As we enter the eve of the G-20 meeting, the young Obama's presidency has already raised anxiety levels in parts of Europe. There is talk among many European leaders that President Obama's policies on his record spending could weaken the economy of all countries in the long run. Indeed, Czech Prime Minister Mirek Topolanek, who holds the rotating EU Presidency, described U.S. fiscal spending as a "road to hell." Chancellor Angela Merkel has expressed skepticism about using heavy borrowing to solve a global crisis, and she maintains she has no intention of injecting more money. Even Finance Minister Jean-Claude Juncker of France said "Recent U.S. calls on Europe for an additional budgetary effort do not suit us." An, of course, Chinese Premier Wen Jiabao said he is "a little bit worried" about his country's big investment in U.S. debt.

From a Interview with the Financial Times newspaper:
"German Chancellor Angela Merkel said ‘we cannot borrow forever’ throwing too much money into reviving global economic growth would make the recovery unsustainable, She added: “We must look at the causes of this crisis. It happened because we were living beyond our means ... governments encouraged risk-taking in order to boost growth. We were spending too much to create growth that was not sustainable. It isn’t just that the banks took over too many risks. Governments allowed them to do so by neglecting to set the necessary [financial market] rules. "

I, for one, never thought in my lifetime I would ever hear statist Europeans lecturing us about spending there way, yet the calls from all countries to President Obama to halt the spending spree are falling on deaf ears; President Obama is determined to listen only to the extreme left wing of his party regarding the restructuring of the United States, giving the government control over private institutions within this administration.

His calculation thus far is simple, and it closely relates to the infamous line, "never let a good crisis go to waste,"  uttered weeks ago by his Chief of Staff: Barack Obama has decided he will agressively spend his political capital now, not counting on it ever being this high again in the future. Thus, he is moving at lightning speed on all fronts of his agenda.

This strategy has clearly taken our hapless GOP leadership by surprise, but the small silver lining might be that President Obama-- who stated his administration would be "open" and would "listen" to ideas from all sides-- doesn't have any intention of engaging Republicans, anyway.

The President--this globalist President, for that matter-- isn't listening to these world leaders and he certainly isn't listening to Republicans, thus, our only hope may be that many of his policies fail as a simple result of overreach.