The "Global Stimulus"

Today's WSJ highlights an interesting divergence in national approaches to addressing the global economic crisis - with the U.S. and China cheering deficit spending on one hand, and France and Germany focused on rewriting regulations on the other.

It's interesting to get a comparative view of the situation - especially to see different takes on how to best respond.  Having knowledge of the varying national approaches frees up debate over the U.S. response because it challenges the Obama administration's claims that its prescription for the economy is the sole, absolutely necessary path in this crisis.  

I have no doubt more regulation will be coming down the pike in the U.S., too, but reading the article only reinforces my doubts about massive stimulus.