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‘Mr. Normal’ Celebrates The End Of Austerity

From an overjoyed Reuters:

Short party for Hollande after French election win

By Catherine Bremer and Alexandria Sage
May 7, 2012

PARIS (Reuters) – Francois Hollande’s honeymoon after his election as France’s first centre-left president in 17 years was cut short on Monday by jittery financial markets eager for signals on his policies and how hard he will push back against German-led austerity.

Gosh, those Germans and financial markets are mean.

The Socialist beat conservative Nicolas Sarkozy with 51.7 percent of Sunday’s runoff vote after a bruising campaign dominated by the same anger over economic crisis that has felled 10 other European leaders since late 2009

However, until this weekend, the other European leaders who were "felled" were socialists. France and Greece have slammed their countries into reverse.

Hollande, who delivered a victory speech in his rural base of Tulle in central France on Sunday before flying to Paris to address tens of thousands of supporters in historic Bastille square, admitted the festivities would have to be short-lived.

Wouldn’t the Place de la Concorde have been a better choice? Wasn’t that where they guillotined most of the rich during their glorious revolution?

"There is a lot of joy and pride but also apprehension at taking on this responsibility at a difficult time for the country and for Europe," he said.

Mr. Hollande used the word "responsibility" after having promised to lower the retirement age to 60, raise the minimum wage, and to jack up the tax on millionaires to a 75% tax rate?

"In every capital, beyond the heads of state and government, there are people who have found hope thanks to us, who are looking to us and want to put an end to austerity."

Which should be an easy feat, since France has not yet tried austerity.

But, his chief economic adviser said, the new team was not coming in to power to "hand out money"

But that was what they promised.

Hollande will travel to Berlin… to challenge Germany’s focus on austerity policies and press new ideas for stimulating growth as fears about the euro zone’s debt crisis resurface following an inconclusive election in Greece.

"New ideas for stimulation growth" = "hand out money."

The French woke up to Hollande, arms outstretched, beaming on the front pages of morning newspapers. Left-leaning daily Liberation ran the headline "Normal!" a reference to the new president’s image as a man of the people

‘Normal’ is a great nickname for him. After all, what could be more ‘normal’ than a socialist wanting to lower the retirement age, tax millionaires at 75%, raise the minimum wage and who thinks a country can tax and spend its way to prosperity?

Hollande has said he would balance the budget by the end of his five-year term

Which also sounds vaguely familiar.

The left reclaimed Bastille square where revelers had danced the night away in 1981 when Francois Mitterrand became the Socialist Party’s first directly elected president. Three decades later, a new generation of left-wing voters waved red flags

"Nobody expects that we simply arrive in power and hand out money. That doesn’t correspond to the reality of the situation." …

His plans to tweak a reform that raised the retirement age to 62 and increase the minimum wage are unsettling investors who fear France could drift away from the club of trusted northern European borrowers and towards the debt-laden periphery

Hollande’s clear win should give the self-styled "Mr Normal" the momentum to press German Chancellor Angela Merkel to accept a policy shift towards fostering growth in Europe to balance the austerity that has fuelled anger across southern Europe

We want our ‘normal’ back.

Still, the good news is that the Hollande election should light a fire under conservatives and Republicans in our country. It can happen here. In fact, it is already happening here. Obama is just waiting until he has ‘more flexibility’ after the elections to go ‘completely Hollande’ on us.

By the way, Mr. Hollande didn’t come out of nowhere. He is the former ‘Mr. Segolene Royal.’ Remember her? Segolene was the darling of our one party news media, the French Hillary Clinton, until she lost to Sarkozy in 2007.

Actually, Hollande and Segolene were never married even though they had four kids together. They considered marriage to be "too bourgeois." And now they have separated and he is ‘dating’ a journalist.’

Yep, he sounds like ‘Mr. Normal,’ all right.

This article was posted by Steve on Monday, May 7th, 2012. Comments are currently closed.

12 Responses to “‘Mr. Normal’ Celebrates The End Of Austerity”

  1. AcornsRNutz says:

    “Nobody expects that we simply arrive in power and hand out money”

    Really? From Paris to Chicago, from Athens to New Orleans, this seems to be exactly what quite a number of people expect.

  2. Astravogel says:

    If I were the French millionaires, I’d have already shipped
    my money to a more business-friendly country, say China
    or Japan, then I’d be on the next plane, or on my yacht,
    heading there.

    • Petronius says:

      The Financial Times reported that French millionaires are already leaving France.

      They are relocating to London, where colonies of French expats have settled in Belgravia, South Kensington, and other posh enclaves.


