European Socialists More Fiscally Conservative Than The United States

J.J. Jackson | March 31, 2009 

The European socialists are fighting among themselves. And believe it or not, some of them are acting like conservatives in this nation used to when it comes to drawing the line on spending.

GORDON BROWN’S carefully laid plans for a G20 deal on worldwide tax cuts have been scuppered by an eve-of-summit ambush by European leaders.

Angela Merkel, the German chancellor, last night led the assault on the prime minister’s “global new deal” for a $2 trillion-plus fiscal stimulus to end the recession.

“I will not let anyone tell me that we must spend more money,” she said.

The Spanish finance minister, Pedro Solbes, also dismissed new cash being pledged at Thursday’s London summit.

“In these conditions I and the rest of my colleagues from the eurozone believe there is no room for new fiscal stimulus plans,” he said.

Nicolas Sarkozy, the French president, has insisted that “radical reform” of capitalism is more important than tax cutting.

Well, at least Merkel is showing some … er … balls and not being bullied. As for Sarkozy, it is anyone’s guess as to how he wants to “reform” capitalism. One thing is for sure, you can count on it not being to make it more like capitalism is supposed to be if you know the French. Just realize that it is not that they do not want to do these things, but the fiscal reality that they cannot do them is just too powerful to ignore.

Hopefully the Europeans can fight among themselves long enough while us adults get everything squared away and clean up the messes that their ideologies have helped to create.


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One Response to “European Socialists More Fiscally Conservative Than The United States”

  1. Pages tagged "conservative" on March 31st, 2009 8:03 pm

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