Nrom wrote:
except when Hollande is close to winning the French stock market plunged and everyone is looking nervously at Europe and getting ready 2 ship off their monies to faraway lands so idk if I'd call them 2 parties that r the same.
Or maybe it plunges because we're insolvent, our banks are broke (as in they are levered 30x and have run out of shitty collaterals to get ECB loans) and we're already in recession. Just sayin'
If France was is a good shape markets wouldn't plunge so blaming it on a possible election outcome and possible policies that would follow is just plain stupid.
Why France is in bad shape is mostly because the right has the power since 10 years and while effectively cutting state employment, they spent much more than what they spared in wars, bailouts, fiscal presents to their rich friends and shit. A lot like Amerikkka.
Sarko is responsible for 500-600 billions more debt during his reign, if cutting on state employment is the right thing to do, where did that fucking money go I ask you? We should have reduced our debt, right?
Hollande wants to spend on state employment which sounds insane atm for outsiders and people that have a short view of how things work. Sarko spent much more, quietly, for banks and multinationals bailouts, add to that massive fiscal advantages to the very rich people and companies, while silently dismantling what makes France one of the best countries in the world to live, its public hospitals, schools, libraries etc. thus producing more unemployment. And we know how unemployed people contribute to economic growth right?
That the market reacts badly to the possibilty that they won't get bailed out as much, and that multinationals may not get all what they want, education, health etc. is surprising to you?
Mr average frenchman just thinks : reducing state employment doesn't work, in fact it has worsen our educational system, health system, and produced more unemployment while our debt is still skyrocketing. The privatized markets are handled to multinationals anyway who employ people in india, have their money on little safe islands and don't pay taxes here, no benefits for France itself. Wrong way, get out while it's still time. I'd rather have my taxes used to get more teachers in public schools (atm they handle 40-50 pupils each, was 25-30 ten years ago) than for a Credit Agricole bailout, war in Lybia or a new rolex for Mr President (don't forget we are
all aware here how he put a 25.000 Euros coffee machine in his Air Sarko 1 plane, along with 75.000 Euros pizza hovens, all with public money, and the list goes on and on and on and on)
Would you rather have 100k state employees contributing to the welfare and economy of the state, especially teachers who are of utmost important for the future, or 100k unemployed depressive alcohoolics? What costs more at the end of the day? It has to be balanced for sure, a state cannot employ all the nation's people but going full liberal (privatize everything) simply does not work and is based on lies and distorted, simplistic maths that only benefits to stateless people/capitals, aka mondialist vampires. That is the public perception based on last 10 years mismanagement. It's bad because ultimately people don't understand we need to reduce the state's weight in our economy, but who can blame them when all they see is that the money supposedly spared is spent 3x on bullshit that always go to the .001% elsewhere?
At this point the Sarko/Hollande debate is pretty pointless anyway imho. Sarko or Hollande, either will get burned by the incoming borrowing rates explosion / massive bailouts needed for Spain and we'll either get an IMF/GS technocrat apointed to get the job done ala Greece/Italy (reimburse the big sharks first, even if that means completely screwing the little people) or a revolution.
Btw Sarko and Hollande might not look the same from an outsider point of view, but they are just two faces of a corrupt system that has denied us the right to print our own money, and is happy to print at convenience for themselves and their friends while the little people are having a hard time to understand why the price of noodles tripled in 5 years while their salary only grew by 5% and why the ECB lends trillions to banks at 1% while we must borrow from markets at 3-4, and soon 6-7%. None of the candidates except Marine Le Pen mentions this "detail", ever. That's called maintaining the Status Quo. The people better not know/really understand where the money they get for their hard work comes from, and what the people who have the printer are doing with it or it will be a shitstorm.