The Greyhound Editorial: G-20 Summit paves road for positive bonds

Earlier this week, President Barack Obama wrapped up what he deemed a "turning point in our pursuit of global economic recovery." The G-20 Summit, which works to strengthen international financial structures and help create a thriving environment for economic growth, garnered a $1.1 trillion pledge from the "Group of 20" finance officials. The money is pledged towards spending in the "International Monetary Fund and other global institutions and declared a crackdown on tax havens and hedge funds," according to MSNBC.

Obama hopes to reestablish some esteem for America in international eyes after diminishment under the Bush Administration. When asked about this "diminished esteem," the President said, "We're starting to see some restoration of America's standing in the world. I do not buy into the notion that America can't lead in the world, [but it is] very important for us to be able to forge partnerships as opposed to dictating solutions."

President Obama has several tough roads ahead of him in regards to rebuilding a crumbled foundation of economy for the country. Attending the G-20 Summit and hearing about possible solutions for other countries is a step in the right direction, however. Obama did not deny that part of the world economic recession was triggered by the United States, saying that some officials may have been "asleep at the switch," but he did say that there were issues in other countries as well.

In addition to the G-20 Summit, Obama visited with several leaders of international nations, forming new bonds and restoring old ones. He met with leaders of South Korea and India and discussed ways to end terrorism and establish free trade pacts. Obama said it "may make sense to create a more effective dialogue between India and Pakistan."

This was Obama's first official visit to other countries for more than a few days, and he obviously is well on his way to establishing positive bonds with other nations.