Sarkozy - DEFEATED!!!!

[WoodPeckr]

I don't think I want to check the market tomorrow morning !!!!!!!

LOL!!!
That DOES seem to be the GOP 'game plan'!!!
To do all they can to farkup and stall the US economy, them blame Obama hoping the sheeple have been sufficiently 'Dumbed Down' and believe them!.....

 

[nottyboi]

I don't think I want to check the market tomorrow morning !!!!!!!


FAST

Fuck the market... lol...

 

[msog87]

the so called conservative sarkozy couldnt control spending, these socialists are going to rack up debt. germany better go back to the deutschmark and tell these nutjobs to go fuck themselves. the market will tank french bonds soon enough and if the ecb rescues them it cannot do it forever otherwise we get hyperinflation in europe austerity is the only option either take the medicine now or later. the easy thing to do is promise the voters a free lunch and the french were stupid enough to believe their bullshit

 

[oil&gas]

Now we can compare how well, say, England does (2 years of austerity) or Spain vs France.
Will austerity lead to growth, or will a more equitable, responsible government lead to growth?

If a more equitable and responsible government is one that is going to stimulate
economic growth through deficit spending then austerity is the lesser of the two
evils. I do reckon that austerity would NOT led to growth. OTOH all promises
of more spending could accomplish, aside from buying votes, is just to postpone
the day of reckoning.

 

[groggy]

If a more equitable and responsible government is one that is going to stimulate
economic growth through deficit spending then austerity is the lesser of the two
evils. I do reckon that austerity would NOT led to growth. OTOH all promises
of more spending could accomplish, aside from buying votes, is just to postpone
the day of reckoning.

So far its been the left that's been more responsible financially. There is a chance that the new taxes on the wealthy will keep the changes from being 'deficit spending'. The only reason its been an issue is because the right has been busy slashing taxes and killing revenue. Deficit spending has been a constant result from the slashing right wing from Reagan and Thatcher to Harper here.

 

[danmand]

It was expected, apparently all of Europe isn't ready to face reality yet.... the kids credit cards will have to take a bit more pain to allow the old to retire at 60....

OTB

Spoken as an american. LOL

 

[james t kirk]

the so called conservative sarkozy couldnt control spending, these socialists are going to rack up debt. germany better go back to the deutschmark and tell these nutjobs to go fuck themselves. the market will tank french bonds soon enough and if the ecb rescues them it cannot do it forever otherwise we get hyperinflation in europe austerity is the only option either take the medicine now or later. the easy thing to do is promise the voters a free lunch and the french were stupid enough to believe their bullshit

While I understand your sentiment, the fact of the matter is that Germany (whether it likes it or not) is not an Island. Germany is tied to the rest of Europe and in a way, it (Germany) needs to rest of the Europe to buy its goods.

Believe it or not, the Euro has bennefited Germany the most with its economy having increased 48 percent since the introduction of the common market.

 

[james t kirk]

From what I have seen of the Europeans, none of them really want to address the root causes of their debt and that is their overly generous social programs.

1. Retirement age of 55 (or even 50 in some instances in Greece)

2. Free University Education

3. Free Daycare

4. Too much Healthcare (Dental and even Pharmaceutical)

They have beat around the bush, but they really have not rolled back anything that costs the serious dough.

 

[james t kirk]

But what is really important:

Anybody hazard a guess how long it will be before Carla Bruni discards Sarkozy like a used tampon?

I give him 12 to 18 months max.

 

[msog87]

While I understand your sentiment, the fact of the matter is that Germany (whether it likes it or not) is not an Island. Germany is tied to the rest of Europe and in a way, it (Germany) needs to rest of the Europe to buy its goods.

Believe it or not, the Euro has bennefited Germany the most with its economy having increased 48 percent since the introduction of the common market.

the euro hasnt helped germany maybe for a short while at first...germany has been the boss in europe long before the euro came around. the euro benefits the rest of the EU much more than it does germany. the euro allowed all these countries to pile on debt, now germany has to clean up the mess. the euro is a doomed currency as is the u.s. dollar the question is who falls first.

 

[msog87]

But what is really important:

Anybody hazard a guess how long it will be before Carla Bruni discards Sarkozy like a used tampon?

