Bashing America At The G20, Part 1

President Obama addressed the G20 on Wednesday.  Here are some excerpts:

On the eve of a global economic summit, President Barack Obama promised world leaders he would listen, not lecture, as they seek a common fix to the financial crisis. "We can only meet this challenge together," he said Wednesday as the U.S. and Russia spoke on the summit sidelines about nuclear warhead reduction.The flurry of diplomacy came as Obama stepped on the world stage for the first time as president, aiming to shore up both America's economy and its reputation across the globe.

Okay, this annoys me right off the bat.  First of all, why is he apologizing for America's existence?  As America's primary ambassador to the world, shouldn't he be America's biggest cheerleader?  More on that in a moment, but let's move on:

Obama sought to restore consumer confidence and encourage people to think about spending now to help their future.

"Basing decisions around fear is not the right way to go," he said. "We are going to get through this difficult time."

The president also disputed criticism that the United States was feuding with other nations about the need to pump more money into economic stimulus policies.

"I am absolutely confident that this meeting will reflect enormous consensus about the need to work in concert to deal with these problems," Obama said.

Seriously??  He's confident of a consensus for a consensus?  This is the best he's got??  Speechwriter extraordinaire David Axelrod must have been out sick or something.

But the substance of the conference's talks are anything but positive for America:

The official G-20 talks that President Barack Obama is in London for today do not begin until tomorrow. But outlines of the deal President Obama and other world leaders will agree to have been noticeable for weeks … and it is not good news for the American people.

From the beginning, the Obama Administration and European Union leaders have been clear about what they wanted from Thursday's meeting. Obama wants European nations to engage in more deficit spending (even though they have to pay significantly higher interest rates) to help jump start the global economy. EU leaders want firm commitments from the Obama Administration to agree to global financial regulation. Slowly but surely the two sides have come together.

For example, on March 14 German Chancellor Angela Merkel said she would not enact any further economic stimulus until the first round had time to take effect. But just twelve days later Merkel injected 82 billion euros ($110 billion) into the German economy, the largest bout of European stimulus spending to date.

Returning the favor, U.S. Treasury Secretary Timothy Geithner signaled the Obama Administration was more than willing to submit to global financial regulations telling reporters: "Our hope is that we can work with Europe on a global framework, a global infrastructure which has appropriate global oversight." This is just about the worst agreement that the summit could possibly have produced. It's the worst of both worlds: more so-called stimulus spending for everyone, a globalization of Europe's slow-growth economic model, and a subversion of U.S. sovereignty by a new global super-regulator. Heritage analyst Theodore Bromund explains:

Europe's call for a global regulator with a mandate to ensure the stability and balance of the world economy would be a tremendous step toward forcing its slow growth model on the rest of the world. … These policies are a return to the concept of one size fits all and to the belief that politicians and unelected bureaucrats on the global level can effectively manage the world's economy. Europeans should ask why, if this model works so well, it failed to stop the build-up of systemic risk in Europe.

Instead of more deficit spending and increased bureaucratic control G-20 nations should be working to fight rising protectionism worldwide and addressing the common entitlement crises that they all share.

As I've said before, Obama is a globalist.  He actually wants to take America down a few notches to bring it into line with other nations.  He doesn't want America to stand as the lone superpower in the world, the last bastion of freedom in the world.  He doesn't want American military victory.  He doesn't want a full and fast economic recovery.  He doesn't believe in American exceptionalism.  He's not America's biggest cheerleader, nor is he an outsider to the European socialist clique like Bush was.

He's one of them.

There are protesters going nuts in London, decrying capitalism and America's leadership role in this crisis.  What they fail to understand is that Obama is an anti-capitalist, and it is his anti-capitalist policies that have spurred the bulk of the decline over the past few months.

But hey, no one ever accused a socialist mob of being intelligent.  They want socialism, but not the impoverishment that it brings.  Real brainy.

I'll report more on the upcoming apologies and America-bashing from our very own President in the days to come.

There's my two cents.