Think that credit collapse that triggered the Bush administration's $700 billion bank bailout was necessary because of Republican hostility to regulation and the ineptness of President George W. Bush?No word yet from American liberals who want to have greater regulations like Europe.
If it were that simple, then British Prime Minister Gordon Brown and his Labor Party would not be squirming, and the United Kingdom would not be swimming in staggering sums of debt.
Sunday, February 22, 2009
Bad Times Visit Our Betters in Europe
Debra Saunders reports: