Saturday, September 26, 2009

Oh Wow!! G-20 BIG success

I don't like the sound of this at all. All I can visualize is a bunch of frat boys sitting around patting each other on the back and smacking their hands together in satisfaction.

AP Obama: G20 brought economy back from brink

[...]

In a statement, all the G-20 leaders declared major progress from what they called their coordinated efforts and "forceful response."

"It worked," they said.

Although many of the pronouncements and actions taken by the leaders lacked specifics or details on follow-through, leaders were bold in pronouncing the gathering - the third G-20 summit in a year - as a big success.

And now for some really scary bits:

[...]
They moved to require members to subject their economic policies to the scrutiny of a peer review process that would determine whether they were "collectively consistent" with sustainable global growth.

They also went along with Obama's push for a pledge to withdraw government subsidies from fossil fuels such as oil, coal and natural gas linked to global warming. read the whole thing from the AP


And from Reuters comes this:

ANALYSIS-Will "It worked" come back to haunt G20?