Top Democratic Lawmakers Urge Bush to Meet with G8 over Economy
Top Democratic lawmakers urged U.S. President George W. Bush on Friday to meet with G8 countries in order to find common solutions for common economic problems. Democrats Harry Reid and Nancy Pelosi believe that the U.S. cannot deal with this problem by itself. Rather, a cooperated, international effort is required.
The two urged Bush to call an emergency meeting in a letter sent to the president today.
”The American people and the world are looking to the United States for leadership,” the letter urged.
“We are writing to support the call for an emergency meeting. … Doing so will send a strong signal that world leaders recognize the severity of the crisis and that they are committed to taking strong, concerted action to resolve it.”
The G8 is made up of the United States, Japan, Germany, Britain, France, Italy, Canada and Russia.
The letter comes at a time when global stock markets continue to fall. The Japanese stock market was closed Friday with a loss of 9.62%, European markets followed later. The FTSE 100 (London) fell 8.85% of Friday, the German Dax 7.01% and the Dutch AEX 8.48%. The French CAC collapsed as well; it fell 7.73% lower.
The Dow Jones (New York) opened badly as well, and continued to fall. At time of writing it dropped another 390 points, or 4.55%, to 8,188 points. If this trend continues, the Dow could very well end up below 8,000 points on Friday, marking a record low in years.
This website uses IntenseDebate comments, but they are not currently loaded because either your browser doesn't support JavaScript, or they didn't load fast enough.
Comments are closed.
PoliGazette Comments Policy
PoliGazette encourages comments from all viewpoints, especially those that disagree.
Comments submitted must, however, adhere to the following standards. Comments that violate
these standards may be edited or deleted without notice at the sole discretion of the editors.
Commenters who repeatedly or egregiously violate these standards or who attempt to argue
publicly with editors regarding the comments policy may be banned from commenting further.
(1) Comments should address the substantive content of the post. Comments that repeatedly
or blatantly misrepresent the content of the post or of others' comments are not welcome. Comments that
respond to something other than which the contributor or commenter may have said are irrelevant and should
not be posted.
(2) Comments should avoid vulgarity as well as racial, ethnic, religious, or sexual bigotry.
(3) Comments should not personally attack the character, personal integrity, or professional
reputation of any PoliGazette contributor or of other commenters.
(4) Comments should reflect the contributions of the commenters themselves and should not
include extensive cut-and-paste reproductions of others' words except insofar as necessary to supplement
the commenter's own arguments. Link spam, trackback spam, and propaganda spam will be instantly deleted.
(5) Public figures are considered open to all substantive criticism of their policies and statements.
Comments that present objectively false factual information about public figures (i.e. "Obama is a Muslim") or
that attack public figures by attacking their families are not welcome. Comments that merely repeat
slogans for or against a candidate without engaging in substantive comment are not welcome.
Questions or challenges to these policies or their application should be directed to the editors
by email only.
