Brown to Push Obama on "Global New Deal"

Like Obama needs any pushing in this direction. Things jut get scarier and scarier. Americans have crapped their pants over an 8% unemployment rate. Who would have ever thought that? And this "global new deal". Certainly, it will require global enforcement. So how much our sovereignty are we going to have to relinquish? This is nothing other than the will of power-hungry politicians seeking to govern the world. Their method of achieving submission is fear. Whether it's global warming or the much overstated economic crisis. Their goal is to scare you into giving up your individual freedoms. To put you in a state of mind that not only will you surrender those rights, but you will do so gladly.

From Times Online:

GORDON BROWN hopes to forge a partnership with President Barack Obama in Washington this week, to call for a “global new deal” to lift the world out of recession.

As he prepares for his first White House visit since the president’s inauguration, the prime minister has hinted that he is ready to make further tax cuts to boost the UK economy.

Brown is under pressure to persuade American political leaders to sign up to bold aims for the G20 summit of industrial and leading developing nations, which is to be held in London next month.

The prime minister will borrow from the rhetoric of Franklin Roosevelt, who introduced the government-financed New Deal to tackle the US Depression of the 1930s. He will argue that his 21st century “global new deal” will also require public spending on a huge world-wide scale.

Writing in The Sunday Times today, Brown calls for “universal action to prevent the crisis spreading, to stimulate the global economy and to help reduce the severity and length of the global recession”.

Meanwhile, while Brown is calling for world economic unity, the EU rejected a plan to rescue plan Eastern Europe.

European Union leaders have ruled out a multi-billion dollar rescue plan for Eastern Europe in the face of the global economic crisis, despite warnings from Hungary that the rejection could lead to an economic "iron curtain" across the continent. The announcement followed an emergency EU summit on Sunday at which officials debated ways to tackle Europe's biggest financial crisis in generations.

Ahead of the EU summit in Brussels, Hungary's Prime Minister Ferenc Gyurcsany urged the European Union to show solidarity by establishing a support fund of about $240 billion to help failing economies in Eastern Europe. That was far more than the roughly $30 billion that international institutions agreed on Friday to make available.

Mr. Gyurcsany, whose country is among the hardest hit by the global economic crisis, said his plan could prevent the creation of a new "iron curtain" which, he warned, would "divide Europe" between rich and poor nations.