Posted on 05/20/2012 9:22:07 AM PDT by mojito
CAMP DAVID, Md. — Leaders of the world’s wealthiest nations opened the door Saturday to more government spending in Europe as way to revive the continent’s struggling economy, shifting away from the idea that the surest way to recovery was through strict fiscal austerity.
Meeting at the Group of Eight summit at Camp David, President Obama and his fellow leaders said they were committed foremost to creating jobs and growth, a shift, at least in emphasis, from previous gatherings dominated by German efforts to reduce high government debt through drastic fiscal reform.
In a joint statement, the leaders of eight of world’s richest countries said they would promote investment in education and infrastructure, as they also sought to rein in government debt. Obama, who has pushed for additional fiscal stimulus in the United States, said the new agreement affirmed the course his administration pursued during the financial recession at home. He said the move toward economic stimulus bolstered Europe’s chances of surviving the crisis.
“The direction the debate has taken recently should give us confidence that Europe has taken significant steps to manage the crisis,” Obama said in a brief statement to reporters outside his wooden cabin nestled in the leafy presidential retreat in the Catoctin Mountains. “There is now an emerging consensus that more must be done to promote growth and job creation right now in the context these fiscal and structural reforms.”
(Excerpt) Read more at washingtonpost.com ...
Why does the link not match up with the title pof the story???
They mean “Spending Other Peoples’ Money”.
Typical liberal logic
It matches up on my side
Of course.
Why hold a meeting on this when we all know what the outcome will be.
UN=We want your money, damn it!
[Chorus]
“You picked a fine time to leave me, loose wheel
With four hungry children and a crop in the field.
I’ve had some bad times,
I’ve lived through some sad times,
But this time the hurtin’ won’t heal.
You picked a fine time to leave me, loose wheel.
Yeah that makes sense: If you’re having money trouble, spend more money. That’s what my fellow die and I do ....
Gotterdammerung, here we come.
BLOAT
You Bitch! You Slut! You Whore!
Translation: The ECB and the US Fed will print money to infinity and beyond. Of course it won’t work but guess who gets left holding the IOU’s?
Your kids and grandkids.
Don’t you feel better now.
The world has been saved.
If your grandkids can pay the bill.
I never got my Obama pony. Can I have a Ducati instead?
“Socialists of a feather flocking together in a failed last hurrah of keynesian insanity.”
####
Nice sentence.
However, I doubt if it is the last hurrah of Lord Keynes’ embarrassingly wrong economic mythology.
Only socialists, enabled as they are by fiscally ignorant voters, are able to consistently ignore the slam-dunk historical record of Marxism as a failed system of government/economics.
So they got together and decided that they’re right: they’re going to keep spending. :)
Wonder where they’re going to get the money from.
Oh right, the grandkids.
Hate to be them. :)
Absolutely amazing. Even a total moron could see that it is the spending that got them in the condition they are in (and we here in the US are Hell-bent on following in their footsteps.
“Another round on the house!”
That will fix things.....
Unfortunately, Spending is the only option left to keep Grandma, who has been DEAD now for quite some time, propped up in the rocking chair under the premise that she's just taking a nap.
Fools, all.
Adjusted for inflation the $5T that Barry has spent in 3 1/2 years is the same amount FDR spent on WWII. Think about it.
They aren’t “World Leaders” they are World Destroyers hell bent on power and control.
PERIOD!
Now that’s funny.
Where I click on your link I get the following...
Iranian Nukes???
And when I try to put this in face book the title of the article does not match either.
Very strange...
Eventually they will die, though. Look at the bright side. And who knows when “eventually” may happen!
None of them plan on being around in a few decades to reap the whirlwind.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.