France's flashy, fiery Nicolas Sarkozy is ousted by unassuming Socialist

[CDNPatriot]

France's flashy, fiery Nicolas Sarkozy is ousted by unassuming Socialist

http://worldnews.msnbc.msn.com/_news/2012/05/07/11573747-frances-flashy-fiery-nicolas-sarkozy-is-ousted-by-unassuming-socialist?lite

Considering the backlash from the top 1 percent over a small increase in their taxes after they experienced a four hundred percent increase in their incomes do you think that with the Occupy movements and student protests in Canada that the public is fed up and will vote for the NDP like France did?

The new elected leader in France stated he was going to tax the "rich".

Seems like there are some parallels to North America. Thoughts? Agree/Disagree.

[longitude]

Anything is better than Harpo and his Harpostan.

[longitude]

IB idiots say IBTL

[vero95]

Europe is in big debt. I wonder how socialists will help change with that :facepalm:
it just shows that the democracy can be self destructive

[flashy_mcflash]

I would hope that anyone would prefer debt to any alternative to democracy (facism, dictatorship, etc).

[NorthYorker]

Europe is in big debt. I wonder how socialists will help change with thatSpeaking about France specifically, a dozen and half years of rightist rule definitely did not help with that.

[NG]

Europe is in big debt. I wonder how socialists will help change with that :facepalm:
it just shows that the democracy can be self destructive

The 2008 financial meltdown had massive effects on Europe but that wasn't about socialism. The US barely has any true socialism and they were hammered as well.

It was a result of extreme and unfettered capitalism. It's not that capitalism is bad but without strict regulation the banks and financial institutions were able to flood the market with toxic assets for short term gain causing long term disaster.

For right wingers to say that it's left wing issues at fault (Obamacare in the US etc) it's being extremely short sighted - just as it'd be equally short sighted to blame right wingers because of the costs of foreign wars and the military.

[Dina_E]

this is actually great news. this will only the make the growing extreme- nationalist right even more popular in europe.

[manmanny]

Toronto Star is very happy with this. Their headline reads something like France Turns Left.

And

"TSX pulled down by debt fears following Greece, France elections"

[neutral]

Europe is in big debt. I wonder how socialists will help change with that :facepalm:
it just shows that the democracy can be self destructive

Oh is that so Conrad?

[flashy_mcflash]

this is actually great news. this will only the make the growing extreme- nationalist right even more popular in europe.

Because if there was anything more beneficial to Europe than the previous government, it was Nazism, right Dina? Seriously, put down the crazy pills.

[neutral]

this is actually great news. this will only the make the growing extreme- nationalist right even more popular in europe.

Like in the 40's?

[zz000ter]

Because people are not willing to make the sacrifices that
are necessary to be made

[NG]

Toronto Star is very happy with this. Their headline reads something like France Turns Left.

And

"TSX pulled down by debt fears following Greece, France elections"

There's another problem with capitalism. Why do the private markets have the right to raise borrowing costs and voice a vote against a country when they exercise their democratic rights to elect a government that corporations may not like?

[Syne]

This is great news! Hopefully Canada follows suit in the next election and votes NDP.

[neutral]

There's another problem with capitalism. Why do the private markets have the right to raise borrowing costs and voice a vote against a country when they exercise their democratic rights to elect a government that corporations may not like?

We simply gave them too much power. It's no surprise they can basically hold entire nations hostage.

[vero95]

There's another problem with capitalism. Why do the private markets have the right to raise borrowing costs and voice a vote against a country when they exercise their democratic rights to elect a government that corporations may not like?

that's called free market. it reacts to the news freely
are you reporting from caracas or havana, camrade?

[olssy]

this is actually great news. this will only the make the growing extreme- nationalist right even more popular in europe.

Nah, there is a plateau of amazingly short-sighted stupid people and the extreme right wing has almost saturated that demographic...

[NG]

We simply gave them too much power. It's no surprise they can basically hold entire nations hostage.

