Wednesday, March 25, 2009

Europe: the US is too Socialist


A top European Union politician on Wednesday slammed U.S. plans to spend its way out of recession as "a way to hell."

Czech Prime Minister Mirek Topolanek, whose country currently holds the EU presidency, told the European Parliament that President Barack Obama's massive stimulus package and banking bailout "will undermine the stability of the global financial market."

A day after his government collapsed because of a parliamentary vote of no-confidence, Topolanek took the EU presidency on a collision course with Washington over how to deal with the global economic recession.

Most European leaders favor tighter financial regulation, while the U.S. has been pushing for larger economic stimulus plans.

Topolanek's comments are the strongest criticism so far from a European leader as the 27-nation bloc bristles from recent U.S. criticism that it is not spending enough to stimulate demand.

They also pave the way for a stormy summit next week in London between leaders of the Group of 20 industrialized countries.

Welcome to the new era of "change" in which we "wow" the world and mend fences with other countries.


Red March 25, 2009 at 11:20 AM  

Four years is taking f o r e v e r.

Anonymous,  March 25, 2009 at 11:21 AM  

You know you've gone too far when Europe calls you out.

Heck,by this time next month we just might communist at the rate Obamabi is going.

James Wolfer March 25, 2009 at 7:43 PM  

I wouldn't take what Mirek Topolanek says too seriously.

From the Washington Post:

"Topolanek's critique came one day after his government was toppled by a no-confidence vote by opposition lawmakers in the Czech Parliament. Although he will remain prime minister for the time being, his shaky position at home raised questions about whether he could remain effective as the E.U. president until his country's six-month term expires at the end of June."

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