Both the Brown and the Obama administrations seem united in one thing – the pursuit of lower living standards for all.
The Brown regime will seek to improve on the falling economy by imposing higher taxes which will deter enterprise and send people packing. He will follow that up with extra regulations, as with the proposed new licencing scheme for landlords. I don’t doubt there are some bad landlords out there. After regulation there will be fewer good ones as well.
Obama is seeking to close tax loopholes for companies, another good way of driving them offshore, whilst looking at catching up with European green taxes as another way of taking money off people. Both are very enthusiaistic about bailing out and maintaining zombie banks, and now want a flutter with overextended car factories.
Neither seem to see the irony of wanting to tax people off the road or out of their cars with one set of policies, then offering subsidy to the car makers with another.