American presidents in glass houses . . .

| November 28 2011
Christopher Cook

I saw this headline a short time ago:

Obama to press EU leaders over debt crisis

Really? What is he going to say?

Uh, you know, you guys should really get your spending under control.

Nope. Even the American media wouldn’t let something like that slide. How about . . .

“He understands that it is a European leadership issue,” said Heather Conley of the Center for Strategic and International Studies in Washington.

Obama and the EU officials will release a statement after their summit ends, with Obama almost certain to restate his confidence that Europe’s leaders can handle the crisis if they show the political leadership to do so.

Oh, leadership. I get it. Yes, because Obama has shown such leadership himself on our own debt crisis here in America. He’s created commissions and then ignored their recommendations. He was mostly AWOL on the debt ceiling debate, playing golf and allowing Congress to wrangle over the subject, occasionally chiming in to score a few cheap political points.

So how is he going to “press” them, exactly? We have the same problem as they do. We’re not at the crisis stage they are yet . . . but unlike them, our problem is so big that there’s no one to bail us out. If I were in Obama’s shoes, I wouldn’t have the audacity to press anyone, unless it was in a direction that might actually fix something. And as Obama has demonstrated, he has little interest in fixing anything, or at very least, no clue as to how to do so.

He and his European counterparts do have something important on the agenda, of course . . . massive government interference in free markets!

Barroso and Van Rompuy will arrive to Washington with ideas about how to boost trade and investment across the Atlantic to try to stoke growth while the sovereign debt strains gripping Greece, Italy, Spain and elsewhere are addressed.

Those include efforts to support emergent sectors like electric cars, smart grids and nanotechnology — for instance with less red tape and lower import tariffs — and to encourage more raw materials trade.

Yes . . . crippling debts, produced by decades of unsustainable government spending, are threatening to collapse the economies of western civilization. What’s their answer? More government spending! On technologies that probably cannot support themselves in the one market, no less.

Good thinking, gents.

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