Europeans are underwhelmed with the latest Obama Drama. With the sanctimonious attitude of a faux professor, Obama lectured Europeans on the importance of restoring fiscal responsibility to the European Union.
As humorous as it sounds, the Europeans found nothing to laugh about; in fact, they are insulted and indignant over the presumption of a profligate wastrel like Obama lecturing anyone concerning fiscal responsibility.
In California on Monday the 26th Obama warned the Europeans about their debt, stating that the European inaction was:
scaring the world. (That they)…have not fully healed from the crisis back in 2007 and never fully dealt with all the challenges that their banking system faced. It’s now being compounded by what’s happening in Greece. They’re going through a financial crisis that is scaring the world, and they’re trying to take responsible actions, but those actions haven’t been quite as quick as they need to be.
The Europeans feel he is merely searching for another scapegoat to pin his own failures upon for the Americans to whom he was pandering for donations for his reelection campaign.
Geitner added to his own cartoonish caricature at the annual meeting of the International Money Fund and the World Bank by warning that the European debt crisis is:
the most serious risk now confronting the world economy. He said Europeans needed to do more to create a “firewall” against further contagion and talked of the threat of “cascading default” and runs on banks. “Decisions as to how to conclusively address the region’s problems cannot wait until the crisis gets more severe.”
Germans reacted angrily to Geitner’s arcane remarks by replying that the US is in no position to offer advice with its $14 trillion national debt.
Unfortunately, European leaders urged Obama to find a solution during the debt ceiling crisis earlier this year, but by Wednesday the German press was ridiculing Obama and Geitner. The mass-circulation Bild wrote:
“Obama’s lecture on the euro crisis … is overbearing, arrogant and absurd. … In a nutshell, he is claiming that Europe is to blame for the current financial crisis, which is ‘scaring the world.’ Excuse me?”
“The American president seems to have forgotten a few details. The most important trigger of the financial and economic crisis was US banks and their insane real-estate dealings. The US is still piling up debt … The American congress is crippled by a battle between the right and the left. The banks are gambling just as recklessly as they did before the crisis. The president’s scolding is a pathetic attempt to distract attention from his own failures. How embarrassing.”
From the center-left Süddeutsche Zeitung:
“One needs to remember the context within which Obama’s scolding of the Europeans took place. It was an event where the president was raising money for the Democrats and where he wanted to explain to voters why the US economy is much worse off than he and his economic experts had believed until recently. Hence his criticism of the EU was simple electioneering.”
“The problem, however, is that the US president is absolutely right. For far too long, the Europeans — including the Germans — treated the financial crisis as a purely American problem. They have still found no solution for their own debt crisis. Now Europe’s problems are having a negative impact on growth and jobs around the world, including in the US. It would not be an exaggeration to say that Europe is threatening Obama’s already precarious chances of reelection in 2012. That is something that surely does not leave Obama cold. In that respect, it doesn’t help much to point out that, once the Europeans have got their house in order, the financial markets will return their attention to America’s debt crisis and its ailing political system. Financially, Europe is currently the most dangerous place in the world.”
From the center-right Frankfurter Allgemeine Zeitung:
“Dark clouds have gathered over the American president. The gloomy state of the economy is putting a dampener on Obama’s future prospects. The optimism of the past is gone, replaced by a cheap search for a scapegoat.”
“Obama thinks he has found one. He blames the Europeans for reacting too late to the debt crisis. We Europeans are apparently taking on too little new debt to get out of the crisis. But we are already feeling the wonderful effects of borrowing too much money.”
The Obama Myth has crashed and burned in Europe. They have seen through the hope and hype, while realizing the inane ineptness of our Narcissistic Socialist Ideologue who is to dense to realize that none of his plans or policies have worked. The only ones who still believe the empty phrases and platitudes are Leftist Ideologues and the feeble minded, but even the Socialist ideologues of Europe realize the incompetence of Obama.