At the economic summit in Houston, the West Europeans proposed aid to the Soviet Union and restrictions on greenhouse gases. Their American hosts privately grumbled about how expensive those proposals were, then publicly resorted to the oldest cop-out in the book -- form a committee and study the problem. The U.S. has a new motto: better to buy time than spend money, and if someone has to pay, better it be someone else. That's why the Germans and the Japanese, with their deep pockets, are particularly welcome at gatherings like last week's.
George Bush's presidency was only a few minutes old...
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