[lbo-talk] America's fiscal union

Marv Gandall marvgand at gmail.com
Wed Sep 7 22:31:26 PDT 2011


On 2011-09-08, at 1:02 AM, SA wrote:


> On 9/8/2011 12:57 AM, Marv Gandall wrote:
>
>> MG: This suggests a fiscal union is impossible - or rather, impossible of receiving popular assent - because of linguistic and other national differences within Europe, but my impression is many in Germany and France who presently oppose a fiscal union with the Greeks, Italians, or Spanish would readily support one with the Swedes, Dutch, and British. There are economic considerations here which weigh as, or even more, heavily than national prejudices.
>
> SA: But that's because the Germans think Greece is a sinkhole while Sweden (they think) can usually/mostly pay for itself!

MG: Yes, economic considerations. That was my point.
>
>> Also:
>>> SA: If you're looking for contradictions, why does the Chamber of Commerce not support a big stimulus package, since that would increase profits?
>> MG: Actually, the C of C strongly supported Obama's stimulus package in 2009:
>
> SA:So why don't they support one now, even though it would increase profits?

MG: It's still calling for additional stimulus. I cited yesterday's call for infrastructure spending by the Chamber's Janet Kavinoky which you must have missed.

Anyway, well past my bedtime. Note to self: no more coffee after 8 pm.



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