E-mail this story to a friend
Have comments? Send them to the editor.
Printer Friendly Version
Subscribe for Free!
Bush's final G-8 summit may be harmonious
By TOM RAUM
Associated Press
July 3, 2008

Page 2 of 2

The host, Japanese Prime Minister Yasuo Fukuda, faces his own domestic problems. His government has suffered from support ratings as low as 20 percent amid constant brinkmanship between ruling and opposition parties, including an unprecedented no-confidence vote for him in the upper house in June.

For Fukuda, who got to set most of the agenda for the gathering, the overriding issue is climate change. He would like to come out of the meeting with an agreement on 50 percent reductions in so-called greenhouse gases by 2050.

Bush said he supports efforts for the group to agree on long and short-term goals, with national plans to achieve them. But he also told reporters, "Look, we can't have an effective agreement unless China and India are a part of it. It's as simple as that. I'm going to remind our partners that's the case."

China and India are playing increasingly important roles in the world economy, raising fresh questions about the Group of Eight's relevancy as now constituted.

In 2001 at Bush's first meeting of the exclusive club, the members pretty much lived up to their billing as the world's leading industrial democracies.

No more. India, the world's most populous democracy, now has the world's fourth biggest economy, according to a World Bank rundown of the gross domestic product of countries based on purchasing power.

The U.S. remains the world's biggest economy, with Japan still at No. 2. But in third place now is China. Also, Brazil's economy is bigger than that of G-8 members Italy and Canada. In fact, the economies of Spain, Mexico and South Korea are bigger than that of G-8 laggard Canada, according to the World Bank report.

Bush spearheaded an effort to bring these and other fast-growing economies into the process, with a "major economies meeting" now scheduled for next Wednesday at the summit's conclusion.

Some want to see the group itself expanded to include China, India, Brazil and other major economies.

"If we don't take this step, G-8 risks becoming increasingly irrelevant," said Richard Burt, a former U.S. ambassador to Germany. Instead of being able to deal with sensitive economic problems, "you get feel-good declarations," Burt said.

>> Back -- Page 1 2

Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

++ Discuss this topic in The Forum

Current rating: 5.0 out of 5.0 (1 total votes)

Please add your rating:

Today's Video Highlight


Dems' hopes for Senate supermajority dashed in Ga.
Auditors fault Treasury oversight of bailout funds
Sen. Mel Martinez of Fla. won't seek re-election
Big Three survival bailout requests rise to $34B
GM exec: bankruptcy not an option for industry
Go to News Central


Barbara Walters Falters
Say No To Newspaper Bailouts
Ignorance Reigns Supreme
Brace For The Change You Do Not Believe In
Obamamania On The Right
Read More Commentary


Member Photos November & December 2008 by Im4atbrka
Sen. Mel Martinez of Fla. won't seek re-election by Im4atbrka
Malkin: Say No To Newspaper Bailouts by papajaxxx
Bozell: Barbara Walters Falters by papajaxxx
Discuss Issues in the Forum


Obama's Iraq Challenge
Bailout: The New American Business Model
Time is Running Out for President to Free Border Agents
Visit The Loft

Legislative Action Center
Mr. President! Free Border Patrol Agents Ramos and Compean!
Results of Friday's House Vote on Bailout Bill
Results of Wednesday's Senate Vote on Bailout Bill
Support the Contract with Conservatives

Grassroots Survey Team
View recent survey results
Join the survey team!

Latest Online Poll
Do you support expanded drilling of oil in the U.S. to help combat the high price of gasoline?
View poll archives

Check out these resources at GOPUSA!

There is even more information in GOPUSA's Resources section.

Seen a good resource?
Let us know!

Newsmax: Who Replaces Hillary?

The Chavez Democrats

NASA Wary of Relying on Russia

Do House Democrats Take Terrorism Seriously?

Boeing's Audacious Allies


"We can't drive our SUVs and eat as much as we want and keep our homes on 72 degrees at all times ... and then just expect that other countries are going to say OK. That's not leadership. That's not going to happen."
-- Barack Obama
Get our RSS news feedSign up for e-mail updates
Read us on your wireless deviceAdd us to your web site
Download us to your PDASend letter to the editor
E-mail this pageContact us

   
Web     GOPUSA Web Site

   

Get your daily dose of wit at GOPUSA's Cartoon Central.

Place your ad for FREE and get noticed at GOPUSA!!.

 

Conservative Classifieds

Declaration of Independence

United States Constitution

Federalist Papers

Presidential Inaugural Addresses

Searching For The Gipper

Scrolling Text provided by JPowered,com