Theodore's World: Obama Joins With French Socialist Leader at G8 – Urges More European Stimulus Spending

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May 20, 2012

Obama Joins With French Socialist Leader at G8 – Urges More European Stimulus Spending

Barack Obama joined with the socialist president of France to urge bankrupt European nations to spend more money they don’t have.


U.S. President Barack Obama will press European leaders to ease up on fiscal austerity and focus on economic growth at a summit on Saturday that will discuss ways to stem turmoil in the euro zone and head off the risk of global contagion.

At the wooded Camp David retreat in Maryland’s Catoctin Mountains, Obama and leaders from other large economic powers will try to forge a common approach to tackling a crisis that threatens the future of Europe (Chicago Options: ^REURUSD – news) ‘s 17-nation single currency.

Though no major policy decisions are expected from the Group of Eight summit, leaders hope they can bridge enough of their differences to soothe rattled financial markets after worries about the risk of a Greek exit from the euro zone sent European stock prices to their lowest level since December.

“Hopefully we’ll get some stuff done,” Obama told Italian Prime Minister Mario Monti as he and other summit participants arrived for Friday evening dinner at a lodge at the secluded presidential retreat.

Obama earlier in the day aligned himself with Monti and new French President Francois Hollande by urging a solution to the euro zone crisis that combines fiscal belt-tightening measures with a “strong growth agenda.”

On the other side of the debate is German Chancellor Angela Merkel, who has pushed fiscal austerity as a means of bringing down huge debt levels that are burdening European economies.

Voters in euro zone countries have shown frustration with that approach, ejecting governments such as that of Nicolas Sarkozy, who wasdefeated by Hollande, a socialist, in the May 6 French presidential election.

Wild Thing's comment.........

He’s not just satisfied with obliterating the US economy. He wants to destroy Europe, too.

Posted by Wild Thing at May 20, 2012 02:55 AM


"Hopefuly we'll get some stuff done".

"Stuff", appears to be one of the Charlatan's favorite terms, when discussing the poilices, actions and other functions of Government.

I don't know about you, but I don't have much confidence in a leader who cannot give specifics, but chooses to use the term "stuff".

Yet, this "stuff", is what we have been hearing from this fool and his Administration, since they took office.

He spent the good portion of his, first few months in office bad mouthing and runnning down the strengths of America and our ability to influence other Nations to follow our lead.

Now, he expects all of his fellow leaders to fall in behind his policies and ideas. I can just imagine what they are thinking, and it isn't good.

We have a real choice coming this November, let's not fail ourselves and the future generations, by sending this, "Falied President", back for 4 more years of this "Stuff".

Posted by: Sean at May 20, 2012 10:36 AM

I think that obama is probably highly envious of the EU economy. It is failing fast and is a good example of too much govt. and New World Order mentality(one world govt and economy). obama just does not want to see them consider changing direction back to capitalism and nationalism.

Posted by: TomR,armed in Texas at May 20, 2012 12:48 PM

Sean and Tom, great input to this, thank you soooo much.

Posted by: Wild Thing at May 20, 2012 07:30 PM