Obama says no to Icelandic approach

The Los Angeles Times reported that Barack Obama refused the Icelandic way when it comes to economics and running a nation. Obama said, when asked by a man at a Los Angeles Town Hall meeting weather America would follow in the footsteps of Iceland and one day go broke, “No… but we’ve got to get control of our deficit.”

I wish our politicians are that smart. Icelandic politicians played along with the hype, followed the businessmen and even adjusted the laws to accomodate them. They conformed, and now they deny it by not taking political responsability.


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