“From each according to his ability, to each according to his need” – Karl Marx
I have frequently on this very blog demanded liberals to explain in detail just how exactly Barack Obama isn’t for the same thing (i.e., the major economic element of communism). But let’s start with the French and get to Obama later.
Planet France is a place where fools have pretty much run things ever since 1789. Two words that define France today are “socialism” and “surrender.”
Who did Planet France just elect? And just what is this particular cheese-eating socialist surrender-monkey saying he’s going to do?
Hollande defeats Sarkozy in French presidency vote
Updated 04:05 p.m., Sunday, May 6, 2012
PARIS (AP) — Socialist Francois Hollande defeated conservative incumbent Nicolas Sarkozy on Sunday to become France’s next president, heralding a change in how Europe tackles its debt crisis and how France flexes its military and diplomatic muscle around the world.
Exuberant, diverse crowds filled the Place de la Bastille, the iconic plaza of the French Revolution, to fete Hollande’s victory, waving French, European and labor union flags and climbing the column that rises at its center. Leftists are overjoyed to have one of their own in power for the first time since Socialist Francois Mitterrand was president from 1981 to 1995.
“Austerity can no longer be inevitable!” Hollande declared in his victory speech Sunday night after a surprising campaign that saw him transform from an unremarkable, mild figure to an increasingly statesmanlike one.
Sarkozy is the latest victim of a wave of voter anger at government spending cuts around Europe that have tossed out governments and leaders over the past couple of years.
In Greece, a parliamentary vote Sunday is seen as critical to the country’s prospects for pulling out of a deep financial crisis felt in world markets. A state election in Germany and local elections in Italy were seen as tests of support for the national government’s policies.
Hollande promised help for France’s downtrodden after years under the Sarkozy, a man many voters saw as too friendly with the rich and blamed for economic troubles.
Hollande said European partners should be relieved and not frightened by his presidency.
“I am proud to have been capable of giving people hope again,” Hollande told huge crowds of supporters in his electoral fiefdom of Tulle in central France. “We will succeed!”
Hollande inherits an economy that’s a driver of the European Union but is deep in debt. He wants more government stimulus, and more government spending in general, despite concerns in the markets that France needs to urgently trim its huge debt.
Sarkozy conceded defeat minutes after the polls closed, saying he had called Hollande to wish him “good luck” as the country’s new leader.
Sarkozy, widely disliked for budget cuts and his handling of the economy during recent crises, said he did his best to win a second term, despite widespread anger at his handling of the economy.
“I bear responsibility … for the defeat,” he said. “I committed myself totally, fully, but I didn’t succeed in convincing a majority of French. … I didn’t succeed in making the values we share win.”
With 75 percent of the vote counted, official results showed Hollande with 51.1 percent of the vote compared with Sarkozy’s 48.9 percent, the Interior Ministry said. The CSA, TNS-Sofres and Ipsos polling agencies all predicted a Hollande win as well.
Hollande has virtually no foreign policy experience but he will face his first tests right after his inauguration, which must happen no later than May 16.
Among his first trips will be to the United States later this month for summits of NATO — where he will announce he is pulling French troops out of Afghanistan by the end of the year — and the Group of Eight leading world economies.
Hollande’s first challenge will be dealing with Germany: He wants to re-negotiate a hard-won European treaty on budget cuts that Germany’s Angela Merkel and Sarkozy had championed. He promises to make his first foreign trip to Berlin to work on a relationship that has been at the heart of Europe’s postwar unity.
Germany’s foreign minister, Guido Westerwelle, congratulated Hollande on Sunday night and said both countries will keep on cooperating closely in driving the European Union’s policies and be “a stabilizing factor and a motor for the European Union.”
At home, Hollande intends to modify one of Sarkozy’s key reforms, over the retirement age, to allow some people to retire at 60 instead of 62. He also plans to increase spending in a range of sectors and wants to ease France off its dependence on nuclear energy. He favors legalizing euthanasia and gay marriage.
Sarkozy supporters call those proposals misguided.
“We’re going to call France the new Greece,” said Laetitia Barone, 19. “Hollande is now very dangerous.”
Sarkozy had said he would quit politics if he lost, but was vague about his plans Sunday night.
