March 25th, 2009
03:00 PM ET
13 years ago

EU president takes on Obama's economic plan

[cnn-photo-caption image= caption="The European Union's current president Mirek Topolanek went head-to-head with Washington over the global economic crisis Wednesday."](CNN) – The European Union president went head-to-head with Washington over the global economic crisis Wednesday, condemning President Barack Obama's economic recovery plan as "a way to hell."

The comments came as the prime minister of the Czech Republic and current holder of the EU presidency Mirek Topolanek addressed the European Parliament in Strasbourg, France. The Czech PM blasted the "Buy America" campaign and growing US budget deficit, saying "all of these steps, these combinations and permanency is the way to hell."

Topolanek continued his attack saying Treasury Secretary Tim Geithner's toxic assets plan was "quite alarming" and that US fiscal bailouts "will undermine the stability of the global financial market."

"We need to read the history books and read with it the lessons of history and the biggest success of the (EU) is the refusal to go this way," he said.

Topolanek's criticism followed UK Prime Minister Gordon Brown's speech to Parliament Tuesday where stressed the importance of EU-US cooperation and lauded President Obama's transatlantic collaborative efforts.

Party of European Socialists chair Martin Schulz was critical of the EU president's claims Wednesday, saying that the US "had taken the wrong road, the road to hell" was Topolanek's view alone and the EU should "not be operating at this level."

President Obama will travel to London next week to participate in a Group of 20 summit, where the president is expected to champion EU-US unity on global economic policy.

Filed under: President Obama
soundoff (298 Responses)
  1. Moving Forward!

    And his country's economy is going so well??? Clean up your own mess before you stick your nose in other people's affairs!

    March 25, 2009 04:51 pm at 4:51 pm |
  2. Dylan from Minneapolis

    Good God, it's not about "looking back at history", THIS IS A NEW ERA, A NEW TIME, A NEW WORLD! We are prunning the tree before it can grow again. This old thought needs to be thrown out the window.

    March 25, 2009 04:51 pm at 4:51 pm |
  3. Beth

    @What gives?
    Did you stick up for President Bush when the world was running him down? Just curious.
    So much for regaining respect from the world.

    March 25, 2009 04:51 pm at 4:51 pm |
  4. phoenix86

    Can we bring this guy over to take Obama's place as POTUS? He is certainly a lot more intelligent.

    March 25, 2009 04:54 pm at 4:54 pm |
  5. sam

    tony obama isn't doing much better considering the critism from the EU president thats why most countrys want to join the EU

    March 25, 2009 04:54 pm at 4:54 pm |
  6. Scott, Tucson

    Change is coming, we just need to hold out until Jan 2013.

    March 25, 2009 04:54 pm at 4:54 pm |
  7. Dotty


    So, if you did not support Bush you should have been told to "love America or leave it".

    March 25, 2009 04:54 pm at 4:54 pm |
  8. Fair is Fair

    @ obama-mamma,

    Let me ask you a question. If you took a job and your predecessor left it in a mess, would you tell your boss "it's not my fault"?

    Try it... you'll get fired.

    If BHO didn't want the mess, he shouldn't have run for the job.

    March 25, 2009 04:56 pm at 4:56 pm |
  9. George James


    March 25, 2009 04:56 pm at 4:56 pm |
  10. arithmetic is liberal

    stop throwing around the kool-aid term! seriously, it's degrading to the 913 dead at Jonestown!! Or are all of you idiots RIGHT AND LEFT too young or stupid to remember?!

    March 25, 2009 04:57 pm at 4:57 pm |
  11. Ghost

    Hold up! The republicans have an idea. Did you see it?

    Wait, isn't this rewarding bad behavior? Giving a tax credit to people who couldn't afford the homes so they can refinance? Giving tax credits to mortgage lenders who signed off on these loans in the 1st place and are probably already getting bailout money? I lived right, made the right choices, didn't live beyond my means. Where's my bailout?

    Ohh, that's only if a democrat had proposed this. My bad, carry on……

    March 25, 2009 04:58 pm at 4:58 pm |
  12. walleye

    In a year from now when the economy is starting to turn around thanks to Obama's policys, will all you ranting and raving RepubliKlans be big enough to give the man his due, admit he was right and apologize for your hateful comments? I doubt it. You will find something else to criticize about him. You are all right wing nut jobs who need a moron like Limbarf to lead you.

