Wednesday, November 10, 2010

German Finance Minister: 'U.S. policy is clueless'

For the second time this year Obama has tried to lecture G20 leaders about their irresponsible belt-tightening. For the second time, G20 leaders laughed at him. I've said this before, but I think it's important to repeat the truth as often as possible: spending money at an unprecedented pace WHEN WE DON'T HAVE ANY is asinine. All world leaders, including our State governors, are reducing spending while Obama is trying to create a socialist workers paradise by spending us into oblivion.

From CNN, emphasis added:

    The harshest criticism came Friday from German Finance Minister Wolfgang Schäuble, who told reporters at a conference that, "With all due respect, U.S. policy is clueless."

    "It's not that the Americans haven't pumped enough liquidity into the market," he said. "Now to say let's pump more into the market is not going to solve their problems."

G20 leaders are as stunned as I am that Obama is using QE2. QE1 failed miserably, and helped create Obama's extra $2,000,000,000,000 in debt we have to carry. And to see this published at CNN's website was surprising, considering they have been covering from him since his first town hall meetings were disrupted. CNN has been Obama's cheerleader since he first announced his candidacy. If CNN -- an unhinged, far-left news source -- is turning on the prez, it's over for him. He'll be a one-term nightmare, I predict.

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