Friday, November 14, 2008

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Global Economic Power Grab

Europeans say it's time to usher in a new global economic order. French President Nicolas Sarkozy has called for a series of economic summits, the first of which is now set to take place in Washington DC on November 15.

He says he wants the gathering to build from scratch a new financial and monetary framework, one that would replace the current system that is dominated by the United States with a new model far more to Europe's liking.

"Europe wants the summit before the end of the year. Europe wants it, Europe asks for it and Europe will get it," says Sarkozy. "Laissez-faire, it's finished. The all-powerful market that is always right, it's finished.... It is necessary then for the state to intervene."

Italian Prime Minister Silvio Berlusconi proposes "rewriting the rules of international finance." The President of the European Commission, José Manuel Barroso, says: "We need a new global financial order." German Finance Minister Peer Steinbrueck says

"Anglo-Saxon" capitalist system has run its course and that "the United States will lose its status as the superpower of the global financial system." [snip]

European Power Games


What's behind Europe's latest round of "let's play superpower make-believe?" European leaders are testing Obama's mettle, plain and simple; they want to see if he will bend more easily to the European will than did his predecessor. European leaders never wracked up the courage to ask President Bush directly for a partnership of equals because they knew he would have laughed them out of town.

Bush understood that Europeans were unable and unwilling to match their words with deeds... [examples - snip] If their past conduct is anything to go by, today's European leaders are about as interested in solving global problems as was Otto von Bismarck, who devoted his life to empire-building and the practice of Realpolitik.

Today's European leaders are trying not only to revive the Roman Empire in the form of a unified Europe, but they are also seeking to rebalance global power in such a way that places Europe at the top of the international pecking order. The main obstacle to European superpower ambitions is, of course, the United States, in whose likeness the present global system is made... [snip]

Will President Obama concede where President Bush did not? Will he pass his first global test? It's impossible to know until Obama moves into the White House. But the stakes are far higher than many Americans may realize...

Berliners flocked to the Brandenburg gate to hear Barack Obama's European speech.

[Highly Recommended > READ MORE ]

then... 'Protect America's free markets from European regulation'

President Bush > president@whitehouse.gov
Obama Transition > http://www.change.gov/page/s/contact
Your Senator > http://www.senate.gov/general/contact_information/senators_cfm.cfm

and as always, pass it on - silence is consent...
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