Dmitri A. Medvedev said in an interview that an America in “essentially a depression” was in no position to lecture other countries on how to conduct their affairs.
[A day earlier] the American treasury secretary, Henry M. Paulson Jr., appealed in Moscow for Russian investment in the United States. The symbolism of the visit resonated here, in that only a decade had passed since the Russian economy was in shambles and the country was desperate for Western aid.
In the interview, Mr. Medvedev was asked about a call by Senator John McCain of Arizona, the presumptive Republican presidential nominee, to bar Russia from the Group of 8 because of its record on democracy. Mr. Medvedev, who easily won Russia’s presidential election in March after the Kremlin hobbled the opposition, responded that the question of democracy was irrelevant to the Group of 8 and, besides, the United States had more pressing matters to attend to.
“The Group of 8 exists not because someone likes or dislikes it, but because objectively, they are the biggest world economies and the most serious players from the foreign policy point of view,” Mr. Medvedev said. “Any attempts to put restrictions on anyone in this capacity will damage the entire world order.”
He added, “I am sure that any administration of the United States of America, if it wishes to succeed, among other things, in overcoming essentially a depression that exists in the American economic market, must conduct a pragmatic policy inside the country and abroad.”
Mr. Medvedev said world leaders should realize that the credit crunch and a gathering global recession signaled that the worldwide economic architecture needed to be overhauled. He did not specify how this should be done, but indicated it should entail a reduction in the influence of the United States.
“It has to be improved, it has to be more up-to-date, better protected from risks, and it must not suffer from national egoism, financial and economic egoism, but must be more fair toward other countries; this is absolutely evident,” he said. “This system cannot be oriented toward only one country and only one currency.”
So here we are. Euro is at $1.57. In 2000, it was less than a dollar. Nitentdo is shipping the Wii Fit first to Europe because of their stronger currency.
The Canadian dollar is stronger than the U.S. dollar $1 Canadian = $1.02 USD – something that has never happened in my lifetime.
And now the U.S. is begging for Russian investment. Thank you Mr. Bush-Cheney-Rove
How could I ever think that the Republicans don’t know how to run the government?