Michael Tomasky: Irish austerity and the US

As I rather presciently noted to you last week, in advance of the Toronto summit, the UK and the US (now, Europe and the US) are at loggerheads about the whole fiscal situation. Obama argued in Toronto for more stimulus, but Europe held firm. Cut cut cut.

This wasn't because they don't like Obama, or he gave everyone naff (did I spell that right?) DVDs that didn't play on their sets, but rather, obviously, because their own banks are telling them they have to cut to remain solvent.

Today comes ...