EU President: Obama Policies Put US On Way to Hell
President Obama received a no confidence vote from the EU president yesterday.
Czech head of EU presidency Mirek Topolanek says Obama’s stimulus package “puts US on the way to hell.”
FOX News reported:
The Czech head of the European Union presidency says the U.S. economic rescue plans are “a way to hell.”
Prime Minister Mirek Topolanek says the Obama administration’s stimulus package and financial bailout “will undermine the stability of the global financial market.”
One day after he offered the resignation of his government, Topolanek took the EU presidency on a collision course with Washington over the economic options to solve the world economic crisis. Many EU nations favor regulation over more bailout efforts.
Wednesday’s comments, made at the European legislature, come after President Obama went on the defensive Tuesday night over his $3.6 trillion budget proposal, dismissing criticism of the plan and insisting that historic investments be made in education, health care and energy in order to ensure an economic recovery.
The president, in his second prime-time press conference, faced tough questions about recent projections that his budget would create trillions of dollars in deficits over the next decade and potentially double the national debt.
But Obama argued that his budget proposal is a critical peg in a comprehensive plan to attack the economic crisis “on all fronts,” and prevent another comparable crisis one or two decades from now.
More… Topolanek said the biggest success of last week’s EU summit was its refusal to copy the US example.