Agreed. Progressive parties (of whatever stripe) need to work together internationally to dismantle their corporatist hold over our democracy.

[NG]

Nah, there is a plateau of amazingly short-sighted stupid people and the extreme right wing has almost saturated that demographic...

The upside is there's always been monsters in society but they've been hard to identify.

Now from Rob Ford going around yelling at a woman about a woman being raped to a large section of Republicans cheers the idea of people dying because they can't afford healthcare during the RNC primaries they're starting to make themselves known en masse as "conservatives".

[t3359]

Europe is in big debt. I wonder how socialists will help change with that :facepalm:
it just shows that the democracy can be self destructive

Maybe the 99% isn't based on wealth, but stupidity.

bjl

[CDNPatriot]

Vero this is what I'm saying. You can't rely on the free market as this eventually will collapse the system. Refer to 2008. Lack of regulations allowed financial insitutions to create financial instruments that were not regulated and that nearily collapsed the system despite warnings from experts. Even Buffett was worried about it for years.

People like you Vero were saying that the market would regulate itself at the time. Instead the top one percent made a lot of money knowing that it was going to collapse. When it did they made out like bandits and the middle class is left with the bill.

I think the middle class are looking to elect governments that represent them more. Right wing governments seem to have brought us more debt and have catered to the needs of the top one percent excessively using fear tactics. The middle class on the otherhand has sufferred.



that's called free market. it reacts to the news freely
are you reporting from caracas or havana, camrade?

[Piro21]

Toronto Star is very happy with this. Their headline reads something like France Turns Left.

And

"TSX pulled down by debt fears following Greece, France elections"

I'm very happy with this too. I made out like a bandit during the 2008 panic, and I'm likely going to do well now. If people are willing to abandon incredibly secure stocks because of unfounded panic and make them cheaper for me, who am I to argue?

[spike1128]

Oh is that so Conrad?

Didn't I started calling people "Conrad" first?

I don't think Sarkozy is any better than the Socialist party. Sarkozy think he can save the EU by lending to them. What he should have done and let Greece and Portugal die. Maybe just bail out Spain and Ireland, because they are so close by. At least there won't be refugees going to France.

Sarkozy started to worry after he teamed up with the German Councillor to save the EU. I think France is in deep waters now. Only boat floating is Germany. As long as these dumb Asia continue buying BMW/Merc/Audi, Germany will be fine.

[vero95]

Vero this is what I'm saying. You can't rely on the free market as this eventually will collapse the system. Refer to 2008. Lack of regulations allowed financial insitutions to create financial instruments that were not regulated and that nearily collapsed the system despite warnings from experts. Even Buffett was worried about it for years.

People like you Vero were saying that the market would regulate itself at the time. Instead the top one percent made a lot of money knowing that it was going to collapse. When it did they made out like bandits and the middle class is left with the bill.

I think the middle class are looking to elect governments that represent them more. Right wing governments seem to have brought us more debt and have catered to the needs of the top one percent excessively using fear tactics. The middle class on the otherhand has sufferred.

thanks but we were talking about market movements which are already regulated, no? as such the market is free to react to the news and is not forced to go one way or another. while the market movements are regulated the trends are not
in 2008, many people lost money and fortunes including that 1% you would like to eliminate. I know you would like to blame the cons for the subprime mortgage crisis but you should educate yourself better before you make such claim because you look really dumb :facepalm:
the base for the crisis were the changes to the CRA. banks were not only encouraged but sometimes forced to give mortagegs to people who few years before would never have qualified for them

In 1993 President Bill Clinton made changes to the Community Reinvestment Act to make mortgages more obtainable for lower and lower-middle class families. The changes ushered in during the Clinton Presidency encouraged banks to make mortgage loans to people who otherwise would not have qualified for them. In 1998 the Federal Bank of Boston issued a report entitled “Closing the Gap: A Guide to Equal Opportunity Lending." The 30 page document was intended to serve as a guide to loan officers to help curb discriminatory lending [10] "Closing the Gap," instructs banks to hire based upon diversity needs, sweeten the compensation structure for working with lower income applicants, encourages shifting high risk, low income applications to the sub prime market, by saying "the secondary market [Subprime Market] is willing to consider ratios above the standard 28/36," and "Lack of credit history should not be seen as a negative factor."
http://en.wikipedia.org/wiki/Mortgage_discrimination
and it was Clinton who made those changes ;)

[cheapmeister]

Greece has big benefits and little taxation to pay their debt. You cannot have cake without paying for it.

