The last person we need is George "more of the same" Bush as the world tries to build an updated global financial system. Bush needs to be moved to the side, a distant back room without access to the grownup's table, perhaps, where he can't interfere. We've tried stupid and action without thinking, so let's move on to intelligence, discussion, debate and then follow through. Gordon Brown may have plenty of problems himself, but he has led the way on the global rescue initiatives and deserves to be at the head of table. This is no time for stale Republican theory that brought us here in the first place. Sarkozy has done an OK job with organizing leaders, though he still may be giving himself too much credit for Brown's ideas.
Sarkozy has floated the idea of reforming rating agencies and even exploring the future of currency systems. British Prime Minister Gordon Brown, who engineered a British bank bailout that inspired U.S. and European rescues, is proposing radical changes to the global capitalist system, including a cross-border mechanism to monitor the world's 30 biggest financial institutions.Um, what is Bush talking about? He's the only person talking about isolationism and the rest of just bullshit GOP talking points.
Standing outside on a crisp autumn day at the helipad on the secluded retreat, all three leaders spoke soberly about what Bush called a "trying time for all our nations."
"As we make the regulatory and institutional changes necessary to avoid a repeat of this crisis, it is essential that we preserve the foundations of democratic capitalism — a commitment to free markets, free enterprise, and free trade," Bush said. "We must resist the dangerous temptation of economic isolationism and continue the policies of open markets that have lifted standards of living and helped millions of people escape poverty around the world."
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