Skip to: Content
Skip to: Site Navigation
Skip to: Search
SUNDAY, NOVEMBER 8, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter


1

G20 Measures 'Necessary, But 'No Guarantees': Obama

Share

(Newser) – President Obama touted the resolutions of the G20 summit today in London, saying swift and muscular action was needed to reverse the global economic downturn, the AP reports. Steps like the injection of funds into the IMF and the creation of a global regulatory body “were necessary,” he told a packed press conference. “Whether they were sufficient, we’ve got to wait and see.”

Obama would not comment on any compromises the US made—hoped-for stimulus was not agreed upon, for instance—but did say the US had taken a position of leadership. “We’re starting to see some restoration of America’s standing in the world,” he said. Overall, his tone was cautious but optimistic. “In economics there are no guarantees. There are always risks involved,” he said. “This is not a panacea, but it is a critical step.”

President Barack Obama gestures during a press conference at the end of the G20 Summit.
President Barack Obama gestures during a press conference at the end of the G20 Summit.   (AP Photo)
Obama says he has a cold all week.
Obama says he has a cold all week.   (AP Photo)
Obama laughs during the press conference.
Obama laughs during the press conference.   (AP Photo)
« Prev« Prev | Next »Next » Slideshow

In economics there are no guarantees. There are always risks involved. I have no doubt, though, that the steps that have been taken are critical to preventing us sliding into a depression. - President Obama

« Prev« Prev | Next »Next » Slideshow
OFF THE GRID
11.6.09
Galleon Scandal: Shocked, Shocked by Insider Trading
11.5.09
Rupert Murdoch Is Mad but Cute
1 comment
VIEWING:
 
TerrifiedCitizen
Apr 2, 09 5:38 PM CDT
In Obama's meeting with Medvedev, the long U.N. debated issue of what to do about global religious intolerance and violent strife was revisited... this time with an American president that had to deal with some domestic instances of religious controversy during his own political campaign, and had absolutely no trouble turning his back on a religious leader whom was enmeshed with his past. The Russians see in Obama a realistic opportunity for a partial idealistic affirmation... that "religion is the opium of the people." Such a move to support this confidential U.N. referendum from the leader of a major religious stronghold would tip the scales and bring the subject onto the world stage... if successful, it could soon emerge in the form of either a consolidation as occurred in Constantinople or an outright prohibition. Believe me friends, this is no conspiracy theory. Reply
Vote up! Vote down!
0
LEAVE A
COMMENT Comment Policy
Facebook ConnectPost this comment to Facebook?

After connecting you will have the option to post your comment on your Facebook profile.

 

Related Newser Stories

44 Stories

 IMF: Global Recession Is Over 

World economy is growing, but recovery will be slow

Oct 1, 09 5:37 AM CDT
(Newser) - The global recession is over, the International Monetary Fund said today, revising its economic forecasts in response to Asian growth and more than $2 trillion in stimulus packages worldwide. The IMF now says the world economy is growing and will expand by 3.1% in 2010, with China growing at... More »

MORE ABOUT:
International Monetary Fund • growth • recession • IMF • global economy • Dominique Strauss Kahn • financial crisis • economic recovery

 G20 Near Deal to Open 
 Economies to Scrutiny 

'Peer review' system will let nations assess each other's policies

Sep 25, 09 6:17 AM CDT
(Newser) - The G20 is on the brink of a deal this morning that will require members to "peer review" one another's economic policies—a substantial shift that will expose the US and China to wider scrutiny from less wealthy countries. The new top table for international negotiation wants less American... More »

MORE ABOUT:
International Monetary Fund • oversight • IMF • global economy • US economy • Chinese economy • peer reviews • G20 • Group of 20

 Obama Nominates 
 Bernanke for 2nd Term 

Prez: he 'approached a financial system on the verge of collapse with calm and wisdom'

Aug 25, 09 8:43 AM CDT
(Newser) - President Obama has nominated Ben Bernanke for a second term as Federal Reserve chairman, saying Bernanke “led the Fed through the one of the worst financial crises that this nation and this world have ever faced,” the AP reports. “Ben approached a financial system on the verge... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • recession • nomination • financial crisis • President Obama • economic recovery

(Newser) - President Obama will nominate Ben Bernanke for a second term as chairman of the Federal Reserve, the Wall Street Journal reports. Obama, who will make the announcement tomorrow, credits Bernanke with “pulling the economy back from the brink of depression,” White House chief of staff Rahm Emanuel said... More »

MORE ABOUT:
Ben Bernanke • depression • Federal Reserve • Rahm Emanuel • financial crisis • President Obama

OPINION

Recession Soon Over, but Here Comes Another

Roubini: Unwinding rescue could produce 'W-shaped' recovery

Aug 24, 09 7:02 AM CDT
(Newser) - The global recession is nearly over, but the recovery is far from certain, writes NYU professor and professional pessimist Nouriel Roubini in a Financial Times op-ed. The economist who predicted the financial crisis chides colleagues who foresee a V-shaped recovery, with a quick return to growth. Rather, the recovery will... More »

MORE ABOUT:
recession • global economy • stagflation • financial crisis • recession depression • Nouriel Roubini • economic recovery

44 Stories


Politics  •  Business  •  World 
TwitterFollow @NewserPolitics on Twitter

 
London • depression • recession • IMF • global economy • G20 • financial crisis • President Obama • regulatory body

from our news partners