Some are describing the meeting between Barack Obama and China’s President Hu Jintao at this week’s G20 Economic Summit in London as the ‘G2′. Read more about the two leaders very first meeting below, see photos, and watch a video.
Chinese President Hu Jintao, President Barack Obama
Barack Obama and Hu Jintao, the President of China, met for the first time in London ahead of the G-20 economic summit.
During their ‘G2′, The One and Hu seemed to get along well — most socialists do — and agreed to ‘intensify coordination and cooperation on global economic and financial issues.’ That seems helpful.
The Chinese have openly questioned the long-term value of their treasury bond holdings and begun angling for a new global reserve currency to replace the dollar. Something our Treasury Secretary Tim Geithner was for before he was against. And reportedly Obama opposes replacing the dollar as the global reserve currency.
The two leaders agreed to work together to renew world economic growth, strengthen the financial system and establish a ’strategic and economic dialogue’ group that would first meet in Washington later this year. The White House says Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner would represent the United States during those talks.
Geithner will engage senior Chinese officials on these and other economic issues, among them — continued stimulus spending to boost consumer demand, China’s currency valuation and trade compliance. Clinton will speak with Chinese officials on foreign policy issues.
We’re doomed.
More photos and a video from Barack Obama, Hu Jintao ‘G2′ are below.
Hu Jintao Barack Obama G2 Photos
Hu Jintao Barack Obama G2 Photos
Hu Jintao Barack Obama G2 Video
Photos: WENN
April 1st, 2009 at 10:08 pm
Oh me. We are doomed.
This sharp left turn the O is taking us on is coming at a terrible price and the cure is going to be painful.
April 2nd, 2009 at 8:20 am
“We’re doomed.”
Great commentary, Kate. Each day is more frightening than the next. I wonder if China’s very public statements of concern about the US financial situation is not a cover for the exciting possibility that we will go down in flames, and they will cash in, not with our bonds, but with the ability to do with us, what they will.
April 2nd, 2009 at 9:43 am
Dont worry ladies.
Michelles gown was stunning enough to fix all that.
Why wouldnt the Chinese want a global currency when ours is tanking ?
Oh God another speech ?
Sorry, it seems everytime I sit down in front of my puter the messiah starts talking again
April 2nd, 2009 at 11:25 am
[...] up for their pictures to be taken at the g20. we’ll have the next few weeks and months to sort out coordinated [...]
April 2nd, 2009 at 11:33 am
“We’re doomed” doesn’t jive with all markets now being UP since Obama’s first full day in office. Obama inherited a falling knife, that needed to be caught. It was ( http://tinyurl.com/knife-caught ). I give him credit for that. You can argue whether his administration had anything to do with the turnaround, but at minimum he’s not poured gas on the fire.
A stock market bounce back is one of the first signs that we’re being led out of a recession. Doom is not in our future, and you should be happy about that.
April 2nd, 2009 at 11:56 am
micheele obama and queen elizabeth getting some quality time together
http://www.youtube.com/watch?v=glrN7sm9wxo
April 2nd, 2009 at 12:05 pm
Sorry guys, I don’t see the doom and gloom here. I mean, this was run-of-the-mill political posturing, right? Everybody smiles and shakes hands and pays lip service to “working together”, blah blah blah. That about sums it up, right?
So at worst we just saw more of the age old game of politics. I’m curious about what people were looking for here. Should he have somehow insulted Hu and refused to meet with him? Should he have declared a total refusal from the US to cooperate with China in any way?
What should have happened that didn’t?
April 2nd, 2009 at 12:05 pm
The falling knife was caught all right… but with the taxpayer chest. The recession is just beginning. Or is this a jobless recovery? Mmmm…
April 2nd, 2009 at 12:07 pm
As history shows, the job market won’t turn around for another six to nine months.
@lisab: No, I think you got that wrong. I didn’t realize Sarah Palin, Ann Coulter, and Dr. Laura held court with the Queen!
April 2nd, 2009 at 12:27 pm
Rob L,
the dog is michelle …
of course you being such a idiot did not get the joke …
maybe if you opened a book once in a while you dem toadies would not be so ignorant
April 2nd, 2009 at 12:29 pm
oooooo … great video of the band at the obama’s wedding … playing the bride and groom’s song
http://www.youtube.com/watch?v=VMnjF1O4eH0
April 2nd, 2009 at 12:32 pm
Lisa, obviously I got your “joke” and instead inserted 3 GOP women in place. As they say, turn about is fair play. Looks like the egg is on your face.
You can’t do any better than name calling me an “idiot”? Are you twelve years old or something?
April 2nd, 2009 at 12:33 pm
““We’re doomed” doesn’t jive with all markets now being UP since Obama’s first full day in office.”
WTF ?
The market has been a disaster since he set foot in office with no sustainble level on eway or the other, it pooped up again today, so what ?
Anyone worth their salt in the business will at least go by quarterly readings and not make judgements on daily readings.
Gimme a break.
” Obama inherited a falling knife, that needed to be caught.”
Yea, you can thank Clinton, Frank, Schumer and all of F&F along woth countrywide and a few others for that knife that Bush and McCain tried so hard to tell everyone was coming.
I’m really getting sicck and tired of hearing this manufactured mantra that it was all the fault of the last admin. when its been a process in motion for decades that had its foundation with Carter and the CRA that was bolstered into even a larger scale by Clinton.
You take the last two years of the dem congress implementing policies from the CRA via Frank, Dodd, and Schumer and that5 is where the problem were looking at today came from.
Period.
“but at minimum he’s not poured gas on the fire.”
Hes doin almost the exact same thing FDR did which only made things worse and dragged the depression out for years more, massive entitlements while taxing the crap out of the countrys only source of income, printing money ,and bailing out failing businesses.
