Wednesday, September 28, 2011

Obama "The Audacity of Failure"

It's one thing to see Obama fumbling an displaying his ignorance on economic matters here in the United States.  It's quite another to have him making strikingly moronic statements to other world leaders.  Obama, brazenly chastised European leaders (I guess he wants to now blame the Europeans for his political downfall) by warning:

"...the European financial crisis is scaring the world..."

The response was an embarrassing rebuke of the President of the United States, by German Finance Minister, Wolfang Schauble:

"It's always much easier to give advice to others than to decide for yourself. I am well prepared to give advice to the US government."

The Finance Minister could be referring to $1.3 Trillion in current Annual Budget Deficits, Increasing National Debt to $14 Trillion (equaling Bush's Debt of 8 years in 2 years)...while at the same time, ignoring Entitlement Cost Reform while greatly expanding Entitlement Costs with ObamaCare. The results: for the first time in history the United States of America lost its AAA Debt status, companies won't hire, houses won't sell... 

President Obama had crackerjack US Treasury Chief Tim Geithner offer his plan of increasing the Euro lending limit.  Finance Minister Schauble fired back:

I don't understand how anyone in the European Commission can have such a stupid idea. The result would be to endanger the AAA sovereign debt ratings of other member states. It makes no sense.

It says a lot about Obama's epic failure and beyond that.  Obama doesn't understand he has failed. He thinks he can lecture the Europeans, most who still have their AAA debt ratings.

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