Skip to comments.Spain to unveil $8.6 billion stimulus package
Posted on 05/31/2014 8:22:09 AM PDT by Olog-hai
Spains prime minister says his government will unveil a stimulus package worth 6.3 billion ($8.6 billion) to boost competitiveness. [ ]
(Mariano Rajoy) said Saturday corporate tax would be cut from 30 percent to 25 percent.
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so the elites can feather their nests sufficiently
It worked so well in the United States (at extending the recession while rewarding those with insider connections) that the big government types in Spain want to get in on the act too.
Chicken feed. Obama gives 9 or 10 times that each month to falsely legitimize the National Debt by purchasing T bills with electronic Fed Chits, and purchasing Mortgage-Backed Securities on the stock exchange.
Spanish efforts at this are on the level of ‘piker’.
Does that justify them?
The one good thing was the reduction of corporate tax. Only thing wrong with it is that it is “harmonized” with what the other “big countries” of the EU want. (Those selfsame countries want Ireland to raise its corporate tax rate, after all.)
And GERMANY will continue to pay for them.
But then, the Germans were/are/always will be the worker bees and this billion-dollar package is Euro chump change for them.
Nothing justifies government taking of money from citizens to exact measures for which it has no experience, no basis, nor any idea of what is correct.
A free peoples operating in an environment unfettered by a meddling, duplicitous government hooked on pandering to the leeches of this world, would correct the problem on their own in a free market.
I see people still don’t see what happened there. Those were not bailouts but loans. And yes, they are still paying them back.
Do you REALLY think that Spain, already a hugely welfare state will EVER get around to repaying the Germans? I assume that there is also INTEREST to be paid.
I don't think that Spain will ever be able to repay what they "borrowed." But that's just an opinion.
I LOVED Spain and would go back there in a New York minute. I speak Spanish fluently too. But I can see clearly that they AIN'T ever going to have enough olives and olive oil to repay the WorkerBee Germans. Again, just my opinion.
Not relevant. The loans were used as a means to an endto force the will of the creditor state upon the debtor. And the governments in the countries that took the loans were resistant to taking themresulting in their governments falling and being replaced with governments willing to take the loans. All on the record.
Politicians always do the right thing, once all other options have been exhausted.
If Rajoy were serious, though, he would have dropped it lower than 25 percent, which is the “approved” level by the EU for “harmonization”. And he would have relented on the “stimulus”.
LOL. Looks like the IRS has taken a VERY big bite from YOUR "bottom line." A shame.
The poor in America are richer than MOST people in the world's "middle class."
Poor people, by definition, have no money other than welfare, which is OUR money. They don't pay taxes here or anywhere. Can't take what they don't have.
I took over a "water aerobics" class for a fellow instructor. It was just for one day. LOL. I watched minority whales waddle into the pool for their "water aerobics" class.
They weren't the "great white whales," they were the great "brown" whales. Very sad for them to reach their age being so huge, OBESE.
I spoke with the instructor about that. She just shook her head and said, "It's such a shame, isn't it? All those women are under 40 years old."
If they spent as much time on my two VERY simple exercises for losing weight, they would be SKINNY.
Are you ready?
When food is offered, junk food, extra helpings, after-dinner mints, whatever, one needs to do only TWO things:
1. Turn one's head to the right and left, in a smooth swivel motion,
2. simultaneously saying: "No, thank you."
*****3. THEN they should check in with a local Weight Watchers. If they had all that money to stuff their faces, the $14.00 per week for Weight Watchers is chump change. They don't have to lose ALL the weight but even 10 pounds would make a difference.
THINK of their poor knees and lower backs. POOR knees and lower backs!!
AND after their own nests have been duly and sumptuously feathered.
I meant middle working class.
Not always, BTW. Many politicians take their countries to utter ruin.
Is not repeatability and predictability relevant?
Of course, we DON'T know what kind of "encouragement" those loaner nations were offered.
So, you think that our middle working class is poor?
We are THE wealthiest "middle class" this planet has ever seen. An opinion only
MOST nations never HAD a "middle class." It's a relatively new concept for those OLD nations like, for example, India and China.
So you approve of Ubama handing over billions to the UAW?
The fact that their governments fell bespeaks much corruption especially out of the creditors.
Remember when it came out that the Bundestag was reviewing Ireland’s budget before the Dáil and Seanad even got to review it? What would the people of the US think if a foreign government got to scrutinize the US federal budget even before Congress got a look at it?
Remember when it came out that the Bundestag was reviewing Irelands budget before the Dáil and Seanad even got to review it? What would the people of the US think if a foreign government got to scrutinize the US federal budget even before Congress got a look at it?
Hmmm. Do you REALLY think that the Europe governments DON'T scrutinize, to the penny, our US federal budget?
I think that the Europeans know, to the
penny centime EuroCent exactly what our federal budget is even before we do.
Personal opinion: I don't think Americans CARE what our budget is as long as WE have our domiciles, junk food, televisions-in-every-room and our six cars per every four-person families. "Wah, I GOTTA have a back-up car, ya know!!"
We don't even KNOW what's going on in Congress. I think we stopped caring a LONG time ago. "Just gimme my stuff."
Just an opinion.
