EU president: Obama economic plans 'a road to hell'

[redrumloa]

http://news.yahoo.com/s/ap/eu_eu_us_economy

Topolanek, who will remain EU president until a new Czech government is established, bluntly said that "the United States did not take the right path.".

He slammed the U.S.' widening budget deficit and protectionist trade measures — such as the "Buy America" policies included in the stimulus bill, although Obama has said he opposes protectionism in principle.

Topolanek said that "all of these steps, these combinations and permanency is the road to hell."

"We need to read the history books and the lessons of history and the biggest success of the (EU) is the refusal to go this way," he said.

"Americans will need liquidity to finance all their measures and they will balance this with the sale of their bonds but this will undermine the liquidity of the global financial market," said Topolanek.

 

[ScapeGoat]

And here in EU'sville

Pwnd

 

[redrumloa]

Gee did Topolanek nail this or what?

 

[Dammy]

I wonder if he could manage to find his birth certificate in Hawaii.