Who's going to help us now? Decades ago President Ford refused New York City's pleas to help the metropolis out of its massive debt problems; it prompted one NYC paper to run one of the most brilliant headlines of all time: 'Ford to City: Drop Dead'.
Now Mr Darling here in Tokyo on the eve of the G7 meeting seems to be saying something like that to the faltering economies of the west - that there is no need for a combined fiscal stimulus on a global scale like the $145 billion plurge now being planned by the US and gently urged on other governments by Bush administration officials. The G7, oddly enough, was founded to try to coordinate international fiscal responses about the time - 1975 - that Ford told the Big Apple where to get off. Problems then were different - mass unemployment, very high inflation - but it was true then as now that different countries had different positions and issues. The challenge then was to try and get over that and have everyone moving in the same direction at least. Now Darling says that internationally diverse economic situations are a reason not to try.

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