Losers Don't Dictate Terms

... that's the only thing I can think of every time I read these kind of sentiments coming from the White House.

Nov. 20 (Bloomberg) -- President Barack Obama said countries running trade surpluses should boost domestic demand and allow their currencies to strengthen, repeating criticism he made of China a week ago at a meeting of global leaders.

“Countries with big surpluses have to figure out how they can expand demand,” Obama said today at briefing after a North Atlantic Treaty Organization summit in Lisbon. “Countries with significant deficits, we have to save more and focus not only on consumption, but also on production and exports.”

We've worshipped consumption and demonized production and now we're prostrate before our creditors, forced to print paper money to cover our debt payments. Obama and his buddies' sound like Wesley Mouch from Atlas Shrugged issuing Directive 10-289.

"In the name of the general welfare," read Wesley Mouch, "to protect the people's security, to achieve full equality and total stability, it is decreed for the duration of the national emergency..."

Everyone around the world should stop trying to make money by producing valuable things at good prices because, well, we're losing. Oh yeah, that's going to work out well. It's like the academics think that everyone else is out for "fairness" just like they are. They don't like the idea of competition and winners and losers, so they want to ban it. Instead, the Chinese and Germans are happily kicking our butts and will continue to do so.

The Obama Admnistration might be surprised to discover that the rest of the world isn't banning "touching" in their schools.