Recently, Obama drafted a letter to the G20 heads of state recommending that they scrap their plans for austerity and, instead, continue to inject more and more money into their economies in order to grow themselves out of their recessions (Click here to See Story: Obama's Letter To G20 Urges World Leaders To Continue Stimulus).
The stupidity of this letter is that the G20 countries, primarily those of Western Europe, are on the brink of collapse because of their spending; and, Obama wants them to spend more. I think he would carry more standing in his comments if our own Stimulus legislation had actually worked. But, recent numbers for our economy show it faltering even with us two-thirds of the way through stimulus spending. Certainly, the unemployment rate at near 10% doesn't bode well for Obama's spending philosophy.
My guess is that the European Union, specifically, is having a good laugh at Obama's expense. His policies have no credibility. If "The proof is in the pudding," Obama's always comes out underdone, sloppy, and distasteful. Worthy, only, of being tossed out!