In France, Hollande’s class war approach has been disastrous for the French economy. His tax policies have prompted the start of a mass exodus of wealthy individuals, who are taking their money elsewhere in Europe, including to Britain and Switzerland. In the words of Laurence Parisot, head of the French Employers’ Federation: “Our country is, alas, becoming less and less attractive with every passing month whilst our neighbours are trying to become more and more attractive.”Obama simply doesn't care. In fact, one of his missions in life since childhood, has been to punish the US and Europe for their "oppression of third world peoples over the past few centuries." Obama's mother drilled that lesson into his head, and the only father-figure Obama knew as a child -- Frank -- made sure the lesson stuck.
Unsurprisingly, economic growth has taken a hit, with falling consumer spending and plummeting market confidence. France is slipping back into recession in the final quarter of 2012, with Europe’s second largest economy now projected to miss its deficit target and barely grow at all in 2013.
France’s economic failure is a sharp warning to the United States if it goes down the same path. Ominously for Barack Obama, Hollande’s approval rating has fallen to just 36 percent, making him the most unpopular French president in recent history (at the six month mark). _Twin Freaks of Doom
France is probably doomed. Hollande has no idea how to pull the country out of the hole he continues to dig for France. Obama is, if anything, less intelligent than Hollande, and driven more by revenge than by ideology or simple thuggish greed -- both of which Obama possesses in abundance.
It will be an interesting few years for both unfortunate countries, France and the US. Try not to be too vulnerable to miscreants of this nature. Large scale damages are a certainty. Doom for their respective countries is not out of the realm of possibility. Take care of yourselves.