Possible G7 Teleconference this weekend over US debt

[Animus]

World leaders confer on debt crises this weekend - Yahoo! Finance

White House spokesman Jay Carney said Obama believes "it is important that our elected leaders come together to strengthen our economy and put our nation on a stronger fiscal footing.

Xinhua scorned the United States for a "debt addiction" and "short sighted" political wrangling. China, it said, "has every right now to demand the United States address its structural debt problems and ensure the safety of China's dollar assets."

"International supervision over the issue of U.S. dollars should be introduced and a new, stable and secured global reserve currency may also be an option to avert a catastrophe caused by any single country," Xinhua said.

In contrast, France's Baroin said France had faith in the United States to get out of this "difficult period." Friday's U.S. unemployment numbers were better than expected and so things were heading in the right direction, he said.

 

[Full-Auto]

World leaders confer on debt crises this weekend - Yahoo! Finance

White House spokesman Jay Carney said Obama believes "it is important that our elected leaders come together to strengthen our economy and put our nation on a stronger fiscal footing.

Xinhua scorned the United States for a "debt addiction" and "short sighted" political wrangling. China, it said, "has every right now to demand the United States address its structural debt problems and ensure the safety of China's dollar assets."

"International supervision over the issue of U.S. dollars should be introduced and a new, stable and secured global reserve currency may also be an option to avert a catastrophe caused by any single country," Xinhua said.

In contrast, France's Baroin said France had faith in the United States to get out of this "difficult period." Friday's U.S. unemployment numbers were better than expected and so things were heading in the right direction, he said.

Right direction? They just added what 500 new regulations with the promise of thousands more. Not until this president is removed, will a recovery begin.

 

[Animus]

Personally I don't think we have enough time until the next election to fix this mess.