Thursday, October 23, 2008

Toaster Oven And Dehydrator

Disappeared Robin Hood (who cares for the poor ..) to better protect bankers. Word of Scalfari.

public here a summary , unauthorized Sunday editorial Eugenio Scalfari .

reflect on the great publicity in the media surrounding the government's action during the international economic crisis. It seems that our government and our Prime Minister are at the center of the universe, right engine center of everything.

Obviously not.

The second part of the criticism rained on Tremonti, good in predicting the crisis, but pathetic in the choices with which tries to counter it.

Here's the summary:

LOOKING our television through the pages of our newspapers show a consoling aspect: the patriotic government and its leaders have gained much in terms of international prestige . All we seek, want our recommendation, with appreciation evaluate our programs, ask for our mediation. Among the great weight of our Earth is growing.

What more could you want?

This growth is borne out by the authoritative statements of the parties and in particular those of the Prime Minister and Economy Minister that our "average" set out with the utmost clarity and due satisfaction.

In this imaginary survey of primates has a little Italian that most projects are just empty boxes, general announcements, media devices.
to the Italian public, educated by our own media and the statements of our leaders, the engine of the fight against the global crisis is at Palazzo Chigi.
Even the vote against the political "climate" of Europe, which involved two months of stalling, is presented as a sign of our strength and our international vision.

This exaltation of the media have no relation to reality and truth.

A common exercise is the media discovery hot water presented as evidence of intelligence and surveillance by governments and international institutions. That exercise is not confined to Italy but extends to the West.
It was discovered a few days ago that the financial crisis is affecting the real economy.
And you not perceive it now? It was not clear from the beginning? When financial crises over a certain threshold and a certain size, their effects beyond the question inevitably engulf the economy and initiate processes more or less long stagnation and recession.
But no, had not noticed , gave the fool or even catastrophic to those beginning to implement measures recommended are able to stem or slow down the negative consequences on the real economy.

From this point of view, the record is held by the palm of the European Central Bank and Commission in Brussels.

The first stubbornly for keeping the interest rate to 4.25 without being able to exercise any brake on inflation, but instead of causing deleterious effects on the cost of mortgages and loans to businesses.

The second rigidly defending the stability threshold of 3 percent in deficit / GDP ratio and hammering governments to pursue policies of spending cuts and balanced budgets. In this scenario

Giulio Tremonti represents an unusual case and somewhat pathetic . He was among the first to sound the alarm last June on the size of the financial and banking crisis coming. He pointed scenarios and options that opened and, although in general terms, the policies that should have been taken.

But then, when put at the head of the Economy, did exactly the opposite of what had indicated.

He approved in nine and a half minutes (remember?) A law that does not deserve another three-year financial definition but to set up a deflationary economic policy. A law like that, that aims to lower spending tens of billions by cutting "horizontal", adopted by those who see you coming - and it predicts - a financial storm with obvious consequences recessive behavior is inexplicable. Equally

unexplained the story of "Robin-tax" that stands in the front pages of newspapers for one month and which Tremonti built a media part of its charm. It was the flagship of the new economy minister to tax the rich to give to the poor, tax the banks to finance the "social card" to be distributed to a million Italians with incomes lower than € 8 000 per year. Total estimated 400 million.

been almost five months to hit that little theater of the media as " social card" will be distributed in December but in the meantime, banks have ceased to be rich, the government instead of supporting them is taxed for doing so has launched a decree which states: "Figures Unlimited "in order to avoid failures.

Robin Hood is gone from Sherwood Forest, the Sheriff of Nottingham habit and turns with the pilgrim's staff and we expect taxpayers to know how much is his livelihood.
not pathetic?


Vincenzo Cusumano

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