Posted on 09/28/2009 7:03:15 AM PDT by mtrott
German Chancellor Angela Merkel's conservatives vowed on Monday to seal a coalition deal, including tax cuts, with the pro-business Free Democrats (FDP) within a month after Sunday's election victory.
Merkel's conservatives won a parliamentary majority with the FDP, her partner of choice, enabling her to end her awkward four-year-old partnership with the Social Democrats (SPD).
"Considering the strength of the junior partner, (the ideas) of that party will penetrate negotiations. That includes the simplification of the income tax system as well as tax relief," said Heino Ruland of Ruland Research in a note.
(Excerpt) Read more at cnbc.com ...
Here in the US, the powers that be have tried everything else, to no avail. I mean, they have lowered interest rates to ZERO, they have redistributed wealth in the form of "stimulus" to the economy, tax rebates. None of it has worked.
Could I be so bold as to suggest that the problem is that the people in charge in Washington have NO business experience or knowledge, and have antipathy towards those who do. They detest independent, entrepreneurial activity because it is so antithetical to their notions of a government modulated economy.
How bad will it have to get here before the voters revolt? Hopefully, 2010!
Perhaps I should be looking at some German firms to invest in.
There is a better article about this on Bloomberg.com, but was blocked from posting here.
Well, the DAX is up over 2% today.
I have a hunch that if Obamacare and Cap and Tax can both go down, the US markets will also surge rather quickly.
The ‘conservatives’ that won in many European countries are focusing mostly on fiscal issues. Most of them do not run on social issues such as against gay marriage, abortion, etc. Do American conservative want to go through that path? Would a strict fiscal conservative, but happens to be openly gay although doesn’t campaign for gay marriage, get elected as a conservative here?
Loved all the articles just before the election casting doubt on whether she could win a new coalition.
And of course the media won’t really tell the sheeple that Germany is moving even further from the Obama fold.
Obama is largely out of step with the world he constantly appeals to.
So...let us see...
In the last one year, we have had the following countries switch over (or renew) to tax cutting goverments
1. India - Dr. Manmohan Singh... the Reagan with a Turban. One of the most brilliant and incorruptible man around.
2. Germany - Dr. Angie Merkel .. the Reagan with no personality and a skirt
3. France - Sarkozy .. the Reagan that married the skirt
4. Italy - Berscoloni... the Reagan that chases the skirt
5. Korea - Lee Myung-bak.. the Reagan Buddha
6. New Zealand - John Key.. the Reagan down under
In the wings are:
1. UK - David Cameron... the man that may turn out to be a woman.. as much as he cries on camera.. but a right of center
2. Spain - TBD - Where the awful Zapatero will surely be gone soon
3. Australia - TBD .. Where the double awful China apologist Kevin Rudd is on his way out
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.