Obama defends economic policies ahead of G20 summit

World leaders have arrived in South Korea's capital Seoul to take part in the two-day G-20 summit, which kicks off on Thursday.

The meeting of finance ministers and other official representatives of the world's 20 largest economic powers comes amid deep divisions in the bloc, particularly over the US Federal Reserve's decision last week to buy $600b of government bonds.

The buyout seeks to boost the world's largest economy, but critics say it will weaken the dollar to the detriment of other nations.

A day before his arrival in Seoul on Wednesday, Barack Obama, the US president, sent a letter to the G-20 leaders defending his economic policies.

"A strong recovery that creates jobs, income and spending is the most important contribution the United States can make to the global recovery," Obama said.

He also called for countries to work together in pacing the global economic recovery.

"When all nations do their part, emerging no less than advanced, surplus no less than deficit, we all benefit from higher growth," the president said.

[November 10, 2010]

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[poopstreek]

@Roeshamboe05 The people who want a single world government are not good people. They are international bankers who will use monetary fascism to control every facet of our lives. There is a reason they are trying to form it behind closed doors, and it is because if people knew the plan, they would reject it.

I like The Constitution too much to just trash it for the sake of trying something new, and tuning our future over to an unaccountable gov. that I will never see.

[mrtriplewinner]

obama is an complete idiot. seriously....

[deniro999]

obama is doing a magnificent job. hes turning the economy around now , after winning the wars and toppling the terrorists, hes got car sales up , spending up, employment up, healthcare up for 50 million, hes stuck tariffs on chinese imports, increased stem cell research, invested in military hospitals. considering what bush left him with $11 trillion debts , disarmed ruskies obama has worked miracles. and Im a right winger. but fair play to him. I only disagree with him on israel and abortion

[1NationConservative]

Obama made a complete MORON out of himself at the G20. He is completely at odds with the other members because he is trying to do to America exactly what has failed in their Countries. STOP THE SOCIALIST AGENDA AND STOP THE SPENDING. Obama you are destroying the value of the dollar and our Country because of your Social Engineering. Obama is running the Country just like a Community Organizer and could give a crap about the economy but seeks to increase entitlements and dole out Social Justice.

[mrtriplewinner]

I couldn't care less what you think. Obama continues to be a complete idiot and you, too. moron (at least I speak three languages and you, probably speak only engRISH and cannot locate your own contry (usa) in the world map.

[impeachobamanow2010]

@mrtriplewinner GOT THAT RIGHT!

[impeachobamanow2010]

@kevinelruler LOL U A TROLL? OBAMA IS A JOKE WAKE UP!

[rooroo1988]

@mrtriplewinner Check your grammar before you call someone out.

[Josephdaz1]

Another chance for Barry to screw things up :(