EU Presidency: Obama Plans 'a Way to Hell'

EU Presidency: Obama Plans 'a Way to Hell'

www.foxnews.com

Czech Prime Minister Mirek Topolanek, whose country currently holds the EU presidency, told the European Parliament that President Barack Obama's massive stimulus package and banking bailout "will undermine the stability of the global financial market."

A day after his government collapsed because of a parliamentary vote of no-confidence, Topolanek took the EU presidency on a collision course with Washington over how to deal with the global economic recession.

Most European leaders favor tighter financial regulation, while the U.S. has been pushing for larger economic stimulus plans.

Topolanek's comments are the strongest criticism so far from a European leader as the 27-nation bloc bristles from recent U.S. criticism that it is not spending enough to stimulate demand.

They also pave the way for a stormy summit next week in London between leaders of the Group of 20 industrialized countries.

The host of the summit, British Prime Minister Gordon Brown, praised Obama on Tuesday for his willingness to work with Europe on reforming the global economy in the run-up to the G-20 summit.

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So, some Americans aren't the only ones with problems with Obama's plans. :shk:

While I normally don't care what other countries in the world think about the US, I have to agree with the EU president. Throwing money at the problem has not proven to do anything but create more problems.

Every thing everywhere seems to be falling apart and the finger pointing gets more pronounced daily.

www.foxnews.com
(visit the link for the full news article)

reply to post by skeptic1


I read that this morning, there are a lot of topics that need to be combined to show a more coherent picture of the ,"One."

He chose good words. "A way to hell" is exactly how I feel about this insane attempt to spend your way out of a hole. Obama better start looking for property outside the U.S.A, - something with high wall and a moat sounds good.

He really reminds me of Marie Antoinette I don't see it ending well for Barak or Michelle and sadly, I don't see it ending well for us.

I heard on the radio yesterday that the government spends 30 cents of every dollar made. It doesn't really surprise me.

And unfortunately the European Union had as much to do with creating the breeding grounds for this Hellish financial situation as did Santa Claus.

Europe forced to follow America into another quagmire, yet again.

reply to post by skeptic1


I agree 100% with the EU president. We are on the road to economic hell, and this administration's budget proposal will accelerate that process. Massive increases in spending and the deficit will not solve our economic problems. Government IS the problem and the size and scope of it needs to be reduced, not increased. You'd think we'd have all learned this during the last twenty years (and especially the last eight), but apparently not.

This group in DC is going completely off the deep end.

Originally posted by skeptic1


So, some Americans aren't the only ones with problems with Obama's plans. :shk:

While I normally don't care what other countries in the world think about the US, I have to agree with the EU president. Throwing money at the problem has not proven to do anything but create more problems.

Every thing everywhere seems to be falling apart and the finger pointing gets more pronounced daily.

www.foxnews.com
(visit the link for the full news article)

Who says Obama doesn't want to the ride the way to hell? My theory is that they want the Dollar to collapse, not specifically Obama, but the so-called NWO (or Bilderberg). If they make the Dollar collapse, the emerging powers will get a sh&tload of problems to face. It would be way worse for them than for the US.

Who says there's not yet a plan developed for the aftermath situation: a North American Union similar to the EU. We all know that sooner or later the Dollar will collapse, why not a controlled collapse, rather than a collapse that spins out of control?

Those who rebuild the country will greatly benefit from it, like the US gained its position as a consequence of World War II.

Imagine the revolts in China if their economy collapses, imagine how Russia would go broke.... Yes, it would be a pretty nasty situation in the US too, but by far not as bad as in these two countries.

reply to post by Mdv2


We have enough nastiness now. The average citizen doesn't want more.

That may very well be out of our hands, though.

Sadly, the paradigm of nationality still infects this issue.

The cause is transnational because the banking cartel is transnational. Their goal is to become supranational. And our elite leaders are helping them along every step of the way... you can imagine why.

Each country has within it, the agents of central banks who make sure that regardless of public intrigue, the banks are the center piece of each nation's self-perceived safety.

Pathetic is one word for it. I'm sure many of us can think of other suitable phrases....

I, like many other people happen to agree with Czech Prime Minister Topolanek. You can't save the economy of a nation, or that of the world by infusing more paper money which has nothing to back it up but empty promises.

In fact what President Obama, and his team are doing is making certain that the U.S. dollar collapses, and this will take with it most of the world.

It does seem that the plan that is in store is to spend as much as possible to bring the total collapse of the U.S. dollar.

Doing this will allow TPTB to implement the Amero, or some other monetary system, and finally unite Canada, the U.S. and Mexico.

In Europe there are already plans for another currency, one which will be backed by China, Russia, India, and European countries.

Unless all countries are able to finally unite all economies, and decide to bow to a One World Government, but I don't see this happening unless everyone agrees, and not every country will agree to this, such as the Czech Republic, Poland, etc, so instead the change to the One World Government will be done in stages.

