Merkel signals G20 clash with Obama on finance

Odd, isn't it, that a German is the one who has to caution Obama. Perhaps she studied economic history and learned how long FDR dragged us down with his alphabet soup spending and the New Deal. Managed to make our Depression hang on for years, when countries that didn't throw money at it rode it out in far less time. But then, never waste a crisis, as Rahm would say. It did buy him 4 terms.

"German Chancellor Angela Merkel said on Saturday spending cutbacks are needed following the spate of throwing money at the global economic crisis, in a direct counter to US President Barack Obama."

Merkel signals G20 clash with Obama on finance