Well I suppose one can say that the collapse of the entire global banking system was preferable as long as it's just idle talk. In the real world something had to be done.
But that's the point- nothing meaningful has been done. All we have to date is Obama and Congress running in circles, flinging ungodly amounts of money around at random in the desperate hope that some of it might stick- without doing a thing actually to shore up the financial system.
Snotty egotistical little boy? You post with a good sprinkling of bile don't you?
My privilege as a private person rather than a Head of State or Government. Neither Brown nor Chirac behaved in such a boorish manner towards GWB, no matter how much privately they despised him.
I do hope you realise that the swooning love many Britons have for Obama is not reciprocated- he hates you. Worse yet, he allows that personal grudge to intrude into policy.
I however am not restrained by protocol, and I repeat- Obama is childish, petty and conceited. And, as we are quickly learning, incompetent.