      This phenomenon is not limited to socialist France. Over 2,000 wealthy Americans left the USA last year, and over 4,000 since Nerobama was immaculated.

    • Rusty Shackleford says:

      “They are relocating to London…”

      Yes, that’ll be so much…..the same.

    • BillK says:

      Why would they relocate to the UK, which has had a “soak the rich” tax system for decades?

    • Petronius says:

      Yes, in the past many Brits have lived abroad in Spain or France to avoid high UK taxes and property costs. The Duke of Bedford, for example, was famous for having lived nearly his entire life in France although his seat was at Woburn Abbey in Buckinghamshire.

      However, the French socialists are now proposing a 75% income tax rate, whereas the highest rate in the UK is a mere 50%. The 50% rate was imposed a few years ago by the Labour Party under Gordon Brown. The Tories are attempting to repeal that tax hike and restore the ceiling to the former level of 45%––still high, but chump change compared to the French proposal.

      In addition, the City of London is the financial capital of Europe, which holds a certain attraction for these people. And from there the rich can park their money in tax havens such as the Channel Islands or the Isle of Man.

      As regards American refugees from Nerobama, two families on our street have already sold up and left. One (a retired USMC colonel and his wife) moved to New Zealand in 2009, and the other family moved to Canada in 2011.

  3. GetBackJack says:

    In my head I’m seeing the gigantic metal monster bio-synthetic lifeforms of the Speilberg/Cruise version of War of The Worlds, stomping through Boston’s Back Bay and all the people running in the streets in sheer terror.

    Now, imagine Hollande making common cause with Islam. No interest loans to keep France afloat and off the “austerity”. In exchange for God knows what for Islam ….

    C’mon, Rapture ….

  4. untrainable says:

    Hollande will travel to Berlin… to challenge Germany’s focus on austerity policies and press new ideas
    The French… to “challenge” the Germans. I’m sorry, that’s just funny. It brings to mind the old joke about the WWII French Rifle for sale. The ad reads ” French Rifle, Mint Condition, Never Fired, Only Dropped Once”. Or, “Why did they plant trees on the Champs Elysee? So the Germans could march in the shade”. Or some quotes :

    “France has neither winter nor summer nor morals. Apart from these drawbacks it is a fine country. France has usually been governed by prostitutes.” —Mark Twain

    “I would rather have a German division in front of me than a French one behind me.” —General George S. Patton

    “Going to war without France is like going deer hunting without your accordion.” —Norman Schwartzkopf

  5. Anonymoose says:

    Press for growth? I guess that’s the new buzzwords. Austerity is “bad” so if we “grow” then all is good. Solves the whole problem. But how? Private industry–not when the industrialists and financiers are taxed to death, or when the outside investors are hit with regulations on everything from the environment to offering cradle to grave employment security.

    More government jobs and government owned industry? Sure, as long as they keep money coming in to fund it all. I guess “growth” means Germany supporting more and more of a burden. But eventually the tax money is gone, and nobody will want to buy bonds that are junk. Well, unless they want to buy and own France.

    Want to buy an Eiffel Tower?

  6. mr_bill says:

    “In every capital, beyond the heads of state and government, there are people who have found ,b>hope thanks to us, who are looking to us and want to put an end to austerity.”

    That’s all these statists ever peddle….”hope.” They never deliver anything that actually improves the conditions of the country. They want to be judged by their dubiously stated intentions, never on the actual results of their leviathan governments. Statists squander huge amounts of other peoples’ money to deliver “free” this or “free” that, but nobody ever [objectively] asks, are we, as a nation, better off after it. France just took a big bite of the bullshit sandwich that is socialist “hope” and it will ruin what is left of their country.

    “Hope” is just as much a ubiquitous mantra to socialists and marxists as “Forward.”

  7. artboyusa says:

    “Wouldn’t the Place de la Concorde have been a better choice? Wasn’t that where they guillotined most of the rich during their glorious revolution?”…that’s where the Sarkozy celebration was supposed to be held, on the Place, so it wasn’t available. The Hollande party was over at the Bastille (get the symbolism?).

    This talk of “austerity” is a bit of a red herring. No Euro government, not even the UK, has actually done anything “austere”. They’ve made proposals which amount to “going broker less fast” but that’s about it. Europe is so addicted to living on other people’s money, though, that even talking about spending cuts is considered dangerously radical. Me, I’m loving it. The Euro is losing against the pound every day, which means more trips to Paris and more excellent wine and cheese and French goodies for cheap money for Madame Artboy et moi.

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