“Mr. Obama acknowledged Wednesday that regulatory failures in the United States had a role in the meltdown, but he urged world leaders to focus on solutions rather than on placing blame. He also cautioned that the United States was unlikely to return to its role as a ‘voracious consumer market,’ and he urged other nations to do more to revive growth in their home markets…. For all the smiles at the waterfront Excel conference center, and despite calls for unity from Mr. Obama and Mr. [Gordon] Brown on Wednesday, a rift intensified over Anglo-American calls for greater fiscal stimulus spending and French and German demands for more intrusive global regulation of financial institutions.” (New York Times, Thursday)
They don’t get it.
FEE Timely Classic
“Big Government — Big Risk” by David R. Henderson
