Despite tough economic times, President Obama today assured the world that the united states is a good investment.
He is playing down reports that he and his European counterparts are at odds on how to fix the global economic crisis.
Even as Wall Street was cruising to its strongest week of 2009, China expressed concern about its trillion-dollar investment in US debt.
Today, President Obama declared any fears unfounded.
"Not just the Chinese government, but every investor can have absolute confidence in the soundness of investments in the United States," said Obama.
The president sat down with the president of Brazil, to coordinate strategy for next month's G20 Summit in London and he is playing down reports of friction with Europe.
"I cant be clearer in saying there are no sides," said Obama.
At this weekend's G20 meeting in England, world finance ministers ignored US calls to launch their own versions of our Economic Stimulus Plan.
Treasury Secretary Timothy Geithner argued in favor of government intervention, on a global scale.
"A healthy US Economy requires a healthy and strong global economy. Our recovery will be stronger if the world is stronger," said Geithner.
For now, the nations have agreed only to let the international monetary fund monitor what's working and what's not.
Meanwhile ... Republicans say the Obama Administration is spending too much in the wrong places and that the middle class eventually have to pick up the tab.
He is playing down reports that he and his European counterparts are at odds on how to fix the global economic crisis.
Even as Wall Street was cruising to its strongest week of 2009, China expressed concern about its trillion-dollar investment in US debt.Today, President Obama declared any fears unfounded.
"Not just the Chinese government, but every investor can have absolute confidence in the soundness of investments in the United States," said Obama.
The president sat down with the president of Brazil, to coordinate strategy for next month's G20 Summit in London and he is playing down reports of friction with Europe.
"I cant be clearer in saying there are no sides," said Obama.
At this weekend's G20 meeting in England, world finance ministers ignored US calls to launch their own versions of our Economic Stimulus Plan.
Treasury Secretary Timothy Geithner argued in favor of government intervention, on a global scale.
"A healthy US Economy requires a healthy and strong global economy. Our recovery will be stronger if the world is stronger," said Geithner.
For now, the nations have agreed only to let the international monetary fund monitor what's working and what's not.
Meanwhile ... Republicans say the Obama Administration is spending too much in the wrong places and that the middle class eventually have to pick up the tab.
