Saturday, October 29, 2011

G20 Summit in France


An update on the Summit in France, "At previous G20 and G8 summits, Obama has been able to cite financial system reforms enacted under his administration to demonstrate to other world leaders that the U.S. is working to stabilize its fiscal situation.

However, next week's summit will take place amid ongoing "Occupy Wall Street" demonstrations across the United States, in which people are protesting high unemployment, economic inequalities, and what they call corporate greed. 

The president spoke about the protests, which have drawn attention overseas.

"The protesters are giving voice to a more broad-based frustration about how our financial system works," he said during his press conference on October 6th.

As he awaits the upcoming deficit-reduction decision by the supercommittee, Obama also continues to press lawmakers on legislation he says would create 1.9 million jobs. 

Earlier this month, his American Jobs Act failed to obtain the 60 votes needed for passage in the Senate, with all Republicans voting against it. Congress earlier did approve free-trade agreements the president says will help the economy."


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