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?
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