- Oct 12, 2009
- Reaction score
- New Jersey
- Political Leaning
- Libertarian - Right
Gateway Pundit said:Posted by Jim Hoft on Friday, June 25, 2010, 12:09 PM
German Chancellor Angela Merkel rejected Barack Obama’s request today after arriving in Toronto for the G20 meetings. Merkel told reporters that, “We need growth that doesn’t rely on debt.” This was in response to Barack Obama who sent a letter to G20 leaders last week urging them to continue to run massive budget deficits in order to “keep economic growth strong.”
GDP growth was revised downward today.
“The world needs a new architecture for the financial markets and me and the EU will advertise for that very intensively,” she added.
More… Via Instapundit:
TELEGRAPH: Barack Obama is refusing to listen to reason on economic policy. “As it happens, the public debt trajectory is rather worse in the US than it is in Europe, yet Obama has adopted an overtly ’spend until we are broke’ approach in a calculated bid for growth and votes.”
Why is it that Obama and his White House staff are the only one's in left field on this issue? Either they don't care or they're oblivious. Either way, the U.S. is in dire straights and everyone knows it but our President.