Obama heads to Canada, where more skeptical audience awaits

[unhappycamper]

Obama heads to Canada, where more skeptical audience awaits
By Steven Thomma | McClatchy Newspapers
Posted on Wednesday, June 23, 2010

WASHINGTON — What a difference a year — and a few trillion dollars of debt — makes.

When Barack Obama first dashed as president onto the world stage at a London economic summit a little more than a year ago, he was greeted like a rock star. Leaders clambered to get a picture with him. Queen Elizabeth invited him to Buckingham Palace. All at a summit largely in sync with his plea to stimulate and regulate the world economy.

Now, when he arrives Friday in Canada for another round of summits, he'll find a more skeptical audience.

Obama heads to back-to-back meetings of leaders of the world's eight largest industrial democracies, the Group of 8, and then the 20 largest economies, G-20, urging them to keep spending to stimulate the economy and warning that cutting spending too soon risks sending the global economy back into recession.

However, he faces resistance at home and abroad.

[mmonk]

1. Ever since Reaganism and Thatcherism has come to rule the day,

too many in the world have been swayed by Hoover style economics that government spending must be cut, not increased,in prlonged economic downturns.