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UN Drafts Green New Deal For President Obama
by Patriot Daily News Clearinghouse

There has been some debate over the impact of this financial crisis on President Obama's ability to address global warming. Well, UN leaders and top economists are not buying the can-not-do meme. Instead, they are drafting a "Green New Deal" to "create millions of jobs, revive the world economy, slash poverty and avert environmental disaster, as the financial markets plunge into their deepest crisis since the Great Depression."

The Green New Deal will ask world leaders, including our new President Obama, to "promote a massive redirection of investment away from the speculation that has caused the bursting 'financial and housing bubbles' and into job-creating programmes to restore the natural systems that underpin the world economy." Inspired by Franklin Roosevelt's New Deal, the Green New Deal is based on providing work for the poor as well as reforming financial practices while sustaining environmental resources.

This new initiative has already received funding by Germany, Norway and the European Commission and is based on a 2006 G8 summit study on the economic value of ecosystems.

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