I’ve never heard of the Bundestag scrutinizing the federal budget. Then again, the mainstream media is not so free about broadcasting such things if it happensbut on the other hand, the alternative media would have discovered it and let that cat out of the bag.
I also have not heard of any bailout loans coming from the EU and IMF to the US either. Nor are we a member state of the EU, obliged by treaty to keep deficit spending under 3 percent of GDP.
Your indictment of “consumerism” comes out of left field.
Let's not forget their cronies. It may look like they're wasting money, but that money has to line somebody's pocket.
Huh? There is/was no "indictment" of "comsumerism." YOU are being unnecessarily dramatic.
From Wikipedia: Over 90% of Canadians live within 100 miles of the US border.
CANADA: slightly less than 33.5 million folks there.
USA: 313.9 million (2012)--almost 10 TIMES the population.
California: 38 million--California has more people than ALL of Canada.
CANADA: 9.98 million square kilometers or 3.8 million square miles.
USA: 9.827 million square kilometers or 3.794 million sq miles--SLIGHTLY smaller.
California: 163,696 square miles or 423,970 square miles--TINY compared to Canada or the rest of the USA
SO, Canada SHOULD be doing very well.
And since they haven't changed land size and population in many, many centuries, Obamacare can't be blamed for the USA'S failures, compared to Canada's successes.
That at least is an attack on consumerism, if not an indictment; certainly is a stereotype from the left. I understand it is your opinion, but it makes me curious as to what formed it.
Post 22: Personal opinion: I dont think Americans CARE what our budget is as long as WE have our domiciles, junk food, televisions-in-every-room and our six cars per every four-person families. Wah, I GOTTA have a back-up car, ya know‼
Post 26: Huh? There is/was no indictment of comsumerism. YOU are being unnecessarily dramatic
But then I'm supporting 30 million layabout Mexicans (and others).
Supporting? There aren’t any subsidies going to the bailed-out countries; those are loans. The terms of those loans are quite draconian, up as far as nullifying the power of the national governments of the recipient member states. The loans were actually forced on those countries, by making their national governments fall and replacing them with governments who were willing to take them.
If it were the case of freebies like what are handed out in this country, I’d say so. But this is way different. And it is all done with the approval of the elites, not grudgingly on their part; but so far, the citizens of the countries that have shouldered those loans have not done anything about it and had no voice in terms of stopping it.
They should count prostitution and drug sales as part of GDP like Italy and Great Britian started doing.
Maybe they’ll start a space program to look for gold on other planets. Maybe even a fountain of youth.
And frankly, even though the worker class of Red China has all of that too (including the bubble economy), they are still very concerned about their own freedom never mind the financial solvency of their country. Same applies for the workers in the European Union member states that have unemployment rates of over 25 percent.
I wouldn't presume to know what the people of China are concerned about. We visited there in 1981 and I found them just like ordinary people everywhere--concerned about their children, home, job and such.
When they and Europeans start quoting unemployment rates, I shut down because VERY few people in any given country are privy to the REAL facts of any country's unemployment rates. Nations spout what they want to world to hear. Believing so sublimely in the drivel we get on the Internet is naive.
I was not aware I had injected any drama into that observation; rather, it seems to me that double exclamation marks are more dramatic, with all due respect. And for the record, I do own a backup car and have owned them in the past; it is no fun to discover your primary car has failed and you either have to rely on a taxicab service or public transit when time is a factor for your travel plans.
Lol. What a drama queen you are..."with all due respect." You sound like Michael Corleone.
As for back up cars, why not? It IS no fun to discover that one's primary car is on the outs. Aren't we DARN LUCKY to be able to write about our "back up" cars?
My husband and I lived in Saudi Arabia five years and traveled, oh everywhere. THAT is when we went to China, when it was first opened up to us "round eyes." We made a ton of money and got to see MUCH of the world. We learned so much about ourselves and how LUCKY we were to be born when and where we were.
Well, enjoy the last of spring!
Ma salaama and fi aman illah!
Canada does well for four basic reasons.
They aren’t afraid to maximize the extraction and export of natural resources and they have a buttload of those resources.
They don’t pay to defend their country from foreign attack or invasion, yet they are completely safe thanks to the NATO treaty and having automatic aid from the largest military superpower in the known universe.
They don’t allow mass immigration of people who are uneducated, low skill set and don’t speak French and/or English.
They speak the same language and have a commerce system conducive to trade with the largest importer of goods and services in the history of the world, while sharing a three thousand mile common border with that trading partner.
Of course, being close to the border HAS provided JOBS. Apparently they have no problem with acknowledging that the US is a HUGE provider of jobs, which, for some odd reason, Canada doesn't provide.
There aren’t more of them because they limit immigration and their fertility is around replacement level.
As to the 100 miles of US Border, it’s because of three things - climate, climate and climate. You have no appreciation of how miserable it is when you get that far North. You can’t grow crops, the place is frozen most of the year, and then boggy swamps full of biting insects when it thaws out.
Canada has lower unemployment than the US. They would still have these jobs if China took over the US’s role of buying their exports.
But China has little interest in buying anything; they want to sell their crap (and crap it is).
Who is going to lend Spain the bucks for this stimulus?