I wonder if this is David Cameron’s view? Will he raise it with the President when he meets him.
KC: Well Barack Obama has a big spending programme anyway for his election which he is trying to combine with his fiscal stimulus ..
JP: Is he equally mistaken?
KC: Well I think he has got a reserve currency, it is the biggest economy in the world. It is a gamble they might be able to afford, although he is playing politics, I mean all democratic politicians do, he is taking the opportunity it try to finance all his programme and get it through under the cover of the G20 for the very good reason, without getting into American politics, he might have difficulty financing it if he doesn’t get all the money voted through in the first month or two.
Jeremy Paxman and Ken Clarke, Newsnight, 30 March 2009