tomder55
Apr 4, 2009, 03:34 AM
This is what passes as news reporting these days :
http://www.mcclatchydc.com/politics/story/65353.html
The G-20 economic summit reached a final agreement to restore the world's economy Thursday only after President Barack Obama personally intervened and negotiated a compromise between France and China, White House officials said.
(got that ? the meeting was on the verge of collapes until the community organizer in chief took matters into his hands)
It was a remarkable stroke of personal diplomacy by a new president who's making his debut this week on the world stage.
The pact calls for added spending to stimulate growth, new regulation over all "systemically important" financial institutions including hedge funds, $1 trillion for the International Monetary Fund and an effort to list tax havens, as a way to "name and shame" them into becoming more transparent and cooperating with international rules.
Heading into the summit's final hours, however, it appeared that the group would fail to reach a consensus, as French President Nicolas Sarkozy pushed to have the G-20 spotlight offending tax havens based on a list published Thursday by the Organization for Economic Cooperation and Development, and China objected, largely because it doesn't belong to the OECD.
That was when Obama, long a champion of ending or curbing tax havens, decided to float a compromise and pulled Sarkozy aside, according to a senior White House official, who spoke on the condition of anonymity as a matter of policy.
( a probing report by Steven Thomma who seems to be using unnamed White House officials as his sole source for this pablum !!!!!)
"The president thought he could be helpful in resolving the differences," the official said.
Obama proposed that the G-20 merely "take note" of the OECD list, thus opening the door to implicit but not direct endorsement of that list.
(what a brilliant idea!!!! he is a diplomat for the ages !!!!)
"He sent a message to the Chinese. They were considering it (Obama's message) for some time," the official said.
Obama then met with Chinese President Hu Jintao and Sarkozy in a corner of the summit meeting room, as the other world leaders waited.
(with baited breath no doubt)
Upon the trio's reaching agreement, the G-20 summit then agreed to note the list of tax havens.
Sarkozy, who'd threatened days earlier to walk out of the summit if he didn't get his way, said the final agreement represented "great progress."
This is what passes as responsible journalism these days . Sarkozy would've walked out over the difference between naming the list and noting the list?? Give me a break!!
I bet the Chinese and French are thrilled that the US press is making them props for the legend of Obama .
http://www.mcclatchydc.com/politics/story/65353.html
The G-20 economic summit reached a final agreement to restore the world's economy Thursday only after President Barack Obama personally intervened and negotiated a compromise between France and China, White House officials said.
(got that ? the meeting was on the verge of collapes until the community organizer in chief took matters into his hands)
It was a remarkable stroke of personal diplomacy by a new president who's making his debut this week on the world stage.
The pact calls for added spending to stimulate growth, new regulation over all "systemically important" financial institutions including hedge funds, $1 trillion for the International Monetary Fund and an effort to list tax havens, as a way to "name and shame" them into becoming more transparent and cooperating with international rules.
Heading into the summit's final hours, however, it appeared that the group would fail to reach a consensus, as French President Nicolas Sarkozy pushed to have the G-20 spotlight offending tax havens based on a list published Thursday by the Organization for Economic Cooperation and Development, and China objected, largely because it doesn't belong to the OECD.
That was when Obama, long a champion of ending or curbing tax havens, decided to float a compromise and pulled Sarkozy aside, according to a senior White House official, who spoke on the condition of anonymity as a matter of policy.
( a probing report by Steven Thomma who seems to be using unnamed White House officials as his sole source for this pablum !!!!!)
"The president thought he could be helpful in resolving the differences," the official said.
Obama proposed that the G-20 merely "take note" of the OECD list, thus opening the door to implicit but not direct endorsement of that list.
(what a brilliant idea!!!! he is a diplomat for the ages !!!!)
"He sent a message to the Chinese. They were considering it (Obama's message) for some time," the official said.
Obama then met with Chinese President Hu Jintao and Sarkozy in a corner of the summit meeting room, as the other world leaders waited.
(with baited breath no doubt)
Upon the trio's reaching agreement, the G-20 summit then agreed to note the list of tax havens.
Sarkozy, who'd threatened days earlier to walk out of the summit if he didn't get his way, said the final agreement represented "great progress."
This is what passes as responsible journalism these days . Sarkozy would've walked out over the difference between naming the list and noting the list?? Give me a break!!
I bet the Chinese and French are thrilled that the US press is making them props for the legend of Obama .