He came looking for an international agreement to pursue stimulus measures, convinced that the approach he’s pursuing domestically is the way to end the global economic crisis.
In the end, Mr. Obama had to give way - principally to French and German objections. Worse, from the American point of view, the stimulus that was agreed to at the meeting is particularly costly for U.S. taxpayers.
Barack Obama emerges as the big loser of this meeting - which is not an auspicious launching pad for the NATO meeting that begins tomorrow.
by Norman Spector