EU Leader Says Obama's Economic Policies Are ‘Road to Hell’
European Union President Mirek Topolanek told the European parliament Wednesday that Obama's economic policies were harmful to the U.S. economy and the global economy.
“All these steps, these combinations and permanency, is the road to hell,” said Topolanek, who is also the president of the Czech Republic. “We need to read history books and the lessons of history, and the biggest success of the EU is the refusal to go this way.”
Topolanek cited the $787-billion stimulus package geared toward reviving the economy and the administration’s proposed $1-trillion plan to buy up toxic assets.
“Americans will need liquidity to finance all their measures and they will balance this with the sale of their bonds,” Topolanek said. “But this will undermine the liquidity of the global financial market.”
European leaders from other countries have expressed concern about U.S. policies
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