Obama: Strong US economy key to global recovery

By ASSOCIATED PRESS
November 10, 2010 17:48
1 minute read.

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

SEOUL, South Korea — President Barack Obama said on Wednesday a strong, job-creating economy in the United States would be the country's most important contribution to a global recovery as he pleaded with world leaders to work together despite sharp differences.

Arriving in South Korea on Wednesday for the G-20 summit, Obama is expected to find himself on the defensive because of plans by the Federal Reserve to buy $600 billion in long-term government bonds to try to drive down interest rates, spur lending and boost the US economy. International critics have said that the move would give American goods an unfair advantage in the global market.

In a letter sent Tuesday to leaders of the Group of 20 major economic powers, Obama defended the steps his administration and Congress have taken to help the economy.

"The United States will do its part to restore strong growth, reduce economic imbalances and calm markets," he wrote. "A strong recovery that creates jobs, income and spending is the most important contribution the United States can make to the global 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 in the letter.

Related Content

Breaking news
August 21, 2018
Madonna defends herself after Aretha Franklin tribute backlash

By REUTERS