"Who's winning in the global race to economic recovery?" from APM's Marketplace

JOHNSON: No I think it's a very bad idea. You don't have a lot of fiscal space. You should ve using it to stimulate the economy in a more effective way. The structure of these tax cuts is just lining us up for exactly the same kind of stress test from financial markets. When they're done with Europe and some European countries have passed and can be regarded as an alternative safe-haven, those financial markets will turn again the United States. And in fact we've thrown caution to the wind in terms of our deficit and the increase in debt you get from these tax cuts. That will be held against us by those very same markets.

View the APM Marketplace story, here. Download the podcast here. See also: Starting over in Eastern Europe: Entrepreneurship and Economic Renewal,