Sunday, 20 May 2012

The G-8 "summit" at Camp David was just a PR excercise

The G-8 "summit" at Camp David produced a statement devoid of any real substance (which of course was no surprise):

Their eight-paragraph statement from the presidential retreat at Camp David, Md., on Saturday seamlessly bridged both sides of the austerity versus growth debate and let each decide exactly what the new growth emphasis is going to mean. And it said little about where the money for more spending might come from.
Their agreement — reached quickly after a morning’s discussion at Camp David — bridged disagreement by not rejecting one approach in favor of the other, but adroitly combining them. Balance budgets, yes, but find ways to spend, or rather “invest,” on things like education and public works.
Read the entire article here
The sad truth is that gatherings of this kind (almost) always are empty and hollow Public Relations excercises designed to boost the image of the participating politicians. 

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