Quote:
Surrendering U.S. Sovereignty at G-20 Summit
by Dick Morris and Eileen McGann
09/30/2009


While all eyes were on the rantings of Mahmoud Ahmadinejad at the United Nations, the United States -- under President Obama -- was surrendering its economic sovereignty at the G-20 summit.

The result of this conclave, which France's president Nicolas Sarkozy hailed as "revolutionary," was that all the nations agreed to coordinate their economic policies and programs and to submit them to the International Monetary Fund (IMF) for comment and approval. While the G-20 nations and the IMF are, for now, only going to use "moral suasion" on those nations found not to be in compliance, talk of sanctions looms on the horizon.

While the specific policies to which the U.S. committed itself (reducing the deficit and strengthening regulatory oversight of financial institutions) are laudable in themselves, the process and the precedent are frightening.

We are to subject our most basic national economic policies to the review of a group of nations that includes autocratic Russia, China and Saudi Arabia. Even though our gross domestic product is three times bigger than the second-largest economy (Japan) and equal to that of 13 of the G-20 nations combined, we are to sit politely by with our one vote and submit to the global consensus. Europe has five votes (Britain, France, Germany, Italy and the EU), while we have but one.

And the process will be administered by the IMF, whose counsel to less-developed nations over the past two decades has consistently called for social pain and economic austerity. The IMF's misguided policies have been responsible for more revolutions than Marx, Engels, and Lenin combined. Its bureaucrats' arrogance is legendary, and its search for appropriate punishments to fit the crime of spending too much on the poor smacks of colonialism and imperialism. They are our new overseers. ---MORE at SOURCE---

....and who runs the IMF? Dominique_Strauss-Kahn, member of the Socialist party of France.

I could care less about what they do over there, but there is no way in HELL any reason to have our policies approved by a f'n foreign body. WTH is going on?

It is clear to me that Obama owes no allegiance to the United States. He is a usurper. This is why the founding fathers wanted to require any president to be born on US soil of US citizens. I hate this more than poison, and I am helpless to do anything but talk about it. People here are losing everything and Obama keeps giving everything away.