Apart from that, I love the outcome of the G-20. Not-only did Michele sat next to a former DSS-recipient and an ex-girl friend of an ex-drug addict but they also pumped 1 trillion into the economy (that's 1.000.000.000.000, or roughly equal the FTSE100 of early 2008, and double the US defense spending, mind you...). That helps a lot. Not only that Michele meeting Carla (my preference goes for Carla) is on top of the news on the BBC website but it also shows the incapacity of most world leaders... Despite the usual argument of the failure of capitalism it shows that we will leave our children (the sheeps and seeds of the future) yet another 1 trillion dollar, on top of the existing bill. The crisis triggered through lending is healed through just more lending. Welcome in the 1930s. We know what happened then but this time there will be no sweat or tears. But how about if we let the "market rule" and GM (including the European subsidies), Lloyds, royalBS, HRE, Fanny Mae, and all the others let fail?After all, they didn't plan for the future in one way or the other, just for the short-term illusion. It's bad to loose 3% of the US GDP through GM's failure (I understand that point) but it would ripple us to the needed awareness that a foot on the property ladder or 70mpgs aren't good enough for a climate change, the quality of the house you get (there is no such thing as value for money), or sustainable growth. It's good that they try to curtail the damage but they should seriously start to think what factors caused the crisis in the first place. It started in liberal Western countries (and it should stop there) and not in social market or transitionary communist economies. Capitalism leaves us with two problems: distribution and wishes. For the latter, we can't all have what we want. Never been so, and even in communist countries choice was limited. And distribution will always be arbitrary, yet can be dealt with. But when we mix wishes with distribution we get into trouble as we are now. I can wish more than I have but it won't be mine, it'll be the banks (or whomever who gives credit). The state can guarantee it through welfare but nothing more.

OK, anyway, let's leave it there. Enough ranting on about. Glad, that they found a solution at least. Whether it is the right one remains highly questionable. But it won't be over yet, it's still infant. What a rant, I shouldn't do economics.