Comments on: Spain Smacked by a Dose of Economic Reality

By: David

David — Sat, 09 Aug 2008 04:26:59 +0000

Spain is suffering because it didn’t hop on the US-UK-Israel’s War on (of) Terror. Remember, all roads lead to the Protocols of the Meetings of the Learned Elders of Zion http://www.youtube.com/watch?v=RAncuwwUbj0

By: Bend over, here it comes again — New England Republican

Bend over, here it comes again — New England Republican — Thu, 19 Jun 2008 10:49:59 +0000

[...] Read the whole article to see our destination with the Donks, bring tissues: [...]

By: don

don — Tue, 17 Jun 2008 23:44:43 +0000

Look just do what they do here in the the USA blame Bush!Viva la Obamanomics!

By: Andrew Ian Dodge

Andrew Ian Dodge — Tue, 17 Jun 2008 09:06:53 +0000

American car unions didn’t help themselves. Late 70s/early 80s American cars were built like rubbish (ditto British cars). People got sick of it and bought more reliable Japanese cars. It was not the fault of Reagan or the public. In a proper free capitalist country you buy what is best for your needs. Why buy rubbish if you don’t have to?

By: Chris

Chris — Mon, 16 Jun 2008 20:31:21 +0000

Sorry to sound snarky, I just meant to say that not everything that happened in the early 80’s was a direct result of Reagan policies.

It is difficult for me to understand how a tax cut for the poor (even though the rich got a bigger one) made the poor poorer. There had to have been other factors in involved and I suspect the collaspe of US car and cheap electronics industries had a lot to do with it.

By: Chris

Chris — Mon, 16 Jun 2008 20:05:05 +0000

Hey Hey:

25 years ago, exactly 25 years ago?! Let’s see, what could have happened 25 years ago? Well, the early 80’s was the era in which millions of American car and electronics jobs were shipped overseas to Japan. It is when it first became hard to make a good living without a college degree because blue collar jobs shifted overseas, hence reducing the value an earning power of poorer Americans. Is that what you are referring to?

By: BizzyBlog » Things I’d Like to Post About Today ….. (061608, Morning)

Mon, 16 Jun 2008 11:53:41 +0000

[...] Fuel prices in Spain are mainly and plainly causing pain. [...]

By: steve

steve — Mon, 16 Jun 2008 06:24:43 +0000

Jose,
The minimum tariff is simply not going to happen, period. While this is what the radicals are pushing for, the industry understands that this is impossible.
There will be a reduction of transporters in the market whereby the amount of transport on offer adjusts to meet demand. This is both labour and employer as the bulk of the people and companies affected will be small companies and owner operators.
The end result will be to force transport rates up via increased rates and reduced cash flow (30 day terms vs. 60-90 day) putting further inflationary pressure on an economy that I believe will show negative growth. Thus the economic mess will become somewhat worse.We will see by how much.
While Zapatero can not be held responsible for all these ills, it is not seriously disputable that govt. policies are not pro growth as Spain enjoyed with Aznar. As industry and investment moves east the only real light at the end of the tunnel is a revival of real estate when the financial crisis eventually sorts itself out – and who knows when this will happen.

By: Ron

Ron — Mon, 16 Jun 2008 01:31:37 +0000

with regard to the 22 billion vs 100 billion euro, perhaps I misread it, but isn’t the 22 billion an internal Spanish wealth transfer but the 100 billion an external transfer from the EU to the Spanish?

By: Hey

Hey — Sun, 15 Jun 2008 20:47:00 +0000

Hey Wildmonk

I really do agree with you. When you mention where the blame should be placed or is unfairly placed only on the lenders and their subordinates. there is no doubt people got loans that should not have. But when you say that you leave out that homeownership is the tool that propels wealth. In the last 25 years it has become increasingly harder to obtain a home. So in order to close the family wealth disparity we have in America rules were relaxed. So you have to go back 25 years and more to find out why this disparity in family wealth exist. To find the real root is to place true blame. But for some reason I think you will choose not. I will make it easy. “What came first the chicken or the egg”?