“You can count on me to defend these ideas, convictions,” he said, “but my place cannot be the same.”
His political allies turned their attention to parliamentary elections next month.
People of all ages and different ethnicities celebrated Hollande’s victory at the Bastille. Ghylaine Lambrecht, 60, who celebrated the 1981 victory of Mitterrand at the Bastille, was among them.
“I’m so happy. We had to put up with Sarko for 10 years,” she said referring to Sarkozy’s time as interior and finance minister and five years as president. “In the last few years the rich have been getting richer. Now long live France, an open democratic France.”
“It’s magic!” said Violaine Chenais, 19. “I think Francois Hollande is not perfect, but it’s clear France thinks its time to give the left a chance. This means real hope for France. We’re going to celebrate with drink and hopefully some dancing.”
Planet France is a place where liberalism lives forever. Planet France is a place where foolishness is wisdom, where night is day and where evil is good.
The markets already plunged on the fear that Hollande could win; now he’s won. And the finance markets aren’t happy with “we will spend other people’s money until there is no more of other people’s money left to spend” policies:
Euro falls to three and a half year low amid market jitters at French and Greek elections
The Euro hit a three and a half year low against the pound as financial markets reacted to the election of Francois Hollande as France’s first Socialist president for 17 years and the new threat to a eurozone break-up posed by the post-election turmoil in Greece.
By Roland Gribben, Henry Samuel and Bruno Waterfield
11:24AM BST 07 May 2012
The Paris stock exchange CAC 40 index dropped 1.52pc in early trading with investors nervous about the growing pressure for a eurozone economic policy switch from austerity to growth, reflected in the French and Greek election results and President Hollande’s priorities.
The euro fell heavily across the board on Monday. Traders said the euro’s losses, which saw it hit a three-month low against the dollar, its lowest in 3 and a half years against the British pound and a 2 and half month trough versus the yen, were likely to be extended in coming days.
Stocks in Italy fell 2.2pc, the main Madrid index slipped 1.76pc while a 2.02pc drop in the DAX index of leading German shares was blamed on a local election setback for Chancellor Angela Merkel.
Political stalemate in Greece after the failure of any party to gain a majority saw shares on the Athens market slump 7.6pc.
The strength of the opposition to the Greek bail-out programme has raised fresh questions about continued eurozone membership.
Alexis Tsipras leader of the Syriza party, a coalition of the radical left which emerged as the second biggest after winning 16pc of the Greek vote, immediately drew the battle lines declaring: “The people of Europe can no longer be reconciled with the bailouts of barbarism.”
The euro fell its lowest level for almost four months to $1.2954 before showing signs of a rally to $1.301 while the interest rate on France’s benchmark ten year bonds rose.
Traders said there was no panic but the rising yield is increasing concerns about a run on French debt and a threat to the French deficit reduction programme. A widening in the spread between French and German bonds was seen as a ‘flight to safety.’
Germany’s 10-year yield fell to as low as 1.552pc, the second record in consecutive trading days.
Ratings agency Standard and Poor’s said President Hollande’s victory would have no immediate effect on its French rating.
The agency infuriated former President Sarkozy when it stripped France of its top triple-A rating in January.
A number of analysts felt markets had already taken account of a Hollande victory while others argued that a combination of the French and Greek results would increase pressure on eurozone debt.
World stock markets hit as France votes for first Socialist president in 20 years and Greece chooses a parliament with a majority of MPs from anti-bailout parties.
Some say that the market has already taken a Hollande win – i.e. a win for socialism, a win for liberalism, into account. These are pretty much saying that Hollande will govern far more pragmatically than his liberal rhetoric suggests. They’re saying that the world financial markets will prevent true socialism from emerging in France, and that Hollande will have to face reality given that he’s simply boxed-in by simple reality. But even those people are saying, “We are quite pessimistic about the euro area in the short-term. We think that the GDP contraction will amplify in the second quarter. So, things will get worse in the coming weeks.”
