Skip to main content
Estonia needs a bail out package (Response to The sexiest man in Estonia)
by Kadri Simson Centre party faction chairperson
Postimees 4 September


On 2 September, British journalist, Abdul Turay commented about my position that Estonia needs to boost its economy with a support packet model like US president Obama's.


Looking critical at the content of the article, gives rise to the question, did the foreign journalist critically read through the proposal. The journalist understands that aid packets by the governments of the USA and Great Britain are above all to get banks out of difficulties and points to how this proposal is irrelevant in Estonia, as here we don't have our own banks.


Unfortunately Turay is fighting with non-existent adversaries, because my proposals for an economic boost packet didn't even deal with banks, in that part. Obama package content, which deserves to be followed in Estonia, is compensation for decrease in internal demand through state orders, which will enable jobs to be preserved.


The crisis package has been taken up in Germany and France and their economies show signs of economic recovery, relatively successfully. So to name crisis packages dumb is indeed a fallacy. As proved by the performance of Estonia which is so far without a decent crisis package.



(Editor's note: Normally I don't comment on responses to my articles. I just publish them and let the reader decide. But with this one I felt I had to say something.

Ms Simson, the bail out package in the USA was designed primarily for banks, that is a fact. These new New Deal, rampant Keynesian, aspects of package, were tacked on later as an afterthought.
By talking specifically about the Obama package in the USA, you make a comparison between the US and Estonian economies. They are not comparable. That was my criticism and it is still legitimate.

It's only when I published my article that you backtracked and started to talk about Germany and France. As yourself have said, it's too early to say whether this crisis is over. If that is true in the USA, surely it is true in Germany and France?

You still haven't answered the main question I posed, at all. How is this country going to pay for this, with no mechanism for deficit spending? Raising taxes perhaps. That won't go down to well with Centre Party supporters and kind of defeats the point, don't you think?)



Comments

Popular posts from this blog

Black men, Estonian women: the truth
By Abdul Turay
Published Postimees 11 November 2009
Well that got your attention; the headline I mean. Any story on this subject, the technical term is miscegenation, is bound to get punters. The yellow media, women's magazines and reality TV shows are obsessed with the subject. Not a month goes by without some publication writing about it. Anne and Style, for example, recently ran a long feature about mixed couples.
Most of these stories are muddle-headed and wrong. There's paranoia in this country that there is an army of dark-skinned men form Turkey, the tropics, some place south, who are going to make off with the nation's women. It's never going to happen. I'll explain why in a minute.
Seriously, I think there are more important things to think about and worry about. I worry about feeding my family. I worry about other people being able to feed their families, so I write about politics and economics.
But the press won't leave…
Aus valik näib rumal, rumal valik on aga aus. Abdul Turay
Järgneb minu lugu Donald Trumpist.
Varastel üheksakümnendatel, enne seda kui keegi üldse internetist kuulnud oli, töötasin Hong Kongis ühes ajalehetoimetuses nooremreporterina. Üks kolleegidest täiendas Trumpi-teemalist ilutsevat kirjatükki omapoolse märkusega: „Ta ego on sama suur kui ta hotelliäri.“ Paar nädalat hiljem viibis tulevane president Hong Kongis ning üks kolleegidest pidi teda intervjueerima. Ta kirjelduses esines Trump hea instinkti, intelligentse ja kohalikes oludes väga hästi informeeritud vestluspartnerina. Kolleeg lisas, et Trump oli vestluses nimeliselt vihjanud ka reporterile, kes tema kulul mahlaka väljaütlemisega lagedale oli tulnud: „See tüüp X on paras sitapea.“
Donald Trump on oma tegemistes pedantne ja põhjalik. Toona koha peal viibides ei palunud ta endale tuua mitte ainult sealseid lehti, et siis ainult enda kohta avaldatu üle vaadata, vaid luges terve eksemplari otsast lõpuni läbi, mistõttu ka tema võr…
Galojan will not be coming home soon. By Abdul Turay Published Postimees 27 February 2012
Anna Maria Galojan is quite a boring person. I am bored with reading about her case already. Frankly I am not that interested in her, but since I have some insider knowledge with the system she is facing, I thought I'd share it with you.
Miss Galojan claims that she is not running away by staying in the UK and if she really wanted to run she would have gone to South America.
The reverse is true. I suspect Galojan choose Britain precisely because it the best place for her or anyone else to evade justice.
Britain has a slow and inefficient bureaucracy, especially when dealing with law and order issues. If Galojan has actually claimed asylum like she says, she will be caught in this system, certainly for months and possibly for years.
Countries with a history of dictatorship, often have fast and efficient bureaucracies. Dictators need to sure that they can get rid of political opponents quickly.
The re…