So Much for Our Standing in the World
ByDoes anyone remember hearing, over and over again, how a President Barack Hussein Obama would improve our standing in the world? I’m sorry to report things aren’t going as planned.
The Jihadists still don’t like us. The Chinese like us a bit less. Russia’s still not that into us, even though Obama offered to throw Poland under the bus (it’s getting really crowded down there!) and the UN calls us deadbeats.
At least we have our long time allies like Great Britain and almost every other free country, right? Well, not so much. First of all, when our friends try to call to talk about the economy, there’s nobody at the US Treasury to answer the phone. In this economy you would think they could find a receptionist.
Even if someone did answer the phone, they probably wouldn’t like what they hear. For some reason the rest of the world doesn’t think running up massive amounts of debt is the answer to their fiscal woes. Tim Geithner may want to rethink his message.
The U.S. mantra of spend, spend, spend is starting to wear thin on the other side of the pond.
European countries appear to be at odds with Treasury Secretary Timothy Geithner’s fresh calls to unleash more stimulus money and free up a half-trillion dollars to lend to struggling countries.
It could lead to a tense discussion as Geithner heads to Britain to meet with finance officials from the Group of 20 nations Friday and Saturday. Those meetings come ahead of an April 2 summit of the G-20 in London.
As the U.S. calls for more spending, more Eastern European countries also are coming to the table hat in hand, looking for financial help from the International Monetary Fund and other groups — but does the rest of the world have the money to give?
I guess we’ll have to wait until Obama’s dream of a new world order is fulfilled before the love starts to rain down on us. Until then, it looks like our allies will be missing President Bush while our enemies are doing cartwheels over the cowboy’s departure from Washington.
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The hits just keep on com’n. The Chinese decided to play chicken with us in the South China Sea. N. Korea is launching a satellite. Iran will end up with missiles from Russia. All of them will continue to push us around. And why not, we have a wimp as the CEO.
On the last day of the Chinese People’s meetings, Leader Wen Jiabo said he’s worried about our debt. Not that they could not enjoy owning Washington Monument, The Capitol building a few other landmarks, but the real purpose of the comment was to twist the knife.
We can’t pay our debt, we know that and so do the Chinese. Only solution is inflation. Cheap money to pay it off, hurts the citizens but gets gov’t out of hot water short term.
Next round China will ask for higher interest, just like at the loan sharks.
Can we now start yelling “I told you so”?
You betcha!