[CDNPatriot]

in 2008, many people lost money and fortunes including that 1% you would like to eliminate. I know you would like to blame the cons for the subprime mortgage crisis but you should educate yourself better before you make such claim because you look really dumb :facepalm:
the base for the crisis were the changes to the CRA. banks were not only encouraged but sometimes forced to give mortagegs to people who few years before would never have qualified for them

Vero, I never said that I wanted to eliminate the 1 percent. All I'm saying is having a bit more of a balance and reasonableness with managing the system. The top one percent have experience an increase of 400% in their income and at the same time are paying low taxes.

The middle class on the otherhand has suffered. All I'm saying is that taxes get changed to how it was before to even the playing field. I don't want to eliminate the top one percent at all. It's your narrow minded extremist mind that can't accept that.

CRA didn't lead to the crisis. The Financial Instruments of Mass Destruction did.

'Inside Job' is the first film to provide a comprehensive analysis of the global financial crisis of 2008, which at a cost over $20 trillion, caused millions of people to lose their jobs and homes in the worst recession since the Great Depression, and nearly resulted in a global financial collapse. Through exhaustive research and extensive interviews with key financial insiders, politicians, journalists, and academics, the film traces the rise of a rogue industry which has corrupted politics, regulation, and academia. It was made on location in the United States, Iceland, England, France, Singapore, and China.


http://www.youtube.com/watch?v=q4egTybH-TE

[jungeon]

France's flashy, fiery Nicolas Sarkozy is ousted by unassuming Socialist

http://worldnews.msnbc.msn.com/_news/2012/05/07/11573747-frances-flashy-fiery-nicolas-sarkozy-is-ousted-by-unassuming-socialist?lite

Considering the backlash from the top 1 percent over a small increase in their taxes after they experienced a four hundred percent increase in their incomes do you think that with the Occupy movements and student protests in Canada that the public is fed up and will vote for the NDP like France did?

The new elected leader in France stated he was going to tax the "rich".

Seems like there are some parallels to North America. Thoughts? Agree/Disagree.


Sarkozy was really bad, all he did was ruin France.
The French Rich do not pay taxes because they live in Switzerland or Liechtenstein or Luxembourg.

The problem with Conservative party of Canada is that they are anti-middle class, anti normal people, anti small business, pro mega business, pro globalist.

[gizmo8]

This is great news! Hopefully Canada follows suit in the next election and votes NDP.

over my dead body......

[MrKap]

The average age of an NDP is 12 years old, so why not?

http://www.guardian.co.uk/world/2011/may/08/canadas-mps-getting-younger


Among the surprises thrown up by the Canadian elections – in which the ruling Conservatives returned to power, the Liberals were routed, and the pro-independence Bloc Québecois was all but annihilated – is the fact that among the 66 new MPs representing the poll's standout performers (the previously little-known New Democratic Party) are six university students. Fielded as "placeholders" to make up the party's candidate numbers, half are under 21, and one is still a teenager.


I personally don't think there are enough high school students making six figure public service salaries.


What Canada needs more than ever before is more social infrastructure and less free market economy.

The wait lines in the emergency room to access highly skilled and educated health specialists is slowing the economy down too. We need to put more money into healthcare!

NDP all the way baby!


In all honesty, I am not so sure they are "socialists" are they? They sort of give me the feeling that they might be ultra liberal?

I mean if you look at what people in the public sector in Alberta make, it's 2 or 3 times what people are making elsewhere. Right?

