Obama In Wonderland: Obama Pens Letter to G20 Nations to Increase Government Spending, Then Says He’s Serious About Reducing Deficit


Welcome to Obama in Wonderland …

President Barack Hussein Obama was on record that he wanted the G20 nations to increase government spending in order to grow the world economy. The European leaders led by Merkel had other ideas. Thank you Barack Obama, you just made the US irrelevant on the world state thanks to your socialist progressive agenda.


But European leaders, led largely by German Chancellor Angela Merkel, have pushed back on increased spending as deficits rage out of control.

Those European leaders appeared to win out over the weekend at the G-20 summit in Toronto as the world’s leaders agreed to cut deficits in half by 2013.

The G20 nations, namely European socialist countries, SAID NO!

Today’s G-20 meeting has been advertised as a showdown between the U.S. and Europe over more spending “stimulus,” and so it is. But the larger story is the end of the neo-Keynesian economic moment, and perhaps the start of a healthier policy turn.

For going on three years, the developed world’s economic policy has been dominated by the revival of the old idea that vast amounts of public spending could prevent deflation, cure a recession, and ignite a new era of government-led prosperity. It hasn’t turned out that way.

So after Obama and his economic policies were rebuked, Obama then sayshe is serious about reducing deficits. Please. This from the President that has done nothing but put the US into record deficits and tripled them in his first term in office. Now he is promising to cut the deficit in half by 2013. This from the man who promised how many jobs would be created, Obamacare would lower health care costs and reduce the deficit and a $787 billion stimulus package would keep unemployment under 8%.

I believe Obama’s nose actually grew when he said that he would cut deficits in half by 2013. Thankfully, Obama will not be around in 2013, God willing.

If you liked this post, you may also like these:

  • Barack Obama, the Economy Is Strengthening, Remain Calm, All is Well … In the Midst of a Global Economic Meltdown
  • 73% of Americans Believe that Wasteful Governemnt Spending to Blame for Federal deficit
  • Obamanomics: The Final Pathetic GDP for 2011 is … 1.7% … Oh Yeah, Let’s Give Obama 4 More Years
  • President Barack Obama Weekly Address, “We Need a Government That Lives Within Its Means”
  • President Barack Obama’s New Budget: $1.65 Trillion Deficit for This Year

  • Comments

    6 Responses to “Obama In Wonderland: Obama Pens Letter to G20 Nations to Increase Government Spending, Then Says He’s Serious About Reducing Deficit”

    1. megamooo on June 28th, 2010 7:58 am

      Obama is talking more and more out of both sides of his a**. How ridiculously desperate has he become to think anyone still believes anything that comes out of his mouth ???

    2. A Texas Grandfather on June 28th, 2010 8:00 am

      Unfortunately for Barry, he is about three years out of step with Europe and the other G20 members. They have lived through his type of change and found it to be very destructive. SM is quite right in pointing out how irrevelant he has become. He has made the USA a laughing stock of the world.
      Eating crow may indeed make one’s nose grow longer.

    3. Brenda on June 28th, 2010 11:39 am
    4. Brenda on June 28th, 2010 11:42 am

      With the Great Zero in the WH, I feel America is in a similar situation as when I first started leaving my kids home alone as teenagers. Once the ADULTS get back to the “house” and in charge, what kind of mess will we find the KIDS left? What is broken? Who was let in that wasn’t supposed to be there? Did they get into our coin jars and replace quarters with pennies? Oh dear!

    5. teri on June 28th, 2010 5:33 pm

      Who voted for him, seriously?!?! His views were told by him in his books his voters claim to have read and been so impressed by.

      While page 261 covers his stance on immigration, he states that Amercan’s owe people of other countries etc and that he will always stand for them.

      Obviously he is too! Who the hell votes for a President that stands for every single country but the one they live in!!!

    6. southernsue on June 29th, 2010 7:11 am

      teri, the college kids, their professors and 95% of black people are who voted for this dolt.

      we need to start teaching our children to be more patriotic and to love their country. we need to give them a firm foundation of what is right and what is wrong. if we can get back to this with our kids, the radical school system and tv programs will not be able to sway them to their radical ideas.

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