Barack Obama sent a letter to leaders of the G-20 nations urging them to keep the printing presses running overtime so they can continue their crazy Keynesian spending spree. German Chancellor Angela Merkel said “Ain’t gonna happen.” Of course, she said it in German, so that may be a rough translation.
Germany’s English language newspaper The Local reports:
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.
“She said nine,” Joe Biden whispered to Obama. “I think she’s going to spend nine times as much next year just like we are.”
Source: The Local
This post was last modified on March 8, 2021
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If only we could borrow Angela for awhile to run amerikah. Our non citizen and village idiot leader never made change from a kool aid stand. He hates capitalism and is completely communist trained. The dumbokrats have purposely created a parasite class of financial, gubmit cheese eating zombie parasites.
This just in....In a letter today from German Chancellor Angela Merkel, the Chancellor asked President Barak Obama to take a cold shower the next time he thinks about spending. In a gesture of goodwill, she suggested that he try several fine historic shower facilities available in Germany, some dating back 60 years or more.
Damn I hate that TheLocal.de site. SOOOOO MANY KOOKS!!!Editor, are the folks that produce that site Left or Right Politically? The commenters are all little Hitlers and Stalins.
MichVet-not arrogance, but plans. This man has a plan to bring us to a grinding hault, and push us to all out Marxism. There is no other reason a reasonably educated man would make decisions like this-NONE!
Correct as usual, sir.
The Germans are to the EU as the American taxpayer is to the government - getting screwed to support others.
Ms. Merkel realizes that if she kills the German economy, it's not good. Mr. Obama, for some strange reason, cannot grasp that killing the U.S. economy is not good. Arrogance?
barry has done a brilliant job of chasing Merkel right into the arms of the freaking russians. he continues to make us the outcasts of the world. It is grim-very, very grim.
OMG - Barack is able to outspend Europe?
Why not? In land mass and total population, we're about equal!
That's what cracks me up when libs keep trying to get us to do things like ONE of the EU countries. They are a country about the size of a state or two.