Obama’s economic view is rejected on world stage

Discussion in 'Politics' started by carpro, Nov 14, 2010.

  1. carpro

    carpro
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    http://www.boston.com/news/world/as.../us_south_korea_trade_accord_not_a_done_deal/

    Obama’s economic view is rejected on world stage

    By Sewell Chan, Sheryl Gay Stolberg and David E. Sanger
    New York Times / November 12, 2010


    SEOUL — President Obama’s hopes of emerging from his Asia trip with the twin victories of a free trade agreement with South Korea and a unified approach to spurring global economic growth ran into resistance on all fronts yesterday, putting Obama at odds with his key allies and largest trading partners.

    SNIP

    ...Greenspan wrote that the United States was “pursuing a policy of currency weakening.’’ Geithner shot back on CNBC that while he had “enormous respect’’ for Greenspan, “that’s not an accurate description of either the Fed’s policies or our policies.’’

    Much of the rest of the world seemed to share Greenspan’s assessment. Moreover, Obama seemed to be losing the broader debate over austerity. The president has insisted that at a moment of weak private demand, the best way to spur economic growth is to have the government prime the pump with cheap credit and government stimulus programs. He quickly found himself in an argument with Prime Minister David Cameron of Britain and Chancellor Angela Merkel of Germany.
     
  2. Bob Alkire

    Bob Alkire
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    Most who know anything about economic would reject his plans.
     
  3. carpro

    carpro
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    And he was supposed to "repair" our relationship with our allies.:thumbs:

    Looks like he's on the verge of starting his own war over monetary policy and trade.

    He's poorly equipped to lead that fight and it shows.
     
  4. Bob Alkire

    Bob Alkire
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    The victim card plays well in this country, but not on the world stage, they don't see victims with in our country but outside of it. He has made a career off that card, and it is hard for him to play another card, because it was the only card in his deck.
     

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