DaveinElma Posted May 6, 2012 Share Posted May 6, 2012 LOL Link to comment Share on other sites More sharing options...
DC Tom Posted May 6, 2012 Share Posted May 6, 2012 LOL We feel the same way about you. Link to comment Share on other sites More sharing options...
DaveinElma Posted May 6, 2012 Author Share Posted May 6, 2012 We feel the same way about you. You probably don't even understand the reference. Link to comment Share on other sites More sharing options...
DC Tom Posted May 6, 2012 Share Posted May 6, 2012 You probably don't even understand the reference. "France LOL"? That could be damn near anything. Given that it's you, I'm guessing your gloating over the French losing Algeria to a bunch of Africans. Link to comment Share on other sites More sharing options...
DaveinElma Posted May 6, 2012 Author Share Posted May 6, 2012 "France LOL"? That could be damn near anything. Given that it's you, I'm guessing your gloating over the French losing Algeria to a bunch of Africans. If you did anything other than troll this website you'd know that France elected a socialist today. Link to comment Share on other sites More sharing options...
DC Tom Posted May 6, 2012 Share Posted May 6, 2012 If you did anything other than troll this website you'd know that France elected a socialist today. And your commentary is limited to strictly "France LOL". But I'm the troll. Yeah, go figure. Link to comment Share on other sites More sharing options...
DaveinElma Posted May 6, 2012 Author Share Posted May 6, 2012 And your commentary is limited to strictly "France LOL". Because what else can you say about France ay this point? It's kind of like how people look at you. Link to comment Share on other sites More sharing options...
meazza Posted May 6, 2012 Share Posted May 6, 2012 "France LOL"? That could be damn near anything. Given that it's you, I'm guessing your gloating over the French losing Algeria to a bunch of Africans. Link to comment Share on other sites More sharing options...
DC Tom Posted May 6, 2012 Share Posted May 6, 2012 Because what else can you say about France ay this point? It's kind of like how people look at you. How about "I wonder what that means for the Eurozone bailouts. Will the dollar strengthen against the Euro tomorrow? Maybe I should short the oil at the market open?" No, you're right..."France LOL" is so much more constructive. Link to comment Share on other sites More sharing options...
whateverdude Posted May 6, 2012 Share Posted May 6, 2012 (edited) How about "I wonder what that means for the Eurozone bailouts. Will the dollar strengthen against the Euro tomorrow? Maybe I should short the oil at the market open?" No, you're right..."France LOL" is so much more constructive. No, I think the market is going to tank tomorrow...this certainly will bring the euro debt crises front and center again. Hollande has pledged to refocus EU fiscal efforts from austerity to growth. How does he expect to do this with increased benefits, shorter working hours and earlier retirement. Edited May 6, 2012 by whateverdude Link to comment Share on other sites More sharing options...
WorldTraveller Posted May 6, 2012 Share Posted May 6, 2012 On the bright side, with all the mounting debt concerns over in France, they will look to tax income above $1 million at near a 90% marginal rate and lower retirement from 62 to 60 under the new president. Link to comment Share on other sites More sharing options...
whateverdude Posted May 6, 2012 Share Posted May 6, 2012 (edited) On the bright side, with all the mounting debt concerns over in France, they will look to tax income above $1 million at near a 90% marginal rate and lower retirement from 62 to 60 under the new president. Can you say mass exodus of the wealthy from France. http://www.ft.com/intl/cms/s/0/278412e6-9538-11e1-8faf-00144feab49a.html#axzz1u8XmaXgw Edited May 6, 2012 by whateverdude Link to comment Share on other sites More sharing options...
WorldTraveller Posted May 7, 2012 Share Posted May 7, 2012 No, I think the market is going to tank tomorrow...this certainly will bring the euro debt crises front and center again. Hollande pledge to refocus EU fiscal efforts from austerity to growth. How does expect to do this with increased benefits, shorter working hours and earlier retirement. The problem was that there was too much austerity, so painful, and devastating to their economies that they continued to fall In a vicious circle of sorts. While the proble is too much structural spending, the solution isn't as obvious as most peole believe. The common answer is to cut spending through strict austerity measures. The problem with that is if done in such a draconian fashion that you take away demand from the economy which in turn reduces tax receipts, which in turn the bond markets would ask for more cuts, which would create even less growth and so on and so on. Sort of like a negative feedback loop. So it was quite unpopular from the nations that were adopting strict austerity measures and somewhat expected that thosepresident would get foted out. typical swing of the political pendulum. The problem is that what Hollaind is proposing includs more structural debt problems by reducing the retirement age and adopting an absurd tax rate for the wealthy which will undoubtedly decent icicle risk taking. I don't have a problem with short-term targeted spending to stimulate an economy, but these are structural long-term budget busters Link to comment Share on other sites More sharing options...
