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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (102918)	10/7/2011 7:18:37 PM
From: tejek	Read Replies (1) \| Respond to of 149317

Two things: I would be careful whom you use to support your argument. Krugman, the guy you cited this AM, was furious that Obama didn't get a bigger stimulus package. I doubt proponents of free markets would agree with him on that issue. Secondly, Cameron, the PM of the UK, announced that the gov't would no longer backstop the banks. Moody's promptly downgraded all UK banks. That means those banks will have to pay higher rate to borrow funds and in turn, UK consumers will pay more. Cameron has pretty much followed a libertarian text when governing. Its caused a great deal of pain for the Brits and the economy is getting worse. Let's see what happens to the banks now.