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Must-Read: Pro-Growth Liberal: Jeffrey Sachs’ Feeble Defense of David Cameron - Washington Center for Equitable Growth

In the United Kingdom, the Prime Minister who possesses a majority of the House of Commons is the government: Cameron rules fiscal policy, regulatory policy, and monetary policy. Cameron bears responsibility. In the United States, since the second quarter of 2010 Obama has had no power to pass additional fiscal stimulus and no power to reshape the FOMC. Only housing regulatory policy was under his control. Obama gets to claim nearly-full responsibility for the relatively good things. But Obama has to share only a portion of the blame for the bad things.
#Pro-Growth-Liberal - equitablegrowth.org