President Bush announced Saturday that he will host the first of what could be several summits of world leaders to discuss the global response to the financial crisis.Translation: "This problem is potentially catastrophic, but not catastrophic enough for me to do anything about it for at least three weeks, because every time I'm in the news, John McSame loses 2 points in the polls."
"It is essential that we work together because we're in this crisis together," Bush said at Camp David, Maryland, with French President Nicolas Sarkozy and European Union President Jose Manuel Barroso."Together we will work to modernize our financial systems," Bush said. "We must resist the temptation of financial isolationism."
Bush said the summit would include developed and developing nations from around the world.
No date was set, though a White House statement said the gathering would be held in the United States "soon after" the November 4 general election.
Do you think if Obama wins, Bush will invite Obama or any of his economic team to these summits?
I wouldn't hold your breath on that.
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