Wednesday, November 17, 2010

For Obama, a global rebuke

Mistakes on a foreign trade deal and U.S. currency undermine global trust that the U.S. can lead the way out of this recession.
 By The Denver Post
11/17/2010

President Obama meant to repair our nation's reputation on the world stage but instead received a stinging rebuke at last week's Group of 20 meeting in Seoul.

The end result could mean that many trading partners will begin tossing up barriers to our exports. And if protectionism supplants cooperation worldwide, our global economy is in serious trouble.

Normally, it would seem like this would be a good time for Obama to redouble his efforts to illustrate to the world that the United States is open for business and is a protector of a free and open marketplace. But it was, in part, his actions that prompted the G20 stalemate.

World leaders are no longer won over by Obama just being Obama. The novelty has worn off. the rest

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