Obama loves referencing Europe as a model for the United States.
So what he can’t point to a single European economy that is better than the one he inherited, that doesn’t mean Europe’s failures aren’t relevant. In fact, the failures of Europe’s economies only means that their tactics haven’t been tried by him.
France is a good example. Along with France’s Muslim problem, one Obama mimics on America, he has also brought their tactics for dealing with the economy.
According to one report I read, French President Francois Hollande pledged recenlty to redefine France’s business model. Further, he declared what he called “a state of economic and social emergency,” unveiling a 2-billion-euro ($2.2 billion) plan to revive hiring and catch up with a fast-moving world economy. In other words, his plan of socialism has failed, and he needs to pump money into his economy fast.
Hollande is the socialist who replaced Sarkozy who had began implementing strict financial guidelines for France. Sarkozy also was the man who began kicking out radical Islamists from France. How dumb was he!
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As for Hollande, he’s selling his new plan by letting the French know that they will still get to keep their 35-hour workweek.
In speaking to business leaders, Hollande laid out plans for training half a million jobless workers, greater use of apprenticeships, and aid for companies that hire young workers. All great ideas if you can create jobs, and this rhetoric sounds just like his U.S. counterpart, Barack Obama.
And like Obama, Hollande’s Socialist government has struggled to boost long-stagnant French growth or reduce chronic unemployment, which has been around 10 percent for years. Unlike Obama, Hollande doesn’t have the ability to manipulate the numbers.
Hollande’s political future rides in the balance, as he will not have a second term, unless things change dramatically soon. If only he were half black!
Hollande stressed the urgency of updating France’s labor-friendly business model in an increasingly border-free, online economy. The measures included a loosening of France’s rigid working time rules, and a bonus of 2,000 euros to small businesses that hire young people.
The fact is clear: socialism doesn’t work. But that won’t stop socialists from trying to force it to work!