Socialism Returns to France

[Ibanez]

http://www.bbc.co.uk/news/world-europe-17975660" onclick="window.open(this.href);return false;

He got about 52% of votes in Sunday's run-off, according to early projections, against 48% for centre-right incumbent Nicolas Sarkozy.

Mr Sarkozy has admitted defeat, saying: "Francois Hollande is the president of France and he must be respected."

Analysts say the vote has wide implications for the whole eurozone. Mr Hollande has vowed to rework a deal on government debt in member countries.

It will be interesting to see how this plays out.

[Pwns]

All right, Hollande, what is your proposed alternative to the austerity?

[Ivytalk]

As one of the Lampoons (either Harvard or National) once put it in "Vichy Magazine": Debilite, passivite, timidite! Mainejeff will know where to place the appropriate accents.

[Baldy]

What little bit of money that's left in France is gonna fly overseas now.

[BlueHen86]

All right, Hollande, what is your proposed alternative to the austerity?

Invade Germany, surrender and then let Germany rebuild the French economy.

[CID1990]

As one of the Lampoons (either Harvard or National) once put it in "Vichy Magazine": Debilite, passivite, timidite! Mainejeff will know where to place the appropriate accents.

That is teh funny.


Sent from my iPhone using Tapatalk while driving on the interstate and brushing my teeth.

[HI54UNI]

What little bit of money that's left in France is gonna fly overseas now.

http://www.ft.com/intl/cms/s/0/278412e6 ... z1u8qyCDLc

[Pwns]

Brace yourselves. Market turbulance ahead. It's already started in Asia.

http://www.bloomberg.com/news/2012-05-0 ... -poll.html" onclick="window.open(this.href);return false;

[CitadelGrad]

I hope the German and British banks have insulated themselves from France like they did with Spain and Italy. This is going to be a shit storm.

[CAA Flagship]

Great Headline.

[CAA Flagship]

[Ibanez]

Great Headline.

How many times have the reused THAT HEADLINE?

Seriously, The Euro was set up for failure. Mutliple economies, multiple budgets, multiple political and economic ideals all using the same currency was a bad idea.

[Seahawks08]

I hope the German and British banks have insulated themselves from France like they did with Spain and Italy. This is going to be a **** storm.

Britain's already in a shit storm with their double dip recession.

[kalm]

Trickle down fail.

[GannonFan]

Trickle down fail.

Of course, that failure was preceeded by a massive trickle up failure, so it would seem that the partisan idea of either philosophy in complete isolation from the other is a course for failure.

[kalm]

Trickle down fail.

Of course, that failure was preceeded by a massive trickle up failure, so it would seem that the partisan idea of either philosophy in complete isolation from the other is a course for failure.

Don't disagree. Keynes was right in that austerity should occur during times of growth. That seems to be a big part of the problem here. The middle class is dangerous, especially once you show them how good life can be. They might just throw the cake back in your face.

[Ivytalk]

Of course, that failure was preceeded by a massive trickle up failure, so it would seem that the partisan idea of either philosophy in complete isolation from the other is a course for failure.

Don't disagree. Keynes was right in that austerity should occur during times of growth. That seems to be a big part of the problem here. The middle class is dangerous, especially once you show them how good life can be. They might just throw the cake back in your face.

The Mass of Moderation strikes again!

/thread

[kalm]

Don't disagree. Keynes was right in that austerity should occur during times of growth. That seems to be a big part of the problem here. The middle class is dangerous, especially once you show them how good life can be. They might just throw the cake back in your face.

The Mass of Moderation strikes again!

/thread

Keynes, French Revolution, the hoi poloi - plenty of bones for a conk to pick in there.

[Baldy]

Of course, that failure was preceeded by a massive trickle up failure, so it would seem that the partisan idea of either philosophy in complete isolation from the other is a course for failure.

Don't disagree. Keynes was right in that austerity should occur during times of growth. That seems to be a big part of the problem here. The middle class is dangerous, especially once you show them how good life can be. They might just throw the cake back in your face.

Keynes also thought that deficit spending shouldn't occur in time of growth either, but we see how so-called modern day "Keynesians" don't ascribe to those ideals any more.

"I find myself more and more relying for a solution of our problems on the invisible hand which I tried to eject from economic thinking twenty years ago."
--John Maynard Keynes
April 11 1946

[kalm]

Don't disagree. Keynes was right in that austerity should occur during times of growth. That seems to be a big part of the problem here. The middle class is dangerous, especially once you show them how good life can be. They might just throw the cake back in your face.

Keynes also thought that deficit spending shouldn't occur in time of growth either, but we see how so-called modern day "Keynesians" don't ascribe to those ideals any more.

"I find myself more and more relying for a solution of our problems on the invisible hand which I tried to eject from economic thinking twenty years ago."
--John Maynard Keynes
April 11 1946

Totally agree.

[Rob Iola]

All right, Hollande, what is your proposed alternative to the austerity?

Invade Germany, surrender and then let Germany rebuild the French economy.

That's pretty much what all of Europe has done under the Euro umbrella - and now that Germany has linked austerity measures to the bailout packages, the peasants are revolting...

[Ivytalk]

Invade Germany, surrender and then let Germany rebuild the French economy.

That's pretty much what all of Europe has done under the Euro umbrella - and now that Germany has linked austerity measures to the bailout packages, the peasants are revolting...

They've always been revolting!

France: What the U.S. will be like in 5 years. Minus the muslins.

[Ibanez]

That's pretty much what all of Europe has done under the Euro umbrella - and now that Germany has linked austerity measures to the bailout packages, the peasants are revolting...

They've always been revolting!

France: What the U.S. will be like in 5 years. Minus the muslins and the smell.

FIFY

[kalm]

That's pretty much what all of Europe has done under the Euro umbrella - and now that Germany has linked austerity measures to the bailout packages, the peasants are revolting...

They've always been revolting!

France: What the U.S. will be like in 5 years. Minus the muslins.

Don't make me pull out Taibbi's prophetic "googley eyed peasant" screed from 4 years ago.

[CitadelGrad]

Don't disagree. Keynes was right in that austerity should occur during times of growth. That seems to be a big part of the problem here. The middle class is dangerous, especially once you show them how good life can be. They might just throw the cake back in your face.

Keynes also thought that deficit spending shouldn't occur in time of growth either, but we see how so-called modern day "Keynesians" don't ascribe to those ideals any more.

"I find myself more and more relying for a solution of our problems on the invisible hand which I tried to eject from economic thinking twenty years ago."
--John Maynard Keynes
April 11 1946

Neo-Keynesians aren't Keynesians at all. They are socialists. The Left has embraced the government stimulus aspect of the Keynesian model because it justifies their expanding government and governmental control. They have conveniently forgotten the other side of the Keynesian model.

Keynes was never a socialist, as many socialists like to claim. He was a lifelong member of the Liberal Party. He rejected the approaches of the Labour Party, who wanted to make Keynes the face and voice of British socialism.