Obama's trip---things went sour in a hurry
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townhall.com
Obama went to South Korea without an agreement on cars and beef imports, found that he couldn't charm his way into a deal, and so had slink away from the negotiating table having promised a Free Trade Agreement which would have added 70,000 U.S. jobs.
The President's bad week wasn't over yet. He had hoped to charm the members of the G-20 meeting into wagging their diplomatic fingers in the face of the Chinese who have been systematically tinkering with the value of their currency - the Yuan - to make its exports cheaper against the Euro and the USD.
Unfortunately for Obama, Fed Chairman Ben Bernanke had just announced the U.S. central bank would inject into the U.S. economy $600 billion. The Germans huffed, ""What the U.S. accuses China of doing, the U.S.A. is doing by different means."
Bernanke said, in effect, he is the central banker of the United States; not the central banker of the rest of the world and he would do what was in the best interests of the U.S.
The President's visit was in such disarray that when Air Force I landed in Alaska to refuel, he missed by one day the premiere of "Sarah Palin's Alaska." |
