From the Financial Times:
The Governor of the Bank of England laid bare tensions between Gordon Brown and the Treasury yesterday by warning that Britain could not afford a second economic stimulus in the Budget.
Mervyn King threw caution to the wind as he sided with Alistair Darling and the CBI against Downing Street in raising strong doubts over any prospect of another round of “significant fiscal expansion” next month.
Mr King spoke as the Prime Minister, beginning an international tour to co-ordinate measures for next week’s G20 gathering in London, called on leaders to do “whatever it takes to create growth and the jobs we need”.
President Obama, Mr Brown’s main stimulus ally, writes in the same vein in The Times today, saying that America is ready to lead the world out of recession, while calling for swift and robust action to stimulate growth “until growth is restored”.
Apparently, these guys don't realize that they are killing the goose that lays all their socialist golden eggs.
