Something of a changing of the guard seems to be occurring at the G20 summit in Los Cabos, Mexico, today, where the big developing countries are taking on the role of wise, engaged parent while our leading politicians in the U.S. and Europe continue to act like children in denial.
Consider: In TV interviews yesterday, Mitt Romney--who may now be the frontrunner in the U.S. presidential race--made clear he wants nothing to do with Europe's troubles, though they are already lapping at the front steps of the White House. Romney, sounding very much like a CEO who never really left Bain Capital in sensibility and spirit, told CBS: "I surely don't believe that we should expose our national balance sheet to the vagaries of what's going to be happening in Europe."
OMG. "Our national balance sheet?"