Posted on 03/12/2009 5:50:16 PM PDT by NormsRevenge
WASHINGTON (AFP) – President Barack Obama Thursday tried to bridge apparent differences with Europe on rescuing the global economy, calling for "robust" stimulus plans but not a "super-regulator" for finance markets.
The president's remarks to business leaders highlighted the jostling for position underway for control of the agenda of the Group of 20 summit of developed and developing nations in London in April.
Obama said it was important that "stimulus efforts of all countries are sufficiently robust to deal with the decline in demand."
"We want to make sure everybody is mindful that the decline in global demand is enormous and now is the time for us to provide some balance," Obama said.
The president said he backed greater financial regulation, pointing to an approach European leaders have argued is preferable to framing new fiscal stimulus plans,
"We think it is very important that there is coordination, not necessarily a super-regulator," Obama said, in comments that might fall short of European aspirations for reform.
Earlier, just three weeks before a gathering of Group of 20 leaders, European leaders appeared to differ with the United States over the prescription for global recovery.
German Chancellor Angela Merkel and French President Nicolas Sarkozy laid out a joint position at a press conference in Berlin.
"We have agreed that Germany and France will send a common signal at this summit" Merkel said.
(Excerpt) Read more at news.yahoo.com ...
US President Barack Obama speaks to attendees at the Business Roundtable in Washington, DC. Obama Thursday tried to bridge apparent differences with Europe on rescuing the global economy, calling for "robust" stimulus plans but not a "super-regulator" for finance markets. (AFP/Mandel Ngan)
What a clueless amateur. I HATE having an intern getting ‘on-the-job training’ running the country! Grrrrr!
U.S. President Barack Obama speaks during a meeting of
business leaders at a hotel in Washington,
March 12, 2009. REUTERS/Jason Reed
Obama the master of the empty Buzzwords. I just want to know who is the marketing firm that is teaching this administration to use all these buzzwords. These buzzwords are used by people who are totally incompetent and do not know anything on how to solve anything. Check any company and you realize very quickly that the most inefficient and incompetent managers are those who use buzzwords constantly.
I find it hard to believe that he actually said those words without a teleprompter. If he didn’t have one, it would be the first time.
...”robust” stimulus, eh? Then Congress should spend much more, so that we can soon default and get a real political party and better business leadership (business leadership that won’t enforce strict politically correct rule by controlling all major parties).
Shut globalism down. Don’t buy anything that you don’t really need for the next few years. Plant seeds and livestock, before they are all patented and re-taxed.
Since we are running a $2 trillion deficit THIS YEAR, this stimulus had better work like a dream.
“Robust Stimulus” ?
Wow, he exposed the intimate details of his Plans with that statement ! We’ll have to spend hours Digesting this grandios detailed speech.
Such depth, such far reaching intimate detailed strategy...WOW.
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Obama/Pelosi/Murtha/Kennedy/Clinton 1 & 2 !!! No wonder they have a JACKASS for a party symbol.
What a Jerk How about the industrial side that is the only way this thing is going to work.But Muslim Marxists cant think that far ahead.
So, I guess that he thinks he gets a “re-do” because his first stimulus didn’t work in, like, 15 minutes?
Yeah...If you spell rredundant with two r’s...
We’re going through a market correction right now, because of GOVERNMENT. (Fannie Mae, the housing bubble, etc.)
Every dollar Government spends has to COME from somewhere; inflation, foreign interests and/or the American Taxpayer’s pocket. Government doesn’t PRODUCE one thin DIME. Never has, never will.
The MORE Government spends, the LESS there is in the Private Sector, which is the key to the economy in the first place!!
I’m no economic scholar and even this nondescript, lower-middle class, blue collar farm girl can clearly see that.
He has no plan. He knows not one WHIT about economics...no one in his generation does, thanks to Public School.
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