Political Headlines May 20, 2012: President Obama Sees ‘Emerging Consensus’ on Eurozone Economic Rescue at G8 Summit

POLITICAL HEADLINES

OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

Obama Sees ‘Emerging Consensus’ on Eurozone Rescue

Source: ABC News Radio, 5-20-12

Jewel Samad/AFP/GettyImages

There were a couple new faces in town at the annual Group of Eight summit, and a couple new allies for President Obama, who has been urging Europeans to follow America’s lead. And with 4 million jobs created in the United States in last 26 months, the Europeans are listening.

The global economy dominated the day, and while no bold, specific steps were laid out, a broad, shared path was embraced by the G-8 leaders Saturday at Camp David.

The president continues to argue that in the middle of the economic crisis, the U.S. went one way, spending on stimulus for growth, and the Europeans went the other, with austerity and spending cuts….READ MORE

Advertisements

Political Buzz May 19, 2012: The G8 Summit at Camp David Roundup — President Barack Obama & G8 Leaders Promise to Tame the Eurozone Economic Crisis Through Growth & Fiscal Responsibility

POLITICAL BUZZ

OBAMA PRESIDENCY & THE 112TH CONGRESS:

World Leaders Urge Growth, Not Austerity

Source: NYT, 5-19-12

Meeting at Camp David, leaders of the world’s richest countries banded together to press Germany to back more pro-growth policies to halt the deepening debt crisis in Europe.

G8 leaders tout economic growth, fiscal responsibility

Source: CNN, 5-19-12

The 10 members of the G8 Summit pose for a group portait at Camp David, Maryland. Left to right: European Commission President Jose Manuel Barroso, Russian Prime Minister Dmitry Medvedev, Japanese PM Yoshihiko Noda, Canadian PM Stephen Harper, French President Francois Hollande, U.S. President Barack Obama, German Chancellor Angela Merkel, British PM David Cameron, Italian PM Mario Monti and European Council President Herman Van Rompuy.

The 10 members of the G8 Summit pose for a group portait at Camp David, Maryland. Left to right: European Commission President Jose Manuel Barroso, Russian Prime Minister Dmitry Medvedev, Japanese PM Yoshihiko Noda, Canadian PM Stephen Harper, French President Francois Hollande, U.S. President Barack Obama, German Chancellor Angela Merkel, British PM David Cameron, Italian PM Mario Monti and European Council President Herman Van Rompuy.

President Barack Obama and fellow leaders at the Group of Eight meeting he hosted Saturday put job creation and economic growth at the top of their to-do list.

“(They) must be our top priority. A stable growing European economy is in everybody’s best interest, including the United States’,” Obama told reporters after the two-day Camp David retreat in Maryland concluded.

At the same time, leaders stated “that the right measures are not the same for each of us.”

The G8 meeting was one of two high-stakes, back-to-back weekend summits scheduled over the weekend. On Sunday, NATO kicks off its two-day summit in Chicago, with a focus on the Afghanistan war….READ MORE

Obama sees ’emerging consensus’ on economic fix

Source: AP, 5-19-12

Confronting an economic crisis that threatens them all, President Barack Obama and leaders of other world powers on Saturday declared that their governments must both spark growth and cut the debt that has crippled the European continent and put investors worldwide on edge.

“There’s now an emerging consensus that more must be done to promote growth and job creation right now,” Obama proclaimed after hosting unprecedented economic talks at Camp David, his secluded and highly secure mountaintop retreat. Seeking a second term amid hard economic times, Obama hailed a debate heading in the direction he likes, with nations now talking of ways to spark their economies instead of just slashing spending….READ MORE

Wrapping Up the G8 Summit at Camp David

Source: WH, 5-19-12
G8 Summit in Camp David, 2012 Logo

This weekend, the leaders of Britain, Canada, France, Germany, Italy, Japan, and Russia joined President Obama at Camp David for the annual G8 Summit. The leaders met to address major global economic, political, and security challenges, including energy and climate change, food security and nutrition, Afghanistan’s economic transition and transitions taking place across the Middle East and North Africa.

Energy and Climate Change:

At the Camp David Summit, G-8 Leaders recognized that the development of and universal access to environmentally safe, sustainable, secure, and affordable sources of energy is essential to global economic growth and to their overall efforts to address climate change.

Food Security:

President Obama and G8 leaders announced a new alliance on food security with African leaders and the private sector as part of an effort to lift 50 million people out of poverty over the next decade.

Transitions in the Middle East and North Africa:

A year after the historic events across the Middle East and North Africa began to unfold, the aspirations of people of the region for freedom, human rights, democracy, job opportunities, empowerment and dignity are undiminished. At the Camp David Summit, G-8 Leaders recognized the important progress that has been achieved in a number of countries undergoing transition and committed to maintaining their support for these transitions in four key priority areas: stabilization, job creation, participation/governance, and integration.

More from the G8:

Press Briefing by Press Secretary Jay Carney; Mike Froman, Deputy National Security Advisor for International Economics; and Deputy National Security Advisor for Strategic Communications Ben Rhodes

White House Recap November 26-December 2, 2011: The Obama Presidency’s Weekly Recap — President Obama, Michelle Obama & Family Bring Holiday Spirit to the White House, Lighting the National Christmas Tree & Unveiling a Very “Bo” Decoration Theme, “Shine, Give, Share”

WHITE HOUSE RECAP

WHITE HOUSE RECAP: NOVEMBER 26-DECEMBER 2, 2011

West Wing Week: 12/2/11 or “Bo Meets Bo.”

This week, the President hosted the EU Summit and the Dutch Prime Minister, announced a new commitment to fighting AIDS, and lit the National Christmas Tree. That’s November 25th to December 1st, or “Bo Meets Bo.”

West Wing Week

Source: WH, 12-1-11

This week, as the President urged Republicans to join a Democratic effort to prevent a thousand dollar tax increase on the typical American family, the White House got spruced up for the holidays. The President also hosted the EU Summit, the Dutch Prime Minister, and announced a new commitment to fighting AIDS in America and around the world. He also lit the National Christmas Tree. That’s November 25th to December 1st, or “Bo Meets Bo.”

Download Video: mp4(128MB)

Holiday Decorations

Weekly Wrap Up: Ringing in the Holiday Season

Source: WH, 12-2-11

Download Video: mp4 (128MB)

What happened this week on WhiteHouse.gov:

Payroll Tax Cut On Wednesday President Obama spoke in Scranton, Pennsylvania urging Congress to extend a tax break for middle class families. Yesterday Congress rejected an extension of this payroll tax cut that is set to expire at the end of the month. Because of this failed attempt to extend tax cuts, the typical middle-class family is going to see their taxes go up by $1,000 in 2012. The President released a statement calling the vote “unacceptable” — and urging Congress to stop playing politics.

White House Holidays  The trees are lit and the ornaments are out. The First Lady welcomed military families to the White House Wednesday for a preview of this year’s holiday decorations. This year’s White House Holiday theme “Shine.Give.Share” celebrates the countless way we can lift up those around us and share our blessings with all.  Mrs. Obama’s guests saw the 18-foot  official White House Christmas tree in the Blue Room that honors our military, the Gold Star tree in the  East Landing plus a series of topiaries built in the image of  the First Dog, Bo. On Thursday, the First Family welcomed hundreds to the National Tree Lighting Ceremony to bring in holiday cheer with guest performances including a reading of “the Night Before Christmas” by the First Lady and Kermit the Frog.

Green Building Initiative President Obama was joined by former President Bill Clinton on Friday as he announced the next piece of his “We Can’t Wait” initiative—a $4 billion investment in improving energy efficiency in buildings across the country. The President has also directed all Federal agencies to make at least $2 billion worth of energy efficiency upgrades over the next two months.

World AIDS Day To mark World Aids Day on Thursday, the President spoke about the progress made in the fight against the disease worldwide. He was joined via satellite by former Presidents George Bush and Bill Clinton, while Bono, Alicia Keys and others were on hand to make a new commitment to help extend the progress made in the fight against this global pandemic. The commitment plans to help 6 million people get treatment by the end of 2013, 2 million more than the original goal.

EU Summit President Obama met with a group of senior officials from the European Union Wednesday to help find a solution to the Eurozone Crisis. The leaders issued a joint statement describing their shared commitment to create jobs and ensure financial stability. Later in the week, he met with Dutch Prime Minister Mark Rutte to discuss his government’s commitment to keeping the euro intact.

%d bloggers like this: