Arrogant politicians are so full of themselves they refuse to listen to anyone or learn any lessons from past experience or historical precedent. This is particularly true of socialists whose minds are closed to anything outside their failed, poverty inducing ideology.
The Far-Left President of France, Francois Hollande, campaigned on a socialist ticket and was warned at the time that his policies would cause capital flight and an exodus of France's wealth creating talent which would eventually bankrupt the economy.
He refused to listen and went ahead regardless. He increased taxes to penal levels, extended and increased welfare entitlements and imposed a raft of other socialist policies in order to address those old worn out socialist goals of inequality and social justice.
And so it came to pass as predicted - the government taxed, borrowed and spent the French economy into oblivion, consequently condemning into poverty and misery the very people he was supposed to save.
President Hollande has declared a 'state of economic emergency' which is a spin doctor's way of saying 'bankrupt' without actually uttering the dreaded word. His solution is of mind-numbing stupidity and typical of an ideologue who is incapable of thinking beyond his ideology. He plans to pay employers to employ laid off workers but doesn't say where the money is coming from.
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