Seeming to recognizethedangerofmoving ever deeper into the affairsof the country, especiallytheprivate sector, ObamasaidatanewsconferenceWednesday that hewantedoutofthe autobusiness.
There remains a risk in terms of timing: cut too early and it could jeopardise the country's fragile economic recovery. (The latest figures show a services sector in reasonable upswing but manufacturing considerably weaker than expected.) But before this week there was also a dangerof Britain's debt crisis getting out of hand.