Brown woos Obama on global deal GORDON BROWN hopes to forge a partnership with President Barack Obama in Washington this week, to call for a “global new deal” to lift the world out of recession. As he prepares for his first White House visit since the president’s inauguration, the prime minister has hinted that he is ready to make further tax cuts to boost the UK economy. Brown will meet Obama on Tuesday and address a joint session of Congress on Wednesday. Aides say he has both to demonstrate to a sceptical British public that he commands the respect of the president, and to persuade the American political establishment that global action is needed to rescue the US economy. Brown is under pressure to persuade American political leaders to sign up to bold aims for the G20 summit of industrial and leading developing nations, which is to be held in London next month. Many US politicians believe economic policy should put America first, and have shown little interest in concerted global action. Brown will argue for a renewal of the transatlantic relationship, with the two powers working together to solve global economic problems. The prime minister will borrow from the rhetoric of Franklin Roosevelt, who introduced the government-financed New Deal to tackle the US Depression of the 1930s. He will argue that his 21st century “global new deal” will also require public spending on a huge world-wide scale. Writing in The Sunday Times today, Brown calls for “universal action to prevent the crisis spreading, to stimulate the global economy and to help reduce the severity and length of the global recession”. His stress on continued economic “stimulation” will increase speculation about next month’s budget. No 10 sources said that, while no final decision had been taken about further tax cuts, the prime minister would do “whatever it took” to pull the UK out of recession.
This is going to scare the ever living dog crap out of those waiting for black helicopters to arrive.
Well, if it's an idea coming from Europe, it must be Socialistical and stuff. So, even though the curse has lost its oomph since the end of the Cold War, I must let loose with cries of... SOCIALISM!
I read this as they're going to ask us to pump money into the world economy directly as opposed to just keeping it here. Especially since Eastern Europe is about to implode and the EU isn't eager/able to assist. Of course I could just be cynical...
LOL well I cannot speak for those people but being an average joe American it scares the crap out of me. This wreaks of socialism and that whole one world government push that keeps bubbling up in provda....errh I mean the media.
I'm going to hold my opinion until I know more. I agree that we need to coordinate our response with other countries but if Brown is looking for us to prop up the global economy with injections of capital I don't see how we can do that. We are borrowing the capital to inject into our economy already. If capital needs to be injected the countries with cash reserves, UAE, PRC and etc.. are the ones that should be apealed to.
