Barack Obama has stated that the U.S. has only one president at a time, so he will not be present at the November 15 emergency meeting of the G20 in Washington DC, which is discussing the global financial and economic crisis. President George W. Bush is presiding over the summit, addressing what he himself termed the “meltdown” of the world’s financial system.

Bush is widely viewed as an ineffective lame-duck president, so the world leaders attending the meeting are keen to develop close ties with the incoming Obama administration. Though Barack Obama will not be at the G20 meeting, he will have high level representatives in attendance, who doubtless will be approached by the world leaders eager to sound out the initial economic plans of president-elect Barack Obama.

More information on the global economic crisis can be found at the website,

http://www.globaleconomiccrisis.com