From The American Conservative Tea Party Tory by Patrick J. Buchanan This is an interesting moment. We have a second rate POTUS succeeding a profligate third rate one in the midst of a well deserved economic crisis. The result: mostly stasis, his modest and ineffectual tweaks to a plainly failing domestic system are described pejoratively as radical. Despite the atmosphere of near hysteria, Pat is right if the GOP get's its paws on the tiller of power concern about the deficit will go onto the back burner as political realities set in and America lines up for their usual diet of Federal pork, tax breaks and entitlements like elderly bums queuing for soup. In the UK things are systemically different. A shaky and in some way rather progressive coalition has come to power and despite a limited mandate is determined to govern and has the legislative power and will to do so. Team Dave glorying in its moment. The PM speaks proudly of his radical policies. Time will tell if they are wise but you could mistake the UK for the younger creature that is prepared to risk failure for gain. This is arousing some interest across the pond as folks on the wings of the narrow spectrum of US politics actually watching fiscal austerity in action. While the IMF and Bond markets applaud such idealogical rigor their Liberal economists regard it as a nearly suicidal policy and so discretely do many GOP policy makers. One fears Team Dave may succeed setting a worrying precedent the other that in leading with it's chin they'll tip the UK into a deep recession and be seeping claret and on the canvas by 2012.