Let Us Talk

April 1, 2009

Video – President Obama Meets The Press At 10 Downing Street

During his joint press conference with PM Brown, President Obama denied there is a rift between America and the world and urged leaders of the G20 countries to act in unison to find a way out of the global economic crisis.  President Obama called reports of an international division “vastly overstated.”

 “Nearly every country engaged here has done a fiscal stimulus. We can only meet this challenge together.” Obama said.  Rather than play up their differences, Mr. Obama urged leaders to “focus on common ground.”

President Obama is under pressure to show that the US — which much of the world blames for igniting the economic crisis — can lead the way out. “I came here to put forward ideas but I also came here to listen, not to lecture,” President Obama said. “Having said that, we must not miss an opportunity to lead, to confront a crisis that knows no borders.”

Prime Minister Brown promised reporters that French President Nicholas Sarkozy would not walk out of the Group of 20 meeting on Thursday. President Sarkozy was quoted by officials in his government as saying he would walk away from the summit if it failed to meet his demands for measures to confront the crisis. His attitude reflected what he depicted as major objections by both France and Germany.

“I will not be associated with a summit that concludes by making false promises,” President Sarkozy told Europe 1 radio earlier today before leaving for London. “As things stand, the drafts that are on the table do not satisfy either France or Germany.”

President Sarkozy and Chancellor Merkel of Germany is expected to hold a rare joint press conference later today where they may present a united front against the American model of more stimulus spending. 

German Chancellor Merkel is feeling historical emotional pressure and is afraid to offer a stimulus in her country that may cause inflation.  During the early 1920s Germany was in the middle of a “hyperinflation” and many of its citizen’s life savings were wiped out. Adding insult to injury, in late 1929 the German economy fell victim to worldwide financial depression and industrial production, employment and sales fell and support for Adolf Hitler grew. As the financial crisis in Germany escalated so did Hitler’s popularity and he became Chancellor in 1933 and the rest is history.  Chancellor Merkel who is up for re-election is afraid to side with Obama and Brown because German citizens believe that a stimulus will lead to inflation and Merkel is afraid that German citizens will have a flash back to Hitler and not re-elect her.

Advertisements

March 31, 2009

Schedule: President and Mrs. Obama Goes To Europe

Obama  Obama 

president-obama-dc-to-london-3-31-09-2

Tuesday:

The Obamas are scheduled to arrive in London approximately 7:30pm local time (3:30pm EST).  The UK is 4 hours ahead of EST.

Wednesday:

President and Mrs. Obama will breakfast with Prime Minister and Mrs. Brown at 10 Downing Street then President Obama will hold talks with Prime Minister Brown.  Meetings with Russian President Dmitriy Anatolyevich Medvedev and Chinese President Hu Jintao will follow and then Obama will meet with David Cameron, leader of the British Conservative Party and end the day with her Majesty the Queen of England.

Thursday:

The big day.  G20 summit. 

President Obama will also meet the Indian Prime Minister Manmohan Singh, South Korean President Lee Myung-Bak and King Abdullah Bin Abdul Aziz of Saudi Arabia.

Friday:

Departs for Strasbourg, France (Near the German border)

President Obama will meet with French President Nicolas Sarkozy and hold a town-hall meeting.  He will then travel to Baden-Baden, Germany where he will visit with German Chancellor Angela Merkel and will then return to Strasbourg.

Saturday:

Attends NATO summit in Strasbourg.

Departs for Prague, Czech Republic

Sunday:

Attends EU-US summit.

Departs for Ankara, Turkey

Monday:

Departs Ankara for U.S of A

 

Obama  Obama  . 

Our POTUS and First Lady arrived in Britain at Stansted Airport in Essex, England at 7:51pm GMT (3:51pm EST), where they were met on the tarmac by Chancellor Alistair Darling and his wife Margaret and Britain’s Charge D’Affair’s Richard LeBaron and his wife Jean Foshee LeBaron. They then travelled on Marine One to the grounds of Winfield House, the U.S. Ambassador’s London residence. 

 

March 27, 2009

Blue-Eyed Whites to Blame for Bank Crisis

president-lula-brazil-and-gordon-brown-pm1  Brazil’s President Luiz Inacio Lula de Silva in the past has argued that poor and developing nations have been victims of mistakes made in richer countries, caused by irresponsibility or a lack of regulation in the world’s banking systems.

Appearing at a joint press conference with Prime Minister Gordon Brown just days ahead of the crucial G20 summit in London, he branded those he thought should be blamed for the world’s economic crisis in a less than articulate manner by saying, “It is a crisis caused and encouraged by the irrational behavior of white people with blue eyes, who before the crisis appeared to know everything, but are now showing that they know nothing.”

Later questioned by a reporter, President Lula expanded and further explained his theory by saying that it wasn’t native Indians, nor black, nor poor people that had created and spread the crisis throughout the world and that the world’s poor people should not be forced to pay for the global financial crisis. Quote, “As I do not know any black or indigenous bankers I can only say it is not possible for this part of mankind, which is victimized more than any other, to pay for the crisis.” 

President Lula is also calling for increased regulation of banks and is against protectionism saying, “I compare protectionism to a drug, why do people use drugs? Because they are in crisis and they think the drug will help them. But its effects pass quickly.”

Prime Minister Brown managed not to look uncomfortable but said that he preferred not to attribute blame to individuals.

I can agree that ‘those in charge’ acted like they knew everything and we now know that they knew nothing.  They were pretty much gambling on the highest level with money that wasn’t theirs to gamble with.  I believe that the powers that be demonstrated that they were narcissistic, connoisseurs of greed and financially gluttonous beyond belief but the whole white devil thing is inappropriate especially from a world leader.

Brazil which has historically been a struggling country has been a model of success in Latin America as of late. According to a recent article in Time, Brazil may well be one of 34 major economies that may come out of the global recession undamaged. Brazil’s state-run energy company, Petrobras, is set to expand operations, although at the moment its workers are striking over changes in their profit-sharing plan.

When unregulated capitalism was out of control in Brazil the government imposed financial regulations, while at the same time assisting corporations to promote job growth and distributed some of the wealth to help Brazil’s legions of poor rise from poverty to take their place amongst the middle class.

March 26, 2009

Gordon Brown: Devalued Prime Minister of a Devalued Government

What a speech by MEP Daniel Hannan!

Blog at WordPress.com.