Barack Obama was joined by the world's wealthiest person, Warren Buffett, and a number of entrepreneurs, economists and union leaders for a summit in Washington yesterday to find ways out of America's economic crisis.
Obama, who returned to the US from a 10-day overseas visit on Saturday, sought to switch yesterday from foreign affairs to the economy, the issue that Americans tell pollsters will determine their choice of the next president.
"People are worried about gas prices, they're worried about job security, they're worried about their retirement fund as the stockmarket goes down," Obama said before the summit.
"People are understandably concerned about the immediate effects of the economy, and that's what we will be talking about for the duration."
Bill Burton, an Obama spokesman, said the summit, which was attended by interested Republicans, discussed job losses, financial markets and the rising costs of oil, food and other commodities.
Bill Burton, an Obama spokesman, said the summit, which was attended by interested Republicans, discussed job losses, financial markets and the rising costs of oil, food and other commodities.
Buffett, who built his fortune through stock investments and is a leading philanthropist, was joined at the summit by Paul Volcker, former chairman of the Federal Reserve; Robert Rubin, former Treasury secretary; Eric Schmidt, chairman of Google; and John Sweeney, president of the AFL-CIO, the largest confederation of US unions. Republicans included Paul O'Neill, former Treasury secretary in George Bush's administration. His attendance was not seen as an endorsement for Obama.
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