I give him 12 to 18 months max.

sarkozy will be able to make a comeback since the new govt will destroy the country. they already lost their AAA rating and if they start spending more they will end up junk eventually maybe just in time for the next election

 

[fuji]

Msog James analyzed it correctly. Germany saw a larger boost to its economy following the addition of the euro than other counties did, therefore Germany benefits more from it.

As Germany is a manufacturing export economy it should be obvious why that is.

You are confusing absolute versus relative performance which really just says you ought to take s remedial course in economics.

 

[msog87]

Msog James analyzed it correctly. Germany saw a larger boost to its economy following the addition of the euro than other counties did, therefore Germany benefits more from it.

As Germany is a manufacturing export economy it should be obvious why that is.

You are confusing absolute versus relative performance which really just says you ought to take s remedial course in economics.

if germany saw a "boost" to its economy bc the other EU nations were spending like crazy buying their exports due to low interest rates thanks to the benefit of being in the EU...it was an artificial unsustainable boom. there was also a credit bubble in america im sure many americans were buying BMW'S as were rich asians.

 

[fuji]

if germany saw a "boost" to its economy bc the other EU nations were spending like crazy buying their exports due to low interest rates thanks to the benefit of being in the EU...it was an artificial unsustainable boom. there was also a credit bubble in america im sure many americans were buying BMW'S as were rich asians.

Your ignorance is on display again. You might want to check when the euro was adopted and which counties are Germany's largest trading partners.

 

[FAST]

Reality

LOL!!!
That DOES seem to be the GOP 'game plan'!!!
To do all they can to farkup and stall the US economy, them blame Obama hoping the sheeple have been sufficiently 'Dumbed Down' and believe them!.....

There is NO GAME PLAN, the market responds to DUMB people doing DUMB things.

Plus, what the loony left never want to admit is, the stock market is were your retirement comes from , wether its government hand outs to civil servants, government run pension plans or the teachers pp, without returns on investments, .......could not exist.


FAST

 

[dirk076]

Sometimes, the "socialists" are far better at balancing the books than the conservatives.

Case in point would be the Chretien Liberals (with Paul Martin guiding the ship) did far more to address the Canadian deficit than ever did the likes of Mulroney or Harper.

QUOTE]

And the myth is repeated again. As John Turner said after Trudeau left office, "the cupboard was bare". Mulroney did the unpopular gruntwork to get the country moving again. Michael Wilson implemented the policies that allowed for a large portion of the deficit reduction, ie.; GST. Martin then balanced the books on the backs of the Provinces through cuts (that the Harper Conservatives for the most part have reversed). These cuts and Bob Rae's recklessness were reason Mike Harris had to take a hatchet to Ontario's bloated budgets. Again overlooked by the left.

But continue to make shit up. It is entertaining.

 

[canada-man]

From what I have seen of the Europeans, none of them really want to address the root causes of their debt and that is their overly generous social programs.

1. Retirement age of 55 (or even 50 in some instances in Greece)

2. Free University Education

3. Free Daycare

4. Too much Healthcare (Dental and even Pharmaceutical)

They have beat around the bush, but they really have not rolled back anything that costs the serious dough.

they tax the wealthy in order to pay for those programs unlike the conservatards over here than cut their taxes, give them corporate welfare and tax breaks

 

[dirk076]

they tax the wealthy in order to pay for those programs unlike the conservatards over here than cut their taxes, give them corporate welfare and tax breaks

And the wealthy who employ them, move their money, jobs and companies to jurisdictions that appreciate job creation.

 

[canada-man]

And the wealthy who employ them, move their money, jobs and companies to jurisdictions that appreciate job creation.

that's right wing propaganda recent evidence showing cutting taxes for the wealthy and corporations don't lead to trickle down effects and job creation

back in the 1950s in the U.S.A the wealthy pay over 70-90% tax rates and nobody was outsourcing jobs.

 

[fuji]

And the wealthy who employ them, move their money, jobs and companies to jurisdictions that appreciate job creation.

That's a myth that the wealthy create jobs. Market demand creates jobs and it is primary the middle class that generates demand. The wealthy are just middle men.