If I recall the US is not the only country that is "throwing money at the problem". So why do they single out america? Funny how things work out. China can commit a genocide and everyone could care less but america oh man you better watch out

reply to post by ElectricUniverse


So do you have a better idea on how to save the econ? If you do then by all means speak up.

reply to post by Dark Jester


Are you President Obama or just repeat what he says?

Just because nobody has a better idea doesn't mean you go ahead with a bad one just because it is the only idea on the table.

He needs to gather the top economic strategists in the United States, no matter what political party they may belong to and put them on the payroll. Give them a month or two to come up with a plan to compare with his and decide between the two or more plans they come up with.

Originally posted by vor78
reply to post by skeptic1

 

Government IS the problem

The problem is allowing PRIVATE entities control government - you are twisted.

The derivative products and phony financial instruments were not the work of government sir...

The work of government was to to look the other way and the destruction of depression era rules that served us fine before they were trashed.

DO you honestly think the PRIVATE sector would behave in a more proper fashion with less rules???

please explain...........

reply to post by skeptic1


Would America be in the financial situation it is in if there weren't so many delusional individuals living here? Everyone wants to get rich quick by doing as little work as possible and want to own a $500K house when they only make $10 per hour. The greed and stupidity of the average American is one big reason why we are in the mess that we're in right now. The rich will get richer and there's a sucker born every minute for them to swindle.

I don't agree. However, I am worried about one things with this economic plan. I believe that there are several ways to shorten thsn economic downturn and Obama's plan can work. I also believe that Obama has set the plan and that even if it does not work, even as well as he hoped it would that he couldn't tell the people. He wouldn't be able to tell the people; to admit something like that would only magnify the situation. So it is entirely possible that they know this plan will not work but they can't come out and say it. That is what I fear.

They're saying the recession will end in 2010, but also that unemployment will be even higher. wow.

reply to post by mental modulator


You miss the point. In a true free market, these abusive practices would have resulted in these businesses going under, and no one would have repeated these dealings down the road, because they would know the price. That is how a free market keeps things in check, because bad business, in the long run, will cause your business to fail, unless you are a monopoly, etc, which is why there are laws restricting such, as monopolies also cease to be free markets, in essence.

The problem is entirely the government, because they rewarded this bad business with free money. So now, rather than acting in the interests of what will sustain a business, these companies now know that if they get a certain hold on the economy, they will get bailed out from anything that blows up in their faces. Thus they will be all the more encouraged to find every loophole possible to squeeze out every penny, because its all profit, with no long term risk of failure, because the Treasury and the Fed will bail them out.

WHY IS THAT SO HARD TO UNDERSTAND?

At least it makes it clear why most children grow up as little monsters these days. No one believes in accountability anymore. Punishment, maybe, but not accountability.

And seriously, if I hear another person whine about all the average joes losing money in their 401k's...its a market investment! It is NOT an insured account. If you didnt want to risk losing it, you shouldnt have placed your money there. That's life. Grow up and deal with it. No one made the choice but you.

The problem is the banks, and the Czech dude is just scapegoating the US because it is always the popular thing to do. Why doesn't he blame Dubya? I mean really? think about it.

People used to say Obama had hardly any experience so you can't blame his actions in the past for what has happened and the drastic steps we have to go through now to maintain some sense of the status quo.

As for me personally, I think we are screwed either way. Totally. Either way. Whether our economy is destroyed by complete failure from doing nothing or something I don't know that it makes that big a difference in reality. Sure everyone can Monday morning quarterback but that is not reality either.

The only stimulus that makes sense is money that helps citizens and infrastructure.

In the end we will come out better ans stronger from having been through this. If we kicked the Fed and the banks between now and then it would be for the better.

Originally posted by saturnine_sweet
reply to post by mental modulator

 

You miss the point. In a true free market, these abusive practices would have resulted in these businesses going under, and no one would have repeated these dealings down the road, because they would know the price. That is how a free market keeps things in check, because bad business, in the long run, will cause your business to fail, unless you are a monopoly, etc, which is why there are laws restricting such, as monopolies also cease to be free markets, in essence.

The problem is entirely the government, because they rewarded this bad business with free money. So now, rather than acting in the interests of what will sustain a business, these companies now know that if they get a certain hold on the economy, they will get bailed out from anything that blows up in their faces. Thus they will be all the more encouraged to find every loophole possible to squeeze out every penny, because its all profit, with no long term risk of failure, because the Treasury and the Fed will bail them out.

WHY IS THAT SO HARD TO UNDERSTAND?

At least it makes it clear why most children grow up as little monsters these days. No one believes in accountability anymore. Punishment, maybe, but not accountability.

And seriously, if I hear another person whine about all the average joes losing money in their 401k's...its a market investment! It is NOT an insured account. If you didnt want to risk losing it, you shouldnt have placed your money there. That's life. Grow up and deal with it. No one made the choice but you.

We had laws that worked just fine -

Citigroup used to be CITIBANK and Travelers insurance GROUP -

All of a sudden we let the a company underwrite their own investments?? YES we did and its a pile of crap - AND BTW if I here another person defend the criminal acts of these companies... What was done was criminal, a society without implied trust is sunk...