Friday, October 9, 2009


President Barack Obama of the United States of America is surrendering America's free enterprise system to the vagaries of international central control.  At his initiative the so-called Group of Eight ("G-8" Canada, France, Germany, Italy, Japan, Russia, the United Kingdom and the United States; in addition, the European Union is represented within the G8, but cannot host or chair) "most-developed countries" will cater to those less-developed ones, becoming the Group of Twenty ("G-20" adding Argentina, Australia, Brazil, China, India, Indonesia,  Mexico, Saudi Arabia, South Africa, South Korea and Turkey) to become the permanent council of international economic cooperation.  The new entity is to reduce their dependency on the United States consumer and encourage it to reduce its debt; it wants China to increase its domestic markets; and Europe to encourage investment.  Each country would assess other countries' achievements, a "peer review" of "sustainable growth".  If recent history is any lesson, President Obama will be the first to give in and weaken the U. S.

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