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Tuesday, July 29, 2008

 

Obama to shift focus on 
economy after overseas trip


WASHINGTON: Democratic White House contender Barack Obama was to shift the focus of his campaign on the troubled US economy Monday, after basking in the adulation of foreign crowds during last week’s trip.

Switching gears back to the central front of his campaign against Republican John McCain, Obama was to convene here a glittering panel of economic advisers to examine ways to address sky-high fuel prices and job insecurity.

The high-powered group includes former Treasury Secretary Robert Rubin, ex-Federal Reserve Chairman Paul Volcker, billionaire investor Warren Buffett and Google Chairman Eric Schmidt.

“What is driving people all across the country right now are worries and concerns about inability to pay the gas bill, inability to buy food because prices have gone up so high,” the presumptive Democratic presidential nominee told NBC television Sunday.

“We’ve got to fundamentally shift how we approach economic policy.”

Obama sailed through the biggest tests of his trip, in Iraq, Afghanistan and Israel, and captured an unprecedented photo-op for a presidential candidate, speaking before a staggering crowd of 200,000 people in Berlin.

Republicans, however, branded his tour, also including Kuwait, France and Jordan, as a shallow political stunt.
--AFP

   

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