TEXT OF STORY
Steve Chiotakis: President Bush is off today for Lima, Peru. He’ll be attending a summit of the Asian Pacific Economic Cooperation forum, better known as APEC. It’ll probably be his last summit with other world leaders. Marketplace’s Nancy Marshall Genzer takes a look at what the lame-duck president hopes to accomplish.
Nancy Marshall Genzer: The White House wants APEC to sign onto the broad goals outlined at last weekend’s G-20 summit. Like better regulation and more economic stimulus packages. But will the world listen?
Sidney Weintraub: President Bush won’t have much influence there.
Sidney Weintraub is an economist at the Center for Strategic and International Studies:
Weintraub: They’ll be polite. But I think most of them know it doesn’t matter what he says anymore.
Simon Johnson is a senior fellow at the Peterson Institute for International Economics. He says the president should forget broad goals, and focus instead on reassuring Asian countries who invest here.
Simon Johnson: This is where the economy is going, particularly this is how we’re safeguarding investments that you and your citizens are making in the United States.
The president could deliver that message in one-on-one talks scheduled with the leaders of China, South Korea, Japan and Russia.
In Washington, I’m Nancy Marshall Genzer for Marketplace.
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