Obama says US can't act alone in economic crisis
President Barack Obama says the US cannot deal with the world's financial crisis alone and nations need to act together to stimulate their economies.Updated: Apr 01, 2009 16:38 IST
President Barack Obama says the US cannot deal with the world's financial crisis alone and nations need to act together to stimulate their economies.
Obama was asked at a London news conference on Wednesday with British Prime Minister Gordon Brown whether he was disappointed that other nations have not committed as much spending to economic stimulus as the US has.
He responded that Britain and the European Union have taken 'serious steps,' and that Australia, Canada, Japan and China have acted as well.
He says each country needs to do 'what is necessary to promote economic growth.'
But Obama says the world has grown used to the United States being the 'voracious consumer market' that drives economic growth. And he says that's a burden it cannot handle alone.
First Published: Apr 01, 2009 15:47 IST