Biden economic strategy: Put America last

[Hoodat]

Biden economic strategy: Put America last

Stephen Moore  | June 17, 2021 11:00 PM

President Joe Biden's performance at the meeting with foreign leaders in Britain last week was a disgrace. Biden cut deals with Britain that sold out America's interests, and for doing so, he won the worshipful accolades of the Europeans, the Brits, and the Canadians. It's amazing how popular you are at a party when you pay everyone's bills. Except Biden isn't spending his own money, of course. He's spending ours.

It would be an understatement to say that the Euroland leaders weren't big fans of Donald Trump. Trump went to the G-7 meetings and told his international peers that there was a new sheriff in town and that his foremost mission was to put America first. He canceled bad trade deals in which other countries were cheating. Trump insisted that the Germans, the French, and the Italians paid more of the NATO bills for their own defense. He pulled America out of the Paris climate accord in part because almost none of the other nations were abiding by it.

What a difference a new president makes. The Euroland leaders of the G-7 are beside themselves with joy over Biden's "cooperative tone" and concessions at the meetings in Britain this weekend. A Reuters headline captured the euphoria of the foreign heads of state: "G7 Sources Praise Biden after 'Complete Chaos of Trump."

Is anyone surprised by the lovefest? "It's great to have a U.S. president who is part of the club," France's Emmanuel Macron said in a lengthy statement, saturating the new American president with praise.

Why wouldn't Canada, Russia, and the Europeans be celebrating? Biden gave away the store. Let me count the ways:

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https://www.washingtonexaminer.com/opinion/biden-economic-strategy-put-america-last

[Hoodat]

• He committed that the US would adhere to economy-damaging green proposals and carbon limits even when no one else will.
  
  
• He agreed to a global tax that will bring US tax rates in line with the European socialism model.
  
  
• He agreed to a Big Tech tax, placing international taxes on US companies like Google, Apple, and Microsoft, while leaving European tech companies exempt.