@msolga,
No, Obama is not doing what other countries are doing.
Actually, the countries in Europe are not printing as much money as the US; Obama is asking them to do so, and they are resisting.
What should the admin do? What they SHOULD HAVE DONE is not pass a $785 billion stimulus, er spending bill that they claimed would go towards infrastructure (roads, bridges, and other job creation type construction).
In reality, it is going to temporary entitlement spending, which is like a hit off the crack pipe; it feels good for a short while, but it really doesn't solve anything.
Look at my thread here to see what is currently happening in California with the Fed stimulus money:
http://able2know.org/topic/130342-1
(Please read the attached news articles)
In the US, we also say, 'As California goes, so goes America.'
What should they (Obama and the Democrats) do now?
Lower taxes. Get out of the way of small business, which is what creates jobs in this country. Cut all govt at all levels, Federal, state, and local. (Way too much waste and bureaucracy in this country.)
But they won't do this, as this goes against everything they believe in.
Obama is not just trying to deal with our recession; he is trying to create massive growth and power in the federal govt. He is attempting to politically reshape the culture of our country to suit his political party behind the ecomomic crisis.
This is why some of us oppose him.
If you have an open mind, I hope you can understand this...