In a blow to Nicolas Sarkozy's 10-month-old presidency, France's opposition Socialist Party was on course Sunday to wrest control of from his center-right camp after the first round of local elections.
Sarkozy preceded Barack Obama with the seductive campaign, and was able to steal an election from the Socialist Party. "Initially he seduced me [Céline Cohen, a 34-year-old mother of two] and a lot of my friends with his energy and ideas," she added. "But over the last few months, he has just not acted like a president. He has become a liability."
Sarkozy's approval rating has fallen to the George W. Bush territory of 37%. The biggest crime Sarkozy made was trying to cross the aisle to the Socialist Party and added Socialists to his cabinet. Many centre-right have abandoned him because of it. Note to John McCain: No Democrats in the cabinet.
Meanwhile in Spain, the Socialists (who gained power 4 years ago and immediately pulled their troops from Iraq) have blamed the recent downturn in the economy on Basque separatists. A red herring if there ever was. The Socialists offered the same promises liberals in the US make, tax the rich, feed the poor to buy votes even though socialism have proved faulty in the past.
Although the Popular Party worked hard to promote their own economic policies and raise fears about the impact of immigration on the average Spaniard's financial well-being, its strategies were not as persuasive as Socialist promises to issue tax rebates and to subsidize housing..."What I care about is the economy," says Mr. Nieto, a young industrial engineer. "I voted for the Popular Party because when they were in power 12 years ago. They took an economy that was in pretty bad shape and brought it to the top. They could do the same thing again."
With the trend in Europe and America, look to Asia to provide the next superpower(s). Socialism doesn't work and with Obama and Clinton a decent bet for the White House, look for more government, less US business, less US jobs and more government entitlements. Even George W. Bush is not innocent when it comes to socialist policy. The medicare plan he sponsored and passed was a massive entitlement, our children will pay for the rest of their lives.
As China and India introduce more capitalistic policies its economy skyrockets, while the US continues to thwart capitalism and suffers a stymied economy. If I had a dollar to invest it wouldn't be in any American company that is going to be ravaged by more and more regulation and taxes.
More on the elections.
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