Merkel Refutes Obama: Won't Agree to His Push For More Deficit Spending
Posted by Jim Hoft on Saturday, June 19, 2010, 11:02 PM
German Chancellor Angela Merkel refuted Barack Obama and won’t agree to his insane push for more deficit spending.
The Local reported:
German Chancellor Angela Merkel directly contradicted US President Barack Obama on Saturday, saying spending cutbacks were now needed following the spate of throwing money at the global economic crisis.
Referring to the G20 summit in Canada next weekend, Merkel said in a videotaped message that “we are going to discuss when to quit the phase of short-term measures and go on to lasting budget consolidation.”
Such a move was “urgently necessary, in the view of the Europeans and particularly of Germany,” she said.
Obama urged the world’s leading economies Friday to avoid scaling back government spending too quickly or risk derailing the global recovery.
“We worked exceptionally hard to restore growth; we cannot falter or lose strength now,” Obama said in a letter to G20 leaders ahead of a June 26-27 summit in Toronto.
“Our highest priority in Toronto must be to safeguard and strengthen the recovery,” Obama said in the letter dated June 16, but released Friday amid concerns about the pace of the global recovery.
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Published May 24, 2012 at 8:46 pm - 89 Comments
jonyjoe101 commented:
Obama is more european than the europeans are. He’s more communist than the chinese are. He’s more muslim than the muslims are. He is more illegal than the illegals are.
He is everything except an American.
bbh commented:
Ms. Merkel’s rejection of Obama’s spending agenda is further evidence that strong, sane women will lead us out of the worldwide financial calamity created by Unions and Liberals.
archer52 commented:
Economics, outside a few solid principles like supply and demand, is an art more than a science. It is filled with theories, thoughts, classroom discussions and it rarely gets it right in the real world.
Keynesian economics works on paper, but is a horrible real world system because you cannot execute it correctly. The trouble with it is the amount of greed and corruption it creates as the government spends money it doesn’t have.
The Laffer curve works more towards allowing individuals to take risk for reward, rather than risk for punishment as socialism demands.
In a nutshell Keynesian theory works against the good in human nature, while Laffer works for it.
And I don’t even have a PHD.
Bob commented:
More people need to say NO to Obama
Just_Saying commented:
Obummer doesn’t have a clue. What’s even worse is that he doesn’t realize it or that he doesn’t care.
.
KR commented:
When BO refers to “growth” he means the size of government.
Governments are like parasites.
The private sector is the host.
BO is h3ll-bent on debilitating/permanently damaging the host.
Guy commented:
Hilarious … Obama wants the rest of the world to follow him off the cliff, just as he expects his fellow liberals in the Democratic Party to do. Luckily, there are still a few sane conservatives left in positions of power who aren’t going to go along for the ride.
What a smack down!
Does Obama really think that everyone in the world is as stupid as the tax-and-spend morons in his administration? Spending your way out of debt makes about as much sense as drilling holes in the bottom of your boat to get the water out. He would understand that if he had ever been in business and had to balance a budget….
There may be hope for us yet … but I’m not banking on it. The way things are shaping up, it’s looking like the rest of the world may be waking up just in time to see America collapse…
KR commented:
archer52,
I read somewhere that Keynesian economics assumes that the spending is from gov. surplus, not borrowed money.
Otherwise, as many of us know, that gov.debt is often a drag on the private sector from taxation.
Sandy from Chesterfield commented:
Germany remembers when they experienced hyperinflation and do not want to experience it again. Good for Merkel! At the height of the inflation in 1923 one U.S. dollar was worth 4 trillion German marks.
Mrgoodwench commented:
Typical white woman
/
ProLifer commented:
German Chancellor Angela Merkel has just said “NO” to the de facto President of the European Union (Obama)! BRAVO!
wanumba commented:
Governor Brewer’s comment that Obama reniged on his promises to send aides, National Guard, open lines of communication and dialogue with AZ has blasted Obama’s credibility to smithereens, especially with any sort of negotiations on ANY issue. Foreign nations will all be less cooperative to the White House. With Hillary blabbing to Ecuadoran TV about a domestic US issue, what country is going to trust anyone in the Obama Administration to keep their mouths shut?
Obama think there are no consequences if he says one thing to Germany and then have Merkel read about Sec State Hillary blithely discussing an Obama 180 in Russian papers?
Opus #6 commented:
Glad to hear there is someone in the world willing to speak up for fiscal sanity.
Andreas K. commented:
Merkel should just shut up. Her government is spending like crazy as it is. Fiscal sanity? From her? Think again.
The budget in Germany for 2010 is 320 billion Euros. 80 billion are new additional debt (to the already extremely high national debt that Germany has) and 150 billion go into the completely out of control and overgrown welfare state.
Plus Merkel’s one of those behind the utter destruction of freedom, liberty and democracy in Germany. And let’s not forget she’s also one of those politicians who grovel and bow to islam all the time.
