Europe Does Not Like to be Lectured
Most people do not like to be lectured by people who are in the same situation as they are. Such is the case for President Obama, who has come under fire in Europe for his recent remarks regarding Europe’s fiscal crisis and how it’s affecting the U.S. economy.
“The most important trigger of the financial and economic crisis was U.S. banks and their insane real-estate dealings,” the German newspaper Bild wrote. “The U.S. 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.”
It sounds like the issues, other than the battle between the right and the left, are the same issues conservatives have been standing up for all year. A stand caused the battle because the big-government left will do almost anything to avoid giving up a penny of spending.
Those “insane real-estate dealings” the paper is referring to was the loans that banks were forced to give to homeowners who could never pay them back. And who forced those loans? Why, I believe it was Chris Dodd and Barney Frank, the same politicians who just wrote the massive regulatory bill designed to fix the same problem.
President Obama has added just as much debt in the first 3 years of his Presidency as President George W. Bush did in his entire 8 years. At this rate, we’re soon to be facing the same economic collapse as Europe.
It is painfully obvious that President Obama and the left won’t get serious about cutting spending and growing the economy – they seem to prefer choking it through regulations and the threat of higher taxes. If our country is to have any hope, good conservatives need not be afraid of the smears, lies and demagoguing from the other side. They have to fight, at every turn, for what is right for our country.