Guy Sorman writes May 6 from City Journal:
The French have just confirmed their political creativity. In other Western democracies, a presidential election leads to the clear-cut victory of one candidate over another, along with the endorsement of a more or less predictable program. Not so in France. On April 22, the elections’ first round, French voters were free to choose from among ten contenders, including Trotskyists, radical ecologists, and a representative of America’s Lyndon Larouche cult. In the second round, concluded Sunday among the two remaining challengers, voters rejected incumbent president Nicolas Sarkozy in favor of Socialist François Hollande. Now Hollande, the nation’s new president, faces a much less forgiving “electorate”: the financial markets, which will determine whether he can save France from a Greek scenario of default and bankruptcy.
Read more here.
- Labor unions break ranks with White House on ObamaCare
- 8 Currencies That Could Tank As Commodities Collapse
- President Asterisk: Why the Obama IRS scandal may be worse than "a cancer on the presidency."
- CONSUMER CONFIDENCE CRUSHES EXPECTATIONS, STRONGEST SINCE JULY 2007
- Congressman Goes On Berating Rant At Ousted IRS Commissioner And Gets A Standing Ovation
- DeMarco: FHLBanks should grow involvement in secondary market
- Insurers predict 100% to 400% Obamacare rate explosion
- Read Between the Lines: IMF Admits Spain is Bankrupt
- China may not overtake America this century after all
- The US Economy Is The Envy Of The World Again, And Just Like That The Bears Have Been Annihilated
- The Great California Land Rush
- Monday Morning Cup of Coffee: Reverse mortgage delinquencies surge
- Job surge a mirage
- Study Devastating for ObamaCare Backers
- They Are Murdering Small Business: The Percentage Of Self-Employed Americans Is At A Record Low