I endorsed Francois Hollande, the Socialist, in his race to become President of France. I wasn’t under any illusion that he would do the right thing, but I figured anything was better than another term for Sarkozy, who was a de facto rather than de jure socialist.
Hollande largely has pursued a statist agenda of higher taxes and more wasteful spending since taking office, which is par for the course, but I will give him credit for cutting back on some of the personal excesses of France’s ruling class.
Here are excerpts from a CNBC report.
Mr. Hollande, a Socialist, and his prime minister, Jean-Marc Ayrault, have ordered downgrades in official luxury… Mr. Hollande has actually taken the train to Brussels, without a state jet following him, and his ministers have been ordered to hit the rails when possible (with a free pass on the national railway system). When they fly, they are encouraged to travel in coach class on commercial airlines. …Official cars have been diminished in size and in luxury. Mr. Hollande has given up the presidential Citroën C6 for a smaller but hardly shabby Citroën DS5 diesel hybrid. He has reduced the ranks of his official drivers to two from three, and they are now supposed to stop at red lights.
I’m not naive. It’s quite likely that Hollande is taking these steps solely to score political points. But that’s still more than can be said of Obama and the rest of the political elite in America.
I’m particularly impressed that Hollande is going to obey traffic laws and not inconvenience other people. It is nauseating how Obama’s security people will block traffic for 20-30 minutes ahead of of time because of a jaunt around town. And the same happened during the Bush years, so my grousing has nothing to do with party labels.
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for August 20th, 2014 | John Ransom
11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for August 19th, 2014 | John Ransom
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for August 18th, 2014 | John Ransom