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 ...
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.
Hopefully, this pessimism will pick up here in the U.S. and result in the Socialists in this country being thrown out of office.
“Don’t mention the war, I did once, but I think I got away with it, all right.”
at least the Irish are honest enough to name it the Fail Party
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.
Sorry socialists, you broke it you bought it.
Uh-oh... sounds like al-Qaeda needs to stage another bombing to scare the Spaniards back into line.
“Surplus of pessimism” is newspeak for “boatload of fail”
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