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Declaring something a success doesn’t necessarily make it so. We learned this at the Bush-led G-20 summit only four months ago, when global leaders were expected to do something far-reaching in response to the world-wide economic crisis, instead of chatting about it. When nothing came of the meeting, we were told that the summit “succeeded” because it “laid the groundwork” for the next G-20 gathering, recently led by Obama.
The four months between G-20 summits was one of rising massive unemployment...