'Global New Deal'

Enoch · Mar 1, 2009

Brown has been pushing his global agenda for sometime now and Obama is ready to listen. I'm afraid we are heading for change I never dreamt possible in my lifetime.

http://www.foxnews.com/politics/2009/03/01/british-pm-propose-global-new-deal-rescue-worlds-economy/

British Prime Minister Gordon Brown hopes to forge a "global new deal" with President Obama to rescue the world's economy when he makes his first visit to the White House since Obama's inauguration.

The Times of London reports Brown, who arrives Tuesday, will reportedly introduce a plan requiring massive spending on a worldwide scale.
The prime minister is expected to invoke the words of President Franklin D. Roosevelt, who proposed the government-financed New Deal to confront the Great Depression in the 1930s, the paper reports.

"There is no international partnership in recent history that has served the world better than the special relationship between Britain and the United States," Brown writes in an opinion piece published Sunday in the Times of London.

Brown's 21st century deal calls for "universal action to prevent the crisis spreading" and "action to kick-start lending so that families and businesses can borrow again." It also requires "reform of international regulation to close regulatory gaps" and "the creation of an international early warning system."

Brown, who has hinted at increasing Britain's tax cuts to boost that nation's economy, is expected to present his proposal during a joint session of Congress on Wednesday.
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What is more intresting than the above story is the OP in the Times of London by Gordon Brown, PM.

Historians will look back and say this was no ordinary time but a defining moment: an unprecedented period of global change, and a time when one chapter ended and another began.

The scale and the speed of the global banking crisis has at times been almost overwhelming, and I know that in countries everywhere people who rely on their banks for savings have been feeling powerless and afraid. But it is when times become harder and challenges greater that across the world countries must show vision, leadership and courage – and, while we can do a great deal nationally, we can do even more working together internationally.

So now is the time for leaders of every country in the world to work together to agree the action that will see us through the current crisis and ensure we come out stronger. And there is no international partnership in recent history that has served the world better than the special relationship between Britain and the United States.
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Read the rest here
http://www.timesonline.co.uk/tol/comment/columnists/guest_contributors/article5821821.ece

dragonfly · Mar 1, 2009

We are all in this together.

targus · Mar 1, 2009

dragonfly said:

We are all in this together.
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Then shouldn't we all pay for this together?

How much more in taxes are you willing to pay for all the spending that you support?

billwald · Mar 1, 2009

You all think your personal life is normal - talk to someone over 80

You all think you have been living the normal life. You and I have have been living in freak times which will probably not return until 20 years after WW3, whenever that is. 100 years ago and back to Adam getting kicked out of the Garden 80% of working people never in their entire lives had 2 months pay in their pocket at one time. The average worker NEVER had credit to by stuff. Prior to the 20th century almost no working person was able to buy a house with as little as 20% down.

My Old Man had to quit school in the 8th grade so he could work and help feed his family. That was normal for half of all working people. The middle class, doctors, lawyers, business owners, most all had live in servants and were maybe 15% of the population. HALF the people who came through Ellis Island became live in servants. Exactly whom do you think hired them? Plumbers and carpenters? Butchers and grocers? Farmers? prior to WW1 half of all Americans lived on the farm.

Before WW1 half of all Americans had neither electricity nor indoor plumbing. Half of all city working people lived tenements and had maybe one bathroom for 5 families.

So ask yourselves, how did we in the US pull ourselves up so far and how can we raise the rest of the world up to our standard of living? Or will end up in splitting the difference? The natives are restless.

Enoch · Mar 2, 2009

Thanks for sharing. I think most people realize life was different for those who are older. I really enjoy listening to stories of elder friends and family. So do you agree with the global agenda of Brown? I think regardless of ones age our opinion of the "change" some are advocating is a direction that is life changing for the American way of life.

billwald · Mar 2, 2009

Seems like the one world global companies have the world wide economy a done deal and the governments have lost control. What's the choice? Go with the flow or become an isolationist nation? Maybe we could maintain a 50's economy and life style if we became isolationist? Renege on all foreign debts and close the borders? It worked for Japan for a couple hundred years. Back then Americans were very happy to have a 1000 sq ft house, one car, and 2 weeks vacation. Fresh food only in season.

How many sermons did Jesus give bad mouthing the money changers? back then multiple currencies ripped off the poor just like now. If there was a one world unified currency then the money changers would be out of a job. I don't see how it could make things worse. The US, GB, and the EU could all use the EU currency. National currency is mostly a "pride" thing and a means of ripping off the working people.

It would work if countries were forced to keep honest books. Make cooking the books a firing squad offense along with their wives, husbands, parents and children.

90% of the money in circulation is electronic transfer, anyway. Guy on CtoC last night claimed that in Korea no one uses credit cards any more - they make purchases with cell phones. Don't know how it works or if true.

Enoch · Mar 5, 2009

It's hard to fathom this as a possibility but look how fast Obama has changed the direction of America. Waiting for the G-20 summit...
Global new deal 'possible' in months : Brown

WASHINGTON (AFP) – British Prime Minister Gordon Brown raised the prospect of a global "new deal" to fix the finance industry within months, setting the stage for April's G-20 economic summit with President Barack Obama.

Brown, taking a welcome break from political problems back home, claimed his prize as the first European leader to meet Obama in the Oval Office, and won a statement from the US leader that US-Britain ties were unbreakable.

Obama agreed the world needed to work collectively to head off future financial crises, but did not give a specific, public endorsement of Brown's calls for a sweeping new global regulatory framework.

Brown, who will on Wednesday give a showpiece address to a joint session of the US Congress, also called for an overhaul of global financial institutions and a drive for a new green, globalized economy.

"Look, there is the possibility in the next few months of a global new deal that will involve all the countries of the world in sorting out and cleaning up the banking system," Brown told reporters in the Oval Office.

"There is the possibility of all the different countries of the world coming together to agree the expansion in the economy that is necessary to restore confidence and to give people jobs and growth and prosperity for the future," he said.

"There is the possibility of the international institutions for the first time being reformed in such a way that they can do the job that people want them to do, and deal with some of the problems that exist in the poorest countries of the world."
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Read more here
http://news.yahoo.com/s/afp/20090304/bs_afp/usbritaineconomybankingbrown_20090304020753

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