Monsieur Hollande's Opus Socalists l...

Monsieur Hollande's Opus Socalists lose big.

Posted in the Chicago Forum

Charles Smegma

Spring Hill, FL

#1 Apr 4, 2014
Monsieur Hollande's Opus

The recent French election, I think it may be accurately said, was a disaster for Mr. Hollande and for the Socialist Party. Usually one may point to a few glimmers to try to change the spin after a defeat of this sort but in France it was a rather acrid black mud where the Socialists were left standing and that is about all one can say.

The Socialists lost 171 municipal elections including some where the Socialists had held sway for over a century. The right and far right garnered 52.7% of the vote and the far right, the National Front, was the surprise of the day as they gained far more than anyone had expected. I think the vote was telling. Les Miserables are not happy and they voted just that way.

France will also suffer from its particular position as provider of grand vintages and luxury goods to the rest of the world while their own population dines on baguettes and brie. With the recent Russian incursion and the E.U.'s reaction and then the slowdown in China the outlook for the high end French markets may deteriorate rapidly. It may be fine, as Marie Antoinette said, to "Let them eat cake" but some may no longer wish to have their just desserts and some may no longer be able to afford them.
CSmegmaSezSocial istsLost

Spring Hill, FL

#2 Apr 7, 2014
Lost 171 muni. elections + + + Read about it, up there.

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