Mr. Brown, smiling broadly, responded that he was “pleased to say that a large number of governments around the world have recognized” that injecting capital into banks is the best way to restore stability.
The prime minister felt confident enough to offer the United States some unsolicited advice, obliquely criticizing proposals supported by Mr. Obama to bail out the Big Three automakers.
Without referring to the companies by name, he warned against calls to save jobs in industries that were facing an irreversible decline in the face of global competition. The right response, he said, would be to say, “We can’t help you keep your old job, but we can help prepare you for your next job.”
