Justin Fox points to an investment banker who says that the fault of the financial crisis should fall onto the people who bought toxic assets, not the people who created them. They should never believe that you can make a return on a riskless security. I still think there were many people at fault--after all, the true risk was not properly assessed by ratings agencies.
The French think they've done fiscal stimulus better than the Americans. Could be. Certainly, our more "free" system carries with it more risk and uncertainty. It's harder to get effective government action done here.
Catherine Rampell at Economix points out that the problem with the job market is a hiring slowdown, not layoffs.