Europe's Decision to Dump Stimulus 'LikeTaking Up Smoking'

President Obama lost the argument. His G-20 colleagues decided here in Toronto to turn their economic attention from spending on stimulus to cutting deficits. That is exactly what Obama warned against, arguing that turning off the stimulus spigot could stop the fragile global economic recovery in its tracks. Despite all the president's cajoling and arm-twisting, the host of summit of the world's industrialized and developing economies delivered the message that it is time to stop spending....Full Story
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