Sunday, March 01, 2009

Brown woos Obama on global deal - Times Online

Brown woos Obama on global deal - Times Online: "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."

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Spending? Spending what, exactly? How can the US, with or without Great Britain, save anybody by spending money we don't even have?

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