Since being elected, Barack Obama and his minions have told us we need higher taxes, and more Government spending. Today, The President of the United States advises the newly elected Socialist ruler of France to not follow his campaign promise of ending austerity measures. The President says that doing so will damage the World Economy.
President Obama's spokesman warned the new socialist president-elect of France not to implement his campaign agenda of ending austerity measures, indicating that such a reversal could damage the world economy.
"A balanced approach . . . Both fiscal consolidation and efforts to boost the recovery is the right approach for Europe," White House Press Secretary Jay Carney told reporters today. "That's an approach that he thinks ensures that the recovery continues while putting our fiscal house in order."
French President-Elect Francois Hollande called for an increase in government spending and taxes. "Europe is watching us, austerity can no longer be the only option," he said upon winning the presidential election.
Meanwhile, here in the States, Obama continues his push for higher taxes, larger Government, and not plan to pay down our ballooning deficit.
So why is it okay for Obama to do it, but not the French?
