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NYT: Hollande’s Socialism Fits Obama Better

From a joyeux New York Times:

Change in Paris May Better Fit U.S. Economic Positions

May 7, 2012

WASHINGTON — With the victory of the Socialist candidate, François Hollande, in the French presidential election, the White House has lost one of its closest allies on the Continent, but perhaps gained one with economic policy beliefs more closely aligned with its own.

Huh? Mr. Obama has never viewed President Sarkozy as an ally. Mr. Sarkozy is pro-American.

Mr. Hollande is virtually unknown in Washington, and his policy positions on both domestic and international affairs remain only lightly sketched out. That is in stark contrast to the departing president, Nicolas Sarkozy, whose frequent discussions with and ardent defense of the White House earned him the nickname “Sarko the American” back home.

That was the Bush White House Mr. Sarkozy defended.

But in the past few months, Mr. Sarkozy has parted from the White House in his support of the German-led austerity project in the debt-soaked euro zone, a project that the White House objects to on the grounds that cutting budgets too soon will lead to sluggish growth and high unemployment across Europe without satisfying the demands of skittish bond investors.

After all, look at how America’s economy is booming after the trillions of taxpayer dollars Obama has squandered in stimulus.

Mr. Hollande, in contrast, ran on a promise of rebalancing Europe away from austerity and toward growth, and his narrow victory is seen in Washington as a public rejection of governments imposing strict cuts on battered economies.

And not as a temper tantrum by selfish voters who want something for nothing

“Austerity need not be Europe’s fate,” Mr. Hollande said shortly after his victory. To that end, he has said he plans to renegotiate the fiscal pact Europe struck this winter to allow for more budgetary breathing room for countries that can still borrow money to support themselves at reasonable rates on the debt markets.

Ever notice how leftists never honor any "pacts"?

He also supports measures to support growth by, for instance, bolstering infrastructure spending

What is the French phrase for ‘shovel ready jobs’?

“The [Obama] administration hopes, in broad terms, that this election will change the conversation,” said Edwin M. Truman, a senior fellow at the Peter G. Peterson Institute for International Economics. “In principle, you’d be saying, ‘Don’t tighten your belt!’ to the countries with the scope to do so,” Mr. Truman said.

Remember, Obama promised "a new era of fiscal responsibility." Which apparently means we can have our cake and eat it, too.

Mr. Hollande seems “naturally more palatable to the administration,” said Justin Vaïsse, the director of research for the Center on the United States and Europe at the Brookings Institution. The administration seems to reason that “Europe probably has a better chance of avoiding a breakup or another renewed sovereign debt crisis by focusing on growth, rather than just sticking to austerity,” he said

Which is a brilliant solution. Just think, if it weren’t for Mr. Obama and Mr. Hollande, nobody would have ever thought of trying to grow the economy.

And increasing taxes on corporations and ‘the rich’ so that the government can increase social welfare spending will grow the French economy like gangbusters. Just look at how it is working for us.

Observers said that though Mr. Hollande was likely to hew closer to the Obama administration on economic issues, he would almost certainly move further away from it on foreign and military policy

What a laugh. Mr. Hollande is surely closely aligned with with Obama here, too. Lest we forget, back in November 2007, Mr. Sarkozy gave a stirring address to a joint session of Congress.

He spoke about how much he loved America. He also promised that France would stay the course in Afghanistan, and help us prevent Iran from getting nuclear weapons. Neither of which comports with the views of the current occupant in the White House.

This article was posted by Steve on Tuesday, May 8th, 2012. Comments are currently closed.

2 Responses to “NYT: Hollande’s Socialism Fits Obama Better”

  1. tranquil.night says:

    You say “you’re wrong, you’re wrong, I’m right, I’m right,”
    You’re wrong, we fight.
    Ok, we’re running from the light, running from the day to night.
    Oh, the quiet silence defines our misery.
    The riot inside keeps trying to visit me.
    No matter how we try, it’s too much history;
    Too many bad notes playing in our symphony.
    So let it breathe, let it fly, let it go.. Let it fall, let it crash, burn slow.
    And THEN you call upon God?

  2. yadayada says:

    Socialist candidate, François Hollande, economic policy beliefs closely aligned with White House.
    any questions?

    I can’t beleive how flagrant (and descriptive) this first sentence is in this article.
    not even attempting to sugar coat it any more.

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