Skip to comments.French Socialist in Mittal Row: We're Just Doing What Obama Does
Posted on 11/30/2012 7:31:51 AM PST by RoosterRedux
The French politician who said Indian steel company ArcelorMittal should leave the country has told CNBC that his government is only acting like U.S. President Barack Obama.
Industry Minister Arnaud Montebourg, a member of the governing Socialist party, caused controversy last week when he said that the Indian company, which employs close to 20,000 people in France, should leave after it said it would have to close down a factory.
The French government announced on Thursday that it could nationalize the factory in question, with backing from an unnamed businessman.
The news raised the specter of the nationalizations of the early 1980s, which were instigated by Hollandes predecessor Francois Mitterrand.
Montebourg told CNBC after a meeting with trade unions in Paris: Barack Obama's nationalized. The Germans are nationalizing. All countries are nationalizing. I've also noticed the British nationalized 6 banks.
(Excerpt) Read more at cnbc.com ...
Its official. We’ve become France.
Ask the Chrysler and GM (Secured) bondholders.
Its official. Weve become France.
Far worse than that. We have become the benchmark reference for worldwide socialism. Putin warned us not to go there. Surreal.
Hopefully the Beltway Leninists will go the way of the Kremlin Leninists.
” - - - Montebourg told CNBC after a meeting with trade unions in Paris: Barack Obama’s nationalized. The Germans are nationalizing. All countries are nationalizing. I’ve also noticed the British nationalized 6 banks. - - - “
Obamanation Communism File.
“Nationalizing is ... The strategy we’re putting forward is extremely modern and adapted to the current times of crisis.”
“extremely modern” ... must be better than Marx 1872 version
When and what did he say exactly? I'm curious to see his words on this. thx
"Barack Obama's nationalized. The Germans are nationalizing. All countries are nationalizing. I've also noticed the British nationalized 6 banks."
"It's a very good sign to send out (to investors). Nationalizing is a very modern step to take. Especially when you not only nationalize losses but profits as well, when you make public/private partnerships. This is our strategy."
"The strategy we're putting forward is extremely modern and adapted to the current times of crisis. It's a way of making the economy work in the interests of industry, more than just helping the financial sector."
Putin made these comments soon after Obama’s inauguration in 2009. Here are a couple synopses:
It is not a hobbyhorse of his. Leading the US out of its own follies is not his problem. But he could not be more clear or more honest.
Here is Pravda’s take on it all.
I wonder what Obama will nationalize next:
oil companies, 401k’s, banks...
We are so fortunate to have central planners as smart as Borat 0bama. Keep 0bama in prezdent, ya know!
Nationalization is an assault on private property rights, and the free market. Both are institutions that are necessary for a proper system of division of labor, which is necessary for a growing process of production, which is necessary for an increasing production of wealth, which is one of the real goods necessary for happiness.The destruction of these institutions is why socialism always leads to misery and suffering and always fails.
The destruction of these institutions is why socialism always leads to misery and suffering and always fails.
It does always fail, and it will fail here too. Sooner or later, and at an unknown cost.
No.2 “...both sides are becoming identical. What in fact has been created is an international community. A perfect blueprint for world order. When the sides facing each other realize that they are looking into a mirror they will see that this is the pattern for the future.”
No.6: “The whole earth as The Village?”
No.2: “That is my hope.”
The socialists add just enough capitalism to keep from collapsing; we degrade into socialism to match them.
Net result: control of everyone in a homogenous society with equality and misery for all. Well, all but the Glorious Leaders.
The only thing Germany is nationalizing is Mediterranian debt. Or did I miss something?