Obama administration advises new French president: For sake of world economy, don’t raise taxes

Michelle Malkin ^ | 5/7/12 | Michelle Malkin

[Nachum]

“Irony can be pretty ironic sometimes…”

*****

President Obama was quick to invite France’s Socialist president-elect to Washington for a visit, but the White House also had some rather perplexing advice for Francois Hollande:

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.

“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 thinks ensures that the recovery continues while putting our fiscal house in order.”

Hollande campaigned on a platform of raising taxes on the wealthy and dramatically increasing domestic spending on stimulus and other programs. Sound familiar? So why would the Obama administration be worried that France might do more of the same thing we’re told will save America from a recession/depression and generations of insurmountable debt?

[Nachum]

Full title: Obama administration advises new French president: For sake of world economy, don’t raise taxes and increase spending

... After which the French President advised Obama to go jump in a lake

[NonValueAdded]

Ah, Obama realizes that the epic fail when France does it faster than he can will poison the well for his own move.

[chuck_the_tv_out]

Reaganomics won the fiscal debate.

[Olog-hai]

Je ne peux pas croire ce que je viens de lire.

[2111USMC]

He should have told them to just print more money.

That’s how we do it here in the good ole USofA.

[Chode]

ya just can't make this sh!t up, nothing is stranger than truth...

[ntnychik]

0 needs space. “When” he’s re-elected, both 0 and Hollande can raise taxes together.

[GreatRoad]

Obama wants all the world’s taxes for himself.

[grumpygresh]

Les impots tres haut, ce sont juste si les Americains sont humilie et puni. Obama est infect.

[LZ_Bayonet]

"He should have told them to just print more money."

That's the major part of the problem. France uses the euro. Countries in the eurozone have no individual currency to devalue to spur their economy by making exports cheaper and tourism cheaper. The eurozone either has to break up or the individual countries will need to cede financial control to a federal government. Though some will say that if they can find a way to pay their debts and institute individual country financial control the current system can survive with just a little more federal type control. Place your bets Ladies and Gentlemen!

[Texas resident]

Bingo.

ozero doesn’t want the new frenchy to raise taxes before the US election.

ozero doesn’t understand that the new frenchy will raise taxes as soon as possible in order to get the new tax money coming in. He has to protect his own policital rear end.

[kalee]

Bingo