- The Washington Times - Thursday, April 2, 2009

LONDON (AP) - President Barack Obama says there’s no way to fix the U.S. economy without open markets and coordinated actions with other governments.

At a press conference following the G-20 summit in London, Obama was asked what specific measures the leaders had agreed on that would help struggling communities in the U.S. He pointed to Illinois-based Caterpillar as an example of a company that had thrived on its exports and now finds itself in bad shape because of the global recession.

Obama said the U.S. can help export-dependent companies, but for that help to be fully effective, complementary actions by other countries will be needed.

Copyright © 2018 The Washington Times, LLC. Click here for reprint permission.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide