Morning Cup of Stim: Exporting the Stimulus
Tensions are brewing (har har) over Washington's newest export: support for more stimulus. In an op-ed that ran in 31 newspapers from Singapore to Chicago, President Obama urged world leaders to deliver "robust and sustained" economic stimulus until the crisis is over.
But that sounds like the "way to hell" to the president of the European Union, Mirek Topolanek, who is also the Czech premier. Topolanek decried stimulus -- both in the U.S. and worldwide -- in a speech Wednesday, a day after offering to resign as the Czech leader. Meanwhile, Gordon Brown, the British prime minister, was breakfasting with bankers at a Wall Street Journal event in an effort to gather support for his own ideas about global regulation and stimulus. All this will come to a head at the April. 2 meeting of the G-20, which will feature financial leaders from nations with big economies, and big economic problems.
Officials have struggled to spend the nearly $800 billion stimulus package quickly and effectively.
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