Has there ever been a major economic summit where a U.S. President and his Treasury Secretary were as thoroughly rebuffed as they were at this week’s G-20 meeting in Seoul? We can’t think of one. ~ WSJ

REVIEW & OUTLOOK NOVEMBER 13, 2010 Wall Street Journal

EXCERPTS:

“But why should anyone heed this U.S. refrain? The Germans are growing rapidly after having rejected Mr. Geithner’s advice in 2009 to join the U.S. stimulus spending blowout. China is also growing smartly having rejected counsel from three U.S. Administrations to abandon its currency discipline. The U.K. and even France are pursuing more fiscal restraint. Only the Obama Administration is determined to keep both the fiscal and monetary spigots wide open, while blaming everyone else for the poor domestic results.”

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