Subject: Re: Buffett’s view on current account deficits
Though perhaps a European saying of more recent vintage is more appropriate: we all know what to do, we just don't know how to get re-elected afterwards.
Not enough elected representatives around the world remember that it's their job to actually govern, not to run for election.

How have the European politicians solved the problem of being able to get elected in order to implement policies that may make them unelectable? Are they just (even) better at lying about what they plan to do than are American politicians?

Looked at this way, it could be that our current president's fatal flaw is that he is actually doing so much of what he campaigned on.

R: