Will the conservative loss clear the way for recovery?

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French President Francois Hollande's Socialist Party won a solid majority in parliamentary elections Sunday, polling agencies projected, fortifying Hollande in his push for governments to spend money — not cut budgets — to tackle Europe's economic crisis.


Former President Nicolas Sarkozy's conservatives, who dominated the outgoing National Assembly, suffered a stinging loss, according to all estimations.


Hollande has said his first priorities for the new parliament include postponing a balanced budget until 2017, raising income taxes to 75 percent for those who earn more than €1 million ($1.26 million) a year, and hiring 60,000 new teachers.


The Sarkozy government had imposed cuts on the education sector.



Under Sarkozy, France joined Germany in favoring government austerity measures instead of stimulus programs as the antidote to the continent's debt troubles...


In a well-off area of central Paris, voter Eve Baume said she cast her ballot for the local Socialist, Claire Morel, "because I've been waiting for change for a long time. ... Also I wanted to support Francois Hollande, the government and its projects."



Pascal Albe, a voter from the working class Paris suburb of Ivry-sur-Seine, said that though he generally votes for the right, Hollande should have a Socialist-led parliament. "Otherwise the country will be paralyzed, and especially now, we don't need that," he said.






http://www.google.com/hostednews/ap...MyXgzg?docId=663068f21d464116ba0f9a5f7d2a742c
 
Hollande has benefited from anti-Sarkozy fervor, with some voters saying their choice was more a vote against him than one for Hollande.
Stephanie Debaye, 32, said she was voting for Sarkozy's departure.

"On behalf of my compatriots, I felt quite insulted. He was so aggressive. I hope things will calm down," Debaye said outside a polling station.

Another Paris voter highlighted this anti-Sarkozy vote, saying she's backing Hollande, even though his program is "suicidal."

"He'll raise the minimum wage, increase civil servants. But France is already in debt," said Florence Macrez. His fiscal reform project will only increase the pressure especially on the middle class, she added.
_________________________________________________________(From an MSNBC article)

:facepalm:
 
\\()// said:
French President Francois Hollande's Socialist Party won a solid majority in parliamentary elections Sunday, polling agencies projected, fortifying Hollande in his push for governments to spend money — not cut budgets — to tackle Europe's economic crisis.


Former President Nicolas Sarkozy's conservatives, who dominated the outgoing National Assembly, suffered a stinging loss, according to all estimations.


Hollande has said his first priorities for the new parliament include postponing a balanced budget until 2017, raising income taxes to 75 percent for those who earn more than €1 million ($1.26 million) a year, and hiring 60,000 new teachers.


The Sarkozy government had imposed cuts on the education sector.



Under Sarkozy, France joined Germany in favoring government austerity measures instead of stimulus programs as the antidote to the continent's debt troubles...


In a well-off area of central Paris, voter Eve Baume said she cast her ballot for the local Socialist, Claire Morel, "because I've been waiting for change for a long time. ... Also I wanted to support Francois Hollande, the government and its projects."



Pascal Albe, a voter from the working class Paris suburb of Ivry-sur-Seine, said that though he generally votes for the right, Hollande should have a Socialist-led parliament. "Otherwise the country will be paralyzed, and especially now, we don't need that," he said.






http://www.google.com/hostednews/ap...MyXgzg?docId=663068f21d464116ba0f9a5f7d2a742c
Click to expand...

a message that the usa would do well to hear and understand
 
Has the conservative plan to give tax cuts to the rich and lay off government workers ever produced prosperity?
 
Can anyone cite an example of tax cuts, austerity and layoffs leading to prosperity?
 
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