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President Barack Obama was a leading figure a few days ago at the meeting in London of the G-20 summit. What did it really accomplish? Most of us paid very little attention.

What is the G-20? It is a "group" of government leaders, from 19 nations plus the European Union, totaling 20.

Its goal is to promote mutual interests, primarily economic solutions these days, since there is general economic recession among all of the participants.

President Obama, expressing the kind of optimism that was expected of him, but really is not justified, said he believes "a turning point in our pursuit of global economic recovery" has been reached. Well, we hope so.

Specifically, however, the G-20 participants pledged $1.1 trillion - yes, that's trillion - in additional financing for the International Monetary Fund and other global organizations, for the purpose of stimulating economic resurgence.

It will be interesting to see how much of that $1.1 trillion will be expected to come from U.S. taxpayers - and borrowing - and which of the 20 will put up, or fail to do so - and what positive economic results there may be, if any.

Pessimism is not necessary to raise doubts of real gains, as we and others continue some of the obvious economic practices that have proved to be more destructive than really constructive.

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