Granted that this is devastatingly bad for France, why is it bad news for the US? Is this at all positive for Obama?
“why is it bad news for the US?”
Because the ONLY way to keep Europe, and it’s banks, afloat in the coming months is for the EU and Fed to print, print, print.
QE-to-Infinity coming as soon as the shock waves hit the US markets, and the inflation that comes with it.
Just watch how this all unfolds.
If the socialist wins and puts Europe in the tank so they can't enact austerity measures, their economy crumbles and they can't buy our goods.
There are other reasons too.
It will ring positive to the lowest common denominator, OBAMA, and his message that government is the best provider. How could Europe be wrong???
This election in Europe isn’t going to take long to clearly depict the calamity that is going to happen when the money isn’t there to continue the entitlements, pay the bond debt, and raise taxes through the roof. The problem is the people recieving the payouts from gov. don’t give a damn. Just keep giving me.
I dunno, but if you have money to invest the US looks like a much better bet than Europe. At least in the short term anyway. Elections like this just prove Europeans don't really want to curtail their social welfare states. This will cause a lot of jitters among investors and likely exacerbate the European debt crisis. Not that we are much better when it comes to debt, spending and dependence, but it appears we can still kick the can down the road awhile longer.
“Granted that this is devastatingly bad for France, why is it bad news for the US? Is this at all positive for Obama?”
You see this clearly. It is now up to every conservative American (I know, that’s redundant) to make a clear connection between France, Greece, and the Dem party throughout the election period. Everytime a leftist makes a comment, say “Greece”. If someone says Obama is not that bad or they have always been a Dem or anything else Dem, say “Greece”. This puts them immediately off balance and keeps your point brief but strong. Every time you meet a leftist, say “Greece”. You don’t have to say anything else—it will be up to them to figure out what to say and they will have a really tough time thinking of a counterpoint.
I believe the next few days will provide excellent counter-Dem news. The challenge will be to get the information to American voters that what is now happening in France and what has already happened in Greece is simply Obamanomics.
Watch how economics reacts to France’s voting behavior.
Yes, I fear. Freeloaders in the US have grown exponentially since Obama started handing out borrowed money by the truck-load to them... they'll vote for more of the same.
Meanwhile conservatives don't have a candidate to stop the madness - hence the US will continue to roar toward the same abyss.