Obama on Global Rebalancing: Americans Are Not Going to Be in Same Position (Video)
Barack Obama admitted to the White House Meeting on Exports and Job Creation that America and American consumers will not be in the same position after the last several years. Obama also lectured China and Germany about exporting their goods to America.
This radical ACORN instructor is clueless on economic policy.
Barack Obama on his global rebalancing:
“You mentioned China, Germany, and some other countries, part of this global rebalancing is that they’re going to have to make some decisions as well about how they are approaching their domestic markets. And, part of the bargain I think we’re trying to strike within the G20 framework is that we’re trying to take on our responsibilities in terms of improving our savings rate(?). You, on the other hand, have to recognize that a purely export driven strategy of economic growth is not going to work. American consumers are just not going to be in the same position and the American government is not going to be in the same position that it’s been in over the last several years.”
That’s what you get when you elect an ACORN organizer as president… Massive debt and a weakened consumer.
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