Lies...

Subtitle: Those reproduced by the great media and that we have not swallowed

• President Zapatero said that to speak of crisis was to be "plain catastrophist" and that "in 2008 we will grow less than in 2007, but by 2009 there will exist the bases for growing again over 2008 growth". (El Economista, 14/Jan/2008)
  But we find ourselves in the middle of a deep economical recession that is making history. Gross Internal Product (PIB) grew 3,7% in 2007 but the estimated growth of PIB instead of going over such of 2008, has being cut successively reaching a contraction of 1,6%. Since 2008, IBEX-35 has lost around 7.000 points in the stock market (almost half of its value). Several worldwide organisations have started to recognise that this crisis is more severe than such of 1929. It means that we are living a crisis without parallel in the history of capitalism.

• The government claims that the housing price has lowered, reaching "a desirable and expected balance after a long period of time in which prices were not adjusted to real prices". (A. Romero, General Architecture and Housing Policy Director, to El Pais, (15/Jan/2009)
  Even though the home's sell-purchase price has lowered a bit, it is in no way the "desirable and expected balance" for most of the people and houses still cost an arm and a leg. Besides, it must be said that today many people live in rented houses, and these prices do not go down, but on the contrary: they go higher and higher (this year they raised 4,3% in Spain) producing unjust and unbearable fixed prices that infringe the constitutional right to enjoy decent houses.

• •The government has started its Plan E, "Plan for the Stimulation of Economy and Employment", investing 11.000 millions public's Euros for financing public works and to refloat automobile industry. (Source: Plan E)
  But these 11.000 millions that belong to everyone will end up in the hands of big multinational companies which, concerned only for their own profits, do not hesitate in firing workers or presenting Employment Regulation Expedients (EROs). What the government doest not say either is that the keep betting for a development and transport model which is not viable any longer because of the natural limits of the planet.

• •The government has endorsed guarantee for 100.000 millions Euros to the banks in order to "recue our financial system" and thus give "support to the economical activity". (El Mundo, 13/Oct/2008)
  But it is not common sense to rescue a financial system that failed and that has proven being unfair and made to the measure of speculative excess of the wealthier and the banks. It is this financial system that has driven us all to the Total Crisis, and it is urgent to make changes and promote real economic alternatives, here and now.

• •The Secretary of State for Economy, David Vegara, said that "inflation might continue to fall down to negative rates, but the government does not expect a deflation", all this after being announced on January the lowest IPC (consumption prices index) in forty years. (El Economista, 13/Feb/2009)
  We could ask ourselves what do the Secretary of Economy understands by the term "deflation", which is generally defined as a "generalised and continued reduction of the economy's price general level" (Rafael Pampillón) and which is the nightmare of any economy in any system, since it creates more and more unemployment because of consume reduction.

• According to Zapatero, "the solvency of the Spanish families and enterprises […] guarantees the financial situation of our economy". (ABC, 7/Sep/2007)
  What a magnificent solvency of ours that has launched the default rate up to unsuspected peaks. Caixa Catalunya already recognises a 5,8%, the highest in Spain till now. Consultants from Oliver Wyman foresee up to 8% default rate in Spanish banks and savings banks by the end of 2009 (Europa Press, 11/Feb/2009). On another hand, Spain's Central Bank raises the foresight to 9%.