LONDON (AP) - President Barack Obama says he thinks differences among world leaders over how to act in the current international economic crisis have been “vastly overstated.”
In fact, Obama told reporters at the site of the G-20 summit in London Wednesday that he anticipates formation of an “enormous consensus” among leaders of developed and developing nations about how best to proceed.
Speaking directly about criticisms of the expensive American stimulus program, Obama said that all the countries participating in the summit have engaged in similar spending initiatives, although to varying degrees.
He also said there’s “great symmetry” between the United States and Britain on the need to take steps to prevent future crises while working to resolve the current crisis. Obama rejected suggestions the United States has declined as a world power.