Well of course the plan is stupid, look whose policy and plan it is. Barack Obama knows nothing about free markets, finance and capitalism, he’s a Marxist-Leninist Nanny Statist ideologue and has no interest in anything else. No, that’s not “name calling.” Look at his record, that vindicates all I say about him. He can’t hide from his actions and his record.

German finance minister Wolfgang Schauble said it would be a folly to boost the EU’s bail-out machinery (EFSF) beyond its €440bn lending limit by deploying leverage to up to €2 trillion, perhaps by raising funds from the European Central Bank.

“I don’t understand how anyone in the European Commission can have such a stupid idea. The result would be to endanger the AAA sovereign debt ratings of other member states. It makes no sense,” he said.

There’s his ideology on display in the above paragraph. Do you see it? And that ideology is being implemented here. The rest of the world will never catch up to America and be all one great big equal transnational socialist society, so you tear down America, spread the wealth around to everybody else to create “equality.” That’s what he’s trying to push on the EU. That is Barack Obama’s ideology. Again, look at his actions, and listen to what he has said. If you disagree, you’re just wrong, or in denial, period.

Mr Schauble told Washington to mind its own businesss after President Barack Obama rebuked EU leaders for failing to recapitalise banks and allowing the debt crisis to escalate to the point where it is “scaring the world”.

“It’s always much easier to give advice to others than to decide for yourself. I am well prepared to give advice to the US government,” he said.

And there’s the nanny statist ideology again, being a busy body minding everybody else’s business and trying to make them conform to your belief system and ideology.

That summed up the Obama regime beautifully. He’s minding everybody else’s business while the house is burning down, and he’s been doing that since January 20th, 2009 which is a big reason why we are in the mess we are in.