Obama Meets the British Press

April 1, 2009 at 6:03 am | Posted in Barack Obama, Economy, G20 | Leave a comment
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The Guardian has a great live blog on the press conf. 

obama-brown

-Obama and Brown emphasize looking forward, not backward in solving economic crisis.

-On global regulation reform: Obama says US has proposed regulatory measures “as tough as any” that have been proposed by Europe.

-On American pressure to encourage deficit spending: Obama says he is pleased with what European countries have done so far.  Brown adds this question would have “legitimacy” if the US had had a fiscal stimulus and other countries had not. But they have. He quotes figures for various EU countries. In total, more than $2tn has been put into a global fiscal stimulus.

-On Sarkozy “threatening” a walk-out: Obama says when you have “a bunch of heads of state” talking, it is “not visually that interesting”. And the conclusions are written in “dry language”. So the media want to inject drama. But that does not reflect the underlying position.

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