Obama’s Trade Strategy Runs Into Stiff Resistance

[Valin]

NY Times:

SEWELL CHAN, SHERYL GAY STOLBERG and DAVID E. SANGER
11/11/10


President Obama and Chancellor Angela Merkel of Germany talked, and disagreed, at the Group of 20 meeting on Thursday.

(Snip)
And as officials frenetically tried to paper over differences among the Group of 20 members with a vaguely worded communiqué to be issued Friday, there was no way to avoid discussion of the fundamental differences of economic strategy. After five largely harmonious meetings in the past two years to deal with the most severe downturn since the Depression, major disputes broke out between Washington and China, Britain, Germany and Brazil.

Each rejected core elements of Mr. Obama’s strategy of stimulating growth before focusing on deficit reduction. Several major nations continued to accuse the Federal Reserve of deliberately devaluing the dollar last week in an effort to put the costs of America’s competitive troubles on trading partners, rather than taking politically tough measures to rein in spending at home.

The result was that Mr. Obama repeatedly found himself on the defensive. He and the South Korean president, Lee Myung-bak, had vowed to complete the trade pact by the time they met here; while Mr. Obama insisted that it would be resolved “in a matter of weeks,” without the pressure of a summit meeting it was unclear how the hurdles on nontariff barriers to American cars and beef would be resolved.
(Snip)


Well it's obvious that these little people don't know who they are dealing with! Don't they know he's THE ONE



YOU are in so much trouble