6/29/10

Keynes buried again?

U.S. collectivist pig Progs will never let BigGov die

The G-8 and G-20 meetings in Canada were remarkable in historic terms. European governments criticized the United States for being spendthrift. Brazil provided political cover to the US on behalf of the developing countries. This has been a consequence of something truly remarkable happening in Europe. Keynsianism has lost in Europe. There is no political support for it. And Barack Obama got hit in the face with this reality.

Since the beginning of the financial crisis, conservative and liberal parties have defeated socialist parties in nearly every election in the European Union. They won the European elections and elections in the UK, Italy, Belgium, Germany, the Netherlands, the Czech Republic, Hungary, etc. A reformist, pro-market right has beaten a traditionalist right in Poland. There is no credible political voice for more spending in Europe. The Greek and Portuguese financial crises have destroyed a political argument for deficit-funded stimulus packages.
(from redstate.com)

No comments:

Related Posts with Thumbnails