President Obama's urging of other nations to increase government spending at the G-20 summit may be backfiring. Foreign leaders, namely from Canada, Germany, and Great Britain all seem to believe that cutting spending is the way to stave off further economic hardship. And to Karl Rove, this constitutes a major international defeat. "If it sounds strange to have European leaders lecturing the U.S. about fiscal restraint, it should," Rove writes in a Wall Street Journal op-ed. "But that is where America finds itself after Mr. Obama's 17-month fiscal orgy." Rove also argues that Obama's spending is costing him popularity at home. "This is indeed the road to fiscal hell, and it's been paved by the president and his party," Rove writes. "No wonder Republicans feel confident these days.
Read it at The Wall Street Journal
