Friday, December 10, 2021

Peter Boehringer, December 9, 2021, Economic Stabilization

German Bundestag, Plenarprotokoll 20/6, p. 231.

Overdue is today’s proposed reduction in the thus far grotesquely high volume of guarantees of over 500 billion euros; we have plainly heard it here. It was, as per reckoning, set from 500 to 900 or 1,000 percent too high by Olaf Scholz. We are speaking of this here. This is now here corrected.

Yet profiting from the Economic Stabilization Fund [WSF], as we have just heard, are contrarily almost only those big businesses sought out according to political criteria.

            Andreas Schwartz (SPD): That was indeed the purpose!

Each workplace, such as those of the TUI [Tourist Union International], was subsidized with 125,000 euros from the WSF. And if the KfW [Credit Institute for Reconstruction] assistance credits are included which, ja, can in any case be guaranteed by the state through the WSF, then it is even 430,000 euros per TUI employee.

Thousands of small travel offices and tourist organizations, with this same law, would have been able to be saved by the state. They, however, were simply victims of Corona, for whom Olaf Scholz neither as Finance Minister nor as Chancellor concerns himself in any form.

Quite the opposite: In Germany today, millions of guiltless people are discriminated against by 2G rules lacking medical logic; since the vaccinated also are potentially infectious and they too occupy thousands of intensive-care beds.

            Leni Breymaier (SPD): So simple is the world?

A society is sick when people continually without symptoms need prove to be healthy, or indeed will be generally excluded for denying their own bodies to an increasingly ineffective and insecure method of vaccination. The AfD here today once again declares itself to be in solidarity with millions of people who daily unfairly suffer from this injustice and discrimination.

            Karsten Klein (FDP): Unsolidarisch!

We experience since March 2020 a politically made escalation: The healthcare emergency, statistically defined to a point and still promoted by means of premiums for the dismantlement of beds, becomes by means of a de facto compulsory vaccination a legal emergency, then by means of lockdowns an economic emergency, and then finally a budget emergency. We need to get out of this continuous loop. End the completely failed preventive measures against Corona and with that alone the budget and the economy will pull themselves together.

On the WSF construction: Exactly as during the financial crisis of ten years ago, we also hear again the dictum: “They are nevertheless mere guarantees…” [Es sind doch bloss Garantien…”]; exactly like that time. That was besides at that time, exactly ten years ago, the title of an article which I had published on the first rescue of Greece. The guarantees of today are the credits of tomorrow, the write-offs of the day after, and in the end higher taxes.

And today again is the guarantee construct only a trick for the postponement in time of the meantime public agitation. By means of guarantees, the WSF’s hidden credits are partially lost. Yet you still do not say that to the people today. The KfW and the WSF will draw on these guarantees. The write-offs will then burden future taxpayers, but only after der Ampel [traffic light coalition]. And it happens – my last sentence, Frau President –  that with this disguise FDP Finance Minister Lindner exactly there continues where the Merkel Groko left off.   

 

Many thanks.

 

 

[trans: tem]