FORTUNE -- President Obama wants to slow Europe's headlong rush to austerity. But right now he looks like little more than a speed bump for the cutback crowd.
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Obama has sought to use the upcoming meeting of the Group of 20 global finance ministers in Canada this weekend as a rallying cry for . He argues that cutting government spending now risks undermining a fragile recovery in debt-soaked Western economies. [read more]See, debt is just a fiction to President Obama. His view is that it doesn't matter how much you spend because ... because ... because. Okay, I don't get it. Apparently, neither does Europe.