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Memo to Merkel: Tell Obama to Take a Hike

•, By Patrick J. Buchanan
 Just days after learning the Americans have been tapping her phones and taping her conversations, Angela Merkel has been publicly upbraided by the U.S. Treasury for being a bad global citizen.

What did she do to deserve this?

Merkel just won a third term as chancellor with a record vote and has an approval rating near 80 percent. But she is a bad global citizen because Germany is running the world’s largest trade surplus.

The Washington Post thinks the Treasury’s tongue-lashing is overdue, as does Paul Krugman of the New York Times:

“In this environment, a country that runs a trade surplus is … beggaring its neighbors. It is diverting spending away from their goods and services to its own, and thereby taking away jobs.”

Is this not astonishing?

Competing successfully in world markets is now tantamount to stealing food off the table of one’s less-competent and less-successful neighbors.

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