Now she’s just catering to the anti-American lobby in Europe. Once the smoke’s gone she’ll go back to spend like crazy. Her popularity in Germany is ever sinking. People call her “the pants suit” these days, instead of title and name.
militant conservative commented:
We of German decent KNOW you cannot build your home on borrowed land. you have to own your land and pay your debts. DUH. Obama is just an idiot. (smart but an idiot idealogue)
powder is dry.
Viv commented:
“Obama urged the world’s leading economies Friday to avoid scaling back government spending too quickly or risk derailing the global recovery.”
What on earth does this man know about economics and finance to be advising anyone? By his own stupidity this man is dangerous.
Andreas K. commented:
BTW, it’s Merkel’s government that is lashing out at Israel over the invasion fleet incident, just like the rest of the German parliament. They are now working on a resolution that demands that Israel drops the Gaza blockade at once. This resolution is supported not only by the left wingers and the Green party, but also by the FDP and Merkel’s own party.
She’s a very “smart” woman, goose stepping in pace with her islamo-fascist masters.
sheik yer\\\'mami commented:
From jonyjoe101:
“Obama is more european than the europeans are. He’s more communist than the chinese are. He’s more muslim than the muslims are. He is more illegal than the illegals are.
He is everything except an American.”
Nothing European about him.
Zero, the son of a Gramskian whore and a Kenyan Muslim, is a Marxist Muslim, always was, always will be. What took you so long to figure that out?
Illegal? Everything about him is illegal. He doesn’t know f*k about being American.
The Chinese are Communist in name only, Capitalism rules in China. I have never met a Chinese who didn’t want to be rich. How do I know? I lived there for 25 years!
I’m afraid I have to agree with Andreas K above. Merkel cannot be taken seriously.
Another epic failure. She should have never been elected. But whom can you vote for in a country where even the “far right” is hard left? The Nazis were not far right, the Nazis were SOCIALISTS!
Europe is screwed.
luckyone commented:
He needs the spending to continue because there is an election coming and he knows what’s in store for his regime.
GrayRider commented:
Kill the Keyenesian economic insanity. It has never worked and never will, just like liberalism.
Sickofobama commented:
Does anyone else feel like they are living in a alternative universe where black is white, up is down, 2 + 2 = 5.
Me, too.
cargosquid commented:
Merkel 2012! I’m sure her birth certificate’s in Hawaii….
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Fern Sharp commented:
PM Harper of Canada the host for the G20 also sent a letter around with the bottom line “forget Obama” clean your own mess up.
mrt commented:
“We worked exceptionally hard to destroy growth; we cannot falter or lose strength now.”
“Our highest priority in Toronto must be to safeguard and strengthen the Soros plan,” Obama said.
Andreas K. commented:
cargosquid
June 20th, 2010 | 6:16 am | #24
Merkel 2012! I’m sure her birth certificate’s in Hawaii….
Then you’ll get the same crazy spending and more uncontrolled immigration.
MathMom commented:
The good thing about the human brain is that it can continue to learn. It’s possible that Merkel is beginning to learn, even though she would hardly pass for a Tea Partier on this side of the Atlantic. Really, Europe is the fault of Americans who have footed the bill for their security for 60+ years, allowing them to remain teenagers in the parents’ basement all this time.
But even coddled teenagers can get a dose of reality and join the productive part of society, if they are shocked out of the basement, for example, if the parents die. Reality comes calling very quickly.
I think some of Europe is beginning to awaken, and let’s hope and pray that the over-indulgent parent, ie America, isn’t dead, but is just ill and can recover. LEt’s also hope Europe as a whole begins to see that we have a snake-oil salesman as preznit, and that they just begin to ignore him.
When I’m discouraged about the state of the nation and the world, I turn to the sayings of wise philosphers.
Communism doesn’t work because people like to own stuff.
Frank Zappa
US musician, singer, & songwriter (1940 – 1993)
Mats commented:
Never thought I’d say this, but here it is:
The eurabians are right and the president of the USA is wrong.
There. I said it.
kato commented:
Blowhard would probably be more comfortable in a group of African nations. His regime has been much like those of the black criminals who have run Africa for the past 50 years.
Andreas K. commented:
It’s possible that Merkel is beginning to learn,
Merkel is stuck in her party’s shift to the left wing. She’s not learning anything. Her CDU/CSU has shifted so far to the left, it’s not even remotely funny anymore. They have betrayed everything the party used to stand for.
Btw, the C stands for Christian.
down with dems commented:
Only an idiot keeps doing what she’s been doing and expects different results. Merkel has actually learned something.
Only an idiot does something, exactly the same way, that has failed for someone else and expects a different outcome. That idiot is Barack Hussein Obama.
CommieBlaster commented:
JUST FOUND!
OBAMA’S KENYAN BIRTH CERTIFICATE
http://www.commieblaster.com
Kerry Soileau commented:
Another dividend of 0bama’s Apologize and Grovel Tour 2009.