Takers Overwhelm Producers in France
May 07, 2012
RUSH: So a lot of people are asking me, "What does this mean, the election of the avowed socialist in France, Monsieur Hollande? What does it mean?" It means that France is gone. It means that there are more people on the take than there are producing, pure and simple. They fell for it. Don't think Obama hasn't noticed this. What it means? It only means what it means for France. It's impossible to extrapolate this, unless you want to say that we've become France. And if we have become France...
I don't think we're there yet, but this guy promised to raise taxes on the top 1% by 75%, a millionaires tax or what have you, and everybody went for it. He's only the second avowed socialist ever elected in French history. The first was Mitterrand in the eighties. They said "no" to austerity. They said, "We're not gonna cut back government. We're not gonna cut spending. We're not! No, no, no. I want my goodies; I want my benefits." The French rich are leaving the country, Snerdley. There are accompanying stories about the French elite, the wealthy elite making plans to go to Great Britain.
I don't know how wise that is. (chuckling) No, there are stories. I don't know if there's gonna be a genuine Exodus out of France among these targets, but they clearly are targets, and there are more people... Look, you have perpetual unemployment of 14%. And I don't know if they doctor their numbers like Obama does here. But if they do unemployment in France is higher than 14%. But the thing is, it's constant. Whatever the number is in France, that unemployment number is constant. It's accepted. It is the norm.
And there are more people on the take than there are producing, and those people turned out in greater numbers. And don't think Obama's not noticing that. Now, Obama went out... I don't know if it means anything for the United States, folks. And anybody who tells you that they do know what it means for our election is engaging in wishful thinking. There's no way anybody can extrapolate. To the extent that we are France, I've never heard that connection made. It would have to be made for there to be some relationship to the French electorate and ours.
And I don't think there is much. But we're trending that direction. There's no question about that. And the same thing... Where else was it that they said they didn't want austerity? Was it Germany? What was the other country? I'm having a mental block. There were two elections. Merkel is holding steady... No, maybe Greece. I forget which. But regardless... Yeah, it's Greece. We all knew this was coming. We all suspected that it was coming, that when you have more takers, they're gonna continue to vote for it.
They're not prepared to start working.
They haven't been working; they're not prepared.