Barack Obama has been hard at work pressuring European leaders to ease up on fiscal austerity during the Camp David weekend G8 summit. Since Obama has no commitment to belt-tightening, his concern centers on his own upcoming reelection bid as he promises government-run health care and college educations for all.
German Chancellor Angela Merkel has pushed austerity as a means of bringing down huge debt levels that are burdening European economies. But furious Europeans, long used to government nannism have fought spending cuts. The euro currency is further destabilized as Greece tries to survive its massive debt crisis.
On May 6, the want-it-all, anti-austerity French voters ousted conservative French president Nicolas Sarkozy and elected Socialist Francois Hollande— who has pledged to defy Europe’s austerity trend.
The French, whose 35-hour work week and eight weeks of vacation is de rigueur, consider Americans “workaholics.” Their shortened work week actually affords French workers 22 extra days a year. Retirement comes at age 60 for most, with exemptions allowing some jobs to offer generous pensions to those age 50. Pensions for private-sector employees average 85% of the their final net salary, 100% for low-income earners and 65% for high earners. Women in the workforce accrue two years per child. Their program, not unlike American Social Security, is unsustainable. As life expectancy increases the European birth-rate has plummeted to numbers below replacement, resulting in fewer workers to maintain the program. Money collected from younger workers is not invested, as with Social Security (also in deep trouble), but immediately redistributed to retirees.
The French tossed out Sarkozy not because he was taking away the generous perks, but because he wanted the country’s citizens to tighten their belts.
Interestingly, the newly elected Socialist President Francois Hollande acknowledges it is vital to limit immigration. “In the period of crisis we are going through, limiting economic immigration is necessary and essential,” he said. “I also want to fight illegal immigration on the economic front. It is not right that a certain number of employers, in a cynical way, are hiring illegal migrants,” he said. Both he and ousted President Sarkozy vowed to “defend the French way of life, reduce immigration and secure France’s borders.”
Sound familiar?
This photo is worth a thousand words. It was taken during election night celebrations at La Bastille Plaza in Paris. You’ll notice the dearth of French flags. The other flags? Palestinian (2 flags top right +1 center left), Algerian, Turkish (towards center of photo), Syrian (left side of photo, below Palestinian flag), Moroccan (star in center), and European union flag. The other flags include Syndicates or Unions’ flags.
The face of France is changing. French no longer predominate in their own country. But the replacement revelers clamor for even more nannism, fewer hours of work, greater benefits and a larger trough to rut at.
Last year we reported on the riots in Great Britain as a crowd estimated at near 500,000 teachers, nurses, firefighters, National Health Service workers, other public sector employees, students and pensioners from across the UK took to the streets of London in violence-laced demonstration where union officials condemned “brutal” cuts in jobs and services. At issue was privatizing the unsustainable, publicly funded National Health Service.
Is Obama tone deaf?

Posted by seeingredaz 