A communique agreed unanimously by leaders of the world’s major economies at the G20 meeting in Toronto today acknowledged that countries with large budget deficits need to ‘accelerate the pace of consolidation’ and welcomed the announcement of plans by countries such as Germany and Britain to bring their public finances under control. The United States President, Barack Obama, singled out Britain’s budget cuts for praise as a necessary and courageous action. The communique set non-binding targets for member states at least to halve their deficits by 2013 and to see debt falling by 2016. Both Germany and Britain are already on target to achieve these objectives. The United States government has no such target in place.
At the very same meeting, Obama and Geithner warned that it is too soon after the recession for the United States to withdraw spending: ’the scars of the crisis are still with us.’ Of course, the United States is special in this regard, or so we are led to believe.
Well, what is a little bit of verbal inconsistency among a pair of hydraulic Keynesian deadbeats. When a snake stabs out its forked tongue, after all, it is deploying its highly developed sense of smell. There are some very differentiated smells out there at the moment for President Obama wafting across respectively from the 2010 and 2012 election opinion polls. No wonder he is evolving a forked tongue.
Actually, I find its forked tongue the most frightening aspect of any venomous snake; until, that is, the snake strikes and injects its venom. Then we really know that we are in trouble.
Tags: November 2010 and November 2012 infect Obama's mind, Obama inconsistent ofer fiscal policy at the G20 meeting, US at odds with other advanced nations
June 28, 2010 at 2:09 am |
It is more than a forked tongue.. it is downright schizophrenic. Let me explain. What I have noticed is that once Obummer became POTUS, there was a wild spending spree.. the greatl porkbarrel spendulus that has cost close to $1trillion.. followed by even more grotesque spending. In between these sprees that have produced no results, but have placed money in the hands of George Soros, there have been those few moments when there has been the expression of regret.
There is a psychiatric disorder that sums this up perfectly, where the person goes on these sprees and then has regrets, where there are swings of highs followed by lows. (the name of that psychiatric illness is not on the tip of my tongue at the present moment). As an example of how this might work, imagine someone who is depressed and in order to cater for that depression the person indulges in retail therapy, using a credit card when then blows the budget. The spending spree is then the catalyst for the low which is the regret. That is what I have seen coming from POTUS.. the spend, spend, spend… the lecturing to the American people telling them to pull in their belts… followed by more spending, parties, and more debt for the USA…. followed by golf games, more vacations and more parties.
June 28, 2010 at 10:38 pm |
the mental condition that I failed to name is Obsessive Compulsive Disorder… if you watch the way that there is like a feeding frenzy with regard to spending, I think that this is just one more mental illness that attaches to Obummer.