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Surplus of pessimism may cost Spainís ruling Socialists at polls
The Washington Times ^ | November 18, 2011 | Mike Elkin

Posted on 11/18/2011 11:21:20 AM PST by iowamark

Spanish voters on Sunday are expected to dismiss the Socialist government of Prime Minister Jose Luis Rodriguez Zapatero and usher in the conservative People's Party (PP) and its leader, Mariano Rajoy.

Mr. Zapatero’s Socialist party (PSOE), which has been in power for eight years, has borne the brunt of public blame for Spain’s increasingly perilous economic situation, which has tainted the party’s leadership candidate, Interior Minister Alfredo Perez Rubalcaba.

Meanwhile, Mr. Rajoy has been coasting toward an expected landslide victory without saying much about how he plans to reverse Spain’s economic course...

The situation is bleak for the eurozone’s fourth-largest economy. Spain’s growth this year is projected at less than 1 percent, and the unemployment rate hovers near 23 percent, meaning 5 million people are out of work.

That is the highest unemployment rate in the European Union and more than double the eurozone average of 10.2 percent, according to Eurostat, the EU statistical agency.

The jobless rate for young Spaniards is double the national average.

A PP victory on Sunday will mark the fifth time this year that Europe’s financial crisis has prompted the ousting of a government:

• In February, the Irish evicted the governing Fianna Fail party, the first time the party has not dominated the parliament since 1927.

• This summer, Portugal voted out its socialist party amid severe austerity measures.

• Last week, the Greek and Italian governments collapsed under pressure from the EU and the financial markets.

(Excerpt) Read more at washingtontimes.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events; Politics/Elections
KEYWORDS: alfredorubalcaba; cost; economic; economy; election; europe; eurozone; josezapatero; marianorajoy; party; peoples; peoplesparty; pessimism; polls; psoe; rajoy; rubalcaba; ruling; socialist; socialistparty; socialists; spain; spains; spanish; surplus; zapatero

1 posted on 11/18/2011 11:21:22 AM PST by iowamark
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To: iowamark

Socialists can run countries until they can no longer borrow money from capitalists. When the majority is sitting in the wagon, and a shrinking minority is pulling it, the wagon can’t move.


2 posted on 11/18/2011 11:29:55 AM PST by txrefugee
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To: iowamark
Gotta LOVE that headline.."Surplus of pessimism.."
3 posted on 11/18/2011 11:32:31 AM PST by ken5050
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To: iowamark

Hopefully, this pessimism will pick up here in the U.S. and result in the Socialists in this country being thrown out of office.


4 posted on 11/18/2011 11:36:15 AM PST by Signalman
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To: txrefugee

5 posted on 11/18/2011 11:38:54 AM PST by wolfman23601
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To: wolfman23601

“Don’t mention the war, I did once, but I think I got away with it, all right.”


6 posted on 11/18/2011 11:39:38 AM PST by dfwgator (I stand with Herman Cain.)
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To: iowamark

at least the Irish are honest enough to name it the Fail Party


7 posted on 11/18/2011 12:08:57 PM PST by Buckeye McFrog
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To: iowamark

The science version of a socialists is one who believes in perpetual motion.

Many folks have been fooled by so-called demos of PM....but never has it worked.

So it is also with socialism.

The problem with socialism, though, is that its assured failure always hurts people.


8 posted on 11/18/2011 12:28:16 PM PST by Da Coyote (Liberalism - when you absolutely, positively have no ability to produce wealth.)
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To: iowamark
Why would the conservative party want the job?

Sorry socialists, you broke it you bought it.

9 posted on 11/18/2011 12:33:22 PM PST by whd23 (Every time a link is de-blogged an angel gets its wings.)
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To: iowamark

Uh-oh... sounds like al-Qaeda needs to stage another bombing to scare the Spaniards back into line.


10 posted on 11/18/2011 12:53:27 PM PST by ScottinVA (I miss America.)
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To: ken5050

“Surplus of pessimism” is newspeak for “boatload of fail”


11 posted on 11/18/2011 1:05:10 PM PST by NativeSon
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