PM chooses his words carefully
NEW YORK: The Masters of the Universe today welcomed the man who wants to save the world.
Gordon Brown breakfasted with the bankers of Wall Street. His message to the men and women he's blamed for causing the global economic crisis - it's now up to governments to sort out the mess.
What - he was asked - about the warning from the Governor of the Bank that his government simply can't afford to spend and borrow more? The prime minister chose his words very carefully.
"What the issue is, actually now, is whether we are prepared, given what happens over the next few months to do what is necessary to resume growth in the economy and I think if you put that question to Mervyn King, he will say as he said when he signed the G20 communique - that we have got to be ready to take the action that is necessary to restore growth".
The prime minister does not regard that phrase as a statement of the obvious. By agreeing to it he believes that the Governor and other world leaders have not ruled out further spending and borrowing if they prove necessary.
However, he went on to downplay talk of another stimulus by stressing that cuts in interests rates and so called monetary easing could achieve the same goals.
The debate about whether his economic cure could be worse than the disease has not just followed him to America. It is mirrored here in warnings from Republicans that President Obama risks burdening this country with debts worthy of a third world country.