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EU presidency: US stimulus is 'the road to hell'

Posted: Wed Mar 25, 2009 1:31 pm
by travelinman67
EU presidency: US stimulus is 'the road to hell'
EU president calls Obama's plans to spend his way out of recession 'the road to hell'

Aoife White, AP Business Writer
Wednesday March 25, 2009, 3:38 pm EDT

http://finance.yahoo.com/news/EU-presid ... 37788.html
BRUSSELS (AP) -- The head of the European Union slammed President Barack Obama's plan to spend nearly $2 trillion to push the U.S. economy out of recession as "the road to hell" that EU governments must avoid.

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AP - Czech Prime Minister Mirek Topolanek puts on headphones Wednesday, March 25, 2009 at the European Parliament in ...

The blunt comments by Czech Prime Minister Mirek Topolanek to the European Parliament on Wednesday highlighted simmering European differences with Washington ahead of a key summit next week on fixing the world economy.

It was the strongest pushback yet from a European leader as the 27-nation bloc bristles from U.S. criticism that it is not spending enough to stimulate demand.

Shocked by the outburst, other European politicians went into damage control mode, with some reproaching the Czech leader for his language and others reaffirming their good diplomatic ties with the United States. The leaders of EU's major nations -- France, Britain and Germany, among others -- largely ignored Topolanek and his remarks.

...Topolanek took aim at Washington's deficit spending.

"All of these steps, these combinations and permanency is the road to hell," Topolanek said. "We need to read the history books and the lessons of history and the biggest success of the (EU) is the refusal to go this way."

"Americans will need liquidity to finance all their measures and they will balance this with the sale of their bonds but this will undermine the liquidity of the global financial market," Topolanek said.

...Martin Schulz, leader of the Socialist group in the European parliament, immediately chided Topolanek, saying his comments were "not the level on which the EU ought to be operating with the United States."

"You have not understood what the task of the EU presidency is," he told the Czech premier.
...indeed. In our New World of global socialism, there's no room for dissent...

Re: EU presidency: US stimulus is 'the road to hell'

Posted: Wed Mar 25, 2009 1:57 pm
by Cap'n Cat
In the immortal words of our very own AZGrizFan:

"You think I give a flaming fvck what Pierre in Paris or Gustav in the Czech Republic thinks of America?"




:lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:

Re: EU presidency: US stimulus is 'the road to hell'

Posted: Wed Mar 25, 2009 2:36 pm
by Grizalltheway
Czech PM Topolanek toppled in no-confidence vote

http://www.independent.co.uk/news/world ... 53877.html

Re: EU presidency: US stimulus is 'the road to hell'

Posted: Wed Mar 25, 2009 2:41 pm
by AZGrizFan
Cap'n Cat wrote:In the immortal words of our very own AZGrizFan:

"You think I give a flaming fvck what Pierre in Paris or Gustav in the Czech Republic thinks of America?"




:lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:
I really don't care either, Cappy, but it is interesting that one of the few that actually GET it is from the tiny little Czech country.

Re: EU presidency: US stimulus is 'the road to hell'

Posted: Wed Mar 25, 2009 2:45 pm
by dbackjon
WTAG wrote:Czech PM Topolanek toppled in no-confidence vote

http://www.independent.co.uk/news/world ... 53877.html
Sounds like even his own party thought he was an ass :lol: :lol: :lol:

Re: EU presidency: US stimulus is 'the road to hell'

Posted: Wed Mar 25, 2009 8:39 pm
by Grizalltheway
dbackjon wrote:
WTAG wrote:Czech PM Topolanek toppled in no-confidence vote

http://www.independent.co.uk/news/world ... 53877.html
Sounds like even his own party thought he was an ass :lol: :lol: :lol:
Dude is just using this as a means to distract the populace from his public humiliation. :roll:

Re: EU presidency: US stimulus is 'the road to hell'

Posted: Thu Mar 26, 2009 5:25 am
by Appaholic
So now the Europeans get it....before, they were just a bunch of coddeled socialists, but now we should start taking advice from them regarding economic issues.....maybe even let them be Chairman of Joint Chiefs as well....

Re: EU presidency: US stimulus is 'the road to hell'

Posted: Thu Mar 26, 2009 6:13 am
by OL FU
Ah Jokes they are an easy way to say something when one has nothing to say about an issue. I know I have used that tactic myself.


There is a reason that the EU put in place caps on deficit spending. They lived through 40 years of the debilitating effects of deficit spending on their economies. :!:

Re: EU presidency: US stimulus is 'the road to hell'

Posted: Thu Mar 26, 2009 6:26 am
by Appaholic
OL FU wrote:Ah Jokes they are an easy way to say something when one has nothing to say about an issue. I know I have used that tactic myself.


There is a reason that the EU put in place caps on deficit spending. They lived through 40 years of the debilitating effects of deficit spending on their economies. :!:
I guess getting the shit bombed out of them had nothing to do with their slow recovery..... :roll:....oh, and let's not forget half of the continent being a communist state during those 40 years.....

All I'm saying is being from the EU does not an economist make.....and, prior to this poor-mouthing of Obama, the vast majority of conks on this board would agree with that statement.....but now it's valid?

Re: EU presidency: US stimulus is 'the road to hell'

Posted: Thu Mar 26, 2009 6:31 am
by OL FU
Appaholic wrote:
OL FU wrote:Ah Jokes they are an easy way to say something when one has nothing to say about an issue. I know I have used that tactic myself.


There is a reason that the EU put in place caps on deficit spending. They lived through 40 years of the debilitating effects of deficit spending on their economies. :!:
I guess getting the shit bombed out of them had nothing to do with their slow recovery..... :roll:
yeah from about 1945 to 1960 :roll: