US Action News

EC President Barroso told G20 attendees “This crisis was not originated in Europe … this crisis originated in North America and much of our financial sector was contaminated by, how can I put it, unorthodox practices, from some sectors of the financial market.”

Microphones accidentally left on after G20 meeting pick up private conversation between US, French presidents. Sarkozy admits he ‘can’t stand’ Israeli premier. Obama: You’re fed up with him? I have to deal with him every day! – ynetnews.com

Last week, the International Monetary Fund (IMF) announced that it was going to hold nations accountable for their economic decisions and publish quarterly yardsticks to measure their success in adopting “appropriate” policies. Who decides what’s appropriate? The European central bankers who run the IMF. The United States will have to meekly comply. The next step? Sanctions against nations that beg to differ with the IMF — our new global Czar.

This coming immediately after the elections in which the Democratic Party lost control of the House of Representatives and its majority in the Senate was reduced considerably, painted a vivid portrait of an administration in trouble.

Critics have characterized the trip as disappointing – if not a downright failure.

Has there ever been a major economic summit where a U.S. President and his Treasury Secretary were as thoroughly rebuffed as they were at this week’s G-20 meeting in Seoul? We can’t think of one. ~ WSJ

Germany’s undiplomatic outbursts against U.S. policy, calling it “clueless” before a G20 summit, show growing estrangement on economics as America’s focus shifts away from transatlantic ties to domestic challenges and Asia. ~ Reuters

Someone tell Al gore and his Gaia worshiping Algoraholics. Al Gore’s Church of Climatology has been abandoned by world leaders in their quest to maintain power and political position.

With the US deficit projected to reach $1.3 trillion in 2010 cutting it by half in 3 years won’t even take it back to where Obama started.