No Money Left for Change
Bill Emmott, former editor of The Economist | September 23, 2008
The US has done the right thing when it launched a rescue plan. ++ Those who argue how vast the initiative is are wrong because they underestimate the extensiveness of the US economy. ++ However, the true impact of the expansion of public spending lies in politics, because there is simply not much money left over for areas such as health care or alternative energy. ++ So even if Obama is elected in November, "he will find his fiscal hands tied a lot tighter than he may have hoped, even with a Democratic Congress alongside him."
