[lbo-talk] Geithner clarifies

Doug Henwood dhenwood at panix.com
Tue Mar 24 10:01:47 PDT 2009


On Mar 24, 2009, at 12:45 PM, Carrol Cox wrote:


> Well, Sweden was a small nation nestled in a world economy that was,
> more or less, working. The U.S.is a huge economy interwined with a
> world
> economy which is more or less in the same mess. Has anyone explored
> the
> Swedish 'model' taking these matters into consideration.

Of course, the U.S. is not Sweden. Yes, Sweden's a small country and the U.S. is a big one. On the other hand, the U.S. government is very big and has lots of employees, and could hire a lot more. It could, with the proper incentives (like bonuses for making the gov money, or minimizing expenditures), even hire some out of work bankers to do the work.



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