Some Good News From Spain

Although the Socialists are cutting and running from Iraq (even though that's the best place to kill Al Qaeda types these days), they might increase their commitment to Afghanistan, which is welcome news.

Also, Spain's new PM believes in cutting taxes and laissez faire economics.

Here are some of the economic promises on which Zapatero's Socialist Workers Party campaigned: lowering the corporate tax rate from 35 percent to 30 percent, cutting income taxes, and reducing the value-added tax. Oh, and they're going to balance the budget and control inflation. The man expected to be the Socialist finance minister, Miguel Sebastian, is a U.S.-educated economist with a Ph.D. from the University of Minnesota. He's promising to put his faith in the Invisible Hand. 'There will be a strict separation between politics and business,' he told the Financial Times. 'We will be a market-friendly government.'

i'm not as optimistic about Zapatero as the Slate columnist, but i'll admit this news takes some of the sting out of the recent election results.

Slate link via Michael J. Totten via Ipse Dixit.

Posted by: annika at 08:40 PM | Comments (2) | Add Comment
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