Monday 13 April 2009

Do Obama and Brown need each other?

It is a fact that President Obama is saddled with a train wreck of an
American economy:That George W Bush,as president,was a disaster
for the American people, and that now we can see the similarities
between the Blair/Brown government and that of the departed
Republican President's administration.The lack of banking regulation
on both sides of the Atlantic and the catastrophic failure of the banks
in the US and the UK provides evidence enough. Brown always
blames the US for the UK banks failing,and President Obama just
ignores this patent lie.Both Brown and Obama favoured
piling up the debt to fix a problem created by debt. Both
can point to each other as a method of support,and hope that
this is indeed the solution.But unfortunately,the chances
are that it is not the solution,but a very expensive mistake for the
citizens of both countries,who must pick up the bill for it all.There
is a small difference,President Obama was not even a junior Senator
when the Democrats - yes the Democrats-precipitated the US financial chaos,while Gordon Brown was the chief architect of the UK's financial disaster.

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