Paul Krugman argues for the Amerification of France (and the rest of Europe) in his column today. Though the Eurozone has an integrated economy with a shared currency and a central bank, there is no single political actor able to enact the kind of policies necessary to pull the continent (and the world) out of the current recession; Krugman (and the Obama administration) would like to see the Europeans produce substantial fiscal stimulus plans and cut interest rates. When will the Roger Cohens of the world realize that the left's insidious pro-France feint is all part of a sly trick to get European economies to adopt American-style countercyclical economic policy? Well, sure, conservatives aren't a big fan of countercyclical economic policies, but at least we're exporting American values. That must count for something.
-- Tim Fernholz
