Obama To G-20: Print More Money, Don’t Make It

Barack Obama,Debt,Democrats,Economy,Europe,Federal Reserve Bank,Foreign Policy,Free Markets,Political Economy

            

The following is from my new, WND.Com column, “Obama To G-20: ‘Print More Money, Don’t Make It'”:

“German Chancellor Angela Merkel is not returning U.S. President Barack Obama’s calls.

I’m being theatrical. Obama is demanding that Germany pull its weight in the global-recovery effort by aping the US: spending more and producing less.

Here are the providential orders verbatim, via the WSJ:

“U.S. President Barack Obama [has called] for Germans to aid the global recovery by spending more and relying less on exports.”

It is not only Germany that Obama wishes to knee-cap economically, but Canada, Japan and China too. Given that big-spending Americans exist at the sufferance of the frugal, productive Chinese, I don’t quite know how this would work.

“Ms. Merkel countered that Germany’s growth and employment are rising—and therefore the world’s fourth-largest economy has no reason to rethink its dependence on its powerhouse industrial sector and large trade surplus.” …

The Obamarxist-Merkel contretemps are a prelude to the upcoming “Group of 20” summit in Canada, where, by the looks of it, the US (once the economic engine of the world) will bicker with Germany, China, Canada, and Japan (nascent economic powers) to cut back on their robust exports and match its level of government and household debt. …

The complete column is “Obama To G-20: ‘Print More Money, Don’t Make It.'”

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4 thoughts on “Obama To G-20: Print More Money, Don’t Make It

  1. james huggins

    I used to think that Obama was actively trying to bring the United States down to the level of a socialist/Marxist East European slag heap like Poland or Rumania or Russia itself. While I am still of this opinion I am actually beginning the think that he believes the drivel he espouses.

  2. DENNIS

    I am feeling sicker and sicker as our IRA, 401(k), and Foreign Currency investments show losses each statement. I will vividly remember those politicians who have made this global economic merde … err … mess possible via their stimuli packages, their social programs, their taxes, and their fiat currency printers. Out! Out! Damn spots of idiocy … elections approach.

  3. ~greenhell~

    It’s sad to see that all the news stories seem to be focused on how her gov’t is about to collapse, yet she is one of the few leaders who seems to know what to actually do.

    Is it just the cowardice of the Keynesian leaders who don’t want to be proven wrong? I very much despise the fools taking down the wise man who would go it alone. It’s not like Germany is making the other countries abandon their ideas. Go to it, just leave me out of your failure!

  4. Myron Pauli

    3 hours from now, I shall cross over a bridge named after America’s worst significant President (my opinion) – Woodrow Wilson. He is the bigoted humorless “intellectual” paranoid megalomaniacal prolonger of World War One among whose gifts to the planet were:

    The War on Drugs, the Federal Trade Commission, the FBI & Red Scare,
    League of Nations / UN, Prohibition, the Income Tax, German Hyperinflation,
    Fascism, Communism, FDR, “Ethnic Self-Determination”, State-of-the-Union Speeches, the 20th Century Ku Klux Klan, and the Federal Reserve System.

    My (Jewish/Atheist) father’s family was prosperous in the “evil” Austrian Empire which Czar Woodrow was determined to destroy by hypocritically talking of “peace without victory” and neutrality while encouraging Britain and prolonging war. At the end, war was followed by a starvation blockade and an exceedingly vindictive treaty guaranteed to destabilize Europe.

    Sadly, other than Harding and Coolidge, our post-Wilsonian presidents have all been imitators of this idiot-savant President. Some like Bush II and Obama really salivate at micromanaging the Planet. America probably would be better off under the Hapsburgs and von Mises than Obama and Krugman.
    The Austrians also had excellent music and some dynamite sacher tortes!

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