April 1st, 2009
03:35 PM ET

Blame America?

Program Note: For more on the President Obama's trip to London and the G20 Summit, tune in tonight for Anderson's live report on AC360° at 10 p.m. ET.

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Eliza Browning

Anderson will anchor from London tonight, where the G-20 Summit will officially take place tomorrow.

There is pressure on world leaders to come up with an economic cure – and many are blaming the U.S. for leading the global economy into this mess. Is this fair? And even though Pres. Obama enjoys some popularity overseas, will it make a difference when it comes to dealing with the economy?

French President Nicolas Sarkozy and German Chancellor Angela Merkel have already made public their dissatisfaction with the G-20’s draft statement on solving the crisis. They want the U.S. to adopt more regulations. The U.S. wants them to pledge more capital to stimulate the economy. Failure to find consensus could deal a blow to the summit. Should we really be concerned or is the bark stronger than the bite on this?

But more importantly, just how crucial is this summit to improving the global economy?

And Pres. Obama talks with Russian Pres Medvedev and Chinese leaders today. What kind of message does this send and what can we expect from these meetings?

soundoff (10 Responses)
  1. xtina, chicago IL

    Obama is popular with people who want America to follow the road Socialist Europe has followed. The people in Europe with whom Obama is popular don't matter because they are not the productive, successful people who provide the tax base for his entitlement programs.

    April 1, 2009 at 4:29 pm |
  2. Neo

    To answer the question, Yes America is too blame. Their lesson, don't do business with us, our lesson, stop being corrupt. I can't believe that we're the ones who look bad here. America needs to stop being so greedy. How embarassing.

    April 1, 2009 at 4:29 pm |
  3. Larry

    Sarkozy & Merkel are just envious that they didn't get the same set of Obama's collectors edition of dvds that he gave to Brown.

    April 1, 2009 at 4:08 pm |
  4. Isabel (Brazil)

    Hi, Eliza!

    President Obama will have to reverse the idea that the US is the major culprit for the melting global financial due to its weak financial regulation and the US real estate bubble, fueled by debt.

    G20 needs to finance the trade and prevent protectionism.
    One of the main topics of the meeting will be the effects of the crisis on international trade. International trade, which ascended by years, was one of the reasons for the economic growth of countries, including Brazil (my country of origin).

    Well, just now that production is distributed over several countries and therefore international trade is essential, there is financing the trade.

    This reinforces the argument that if there is now an increase in protectionism, everyone will lose and the crisis will be even more severe. Other than that, we must keep the lines of financing for
    the trade is unlocked.

    April 1, 2009 at 4:04 pm |
  5. Alin

    Failure to create a concrete consensus by the end of this summit may yield additional anymocity against the US and further create major havoc in economic systems across the world. Furthermore, nationalism and protectionism will tear apart what has taken decades to put together. Other nations need to apply tough rules on their banking systems, but the US needs to convey that they will lead by example.

    April 1, 2009 at 4:01 pm |
  6. Harrison Remy

    I am so tired of this blame game. We KNOW what created all of this – we have been studying, listening,blaming and complaining about it for 6 -months. I want solutions – I want to hear possibilities, opportunities and viable options. This blame game is ridiculous.

    April 1, 2009 at 3:56 pm |
  7. hasan zahdeh

    I think that europe needs to man up.

    April 1, 2009 at 3:54 pm |
  8. Elizabeth

    After watching the demonstrators at the G-20 summit, I can only say that I am so embarrassed. I am ashamed at how the world views our glutonous country, and forget that it was the Bush Administration that created this financial global devastation. They also forget that we Americans are always there to help any other country in need when catastrophies hit. Apparently, it is time to take care of our own.....

    April 1, 2009 at 3:52 pm |
  9. Gilbert Martinez

    The World can blame America all it wants. But this mess was a World mess, not the sole cause of this nation.

    The World should get over it and stop player hating.

    April 1, 2009 at 3:52 pm |
  10. Dan Stewart

    Of course its fair. Where did the global meltdown start? In the US. Its not just people "hating on America" its simple fact, the minimally regulated greed of Wall Street combined with a Republican leadership that believes in anything goes free market capitalism caused this problem and helped drag the world into recession. I hope that the G20 members will help Obama revive everyones fortunes by coming together.

    April 1, 2009 at 3:45 pm |