I almost feel sorry for Barack Obama. He’s traveling the world over, looking for some love, and coming up empty.
America handed him an epic rejection of virtually everything he has “accomplished” just two years in. Knowing fully well what was coming, he skipped the country on a trade mission, a multi-bazillion-dollar entourage in tow, hoping to bring home a trade agreement…or…something.
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 economic growth around the world ran into resistance on all fronts on Thursday, putting Mr. Obama at odds with his key allies and largest trading partners.
Does the whole world hate Obama?
After five largely harmonious meetings in the past two years to deal with the most severe downturn since the Depression, major disputes broke out between Washington and China, Britain, Germany and Brazil.
OK, maybe not the whole world, just a majority of the largest economies of the world, so technically there are countries out there, theoretically, that don’t think America’s fiscal and monetary policies are being crafted by an administration consisting of a band of arrogant bookworms that have never owned, created or run anything resembling an enterprise.
In two years, the Obama administration has effectively rendered America to the economic equivalence of adolescence, world leaders now treating Obama and his staff like underclassmen.
As if a global scolding wasn’t embarrassing enough for the soon-to-be one-term President, his Treasury Secretary, steeped in academentia, was fending off attacks from back home.
The disputes were not limited to America’s foreign partners. Treasury Secretary Timothy F. Geithner got into a trans-Pacific argument with one of his former mentors, Alan Greenspan, the former chairman of the Federal Reserve, after Mr. Greenspan wrote that the United States was “pursuing a policy of currency weakening.” Mr. Geithner shot back on CNBC that while he had “enormous respect” for Mr. Greenspan, “that’s not an accurate description of either the Fed’s policies or our policies.” He added, “We will never seek to weaken our currency as a tool to gain competitive advantage or grow the economy.”
Well, if you say so.
…well, at least not again…because the Fed’s current plan to buy $600 Billion of government securities is precisely, explicitly that.
Does Geithner actually believe we are all that stupid or that he’s so much smarter?
Much of the rest of the world seemed to share Mr. Greenspan’s assessment. Moreover, Mr. 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.
Wait, who? Great Britain? Isn’t Great Britain…like, our Huckleberry? How retarded does the President and his staff have to be to screw up that relationship?
America isn’t subscribing to this administration’s ineptitude and neither is the rest of the world.
Playing a fools game, hoping to win, telling those sweet lies and losing again.
I’ve always found it sad, but hilarious, that while we aggressively change the value of our currency, we’re bitchin’ and moanin’ about how China does the same by….
….tying their currency to ours so they don’t get hit as badly. It’s like nobody thinks anyone is watching and can think for themselves.
“Does the whole world hate Obama?”
Now, now…
My sources tell me the Kenyans love him–well except for his half brother and some of his other relatives.
Does Geithner actually believe we are all that stupid or that he’s so much smarter?
Well both, of course. Any first year econ student knows that monetizing debt leads to inflation, which is just what these Soros stooges want to do. George wants to do to the dollar what he did to the pound sterling.
Presidents who actually know what they are doing make sure that the agreements are in hand before they gather up their posse. Successful trade missions are pro-forma signature photo-ops.
This poor butt-nugget is actually getting to the point where we’ll start feeling sorry for him.
The least he can do is save us the gazillions this clusterfcuk cost…
http://www.GoToMeeting.com
No, Obama just hasn’t communicated effectively enough with the rest of the world. A daily briefing for the globe would surely convince everyone that He is correct.
Wait, who? Great Britain? Isn’t Great Britain…like, our Huckleberry? How retarded does the President and his staff have to be to screw up that relationship?
Pretty retarded. He’d have to do something really arrogant like send back the bust of Winston Churchill that has been at the White House since the 1950’s or give a sitting Prime Minister a pretty thoughtless gift (that doesn’t even work over there) after reciving a very cool and thoughtful gift. Oh wait…
“Presidents who actually know what they are doing make sure that the agreements are in hand before they gather up their posse. ”
It’s called “Hope”. It’s all he has left.
“My sources tell me the Kenyans love him–well except for his half brother and some of his other relatives.”
Like Obama’s half-brother’s 2 wives? Imagine if GWB would have had a borther who was a polygamist.
Your kidding, aren’t you Chuck?
http://en.wikipedia.org/wiki/Neil_Bush
What does that have to do with the Obama cabal deliberately collapsing the dollar?
Sorry, that should have read the Soros cabal. Obama is a tool.
America isn’t subscribing to this administration’s ineptitude
Not ineptitude. Absolutely intentional policy. With Obama, you need to stop thinking like his economic goals, policies and motivations are in line with the rest of the reality community. He wants to fundamentally change our economy so we can stop being the most successful country with the highest standards of living, and bring a lower level of prosperity and luxury so we can join the rest of the one-worlders instead of leading them.
Tinfoil hat on. Sorry. It gets harder and harder to leave it in the closet.
Was out of the news loop much of the past two days, but caught some of the Ingraham Show re-broadcast earlier tonight. She featured two clips that were instructive in how Barry’s trip to South Korea went:
First, Brian Williams noting how badly this summit went. Now Brian Williams normally uses a third robot hand, specially developed by GE, to grab even more of Obamas ass to kiss than any two handed media type could dream of, so this summit had to score a minus 4 on a ten point scale;
Second, a clip of Obama at his press conference saying he wants to select a Korean reporter to ask a question since the Koreans have been such good hosts. When a hand finally goes up (after some crickets chirping) Barry jokes he’ll need an interpreter because, yuk, yuk, of all His heavenly powers, speaking Korean isn’t one. When the reporter begs the President’s pardon, but he’s Chinese (and speaks perfect English) and can he ask a question for his Korean brethren? With regard to soundbite 2 – Can you imagine if Bush (41 or 43) picked just any old Asian and assumed that they were Korean that there wouldn’t be universal condemnation?