Obama tries to rally world to cope with downturn.

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Source: WaPo

LONDON -- President Barack Obama sought Wednesday to rally the world's top and emerging powers to help cope with a global economic downturn, saying, "We can only meet this challenge together."

The president also disputed criticism that the United States was feuding with other nations about the need to pump more money into economic stimulus policies, saying any differences are "vastly overstated."

"I am absolutely confident that this meeting will reflect enormous consensus about the need to work in concert to deal with these problems," Obama said ahead of the G-20 economic crisis summit.

Obama prodded nations to spur growth and work together on regulatory reform, and not fall into the kind of protectionism and other mistakes that helped fuel the Great Depression.

"That is a mistake that we cannot afford to repeat," Obama said alongside British Prime Minister Gordon Brown.



Read more: http://www.washingtonpost.com/wp-dyn/content/article/2009/04/01/AR2009040100242.html?hpid=artslot