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March 26, 2009
The way to hell
You know you elected the wrong guy when your President is well to the left of the Czech prime minister. Though admittedly Mirek Topolanek appears to be something of a fluke this is only because the word Europe has become synonymous with France.
Referring to Obama's high-spend plans to lift his country out of recession, Topolanek said: "The United States did not take the right path. All of these steps, these combinations and permanency is the way to hell. We need to read the history books and the lessons of history and the biggest success of the [EU] is the refusal to go this way".
The US plans to pump $1trillion into its financial system by buying up treasury assets and mortgage securities, along with a $787bn economic stimulus package of tax rebates, health and welfare benefits. But many EU leaders have urged member states to exercise fiscal restraint on government spending, rejecting calls from the US for more stimulus deals.
The US plans to pump $1trillion into its financial system by buying up treasury assets and mortgage securities, along with a $787bn economic stimulus package of tax rebates, health and welfare benefits. But many EU leaders have urged member states to exercise fiscal restraint on government spending, rejecting calls from the US for more stimulus deals.
Budget restraint and stiffer banking regulations appear to have sheltered Canada from the first, worst effects of the current mess. Obama, by contrast, seems determined to reward failure.
Posted by Ghost of a flea at March 26, 2009 05:47 AM
