Bill Clinton: “Well, it's going to be a challenge to get a lot done at this summit. But I'm convinced we can. We have two or three…”

“Well, it's going to be a challenge to get a lot done at this summit. But I'm convinced we can. We have two or three issues that we really need to deal with. We're trying to come to grips with the need for a new trade agreement for the world, which I think is very important, will create more jobs in America. We'd have more jobs today if Europe and Japan weren't in the bad economics conditions they're in. Their growth rates are substantially lower than ours. If they were in better shape, they'd be buying more of our products and we'd have more jobs. The second thing we're going to try to deal with is what we can do, each in our own countries, to promote global economic growth. The Europeans and Japanese have been telling America for years, ``Get your deficit down.'' So we're doing that. Now they've got to lower their interest rates in Europe so they can grow, and they've got to invest some more money in Japan so they can grow and buy more of our products. And if we do it together, we can bring this world out of the recession it's in, and that means more jobs for America. Mr. King. But what part does Japan play if they're lame duck?”