Obama: full world economic recovery 'a ways off'
L'AQUILA, Italy — A lasting worldwide economic recovery "is still a ways off," President Barack Obama declared Friday, but he also said at the conclusion of a global summit that a disastrous economic collapse apparently has been averted.
Speaking at the end of the Group of Eight summit of major economic powers, Obama said world leaders had taken significant measures to address economic, environmental and global security issues.
He rejected suggestions that the summit fell short of expectations by failing to call for new tough sanctions on Iran for its crackdown on democracy advocates after its disputed presidential election.
"What we wanted is exactly what we got — a statement of unity and strong condemnation," Obama told a news conference. He said the leaders' declaration was even more significant because it included Russia, "which doesn't make statements like that lightly."
He said world leaders will reevaluate their posture toward Iran at a meeting in Pittsburgh in September of the world's 20 major industrial and developing economies.
Obama told reporters that leaders "remain seriously concerned about the appalling events of Iran's presidential election." He said the world would "take stock of Iran's progress" and watch its behavior.
Leaders have made clear that for Iran to take its "rightful place" in the world, the country must adhere to international standards and behave responsibility, Obama said.
On a pressing issue back home, Obama acknowledged that his top legislative priority — health care overhaul — had encountered rocky going in Congress during his overseas trip, with opposition building among both Republicans and economically conservative Democrats.
But he said he still hopes to get the measure passed before Congress begins its August recess.
"I'm confident we're going to get it done," he said. Asked if his timetable was "do or die," Obama responded: "I never believe anything is do or die. But I want to get it done by the August recess."
Obama, six months in office, said he supports a streamlining of summits — the G-8, G-20 and NATO — and attending fewer of those meetings. He said the United Nations is in need of reform, but international summits fill a gap left by a U.N. structure that doesn't leverage its power as effectively as it could.
Recent comments
EVERYONE DUCK, here comes another feeding frenzy of ........ OH OH,...
Anonymous | July 10, 2009 at 12:49 p.m.
When President Barack Obama tells us, that a lasting worldwide...
Brother Chuck Schroeder | July 10, 2009 at 12:23 p.m.
All you geniuses. After five months, you expect the economy to turn...
Anonymous | July 10, 2009 at 10:14 a.m.
- Environmental impacts in road project 4:13 p.m.
- Cave to be sealed with body inside 3:34 p.m.
- Farm bureau selects leaders 3:22 p.m.
- DEQ hires new district engineer 3:21 p.m.
- WVC families, businesses greet Santa 2:20 p.m.
- Stocks slide on Dubai debt fallout 2:08 p.m.
- Shelter animals used in research 2:06 p.m.
- Weber County may close justice ct. 1:57 p.m.
- Desert tortoises have flu 1:56 p.m.
- Criminal probe on party crashers? 1:16 p.m.
- BYU would like friendlier rivalry
262 - Protests against Phoenix LDS temple
211 - RSL wins MLS Cup on penalty kicks
202 - Bronco, Kyle rubber match
139 - Thunder rolls by Jazz
136 - Letters: Rushing to judge Palin
133 - Boys basketball rankings
126 - Editorial: Poor welcome for Palin
112 - Man trapped in Nutty Putty cave dies
105 - Hall, Johnson matchup key
102
When I was a kid, I worshipped my grandpa. He was undoubtedly my hero....
I'm proud of these young men. Lots of other things they could be doing but...
It is Danielle not Daniel. If you would have read the article you would...
yeah its sad to hear about this,those caves are dangerous and are not meant...
Our Melonhead friends from Regina Sask. have invaded Calgary for the 98th...
better be stable or else they'll cash in their U.S. Treasury notes......LOL!!
This is a tough decision! While I'm not sure I agree with it, I can see why...
I can do is LOL!!
For a one game "retro" look this would be a great idea. In fact, I have...
Stat this, stat that. Win against them, win against whoever. We win, you...
gotta love how Utah fans keep dragging last year's accomplishments into this...



