Obama Tells Europe: Stop Obsessing About Cuts

President Barack Obama delivers remarks to sma...

Obama tells Europe: Stop cutting (Photo credit: Wikipedia)

Europe’s economic crisis could send shock waves roaring across the Atlantic that would drag down the fragile U.S. economy and threaten President Barack Obama’s hopes for a second term. The president demonstrated Friday just how deeply he’s worried about that — and how little he can do to prevent it.

Obama used an impromptu news conference to prod European leaders to quickly and vigorously deal with their crisis. Along with that rare cross-Atlantic jawboning, he accused congressional Republicans at home of holding back a U.S. rebound.

The president held forth, unprompted, on what European leaders could and should do to fix their economic woes, though he insisted he was not “scolding them or telling them what to do.”

He never mentioned his election opponent, Republican Mitt Romney. But the campaign seemed to be an important factor in the day’s events.

Powerless to take on the economic mess overseas by himself, Obama tried to show Americans he was nonetheless engaged in trying to help by offering ideas and advice. At the same time, he was sending a message to his European peers to be resolute and move firmly.

“Now, the good news is there is a path out of this challenge,” Obama said. “These decisions are fundamentally in the hands of Europe’s leaders, and, fortunately, they understand the seriousness of the situation and the urgent need to act.”…….

Along with a specific recommendation that Europe inject much-needed money into its banking system, he said European leaders must focus on economic growth and job creation, not just “cutting and cutting and cutting” spending to deal with debt problems. That’s the same point he’s trying to make to Congress — and to voters — back home.

Read more at the Washington Post….

Enhanced by Zemanta

Like Us On Facebook!

More on the Banter:

President Obama Talks About Racism And That Time He Was Mistaken For A Waiter

President Obama Talks About Racism And That Time He Was Mistaken For A Waiter

The President and First Lady open up to People magazine about their own experiences with racism. Peo[Read more...]
Another Republican Is Talking About 'Legitimate Rape' and I Have a Question

Another Republican Is Talking About 'Legitimate Rape' and I Have a Question

Republican State Representative Rick Brattin is introducing a bill in his home state of Missouri tha[Read more...]
The Sony Hacker Terrorists Did Not 'Win'

The Sony Hacker Terrorists Did Not 'Win'

Sony's cancellation of the premiere of The Interview has prompted a bipartisan consensus that the st[Read more...]
North Korea Gets Another Movie Pulled, So Let's Just Send All Scripts To Kim Jong-un First

North Korea Gets Another Movie Pulled, So Let's Just Send All Scripts To Kim Jong-un First

After Hollywood's total capitulation, the next step is to send all scripts to North Korea for approv[Read more...]
Boehner Condemns Obama's Cuba Policy, Owns Tons of Stock in Corps Doing Business with Human Rights Violators

Boehner Condemns Obama's Cuba Policy, Owns Tons of Stock in Corps Doing Business with Human Rights Violators

Boehner is making a bundle from corporations that are actively exploiting workers and racking up hum[Read more...]