Today's belly laugh via The Washington Examiner:
President Obama's spokesman warned the new socialist president-elect of France not to implement his campaign agenda of ending austerity measures, indicating that such a reversal could damage the world economy.Ya think?
"A balanced approach . . . Both fiscal consolidation and efforts to boost the recovery is the right approach for Europe," White House Press Secretary Jay Carney told reporters today. "That's an approach that he [Obama] thinks ensures that the recovery continues while putting our fiscal house in order."Hollande campaigned on a no-austerity-for-Europe platform built with planks such as a 75% tax on incomes of the wealthy, lowering of manual worker retirement age from 62 to 60, raising of the minimum wage, and the hiring of 60,000 new teachers--all in a country burdened with 10% unemployment and a public debt equal to 86% of GDP.
It makes one wonder what Obama could possibly dislike about Hollande's plans, but a glance at the fine print reveals that Hollande intends to start his presidency with "a few quick symbolic measures" such as freezing the cost of fuel for three months and cutting his own presidential salary by 30%.