Tuesday, February 03, 2009

That about does it

We don't need to bother running this stimulus plan through the senate now because Paris has vetoed the legislation.
Prime Minister François Fillon on Monday rejected demands that the French government seek to stimulate consumer spending, rather than follow his plan to stimulate corporate and infrastructure investment, to lift France out of its economic slump.

"It would be irresponsible to chose another policy, which would increase our country's indebtedness without having more infrastructure and increased competitiveness in the end," Fillon said in a speech in Lyon.

More than 1.1 million people took to the streets across France last Thursday, according to the Interior Ministry, with unions putting the number of protesters at 2.5 million, to call on President Nicolas Sarkozy to stop cutting government jobs, increase the minimum wage and spend more on households as the economy enters its first recession since 1993.

Opponents of the government have been calling for an "Obama-style" stimulus plan, one that puts money directly into the pockets of working people.


First, I don't know what these guys have been reading but almost nothing in the "stimulus" plan is going to working people. Nearly all of it is going to fund every liberal cause celeb re since the 1960's.

Second, shouldn't the Obamamunists check in with Sarkozy before finalizing any stimulus plan? After all, Bush was vilified for acting alone with no regard for world opinion.

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