@Livers

Don't lower yourself to Luddite's level, you will end up having to live under a rock.

Think about it,Camoron and Obomber are murdering thousands and they are all smiles...you will see the same smiles when they are murdering you and your grandchildren for they are the damned.

The situation in the US is that the fed is technically bankrupt, the Chinese (the new superpower) are no longer willing to finance it's debts having accumulated 3trillion dollars worth of foreign reserves, they would rather invest there money in other assets such as high tech companies and other prized assets of the western economies as well as securing commodities and purchasing gold. The US obviously have no choice but to print money. The problems will occur in the near future, debt will become much more expensive, interest rates will rise to control the inflation from money printing, we will then see defaults and institutions who buy government debt will suffer with these serious exposures. That's when the interest rates they demand for government debts will seriously rise.

There will be a major downturn in the near future and it will be china who gains most and the US who will lose the most.

@moronamid

Luddite, on a few occasion's has made fun of Gordon Brown's poor eyesight, is that reasonable as well?

just Gidders then???

Who cares what Obama says about our economy .. Goldman Sachs(who caused the banking crash) have just handed out record bonuses to themselves in the US, the system is the same ? it`s going to happen again, a big crash .. 1 billion in Obama`s election fund ? just ask Chomsky ..

Anyone who says that the Stateside economy will recover is wrong. What about three wars, wreckless borrowing and then raising the National Debt Ceiling?

What would the public say if Cameron wanted to raise the National Debt Ceiling? How is Obama doing the same thing not incredibly wreckless globally. To say the stock answer there's no other option is wrong. Don't raise it and deal with reality.

Unfortunately, no one wants to do that. Instead, everyone only wants to cash in Obama's mega rock star status to help their own local standing. Did anyone press Obama on a major issue? No.

Meanwhile, Cameron and Clegg will never dare piss off any bankers (some of their biggest campaign donors). Many should be prosecuted. In addition, was it offensive to anyone else to see Blair sitting behind Obama during his speech?

Even the OECD is having doubts about Wee Georgie Osborne's policies.

Pier Carlo Padoan, chief economist of the Organisation for Economic Co-operation and Development (OECD) said, "We see merit in slowing the pace of fiscal consolidation if there is not so good news on the growth front."

Osborne warned 'slow down your deficit reduction plan to stop the economy's stagnation':
http://www.dailymail.co.uk/news/article-1391015/Osborne-warned-slow-defi...

Obama lets his guard down by visiting his country's allies and the Lord, or maybe Colonel Gadafi,[ maybe he's one and the same ] smites the states of Alabama, Georgia, Missouri, Tennessee etc.
And woe what lamenting! The governors of these states, some Democrat and some Republican, put out the begging-bowl for federal relief funds.
What's all this about the the US government being too big?
Seems like every time there's a natural disaster the US government with federal taxpayer dollars is called on by the states to ante up.
No taxation without representation - where have we heard that one before. And what's all this guff about deficit denial. House prices are at astronomical highs all around the coast. Champagne sales through the roof. Bosses salaries ever upward. Royal Wedding expenses extravagant/ A couple of police actions(wars) in progress,. George must be 'having a laff!' What deficit - either side of the pond. Oh, sorry, somebody else is paying. Safeguard the vulnerable, please. Bankers first in line.

Independence Day

At least the English are investing in Scottish higher education to ensure that students from all over the EU do not pay full tuition fees when studying in Scotland - unless they are from England of course.

The same is soon to happen in Wales. With friends like "fellow Brits" the English don't need enemies.

Who's not smiling now ?

Cahal - that too

Obama is in a different league to Cameron.
Obama even managed to look cool while playing table tennis, wheras Cameron looked like a girl.
Obama would never endorse such a dumb-ass deficit reduction plan because he knows that the economy needs to be growing before you start cutting.
It must be really galling for Cameron to hear praise of Gordon Browns actions in 2009, especially as Cameron has just behaved in such an outrageously unpatriotic way, by not supporting an ex PM's IMF bid.

How in the world would Obama have accepted Cameron's economic strategy. They are the opposite of each other:

Team Obama: bail out the banks and destroy government investment in new growth model.

Team Cameron: bail out the banks and destroy government investment in new growth model (+austerity).

TOTALLY different!

I do believe Obama when he states that its a different scenario for every country.

Listening to both of them, i always come away disappointed. Is this the best that the western world has to offer?

Bring on Rand Paul. For all his faults such as his views on abortion, his time will come. He will change things over there.

How about over here?

Ed Miliband anyone?

Nah, though not.

The money all still ends up in the same place. So Obama is being more discreet about how he is re-distrubuting wealth to the wealthy, as no doubt Blair would have been. Possibly we should be thankful to Cameron and Osborne for ramming it down our throats in that at least a few more might sit up and take notice and possibly even protest against it.

Didn't this whole economic mess begin in the Us in the first place

agreed with Tony, well said

Nelson McConnell,

The growth figures given are for two quarters. Even if we are generous and exclude the snow as a factor, the UK has only grown 0.5% in six months, so that's an annualised rate of 1%.

The problem for many on the political-left is, they are stuck in the past, but still call themselves progressives. The roll of state is to facilitate business and defence. Not to stifle initiative and create dependency. You can't do for others that others should do for themselves, and neither can you keep spending more then you earn, and you can't keep borrowing your way out of debt. It's not rocket science. Eddy S is right. China fully understands these basic realities.

You are quite right Luddite, now watch out for all the bullshit aimed at you.

"yanked the global economy out of recession" – an implicit endorsement of the last Labour government's fiscal stimulus.

Why does anyone believe anything these cretins say... they are the ones who caused our demise and they will be the ones who will turn a deaf ear to our cries... naturally you will never believe the truth... war between the USA and Europe anyone.

Labour spent 13 year's running up Britain's appalling defict and called it investment.