The mass-circulation Bild writes:
“Obama’s lecture on the euro crisis … is overbearing, arrogant and absurd. … In a nutshell, he is claiming that Europe is to blame for the current financial crisis, which is ‘scaring the world.’ Excuse me?”
“The American president seems to have forgotten a few details. The most important trigger of the financial and economic crisis was US banks and their insane real-estate dealings. The US is still piling up debt … The American congress is crippled by a battle between the right and the left. The banks are gambling just as recklessly as they did before the crisis. The president’s scolding is a pathetic attempt to distract attention from his own failures. How embarrassing.”
The center-left Süddeutsche Zeitung writes:
“One needs to remember the context within which Obama’s scolding of the Europeans took place. It was an event where the president was raising money for the Democrats and where he wanted to explain to voters why the US economy is much worse off than he and his economic experts had believed until recently. Hence his criticism of the EU was simple electioneering.”
The center-right Frankfurter Allgemeine Zeitung writes:
“Dark clouds have gathered over the American president. The gloomy state of the economy is putting a dampener on Obama’s future prospects. The optimism of the past is gone, replaced by a cheap search for a scapegoat.”
“Obama thinks he has found one. He blames the Europeans for reacting too late to the debt crisis. We Europeans are apparently taking on too little new debt to get out of the crisis. But we are already feeling the wonderful effects of borrowing too much money.”
The financial daily Handelsblatt writes:
“That’s not how friends talk to each other. That applies particularly to friends who have themselves failed to get a handle on their own, self-made crisis. Barack Obama governs a country where, despite billions in state aid, the economy is stagnating, companies refuse to invest despite calls for patriotism, and which gets embroiled in one political trench war after another … Now this country is dispensing advice, suggestions and finger-pointing.”
“These are suggestions that have already failed to work in the US: Money is supposed to save Europe — quickly and in the largest quantities possible. US Secretary of Treasury Timothy Geithner has been trying for more than two-and-a-half years to suffocate his crisis with money. But aside from the lack of success, the collateral damage is immense. It manifests itself in a loss of government credibility, a loss of trust in the currency and the paralysis of any sort of dynamism — because the crushing debt mountain is robbing the famously optimistic Americans of their confidence.”
“The fact that Barack Obama, who is a brilliant thinker, knows full well that things are much more complicated in reality does not help. Indeed, it does the opposite. In the desperate battle for his re-election he’d rather construct myths, such as claiming that the Europeans alone are responsible for the American mess. Not only is this fundamentally wrong, but — coming as it does from a friend — it’s downright pitiful and sad.”
Obama’s original remarks, and those of Timothy Geithner that caused this backlash, can be seen at the link.
You folks recall how the rest of the world would love Obama in the wake of that cowboy George W. Bush’s tenure?
It’s proven, like most everything about this President, to be complete crap.
Weird how those of us who saw it as crap initially are proving now to be so insightful.