I mean whether or not you look to the left or the right, Canada just wreaks of socialism at every political alignment.


Also, compared to other countries, the one percent in Canada is more like the 80%.

We just don't have that much diversity in wealth in Canada. According to this anyways.

http://en.wikipedia.org/wiki/List_of_countries_by_income_equality

http://upload.wikimedia.org/wikipedia/commons/thumb/c/c5/GINIretouchedcolors.png/800px-GINIretouchedcolors.png

[NG]

over my dead body......

Believe it or not your dead corpse on the ground won't stop Canadians everywhere who want Harper and his Cons out of office.

[Phoenix3434]

There's another problem with capitalism. Why do the private markets have the right to raise borrowing costs and voice a vote against a country when they exercise their democratic rights to elect a government that corporations may not like?

B/c it's their money. I don't give a **** about who you dress up as your leader after whatever circus show you have that you call an election.. If you want my money, I will set the rates.

[spike1128]

Believe it or not your dead corpse on the ground won't stop Canadians everywhere who want Harper and his Cons out of office.

The immigration minister is doing a good job. Baby Boomers are more Cons, so I think we will stay Cons for awhile.

Progression of the Baby Boomers mentality. Young (NDP/liberal) = > Middle age (liberal) = > Old (cons)

Canadians (whole population) are socialists generally, but not to that extend as the NDP.

[manmanny]

"Markets tumble as euro zone fears take hold"

http://ctvbnn.s3.amazonaws.com/Images/News/Markets/baydown.jpg

http://freechart.globeinvestor.com/servlet/charting?pi_symbol=tsx-I&chart_width=380&chart_height=225&chart_style=medium_chart&chart_type=png&period=5D&x_scale=true&img_bg=

[Syne]

B/c it's their money. I don't give a **** about who you dress up as your leader after whatever circus show you have that you call an election.. If you want my money, I will set the rates.

Real mature

[webdoctors]

without France, I dont see how Germany can keep the union together. I foresee all the PIIGS leaving the Euro, or at the very least Italy, Greece and Portugal.

Its going to be a nasty summer...

[LostInTruth]

We simply gave them too much power. It's no surprise they can basically hold entire nations hostage.

Yes. Some people here are too hard headed to realize this, but eventually they will understand. :twisted:

[MasterXan]

LOL i love this

hitting two birds with one stone, everything is in place. btw, before the small "c" conservatives on the forum calling me out for supporting socialists, hear me out:

Eventually the Euro Project will fail, everyone knows that and I think what happened in this election and what will happen in Greece will accelerate towards that reality. I only hope that this socialist president succeeds in whatever he proposed in his election platform.

Once this Euro project fails, I think once and for all, we can conclude that:

1)Decentralized government and jurisdiction competition is better than top down, one-size-fits-all centralized government.

2)People who say (even some people in our government as some Wikileak wires have exposed) that we need more transnationalism or governmental integration WILL BE DISCREDITED with the Eurozone collapse.

3)Repudiation of this Keynesian nonsense of more stimulus and big government

[Swarez99]

"Markets tumble as euro zone fears take hold"

http://ctvbnn.s3.amazonaws.com/Images/News/Markets/baydown.jpg

http://freechart.globeinvestor.com/servlet/charting?pi_symbol=tsx-I&chart_width=380&chart_height=225&chart_style=medium_chart&chart_type=png&period=5D&x_scale=true&img_bg=


The last time France was a socialist Government voted in (1980) Market did same thing, it crashed, than over the next number of years it became one of the strongest Stock Markets in the world completely outpacing North America by a wide margin. Will history repeat itself?

[spike1128]

The last time France was a socialist Government voted in (1980) Market did same thing, it crashed, than over the next number of years it became one of the strongest Stock Markets in the world completely outpacing North America by a wide margin. Will history repeat itself?

Buy Buy Buy!

[NorthYorker]

"Markets tumble as euro zone fears take hold"All analysts blame it on Greece, not France. For sure, we would never know, due to timing.