Global Stimulus Rejected

Barack Obama, on a whirlwind rockstar tour around Europe, participated in the G20 conference with the goal of global stimulus. He failed to acheive this goal.

This article provides a good summary of what happened at the G20 meetings:http://www.guardian.co.uk/commentisfree/cifamerica/2009/apr/06/g20-us-economy-obama

However, I shouldn't sell Obama too short. A trillion dollars was pledged to the IMF, mostly to benefit the poorest countries that are suffering through this worldwide recession. However, Obama and US Prime Minister Gordon Brown had been calling for more far-reaching solutions to handle this recession.

Spanish finance minister Pedro Solbes spoke out a few days earlier on a similar package from Gordon Brown:

"In these conditions I and the rest of my colleagues from the eurozone believe there is no room for new fiscal stimulus plans"

German chancellor Angela Merkey had similar sentiments:

"I will not let anyone tell me that we must spend more money"

When numerous European countries sees your policies as too socialist, you're probably pushing it, Obama. lolzjk.