Freedom Line Blog

While touring Asia, President Barack Obama continued his recent backhanding of the international community. Last week it was failing to attend the 20th anniversary of the Berlin Wall falling. Today, it’s telling Asian markets to perish the thought of relying on future American spending.

President Barack Obama has come halfway around the world to personally deliver the message to East Asia that the global economy can no longer count on the U.S. consumer to keep it afloat.

In what White House aides call a “major address” here on Friday, and in planned comments in Singapore and China next week, Mr. Obama will press his push to “rebalance” the world’s economy, urging China to adjust its economic policy to spur domestic consumption as the U.S. encourages less consumption, more savings and more exports.”

But perhaps the news isn’t all bad for Asian exporters.  With the increasing purchasing power of the federal government under Obama’s rapacious domestic agenda, Asian businesses will soon be able to find a new buyer for their goods: the all-encompassing federal bureaucracy!