Czech PM Understands

At least someone else gets it:

The European Union president, Czech Prime Minister Mirek Topolanek, said Wednesday that Barack Obama's massive stimulus package and banking bailout "will undermine the stability of the global financial market." Most European leaders favor tighter financial regulation, while the U.S. has been pushing for larger economic stimulus plans.

Topolanek said that "the United States did not take the right path.” He slammed the U.S. widening budget deficit and protectionist trade measures — such as the "Buy America" — and said that "all of these steps, these combinations and permanency is the way to hell." "We need to read the history books and the lessons of history and the biggest success of the (EU) is the refusal to go this way," he said. "Americans will need liquidity to finance all their measures and they will balance this with the sale of their bonds but this will undermine the stability of the global financial market," said Topolanek.