Thursday, April 02, 2009

They Failed - G20

BBC News: Reports on the G20 Conference. BBC News 24 are treating as the second coming because its Obama, get a grip folks. Thus down the conference, Obama wanted the G20 to spend money as he had done in his Economic Plan, it was not got going to happen, the Governor of the Bank of England has placed a veto on any such move by UK PM Gordon Brown, France and Germany had spent all the leaders of these two countries thought it was needed. Thus the conference was between Economic Stimulus and Regulation. The regulation won, but it also failed, as the US Congress is not going to give up one inch of power to Europe. This is the hard brutal politics. The voter on the main street is going to think he or she was conned, Obama of the secular second coming had to accept the European view of the crisis. Thus on one hand Obama will spend trillions the rest of the World will not, thus we reach a crunch. If the US economy can not be matched by the rest of the World, it will not matter how much Obama spends. Thus what ever the BBC thinks this was a failure for President Obama, but worst folks the Joe on main street will react in a negative manner, UK PM Gordon Brown will be out on his ear in 2010 and Obama two years in 2012.

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