Responsibility is bitter, and the French have decided to spit it out and vote for unicorns and bunnies instead. Hollande defeated Sarkozy and is promising all sorts of spending and soaking the rich. In short, they’re about to enjoy some Obama and just like us, they can’t afford it.
If at this point Hollande does control government to a degree where no one can stop him until they’re utterly disgusted with him, there’s no call for him to moderate. The left isn’t just talking and they’re more than happy to take huge left turns, especially if Hollande has a mandate for it in France. If Hollande is a socialist true believer, there’s going to be some real pain there before its over.
Businesses in particular may not want to cooperate. Working hard to run a business so they can be soaked for three-quarters of what they make doesn’t give the socialist unicorns and bunnies any practical appeal. Obama’s certainly not eager to let France help Greece give the world a lesson on how the unsustainable ends.
News and Commentary link credits: Michelle Malkin’s blog, Cold Fury, Investment U