Right Pundits

Will French President Nicolas Sarkozy walk out on the G20 Summit in London this week? That’s a real possibility. He has made it clear that he will not bow down to the dictates of the new American President, Barack Obama and that the U.S. President is pushing an agenda that will bankrupt the United States and Europe. Read about it below and see photos and a video.

Nicolas Sarkozy

Even as world leaders are making their way to London, England in preparation for the G20 Summit, Nicolas Sarkozy has thrown down a gauntlet at the feet of British Prime Minister Gordon Brown and U.S. President Barack Obama. He has said he will not accept the conference if it is all about speeches and words with no commitments. This doesn’t bode well for the outcome of the conference since empty rhetoric is Obama’s stock in trade.

Sarkozy told his ministers that he will ‘leave Mr. Brown’s conference’ if things do not work out. When asked if he would actually walk out, Sarkozy’s Deputy Chief of Staff for Economic Affairs, Xavier Musca, stated: “A basic rule with nuclear deterrence is that you do not say at what point you will use the weapon.” It sounds like the nuclear option is still on the table, so to speak. Should he do it, it will certainly spoil the conference.

The G20 is a summit of the twenty most powerful economies in the world. Its of interest that Obama has chosen to have behind closed door meetings with certain world leaders. British newspapers report that the world leaders with whom he is meeting in private are looking for an opportunity to increase their prestige at home by being photographed with him and Obama is looking for photo ops with world leaders like Chinese President Hu Jintao, Russian President Dmitry Medvedev, Indian Prime Minister, Manmohan Singh and South Korean President Lee Myung-bak. Apparently, the plan is for him to appear Presidential to help boost his falling approval numbers back in the States.

In addition to threatening to walk out on the G20 Summit, Sarkozy has publicly blamed ‘Anglo-Saxons’ for the world wide economic crisis. The French refer to all white English speaking Europeans as ‘Anglo-Saxons’. Barack Obama would be the number one Anglo Saxon in the eyes of the French. Then, of course, would be Gordon Brown. It is Brown and Obama who are doing a hard push for a global economic regulators.

A deal to tighten regulation will be one of the key features of the G20 accord but France wants a global financial regulator, an idea fiercely opposed by the United States and Britain. Mr Brown has described the notion as ridiculous.

Germany and other nations are reported to be against a global regulator and sources said that President Sarkozy must know that the proposal would not make progress.

Instead, countries will agree that their national regulators should cooperate more. So-called colleges of supervisors are likely to be established to monitor the activities of companies that operate in several countries.

Some think that Sarkozy is spoiling for a fight following the Obama snub he suffered last week. Obama sent a letter to Sarkozy’s predecessor, former French President Jacques Chirac, rather than to Sarkozy. The letter stated that he was looking forward to working with him over the next four years. The letter to Chirac has been widely used throughout the French press and by French comedians as material to humiliate President Sarkozy.

The letter, which referred to Mr Chirac’s present work for the environment, was gold dust for comedians such as Nicolas Canteloup, a morning radio impersonator. He imitated Mr Sarkozy telephoning Mr Obama: “Allo Barack, this is Nicolas . . . you know, Little Big Man … You know, the husband of Carla Bruni, you know, the bombshell.”

As we reported before, German Chancellor Angela Merkel has led the way in opposing Obama’s global new deal. She has gone as far as warning that the current world atmosphere is similar to those used in Germany prior to World War II. Her warnings have fallen on deaf ears in the United States. But they have resonated with European leaders who know all too well the dangers of a failed economy followed by a charismatic leader who systematical imposes more government on the people and takes away individual rights.

Obama may not think he needs France and Germany to get his global new world order pushed through with the majority of world leaders. He has certainly not made any attempts to endear himself to any of the European leaders. Who can forget the gift box set of DVDs he gave Prime Minister Gordon Brown on his visit to Washington? Obama is going out of his way to meet with the communist leaders around the world. Maybe he sees Europe as irrelevant. Maybe they don’t serve his agenda. There are rumors that he has plans to put U.N. control over more American interests (behind closed doors and out of the sight of the media, of course).

This is Obama’s first overseas visit since he was elected President of the United States. So far it looks like it could very well be a gigantic mess. Someone would have to have real leadership skills to manage this situation. Being able to read a speech well is not going to win over this group of world leaders. At least I hope not.