I think that’s hogwash. I think that Hollande will now believe he’s got a mandate to export his brand of socialist-liberal belief in unicorns and fairy dust to Germany and to the world financial markets. His win was by about the same margin that Obama won by, interestingly, and both Obama and Democrats sure as hell thought THEY had a mandate which they foolishly exploited until the voters gave them a historic ass-kicking in 2010. I also think that Hollande’s “Our way out of our massive debt is for our government to pretend we’re not in debt and quadruple down on our reckless, insane spending” mantra is the way to ruin. And that ruin will surely ensue. And, lastly, I think that the Eurozone’s complete and utter collapse is all but guaranteed now.
“Austerity can no longer be inevitable!”
Our socialist fools in the Democrat Party in America are as determined to ignore reality as the sociliast fools on Planet France.
Compare and contrast openly socialist Hollande’s major policies to Obama’s: both want huge government stimulus programs; both oppose any constraints on government spending; both demand that we tax the rich; and both want a special tax on banks. That’s because Barack Obama is a damn SOCIALIST!!!
The French election previews the U.S. November election contest between incumbent Barack Obama and challenger Mitt Romney in the following four ways:
1). Both Obama and Hollande offer almost identical leftist platforms (details on this below).
2) The bland challengers (Hollande and Romney) ignite electoral passions less than their more colorful opponents (playboy Sarkozy with his celebrity wife and Obama, the first black president).
3) The sorry state of the economy gives both challengers a hefty leg-up.
4) The French and American elections are foreshadowed by electoral disasters for the incumbent party in off-year races in 2010 and 2011. In both, the incumbent party lost long-held majorities in one house of Congress or parliament.
And it’s no surprise that America under Obama is looking more and more like Europe and having the same long-term problems that Europe has had:
EDITORIAL: Obama’s euro-style unemployment
Welfare-state mentality fosters permanent joblessness
By THE WASHINGTON TIMES
Tuesday, June 14, 2011
It’s no secret that President Obama wants America to look more like Europe. He desires expanded powers for labor unions, higher gas prices for commuters and a diminished role on the world stage. So far, he’s been effective in fostering the conditions for European-style unemployment on these shores. […]
As we speak the unemployment rate just went down. Why? Because 115,000 jobs were created – nowhere near enough to even keep pace with population growth, mind you – and 342,000 gave up trying to find a job in complete despair. We live in our own version of planet France when nobody could have a job and our president could boast of a 0% unemployment rate.
George Will pointed out a couple of facts as to just how terrible Obama is managing our economy this week on ABC’s “This Week”:
JAKE TAPPER: George, the president kicked off his campaign yesterday. Thoughts?
WILL: He kicked it off a day after we saw the emblematic achievement of the Obama administration, which is to make a decline in the unemployment rate bad news. It ticked down from 8.2 percent to 8.1 percent because 342,000 of Americans succumbed to discouragement with the Obama economy and left the economy.
Male participation rate in the economy today is lower than it has been at any time since we began keeping this statistic in 1948. Indeed, if the workforce participation rate were the same today as it was when Mr. Obama was inaugurated, the real unemployment rate would be measured at about 11 percent. That’s no record to run on.
Barry Hussein has been a jobs holocaust.
People who are graduating from college, 53 percent, do not get jobs when they graduate. We are going to lose that whole generation because, you know, when the jobs do come back, they’re going to hire college graduates just coming out.
Those idiot socialist fools deserve to suffer; it’s too dang bad the rest of the nation has to suffer along with them because of their vote for Obama four years ago.
I point out how simply godawful Obama has been for America. Two years ago, due to Obama’s wildly failed policies, the labor participation rate measuring how many working-age Americans are actually WORKING was at a 25-year low. Last year that participation rate had decreased to a 27-year low. This year it decreased to a 31-year low. Millions and millions of jobs have simply been vaporized under Obama and there is no sign that they will be coming back.
If you vote for Obama’s version of planet France, I can guarantee you that that rate measuring how many working-age Americans have any chance whatsoever of getting a job will continue to plunge.
P.S. The funniest damn thing of all is what I read after I got through writing this article but before I published it: that Obama is advising Hollande NOT to raise taxes and increase spending for the sake of the European economy. WHILE OBAMA HIMSELF IS CAMPAIGNING ON DOING THE VERY THINGS HE’S TELLING HIS FELLOW SOCIALIST NOT TO DO.