[lbo-talk] Geithner clarifies

[John Thornton]

Jordan Hayes wrote:
>> saying we cannot do something because we are not France,
>> or Sweden, or whatever, seems really ... boneheaded and
>> stubbornly ideological, right now.
>
> He's just saying it because so many other people (including Krugman) 
> have been saying an equally boneheaded and stubbornly ideological 
> thing: Sweden did it, so can we.
>
> So it's a little of the "rubber/glue" ... but neither side makes sense. 

Claiming the administration can do something that works and pointing to 
Sweden as a working example is not the flip side of claiming we can't do 
something because "foreigners" do things that way.

John Thornton