a financial pow-wow is happening this weekend in washington dc. last week ‘a blog about whatever’ pointed out that barack obama will not be attending. today, the international herald tribune basically supports his idea to duck the meeting.
it is conceivable that george w. bush picked this moment partially for political reasons. had john mccain won the election, it would’ve shorn up the markets’ trust in him. and with a barack obama win, it could show him up as the financial and political neophyte that many suspect that he is.
with the absence of obama at the g-20 summit and george w. bush being basically the lame duck president that he is, gordon brown is asserting himself on the world stage according to the international herald tribune. brown was recently quoted as saying that he was prepared to take obama under his wing and teach him about the financial markets. that may sound condescending. and well, quite frankly it is. but brown was chancellor of the exchequer of the uk for 10 years.