dayman Posted May 7, 2012 Share Posted May 7, 2012 LOL France? Lol Greece and their Neo-Nazi influence in government... http://www.rawstory.com/rs/2012/05/06/greek-neo-nazis-warn-the-time-for-fear-has-come/ Link to comment Share on other sites More sharing options...
WorldTraveller Posted May 7, 2012 Share Posted May 7, 2012 LOL France? Lol Greece and their Neo-Nazi influence in government... http://www.rawstory.com/rs/2012/05/06/greek-neo-nazis-warn-the-time-for-fear-has-come/ That's an odd party, sort of a hybrid of a super anti immigrant right wing kind of party meshed with uber left wing social policies. A conglomeration of extreme opposing views. Link to comment Share on other sites More sharing options...
dayman Posted May 7, 2012 Share Posted May 7, 2012 That's an odd party, sort of a hybrid of a super anti immigrant right wing kind of party meshed with uber left wing social policies. A conglomeration of extreme opposing views. I know and all topped off w/ a leader doing Nazi salutes Link to comment Share on other sites More sharing options...
DC Tom Posted May 7, 2012 Share Posted May 7, 2012 LOL France? Lol Greece and their Neo-Nazi influence in government... http://www.rawstory.com/rs/2012/05/06/greek-neo-nazis-warn-the-time-for-fear-has-come/ BREAKING NEWS: The European Union, with United Nations approval, has dissolved the country of Greece. In a joint statement, President of the European Council Herman Van Rompuy and UN Secretary General Ban Ki-Moon stated "We are declaring the Greek Republic ended in accordance with Godwin's Law." Link to comment Share on other sites More sharing options...
B-Man Posted May 7, 2012 Share Posted May 7, 2012 The mainstream media will attempt to spin French President Nicholas Sarkozy's loss today to Socialist challenger François Hollande as a rejection of "austerity" policies--and to urge American voters to reject the deficit-cutting politics of the Tea Party when we go to the polls in November. In fact, there are important lessons from France--and they are the precise opposite of what the media is telling us. First, to call Sarkozy's policies "austerity" is to insult both austerity and socialism. The French government--like other European governments--sought to close its budget gap primarily by raising taxes, not by cutting the size and cost of government. Neither Sarkozy nor Hollande had the courage to confront the basic, failed structure of France's welfare-state economy, which is the fundamental cause of its budget problems. Insofar as French politicians have relied on tax increases as the key to deficit reduction, that is far closer to the policy of U.S. President Barack Obama and his Democrats than to the approach of the Tea Party and the Republicans. Even so, American media commentators like Joan Walsh and Paul Krugman are blaming Congress and "austerity" for slow economic growth--though federal spending keeps growing. Sarkozy lost because, like nearly a dozen other European leaders, he lacked the courage to make the harsh but necessary reforms to set France right. The lesson for both Democrats and Republicans in the U.S. is that political cowardice is no longer an option. Breitbart . Link to comment Share on other sites More sharing options...
WorldTraveller Posted May 7, 2012 Share Posted May 7, 2012 Breitbart . Iwhile I agree that there need to be structural reforms for deficit spending cutting measures, if this guy had it his way, we'd certainly fall into another deep recession. It's very simple, id you take too much money out of the economy too swiftly, demand for goods and services fall, which in turn effects tax revenues.. The solution is to have pro growth policies in the near to mid- term and structurally reform long term spending. Link to comment Share on other sites More sharing options...
KD in CA Posted May 7, 2012 Share Posted May 7, 2012 Iwhile I agree that there need to be structural reforms for deficit spending cutting measures, if this guy had it his way, we'd certainly fall into another deep recession. It's very simple, id you take too much money out of the economy too swiftly, demand for goods and services fall, which in turn effects tax revenues.. The solution is to have pro growth policies in the near to mid- term and structurally reform long term spending. Absolutely. The other solution is to not turn your country into one huge welfare state to begin with. Maybe American voters will figure that out before November. Link to comment Share on other sites More sharing options...
Recommended Posts