Obama Gets Smacked In The Mouth By G-20 Attendees
Monday, June 28, 2010 at 7:51AM If it wasn't clear before how marginal Barack Obama had become, the outcome of the G-20 summit should have cleared that up. It seems that European leaders are now more sensible about spending and moving forward with austerity measures than the leader of our own country. This could only happen under a socialist President. This from The Hill:
President Barack Obama's push for continued global stimulus in light of a tenuous economic recovery was largely pushed back at the G-20 as world leaders agreed to focus on deficit reduction.
Obama and his team have repeatedly warned that while the worst of the crisis has passed, the recovery is still "uneven and fragile" and ongoing stimulus efforts are needed.
But European leaders, led largely by German Chancellor Angela Merkel, have pushed back on increased spending as deficits rage out of control.
Those European leaders appeared to win out over the weekend at the G-20 summit in Toronto as the world's leaders agreed to cut deficits in half by 2013.
But Obama lauded what he saw as a spirit of cooperation at the summit, saying that he was aware that "the focus coming into these meetings was on whether our nations would be divided by different approaches."
"But as we have proven repeatedly over the last 18 months, our nations can come together through the G-20, and build on the foundation of our shared interests," Obama said in his closing press conference.
Obama bristled at suggestions that he is not as concerned about deficits as other countries, saying that Germany's plans "are no more front-loaded than ours."
"Keep in mind that we had already proposed a long time ago that we were going to cut our deficits in half by 2013," Obama said.
Obama said there is "violent agreement" among the countries in attendance that "we're not rushing to the exits too quickly and at the same time" while simultaneously putting in place preliminary plans for deficit reduction.
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Reader Comments (3)
""Keep in mind that we had already proposed a long time ago that we were going to cut our deficits in half by 2013," Obama said."
Uh huh. I didn't see the headline that pigs started to fly.... must have missed that one.
Even the stupid Europeans think this guy is clueless. I am so proud.
In 2011 he'll be talking big about deficit reduction. He'll do it by increasing taxes and slashing defense spending. He's already claiming that federal discretionary spending will be frozen for three years to demonstrate the seriousness of the commitment to deficit reduction, of course what he doesn't say is that they jammed about 10 years of discretionary spending increases in during 2010 before the freeze. Nevermind that capital gains tax increases will decrease revenues as will other tax increases. In other words, as usual, he's full of guano.