Blame America?

At a bilat with British PM Gordon Brown, President Obama was asked to comment on whether America is to blame for the collapse of the world's economy.




So at this point, I'm less interested in identifying blame than fixing the problem. And I think we've taken some very aggressive steps in the United States to do so -- not just responding to the immediate crisis, ensuring that banks are adequately capitalized, dealing with the enormous drop-off in demand and the contraction that's been taking place, but more importantly for the long term, making sure that we've got a set of regulations that are up to the task.