19 pm 4:19 pm

Jake: the boarded up homes and job losses in Michigan did not just happen. Why weren’t you making comments about that while it was happening? The recession started before January 2008, not January 2009. However, the party in power refused to even utter the word that the economists already knew. They had an attitude if we don’t mention it no one will know. Now, it’s Obama’s fault for the boarded up houses and job losses which were boarded up long before last year and the beginning of this year. I find it interesting that you are so quick to criticize a president who has only been in for 2 months and who has made many changes in a short time. Remember the Ledbetter bill for same pay for women as men, the closing of Guantanomo, stem cell research, facing up to Afghanistan as that is where the problem started not in Iraq. We wasted several years over there and many lives. Don’t hear you mention this. I would like your columns if you were more objective…criticize but mention the good things also.

Posted by: talmag | March 31, 2009, 5:04 pm 5:04 pm

Someone should charge admission over there to watch the Obama and friends clown car ride through Europe.

Posted by: mercury57 | March 31, 2009, 10:01 pm 10:01 pm

One low brow Republican said he hoped Obama would wait for the benefits of the Bush tax cuts to kick in. I told him they already have, ten percent unemployment: GM, Ford and Chrysler on the ropes and the entire world in a near state of shut down. If Obama doesn’t act quickly the benefits will wipe out the majority of the human population. One bring back manufacturing as quickly as possible. Two, end dominance on oil. Three, no tax breaks for out sourcing. A strong economy is a strong business.

Posted by: Steven Duran | April 1, 2009, 1:13 am 1:13 am

Thanks, I enjoyed your post. It’s nice to see someone writing something worth reading.

Posted by: Glenn | April 2, 2009, 1:02 pm 1:02 pm

To Mercury 57 and others,
You’re right that this financial mess started before King Obama took the reigns, but you need to go back a little further to see the effects of a Democratically controlled House and Senate that started two years before that. Look at the oversight that was proposed by Bush of Fanny Mae and Freddie Mac and thank Comrades Reid and Pelosi and their cronies for that. Closing Gittmo is a plus? Lets wait and see what happens after we let all those reformed terrorists out in the world. I am sure they will become good and respectful citizens. You are quick to say don’t blame Obama, he’s only been in office for 2 1/12 months, yet you are quick to give him credit. Take the teleprompters away, and make him work at a real job for the first time in his life, and then let’s talk about him. He is an empty bag of wind and his performance will show that. He is good on the campaign trail but has no record of performance on the job. Give him time and then in four years let’s come to our senses and elect a real President.

Posted by: HKR | April 3, 2009, 10:33 am 10:33 am

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