Presidential Op-ed
October 28th, 2011
10:42 AM ET

Presidential Op-ed

President Obama pens an op-ed in today's Financial Times laying out his goals for the G20 meeting taking place next week in France. It all seems to boil down to these four things:

– First, as the world’s largest economy, the US will continue to lead. The single most effective thing we can do to get the global economy growing faster is to get the US economy growing faster. That’s why my highest priority is putting Americans back to work. …

– Second, the crisis in Europe must be resolved as quickly as possible. …

– Third, each nation must do its part to ensure that global growth is balanced and sustainable so we avoid slipping into old imbalances. For some countries, this means confronting their own fiscal challenges. For countries with large surpluses, it means taking additional steps to support growth. …

– Finally, the G20 nations must deepen co-operation on the range of global challenges that affect our shared prosperity. We need to move ahead with our commitment to phase out subsidies for fossil fuels and transition to 21st-century clean-energy economies. As we promote the development that gives nations a path out of poverty, we can focus on the infrastructure, finance and good governance that unleash growth. Even as we work to save lives from the drought and famine in the Horn of Africa, we need to continue investing in the food security and agricultural productivity that make future famines less likely and communities more self-sufficient.

You can read the whole op-ed here, but a warning if you're not a FT registered user, you'll have to go through the free registration process first.

Topics: Op-ed • President Obama