"Socialist candidate Francois Hollande defeated conservative Nicolas Sarkozy to become France's next president, heralding a change in how Europe tackles its debt crisis and how France flexes its diplomatic muscle around the world."
"François Hollande's victory in France offered a stiff rebuke to Germany's austerity regime, but the new president faces challenges in delivering on his campaign's pro-growth rhetoric.
French president-elect Francois Hollande reacts to supporters with his companion Valerie Trierweiler while celebrating his election victory in Bastille Square in Paris, France, Sunday, May 6, 2012. France handed the presidency Sunday to leftist Hollande, a champion of government stimulus programs who says the state should protect the downtrodden - a victory that could deal a death blow to the drive for austerity that has been the hallmark of Europe in recent years.
Speaking from the Bastille last night, Hollande gave a clear sense of how he sees his victory: It signaled, he said, a "fresh start for Europe"- an indication that austerity is not be the continent's destiny. The new French president has set off tremors in Berlin by arguing for stimulus spending to revive Europe's ailing economy and calling for eurobonds to finance large infrastructure projects. Hollande has also pledged to veto the German-inspired fiscal compact, which would bind its 25 signatories to stringent budgetary rules, unless it is complemented by measures to promote growth and employment.
All this will doubtless be on the table when Hollande meets Angela Merkel after being sworn in on May 15 or 16. Merkel worked closely with Sarkozy in tackling (or failing to) the European debt crisis and openly supported him against his socialist challenger. As leader of Europe's economic powerhouse and its reluctant financial rescuer, she has proved a stubborn player. Her government's commitment to austerity and structural reform as the only medicine for the eurozone's ills has been adamantine-it will be hard for Hollande to find ways to crack her. On the other hand, he has invested too heavily in his credentials as an anti-austerity champion (on a pan-European level) to yield easily; he is mindful, among other things, of past instances in which French political candidates promised a change of course only to quickly bow to Berlin once elected. Parliamentary elections on June 10 and 17, in which Hollande hopes the socialists will earn an absolute majority, will also contribute to a robust negotiating stance."
The Socialists are coming! The Socialists are coming! Everyone hide your wallets and mattress's and bank accounts, Swiss bank accounts while they're still available! Quick, hurry before you see the Socialists take what's ever left of your personal finances.
Well, this is France, so the French are use to having Socialists in power, perhaps even like it. They pay high taxes with smiles on their faces and then complain when they are only taxed 50, 60 or 70%. And say: "No, I can give you more, I'm not completely broke yet. Quick, take the rest of my money, before I do something with it like pay the rent, buy groceries or actually enjoy life."
This is France with a lot of opportunities to do that, most of them legal by the way. If Socialists came to power in America or someone who is not a Socialist, but where there are millions of Americans dumb enough to believe he is a Socialist, ( are you getting warmer, have you figured out who I'm talking about yet ) there would be riots in the streets.
If there were actually real Socialists coming to power in America, let's say the so-called Progressive Caucus (another way of saying Democratic Socialists of America, to me more accurate ) came to power in Congress and one of their members gets elected President and if we are going to imagine this, (let's also imagine a July blizzard in Phoenix, Arizona about the same odds) there would not only be riots in the streets but people fleeing to other countries. And to them a foreign country would be Hawaii or Puerto Rico. And then they would be shocked that the people there speak English.
Americans, go out-of-their-way to not pay taxes, wouldn't surprise me if most of the Swiss bank accounts are owned by Americans. With Americans shoving the Swiss out-of-the-way to get a Swiss bank account. We cry for days after filing our tax returns, going: "If only I had that money that Uncle Sam took from me, what I could've spent it on." Just some of the differences between France and America.
When Socialists come to power in France, it's a cause of celebration. When Conservatives come to power in France, the people there freak out and complain about the Populist Party trying to transform France into America. And freak out about having to make more decisions about their lives. "Oh no, more freedom! What am I going to, I can't take this! I need the Federal Government telling me what to do!" Just some of the differences between the two countries.