No, unlike Don Rumsfeld, Max Bergmann doesn’t actually use that phrase. But, he sure seems to tilt that way.
This is one area where I disagree with Krugman as well. Much of continental Europe wasn’t hit in the same way in the current recession as was the U.S., or the U.K. And, given that the EU pushed BushCo for tighter SEC regulations nearly five years ago, it’s good to see that it won’t buy a pig in a poke from Obama.
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