E.U. President Calls Obama’s Economic Policies: “A road to hell”
The president of the European Union today ripped the Obama administration’s economic policies, calling its massive deficit spending and bank bailouts “a road to hell.”The comments by Mirek Topolanek, the prime minister of the Czech Republic, which holds the E.U.’s rotating presidency, startled some U.S. and European officials, who are busy preparing for Obama’s visit next month to several European cities, including Prague.
In an address to the European Parliament in Strasbourg, France, Topolanek abandoned diplomatic niceties and blasted Washington for approving a $787 billion economic stimulus package, which he said encouraged “protectionist” trade policies. He said Washington’s overall strategy for ending the recession would flood global markets with too many dollars and lead to bigger problems in the future.
“All of these steps, these combinations and permanency, is the road to hell,” Topolanek said. “The United States did not take the right path.”
(Excerpt) Read more at washingtonpost.com
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Topolanek said. “The United States did not take the right path.”
The leader of an infant Eastern European republic knows better than most Americans. He’s absolutely right… We haven’t been on the right path since the Reagan era ended. Twenty years of drifting leftward has rendered us impotent.