You might want to take another look at history
April 2nd, 2009 at 12:33 pm
@lisab: Ohhh, I get it, you’re calling her a dog. Man, that is just too funny. Do you do standup or something?
April 2nd, 2009 at 12:34 pm
“The market has been a disaster since he set foot in office with no sustainble level on eway or the other, it pooped up again today, so what ?”
Should say
The market has been a disaster since he set foot in office with no sustainble level one way or the other, it “POPPED” up again today, so what ?
April 2nd, 2009 at 12:39 pm
“Lisa, obviously I got your “joke” and instead inserted 3 GOP women in place. As they say, turn about is fair play.”
well … since michelle is hideous … she is a dog.
you can’t blame me for thinking you two are too stupid to get the joke … you are obama supporters … therefore by definition morons
April 2nd, 2009 at 12:39 pm
Haha, Freudian slip Micky?
April 2nd, 2009 at 12:41 pm
just in case you want to know where michelle gets her outfits
http://www.youtube.com/watch?v=3giPpAgyjhA&feature=related
April 2nd, 2009 at 12:42 pm
@lisab: Even though you only quoted Rob L, I assume when you say “you two”, you were referring to me as well.
Assuming that is true, I defy you to go back to any post on this or any other site and find a quote by me that qualifies me as an “Obama supporter”.
Or just ask people here (Micky, etc). Obama’s not my guy and never has been.
April 2nd, 2009 at 12:47 pm
“The market has been a disaster since he set foot in office with no sustainble level on eway or the other, it pooped up again today, so what ?”
It was falling when he came into office and that trend just continued when he took office. However, the month of March was an unqualified success, the first positive month in six months. “Disaster” doesn’t match the reality of markets being in positive territory.
“Anyone worth their salt in the business will at least go by quarterly readings and not make judgements on daily readings.”
I agree. He’s coming up on nearly 3 months in office, and he would be UP in that time. But also, when things were really bad, I saw numerous stories on this website about how it was “no confidence” in Obama and other such crap. I said it was crap then, and I won’t do the same stupid thing as they did now that it’s on the way up.
“I’m really getting sicck and tired of hearing this manufactured mantra that it was all the fault of the last admin.”
I said nothing of the kind. Don’t put words in my mouth. Read what I am saying and don’t generalize me with others. It is a complex problem that happened over many years. Bush certainly has his share of blame though.
“Hes doin almost the exact same thing FDR did which only made things worse and dragged the depression out for years more”
FDR’s well documented mistake is that when he though the country was back up the uprise, he tried to balance the budget. This extinguished the recovery and the recession dragged on. Democrats want a balanced budget. We will be on that road once the danger passes.
April 2nd, 2009 at 12:55 pm
This just in….Obama has taken over Europe and China. He will name Czars before leaving to come back to the USSA.
April 2nd, 2009 at 1:14 pm
the market is down 3000+ points since obama got the nomination.
once investors figured out that obama would win they took their money and ran
i hope one of the toadies will hurry up and give obama a lewinsky soon so we can impeach him and get rid of this disasterous “president” and his canine companion
April 2nd, 2009 at 1:43 pm
Rob L;
“I said nothing of the kind. Don’t put words in my mouth. Read what I am saying and don’t generalize me with others. It is a complex problem that happened over many years. Bush certainly has his share of blame though.”
Hmm… only after the fact you say this ?
Sorry, but I’m hopping(although you might let me down) that you realize anyone who has said this has been directly placing the blame on the previous admin.
Inheritance usually comes from a direct previous predecessor, in this case it was Bush and McCain who actually raised hell trying to stop this one particular real estate boom which was the largest component of the recession.
I read what you said and there was no mitigation on the behalf of the Bush admin.
“It was falling when he came into office and that trend just continued when he took office. However, the month of March was an unqualified success, the first positive month in six months. “Disaster” doesn’t match the reality of markets being in positive territory.”
“thing as they did now that it’s on the way up.”
It has been on its way up, no guarantee it “is”
Look, when the market returns to just the volume alone we had in May of 2008 and when this tax season is past then you guys can start partying.
“Democrats want a balanced budget. We will be on that road once the danger passes.”
The point is that the stimulus is meant to take years before it has any effect and since we “ARE” attempting to balance the budget while handing out rescue packages at the same time we are “INDEED” making the same mistakes from the past.
This is the reason you see so many asking if Obama is overwhelmed himself with attempting to do both at once and since he is trying to both at once is why the CBOs deficit numbers have projected higher than Obamas due to the fact that implementations to the budget will not really be able to take effect until we have some sort of stabilization.
I wouldn’t even bother drawing up any kind of budget right now until as you say “the danger has passed”, but instead he has and their is a serious reaction to it that has hampered what we need to do at present and that is to recover first.
Stop all the interventionist spending, stop all the over regulating, stop threatening unconstitutional acts against corporate America, let failure fail, let the market do what it does.
Without putting out a post 10 ft. long I’ll just say that everything Obama has been doing has been tried and failed.
You still need a little more in depth look at FDRs actions and how they worsened things.
His first huge mistake was to make unemployment insurance available to the point that no one felt they had to work.
The combined impact of Herbert Hoover’s and Roosevelt’s interventions , much in the order of Obamas protocol today meant that the market never was allowed to correct itself. FDR prolonged and deepened it, and brought unnecessary suffering to millions.
———————————————-
Yea Guys, Rhayader beens kinda ambiguous on the whole partisan thing
April 2nd, 2009 at 2:01 pm
Thanks Micky, I take that as a compliment.
April 2nd, 2009 at 2:02 pm
Oh and by the way, what’s up with the talking “you won a wii” commercial? Fairly obnoxious.