    Seventy years ago everyone was saying FDR was a Socialist and would lead us to ruin. Of course nothing of the sort happened and we had prosperity, strong regulations that protected us, and we became a world leader. Nothing like that (Socialism) will happen this time either. The GOP, led by the moron Limbarf are just trying scare tactics as usual. What we need to fear is their way of running the government. Wars built on lies, shredding of the Constitution, spying on our own people, torturing. Amazing how much damage these people did in just eight years. Now they complain because of changes that are meant to fix their errors are being put into place by a progressive and intelligent leader.

    March 25, 2009 04:58 pm at 4:58 pm |
  13. Hypocrisy

    I thought having Obama as President would automatically make the rest of the world love us. I mean, isn't that what he said last night?

    March 25, 2009 04:59 pm at 4:59 pm |
  14. Neutralizer

    I was listening to Daniel Hannan awhile ago. New Zealand had the same problem with their financial system, but instead of the government bailing them out, PM of New Zealand told bankers they have to sort out problems they themselves have created. After three years their financial institution are all back in the game again without a penny from taxpayers. What Obambi had done is prolonging the problem and will take years for EVERY taxpayers to pay, adding another $1 Trillion deficit for the next decade. Obambi said he would cut the deficit in half by $533 billions. How can $533 billions be half of $10 Trillions? Are you libs and Dems know how to compute?

    March 25, 2009 04:59 pm at 4:59 pm |
  15. S. Allen

    I hate to admit it, but I have to agree with someone from the EU.

    This administration cannot handle the great responsibility that comes with being the most powerful nation on earth. So what do they do? They decide to make us a second world country – even the Chinese and Japanese today showed just how 'unattractive' it is to invest any more into this country by not buying more US bonds.

    March 25, 2009 04:59 pm at 4:59 pm |
  16. Hypocrisy

    Funny...I thought that one of the main reasons for an Obama presidency was that we would "listen" to our partners? Now that they're not agreeing with us all of a sudden they're not imporant.

    March 25, 2009 05:00 pm at 5:00 pm |
  17. arithmetic is liberal

    Dotty March 25th, 2009 4:54 pm ET


    So, if you did not support Bush you should have been told to "love America or leave it".

    Wow! You got the joke!

    And yes, that's exactly what every liberal in America had to deal with for 8 years, people just like you, Dotty, telling us to get out, calling us terrorist sympathizers because we didn't want to be wire tapped, calling us socialists because we think that taxes on the most wealthy should be raised a measly 3%. We were called N-word lovers by you in the 60s and 70s, and homo-lovers in the 80s and 90s.

    So yeah, we've heard it before. Page Turner was MOCKING you.

    March 25, 2009 05:01 pm at 5:01 pm |
  18. Deborah

    Obama has been as successful in increasing our World Wide Reputation as he has been fixing our economy!

    What a Joke and Disappointment!

    March 25, 2009 05:02 pm at 5:02 pm |
  19. Takeshi

    March 25th, 2009 2:36 pm ET

    This coming from a guy who just received a vote of "no confidence" from parliament and is now on his way out.

    March 25, 2009 05:02 pm at 5:02 pm |
  20. keeth in california

    If someone else has a better plan, I'd really like to hear it. Really.

    March 25, 2009 05:03 pm at 5:03 pm |
  21. aware

    Correct, but robotic Obama is too arrogant, too thin skinned and too short on wisdom to hear! 🙁

    March 25, 2009 05:05 pm at 5:05 pm |
  22. Chris

    All of you who don't support the President maybe you guys should move to Europe....This isn't President's Obama mess this was here long before he got into office.

    March 25, 2009 05:07 pm at 5:07 pm |
  23. tony

    If you have a choice between running a budget deficit while avoiding a depression vs falling into a depression but having a balanced budget, any sane person would prefer the former.

    A growing US economy can handle a budget deficit. We can control the prospect of inflation by restricting the money supply. The possibility of falling into a depression/deflationary spiral is a much scarier prospect. If we fall into that situation this isn't going to be a two-three year problem, it will be a 10+ year problem.

    March 25, 2009 05:08 pm at 5:08 pm |
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