September 24, 2009President Obama joins leaders of industrialized and developing economies Thursday at the G-20 summit in Pittsburgh, hoping to convince them to transform the global economic crisis into an opportunity to permanently stabilize banks and financial markets.
The president is expected to tell fellow leaders that the old economic model of massive Chinese exports being snatched up by borrow-and-spend consumers in America and elsewhere is unsustainable. In a preview of that message at the United Nations on Wednesday, Obama said, "Now is the time for all of us to take our share of responsibility for a global response to global challenges."
via www.npr.org
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