Laura Tyson and Martin Wolf - Looking Towards the London G-20 Global Growth Summit - Panel 1

Panel 1

For the past decade and a half, U.S. consumption has been the principal driver of world economic growth, supplying demand for the consumption of goods that propelled the world economy.

As the U.S. struggles with a deep recession and its consumers are forced to retrench, the leaders of the G-20 Summit in London must make it their first priority to search for new engines of global growth.

Category:

News & Politics

Tags:

• Economy
• Depression
• Recession
• Banking
• Federal
• Reserve
• Global
• Globalist
• Economics

[Summelduple]

Thank you so much for posting this NewAmericanFoundation, this was fascinating!

[Summelduple]

These banks have to be bailed out due to the huge systemic risk they pose - when Lehman Bs was not bailed out financial markets went into turmoil. If we wern't bailing out failing institutions then the US and British economies would be beyond repair for decades, then the US taxpayers would REALLY be screwed. Institutions have become too big to fail. Running huge debts is the only way to save the economy. Thus, poor old Obama isn't president of the USA but president of the US budget defecit!

[horny4bears]

Martin Wolf thanks for your time, and least given my ears a few words of comfort that you say you feel for the base,and have our social contract on your mind

Laura Tyson, I know you prolly mean well, but my stomach turns like the days listening to Mrs Rice former sec. of state, give lectures and q&a's, seems I hve a sensitive nose, that makes me ill when it thinks its spending to close of a time to bs spin machines.I mean no offense other than sharen in transparency how I feel

Take Care

JCWOLF

[horny4bears]

the american ppl, back peddles to congress, and administration. was going to say, they have job security 4 years a pop.

yah, would say its worse for me, haven to watch ppl of less than notable character run around populating like guinee pigs, and this 'chuckle' mess, pretty much whipped out all plans of a family life for myself.

don't pay attention to other countries, must depend if you can fine them, not tax. not saying you folx, just a story I recall from netherlands, 8 years or so ago.

[horny4bears]

if they see a way to spin this, for a rash of sensationalisim for ratings.

Did she say other countries love to borrow alot? I know i've been fairly well sheltered from each factoid in all the corners of the earth, but wasnt USA the ripleys believe it or not, in fiscal responsibility.

*sighs* 10 trillion, 32k for every citizin of the usa, at a population of 303,824,640 (July 2008 est.)

[horny4bears]

Havnt personally been egg'd myself, from fellows in europe and asia. Seems they don't blame the base of this pyramid of disacord.

This isnt the first time in their history of seeing ones beraucracy with no ability to relate, or desire to feel life in my boots.

Things come off as if its a onion, layers upon layers, that bring tears when its pealed apart.

They're not clueless, when every day folx, hear plans that streched longer than the mean age of the youth. Plus news seems to care on $

[horny4bears]

wasnt the sign of a 98% poll I believe, saying deny opening the check books to spill so much cash.

was no suprise to few, just had 0 to worry on loose'n by the time the birthing pains were being felt from a friend.

Mr.0.&Mrs.0. and team, seem to hve flunked in 3 social foopars, talking with a moderate for shiate law, given a red button with the word on it lost in translation, sure didnt mean reset, and touching the high blue blood as if they were friends all along, tsk.

[ronmamita]

Laura has perfectly stated her shared narrow vision from the political box. The politicians fail to see a slow and true recovery by putting the people first; because they believe the institutions are the first priority.

What a lost opportunity from government this is becoming. Government increasing debt with fractional reserve banking and bailing out these speculative financial institutions is not the answer.

This is a State in denial; a govt committed to these failed financial institutions.