At Camp David, world leaders agree on more spending to boost Europe’s economy

Washington Compost ^ | 5/19/2012 | David Nakamura and Howard Schneider

[mojito]

CAMP DAVID, Md. — Leaders of the world’s wealthiest nations opened the door Saturday to more government spending in Europe as way to revive the continent’s struggling economy, shifting away from the idea that the surest way to recovery was through strict fiscal austerity.

Meeting at the Group of Eight summit at Camp David, President Obama and his fellow leaders said they were committed foremost to creating jobs and growth, a shift, at least in emphasis, from previous gatherings dominated by German efforts to reduce high government debt through drastic fiscal reform.

In a joint statement, the leaders of eight of world’s richest countries said they would promote investment in education and infrastructure, as they also sought to rein in government debt. Obama, who has pushed for additional fiscal stimulus in the United States, said the new agreement affirmed the course his administration pursued during the financial recession at home. He said the move toward economic stimulus bolstered Europe’s chances of surviving the crisis.

“The direction the debate has taken recently should give us confidence that Europe has taken significant steps to manage the crisis,” Obama said in a brief statement to reporters outside his wooden cabin nestled in the leafy presidential retreat in the Catoctin Mountains. “There is now an emerging consensus that more must be done to promote growth and job creation right now in the context these fiscal and structural reforms.”

[TLI]

“Another round on the house!” That will fix things.....

Yep.

Heron cures junkies too.

Jack Daniels cures alcoholics.

.

[21twelve]

Yes - that is her. And the article was written in 2009 IIRC.

I read it with my 14-year old daughter for her homework - she was asked to discuss it with a parent. It was a pretty hard read to just “discuss”, so I spent 2 hours answering the homework questions in writing to myself, and then discussing it with her.

She also handed in my three pages of typed comments.

I asked her if the teacher gave her any indication of when they might be at the house to drag me off to the re-education camp.

(Personal note - that DID happen to a friend’s dad back in Vietnam shortly after the war).