Sunday, March 1, 2009

You're not going to believe this story

President Barack Obama is actually considering an offer of a New Deal program for the world to ensure security for every global family, The Sunday Times of London reported today.

Have you picked yourself off the floor? How can he offer a New Deal to the world when it can't even pay for the one at home?

But Obama and British Prime Minister Gordon Brown will be meeting this week to discuss just that. Yet Brown is offering tax cuts to stimulate the British economy, not record spending.

Here's the story:

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.

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