The headline on the front page of Friday's New York Times was blunt: "Obama's Economic View Is Rejected on World Stage."
He couldn't seal a deal on trade with South Korea and faces considerable criticism both for his fiscal policy and the Fed's monetary policy from China and even close allies such as Britain and Germany. Still, the president did chalk up some success in India, solidifying that bilateral relationship. But is the resistance the president faces a result of uncertain economic times or a real power shift in the global economy? How will it impact the changes for economic growth in the United States?
We will look at these questions from multiple angles Sunday. First, former Secretary of State Madeleine Albright and Sen. Lindsey Graham, R-S.C., join Christiane Amanpour to debate the administration's foreign policy, the role of the U.S. in the world, the formation of a new Iraqi coalition in Iraq, from which Graham has just returned from a congressional delegation visit, and the chances for a bipartisan foreign policy in the new Congress.
We'll also ask if it's possible to reach bipartisan agreement on a plan to take on America's debt. A draft of plan to pay some of America's bills is getting a chilly reception from leaders in both parties. How can the U.S. pay down its crushing debt? Will the final recommendations from the president's deficit commission ever have a chance in this divisive political climate? Is either party prepared to make the tough choices on spending and revenue?
"This Week with Christiane Amanpour" brings together top voices on the economy with two members of the commission, Sen. Kent Conrad, D-N.D., and chairman and CEO of Honeywell International, David Cote. With Cote just back from his trip to India with the president, we'll get his view on prospects for the U.S. economy amid fierce global competition.
Plus, we'll have our roundtable, with George Will, Nobel Prize-winning economist and New York Times columnist Paul Krugman, Washington Post columnist Ruth Marcus and Robert Kagan of the Brookings Institution on all the week's politics. The White House has sent mixed signals on extending the Bush tax cuts. Is there room for compromise? And will President Bush's new book, "Decision Points," change how history will view the "decider in chief."
You won't want to miss it.