Tuesday, March 03, 2009

Obama Meets With Gordon Brown on Global Economy Fix


Britain's Prime Minister Gordon Brown has the right idea but if the world can get together to fix the global economy, the G 20 (group of the largest 20 economies) ought to get together to figure out Darfur and ways to tackle world poverty. The G 20 summit is April 2.
NPR: Brown, who is in Washington this week to meet with President Obama and address a joint meeting of Congress, told NPR's Steve Inskeep that the financial crisis is "a global problem. It needs global solutions."

"There is a global banking collapse that we're dealing with consequences of in every country," Brown said. The British leader has in recent weeks invoked former U.S. president Franklin D. Roosevelt in calling for a "global New Deal" to fix the world economy.

"I think there is a general understanding, whether you talk to China, whether you talk to the European Union or you talk to our great friends here in America, that we need to show that the world can come together," he said.

A fiscal stimulus alone is not enough, Brown said. The international community needs to set standards "that if people are not able to meet, we would have a mechanism by which we would say, 'Look, this is not good enough,' and people would lose their status in the international community."

Obama and Brown: