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TomCADem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-25-09 05:24 PM
Original message
CNN - "G-20 agrees on time table for reforms"
I know Sarah Palin will be outraged because she thinks that government intervention caused the current economic crisis and the key is more deregulation, but here goes President Obama outraging the GOP all over again:

http://money.cnn.com/2009/09/25/news/economy/G_20/index.htm?postversion=2009092517

###

WASHINGTON (CNNMoney.com) -- Leaders of G-20 nations committed Friday to a timeline to establish and enforce new rules aimed at spurring financial firms around the globe to improve capital cushions and avoid taking risk.

They agreed to keep working to stimulate economies and stabilize financial systems following the worst financial crisis in decades.

"We brought the global economy back from the brink, we laid the groundwork today for longtime prosperity as well," President Obama said at a press conference after the summit concluded. "Still we know there is much further to go."

The Pittsburgh summit was the third G-20 summit in less than a year, and leaders agreed to work together more closely toward sustained growth and strengthen banking regulations.

###

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Cha Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-25-09 05:47 PM
Response to Original message
1. Somebody doesn't like
this news and tried to suppress it.

Rec'd~
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IndianaGreen Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-25-09 05:50 PM
Response to Original message
2. G-20 can go to HELL, and they can take the IMF and WTO with them!
This is a convention of the biggest enablers of corporate rape of the underdeveloped world.
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TomCADem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-25-09 06:10 PM
Response to Reply #2
4. John Bolton Shares Your Views
Edited on Fri Sep-25-09 06:12 PM by TomCADem
He saw such multi-lateral institutions as an affront to our soveriegnty. John McCain advocated kicking out other nations. My take is that we need more cooperation, not less.

I can understand disagreeing with a particular policy, but rejecting the whole institution of the G-20? What is your alternative? Isolationism? Unilateral action by nations? Rampant protectionism?
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IndianaGreen Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-25-09 06:11 PM
Response to Reply #4
5. Bolton hates the UN, but loves the IMF and WTO
Get your facts right!
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TomCADem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-25-09 06:19 PM
Response to Reply #5
7. Sorry, You Are Absolutely Wrong.
Edited on Fri Sep-25-09 06:20 PM by TomCADem
John Bolton and Paul Wolfowitze were fierce critics of multi-lateral institutions like the UN, G-20 and World Bank. They claimed (like you) that such institutions were corrupt. That is why Bush appointed them. To undermine such institutions. See attached link:

http://www.independent.co.uk/news/world/politics/eu-fury-grows-at-wolfowitz-appointment-529184.html

###

The US deputy defence secretary, Paul Wolfowitz, has been summoned to Brussels to explain to an angry Europe how he would run the World Bank, in an escalation of the international row over his nomination to head the world's most important development body.

European countries are furious both at President George Bush's naming of an enemy of multilateralism and by the unilateral way it was done, and are considering whether to block it. But there are strong indications that, although Tony Blair knew of the appointment in advance, he did not inform his Secretary of State for International Development, Hilary Benn.

###

So, as you noted, get your facts straight.
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IndianaGreen Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-25-09 06:20 PM
Response to Reply #7
8. G-20 = Gestapo
They enable the criminals of IMF and WTO.
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TomCADem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-25-09 06:22 PM
Response to Reply #8
9. Paul Wolfowitz and John Bolton Totally Agree With You
Edited on Fri Sep-25-09 06:24 PM by TomCADem
See the link. I think you found your idealogical soul mate in Paul Wolfowitze and John Bolton. How is your criticisms of multi-latreral institutions and your position any different from that of Bolton and Wolfowitz who repeatedly justified unilateral action on the ground that such institutions were corrupt?

* crickets*
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IndianaGreen Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-25-09 06:24 PM
Response to Reply #9
10. Ask the people in the Third World how they feel about IMF and WTO
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TomCADem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-25-09 06:29 PM
Response to Reply #10
11. Once Again, How Is Your Position Different From Wolfowitz and Bolton?
I see you have repeatedly avoided answering this question by falsely suggesting that they were fans of multi-lateral institutions. They're not. See links above.

Are you avoiding answering the question because you simply do not know how your opposition to multi-lateral institutions on the grounds of corruption is any different from that of Wolfowitz and Bolton?

Otherwise, thanks for playing, because if you do not understand how your position is different or similar to Wolfowitz or Bolton, then I might as well talk to a table.

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IndianaGreen Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-25-09 06:32 PM
Response to Reply #11
12. So what? They have their own ideological reasons which don't include the victims of IMF and WTO
There is no moral equivalency, no matter how hard you try!
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TomCADem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-25-09 06:39 PM
Response to Reply #12
13. Help me out. Why are multi-lateral institutions bad? Why is unilateralism better?
You have simply condemned the institutions themselves, rather than any particular policy. Why?

I personally think that we do need these institutions to promote multi-lateral dialogue between the nations in an increasingly global world. I think the Bush administration exposed the folly of a unilateral approach and that Bolton and Wolfowitz's efforts to undermind such institutions was unwise. Agree or disagree? Why?
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IndianaGreen Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-25-09 06:43 PM
Response to Reply #13
14. That's not the issue regarding G-20
The issue is the institutions the G-20 control, such as WTO and IMF, and the catastrophic effects their policies has had on peasants and workers in the underdeveloped world.
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TomCADem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-25-09 06:46 PM
Response to Reply #14
15. Ah, Now I Understand, You Disagree With A Particular Policy, Not The Institutions?
You originally wrote: "G-20 can go to HELL, and they can take the IMF and WTO with them!"

I did not see any reference to a particular policy, so it seemed like you were simply trashing multi-lateral institutions, which is what I disagreed with you on.

So, who knows? Maybe I actually agree with your opposition to a particular policy position endorsed by the G-20 or IMF.
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IndianaGreen Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-25-09 06:48 PM
Response to Reply #15
16. No, I want the WTO and IMF repealed altogether
as I do NAFTA and CAFTA. These institutions and treaties that have been rammed down people's throats by corrupt governments and their corporate backers have harmed the working class and the environment.
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TomCADem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-25-09 06:56 PM
Response to Reply #16
17. NAFTA Is A Treaty. G-20, WTO and IMF Are Institutions
The former can be repealed. The latter can be disbanded or dissolved. Is that what you are advocating? The dissolution of the G-20 (the subject of the OP)?
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RUMMYisFROSTED Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-25-09 06:00 PM
Response to Original message
3. Ooh, a timeline.
Color me impressed.
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IndianaGreen Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-25-09 06:16 PM
Response to Original message
6. Here is the real face of the G-20
Arrest at G20 Demonstrations, September 24, 2009

http://www.youtube.com/watch?v=G8CNa_viKg0&feature=player_embedded

G20 = Gestapo!
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