VAT cut, will it make any difference?

Quote:

Originally Posted by Louis VI the Fat

After getting a taste of it this morning, I am now very impressed by the firmness of Britain's balls. Very tough, will resist any amount of outside pressure, but still very responsive. Every continental should wish he had even one of them.

In a breach of diplomatic standards, Germany's finance minister Steinbrueck criticised the UK's decision to cut VAT and raise national debt levels.

However, and not for the first time in modern history, Britain's balls proved to be much sturdier than the Germans expected.

On the eve of an EU summit, a row between Germany and the UK is not really what we need.
Apart from that, I think I must side with Brown's handling of th crisis.

Bunch of rubbish, if the guy was true to his name he wouldn't be afraid to let some companies fail, real men with balls do not need homes, they live in caves.
Steinbrück seems to handle this crisis very well IMO, he doesn't give bailouts to every shmuck who cannot manage a company and when he does, he may just tie them to certain restrictions, just like it should be. Like I've said before, managers get paid for their responsibility, if they do not want to be responsible they should get less money.

All these measures just fuel the recession anyway because people will think "Oh noes, the government is heavily responding, it must be really, really bad, let's stop investing and save some money(that will be worthless in a superinflation anyway)". We're all doomed if we go on like that, those high-payed managers should drag their companies out of the dirt themselves if they can, if they can't, we do not need their services anymore, that's a similar standard to the one they apply when hiring people.