Well, if Europe has a major recession, and the financial system in Europe starts spinning out of control, that will have a direct impact on U.S. growth and our ability to create jobs and people raising their living standards.

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Government control of the health-care system and the financial system has been greatly expanded.

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They also wanted to keep control of their fairly closed and highly regulated national financial system.

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The first is that if you can issue more money as and when you want, which you can if you control your own currency, then if the banks of the financial system get into trouble then you can just print more money to help them out.

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So although the problem remains when it comes to banks that we can't live with them and we can't live without them (many would say), there is a way for companies to take greater control of their financial destiny and be less at the mercy of the banking system.

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With the near collapse of the financial system in 2008, the Bush administration, with the Republican party in control of both houses of Congress, took aggressive, unprecedented action.

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