Sunday, April 22, 2012

Soon to be "Later Sarko"

Apparently conservative (for France) practices are not popular when put into place, as opposed to just bloviating about them on cable news.

French voters headed to the polls on Sunday in round one of a presidential ballot, with economic despair on course to make Nicolas Sarkozy the first president to lose a fight for re-election in more than 30 years.

In a contest driven as much by a dislike of Sarkozy's showy style and his failure to bring down unemployment as by policy differences, Sarkozy and his Socialist rival Francois Hollande are pegged to beat eight other candidates to go through to a May 6 runoff, where polls give Hollande a double-digit lead.

Hollande, 57, promises less drastic spending cuts than Sarkozy and wants higher taxes on the wealthy to fund state-aided job creation, in particular a 75 percent upper tax rate on income above 1 million euros ($1.32 million).

But it is France so conservatives will draw no lessons -- no they'll keep pushing until they can enact the awesome austerity policies of Greece.


StonyPillow said...

Sarkozy has a sad. Time for a new wife.

Anonymous said...

75% top tax rate! Awesome sauce.

One day next century, even American politicians will contemplate such a revenue earner.