Nightly News | November 04, 2011
BRIAN WILLIAMS, anchor: numbers were on the agenda as the president held a news conference in Cannes , in France , the site of the G-20 Summit , where the main topic was the economy in Europe and here in the US. NBC News chief White House correspondent Chuck Todd is traveling with the president.
CHUCK TODD reporting: Wrapping up his two day trip to France for the G-20 Economic Summit , the president argued Europe must solve it's debt crisis on its own or the US recovery could falter.
President BARACK OBAMA: If Europe isn't growing, it's harder for us to do what we need to do for the American people , creating jobs, lifting up the middle class, and putting our fiscal house in order.
TODD: The president urged the world's other leading economies to follow the US lead, by passing new growth measures like his American Jobs Act .
President OBAMA: In the United States , we recognize that, as the world's largest economy, the most important thing we can do for global growth is to get our own economy growing faster.
TODD: The president took issue with calling his plan the " S " word, stimulus, but was pleased the collective focus of the G-20 wasn't on austerity measures this time.
President OBAMA: We didn't have a long conversation about stimulus measures. We had a discussion about what steps could be taken to continue to spur economic growth , and that may not always involve government spending.
TODD: The White House believes this summit was a success for two reasons. One, they were able to force the Europeans to spend their own money on a bailout fund, not rely on international help from the US or Chinese. And, two, they were able to shift the global economic conversation away from austerity measures . Chuck Todd , NBC News, Cannes, France .