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"Obama's" G20: FAIL

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Bloviating Zeppelin: "Obama's" G20: FAIL

Bloviating Zeppelin

(in-ep-toc'-ra-cy) - a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.

Saturday, November 13, 2010

"Obama's" G20: FAIL


I submit this one-word summary of the recent G20 conference in Seoul, Korea, with regard to our lovely Mr Obama:


FAIL.

And not, I believe, a simple fail but -- instead -- an Abject Fail.

For example, from Reuters:

Analysis: German tempers fray as U.S. policy gulf widens
By Stephen Brown and Andreas Rinke
BERLIN | Wed Nov 10, 2010 5:58am EST
(Reuters) - Germany's undiplomatic outbursts against U.S. policy, calling it "clueless" before a G20 summit, show growing estrangement on economics as America's focus shifts away from transatlantic ties to domestic challenges and Asia.

Germany and the United States often criticize each other's approaches to aiding economic recovery, with U.S. calls for more expansive policy falling on deaf ears in fiscally disciplined Germany. But Berlin has taken the rhetoric to a new level.

Finance Minister Wolfgang Schaeuble, 68, said last week that the U.S. Federal Reserve decision to buy $600 billion of government bonds undermined U.S. credibility and was "clueless." There was no point, he said, in pumping money into the markets.

China and Brazil were among those echoing his comments but U.S. officials were particularly stung by Schaeuble and German Economy Minister Rainer Bruederle saying the Fed move amounted to "indirect manipulation" of the dollar to boost exports; this at a time when Washington is criticizing China for exactly the same kind of strategy.

"It's not acceptable for the Americans to criticize China for currency manipulation then slyly help the dollar by printing at the Federal Reserve," Schaeuble told Der Spiegel magazine.

And here's the odd thing: Mr Obama walked away from this conference with nothing. No secured trade. No secured contracts. Clue to those with experience: because the G20 is announced every year, attendant countries clearly know, in advance, what to bring (their A-Game), what to negotiate, and what to leave behind. The G20 isn't a time to craft your arguments or draft your submissions; it's a time to place documents on tables and sign.

Did the US even get an export/import agreement from -- of all nations -- South Korea (about the easiest to acquire)? Hello? Kia? Samsung? Korean Air? Daewoo? FILA? Hanjin? Hankook? Hyundai? Hyosung? Kumho? LG Group? Hynix Semiconductor?

Uh: no.

Correct me, I may be wrong, but didn't our Beloved Mr Obama campaign on the premise that the United States had to upgrade its standing in the world, much less the World Economy?

Even the Gray Lady says: Mr Obama, you're unimpressive.

The G-20 refuse to fall in line with Mr Obama.

And the PIGS are toast: Portugal, Ireland, Greece, Spain.

BZ

P.S.
Mr Obama, you and your staff are such the neophytes, sir. You're playing, now, not just your Second Stringers (your First Stringers having predominantly quit) but your Third Stringers now.


11 Comments:

Blogger Well Seasoned Fool said...

Hardballing with the big boys. Don't bring a telepromter to a gun fight.

Fri Nov 12, 09:19:00 PM PST  
Blogger Bushwack said...

Lets see; didn't "Duh WON" go to bat for the Olympics too? he's batting 0-fer in getting anything for "We the people" but he's batting 1000 getting things for himself..Nobel POS prize anyone?

Good LORD when will this nightmare end. Hopefully in 2012.

Fri Nov 12, 09:19:00 PM PST  
Blogger Bloviating Zeppelin said...

WSF: my, how cogent! Nicely done!

Robert: but can we UNdo what he has managed to DO?

BZ

Sat Nov 13, 05:00:00 AM PST  
Blogger The Psychological Snake Pit said...

Yep, he flew all the way to Korea and all be got was a lousy T-shirt, but NO trade deal... Could it be it's because the rest of the world has finally realized that 0bama is a schmuck?

Sat Nov 13, 05:07:00 AM PST  
Blogger shoprat said...

He is a failure and even the foreign governments know it.

Sat Nov 13, 02:26:00 PM PST  
Blogger Bloviating Zeppelin said...

I could have sworn that Mr Obama stated was going to put the US back into the good graces of all other nations. . . ?

BZ

Sat Nov 13, 04:14:00 PM PST  
Blogger A Jacksonian said...

Mind you, the Chinese aren't what I would call solvent, either...

But Obama was a fool to complain about what China was doing when they threw back that we are doing the exact, same thing.

The man is in Epic Fail territory, and he is taking us along for the ride.

Sat Nov 13, 04:40:00 PM PST  
Blogger Old NFO said...

WSF is dead on... sigh... He's 0 fer ever...

Sun Nov 14, 05:26:00 AM PST  
Blogger TexasFred said...

Good LORD when will this nightmare end. Hopefully in 2012.
*****************
Sooner would be better than later, but be careful what you wish for, even with the new Congress and more GOP Senate, IF Obama moves on, you get Biden...

But, the Speaker of the House will be changing soon, that is a help, but President pro tempore of the Senate will probably not be in the hands of the GOP...

Even if Obama were to just *go away*, the line of succession is still fraught with danger...

Sun Nov 14, 08:48:00 AM PST  
Blogger Always On Watch said...

Mr Obama walked away from this conference with nothing. No secured trade. No secured contracts.

Definitely a fail.

BHO goes on and on about selling American products to foreign nations. Just what products is he talking about?

Sun Nov 14, 08:51:00 AM PST  
Blogger Susannah said...

Ouch. That's gonna leave a mark...

"Don't bring a telepromter to a gun fight."
Hee, hee! I LOVE that!!

Mon Nov 22, 07:12:00 AM PST  

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