France's Hollande: Sarkozy underplayed budget woes (Hussein II - here we go again)

Yahoo ^ | 5/11/12

[Libloather]

France's Hollande: Sarkozy underplayed budget woes
Associated Press – 8 hrs ago

PARIS (AP) — French President-elect Francois Hollande suggested Friday that the government of outgoing leader Nicolas Sarkozy underestimated the country's budget problems and wants a new audit of France's books.

But Hollande, a Socialist elected Sunday to lead the world's fifth-biggest economy, said that wouldn't hurt his ability to fulfill campaign pledges. Those include higher taxes on the rich, thousands of new teaching jobs and freezes on some government spending.

And Hollande stuck to his own deficit reduction goals despite new European Union figures released Friday that paint a bleak picture for France and the whole eurozone.

"I have known for several weeks that there was a greater degradation than the outgoing government said there was. We conclude that this is a confirmation," Hollande told reporters in the central city of Tulle.

[Libloather]

Socialists will be socialists.

Obama: I couldn’t cut the deficit in half because recession was worse than I thought

[Vince Ferrer]

Its the Bill Clinton bait and switch. Campaign on a middle class tax cut, wait thirty day after inaguration, and announce a tax increase instead.

Sorry suckers, he had no intention of keeping his promises. We now return to your regularly scheduled collapse.

[ClearCase_guy]

[kabar]

You nailed it. Hollande will have to implement austerity measures and won’t be able to keep his promises, which he knew were impossible to honor.

[Vince Ferrer]

Candidate Clinton, Jan. 12, 1992

"I want to make it very clear that this middle-class tax cut, in my view, is central to any attempt we're going to make to have a short-term economic strategy."

President-elect Clinton, Jan 14, 1993

"From New Hampshire forward, for reasons that absolutely mystify me, the press thought the most important issue in the race was the middle class tax cut. I never did meet any voter who thought that."

President Clinton, first Oval Office address, Feb. 15, 1993

"I had hoped to invest in your [the middle class's] future...without asking more of you. And I've worked harder than I've ever worked in my life to meet that goal. But I can't."

[USFRIENDINVICTORIA]

“”I have known for several weeks that there was a greater degradation than the outgoing government said there was. We conclude that this is a confirmation,” Hollande told reporters in the central city of Tulle.”

Then why didn't you say so during the election campaign; you lying sack of Vieux Boulogne.

[mo]

Now....1,2,3 ...altogether...UNEXPECTED!!!!!!

[bossmechanic]

He’ll thumb his socialist nose at Germany and inflate like crazy. France will announce the return of the franc within a year. The EU will collapse monetarily and immigration controls will go back in place across Europe. England will snicker quietly.

[353FMG]

Now we will have to listen to the French mantra: ‘Sarkozy’s fault’.

[BillyBoy]

>> France will announce the return of the franc within a year. The EU will collapse monetarily and immigration controls will go back in place across Europe <<

If that does come to pass, Hollade will have "accomplished" more for France in one year than Sarko did in 4. I can only see the collapse of the EU big brother, the return of national currency, and closing the immigration floodgates as a good thing.