The party then voted in Mr. Kan, who quickly lost popularity after proposing an increase of the national consumption tax and then waffling, raising questions about his and his party’s leadership and ability to guide the ailing economic giant out of its long stagnation.
This proves that people around the world are rapidly tiring of excessive taxes as a means to balance the budget. This will bode BADLY for the Democrats on November 2, 2010, who have to defend the ending of the 2003 tax cuts and the new, higher taxes to pay for health care reform and the upcoming cap and trade energy bill.
Japan is a very weird country in many ways isn’t it? So many contrary things go on at the same time.
This is good isn’t it? Because they’re both socialistic parties, but isn’t the LDP the “conservative party” (more conservative)? Like voting for RINOS over Commies?
As I understand it, Japan’s even got their own equivalent of the Tea Party now — a group of independent politicians called “Everyone’s Party”, who have managed to win 11 seats (so far) in the parliament on a platform of keeping taxes low and slashing bureaucracies.
The DP is America-hating and China-loving, so this is good news.