France elects socialist president.

BoldChildBoldChild Born alone, die alone.Posts: 11,291 ✭✭✭✭✭
edited May 2012 in The Social Lounge
http://news.yahoo.com/blogs/lookout/hollande-defeats-sarkozy-french-election-182314153.html

lol, American conservatives/republicans are mad, but gotdayum @ 75% income tax.

Torn election posters of French President Nicolas Sarkozy in Paris, May 6, 2012. (Francois Mori/AP)

François Hollande won the French presidential election on Sunday, capturing more than 51 percent of the vote to defeat incumbent Nicolas Sarkozy and become France's new president, according French television.

Sarkozy, who has held the French presidency since 2007, grabbed 48.1 percent, according to the polls.

Hollande, the 57-year-old socialist challenger, narrowly edged Sarkozy, also 57, in a preliminary election two weeks ago, but since he did not win with an absolute majority, France law required a runoff between the top two candidates.

Sunday's victory means France will have its first Socialist president since Francois Mitterrand, the country's president from 1981 to 1995. In voting Sarkozy out of office, French voters expressed their discontent over Europe's debt crisis.

Hollande waves to supporters on May 4, 2012. (Francois Mori/AP)

French television declared the election for Hollande immediately after the polls closed Sunday. Moments later, Sarkozy told his supporters that he called Holland to congratulate him, and to concede victory.

"I take the responsibility for this loss," Sarkozy said. "I'm ready to become a French person among French people, and more than ever I have the love for my country deeply ingrained in my heart."

Hollande's victory could have far-reaching implications on Europe's debt woes. According to the Associated Press, Hollande has promised a 75-percent income tax on the rich and "wants to re-negotiate a European treaty on trimming budgets to avoid more debt crises of the kind facing Greece."
Indeed, Hollande's victory will be seen as a challenge to "German-dominated policy of economic austerity in the euro zone, which is suffering from recession and record unemployment," the New York Times said.

During their respective campaigns, both candidates had promised to balance France's budget within five years.

"It's going to be a long day," Hollande told reporters as he left a polling station earlier in the day. Sarkozy, with his wife, Carla Bruni-Sarkozy, by his side, voted in Paris, but did not speak to television reporters.

"There will be a handover of power," Sarkozy said Friday when asked if what would happen if he lost. "The nation is stronger than the destiny of the men who serve it."

Hollande is expected to be inaugurated later this month.

Replies

  • dalyricalbanditdalyricalbandit Co-Owner Of AllhipHop.com, Super Moderator, Administrator, Moderator Posts: 51,994 Regulator
    them niggas have presidents? dead ass i never knew that shit
  • Aristo_V300Aristo_V300 Posts: 5,993 ✭✭✭✭✭
    I hope he doesn't think the rich people are gonna stay in France...
  • SionSion Moderator, AHH Content Producer, AHH Editor Posts: 22,440 Regulator
    edited May 2012

    Francois Hollande dethrones Nicolas Sarkozy - 52% versus Sarkozy's 48%

    (Reuters) - A victorious Francois Hollande faces a short honeymoon after his election as France's first left-wing president in 17 years, with financial markets eager for clear signals on his policies and how hard he plans to push back against German-led austerity.

    The moderate Socialist beat conservative Nicolas Sarkozy with 51.7 percent of Sunday's runoff vote after a bruising campaign dominated by the same anger over economic crisis that has felled 10 other European leaders since late 2009.

    While jubilant left-wing voters partied into the early hours of Monday in central Paris, Hollande admitted that for him, the festivities would have to be short-lived.

    "There is a lot of joy and pride but also apprehension at taking on this responsibility at a difficult time for the country and for Europe," he said.

    After delivering a victory speech in his rural base of Tulle in central France, he flew to Paris and addressed tens of thousands of supporters in historic Bastille square.

    The new president is expected to be sworn in on May 15. As fears about the euro zone's debt crisis resurface following an inconclusive election in Greece, Hollande will travel to Berlin shortly thereafter to challenge Germany's focus on austerity policies and press new ideas for stimulating growth.



    Source taken from Reuters - http://www.reuters.com/article/2012/05/07/us-france-election-projections-idUSBRE8450AR20120507



    Dayum woulda never thought he'd be toppled, I think this the same dude who had the "Niggas In Paris" record as his campaign theme. I wonder what happens now....... Thoughts ?
  • BoldChildBoldChild Born alone, die alone. Posts: 11,291 ✭✭✭✭✭
    Yeah, the dude that won, Francois Hollande, is the one that used it.
  • BoldChildBoldChild Born alone, die alone. Posts: 11,291 ✭✭✭✭✭
  • SionSion Moderator, AHH Content Producer, AHH Editor Posts: 22,440 Regulator
    *threads merged*

    Aye fam my bad I didn't see that you made your thread first
    Trillfate
  • kingblaze84kingblaze84 Bronx, NY birthplace of hip-hopPosts: 10,573 ✭✭✭✭✭
    Wow, a socialist in power in France, this won't make investors and %bankers feel good about Europe. A 75% income tax rate on the rich is way too much lol but if he makes responsible cuts in govt and spends money responsibly, the country could be in good shape in the future. Can't say the same for America, our debt is past 100% of GDP and inflation is showing no signs of going away. I wouldn't want to see America in another 20 years but France might have a shot
  • SionSion Moderator, AHH Content Producer, AHH Editor Posts: 22,440 Regulator
    edited May 2012
    Wow, a socialist in power in France, this won't make investors and %bankers feel good about Europe. A 75% income tax rate on the rich is way too much lol but if he makes responsible cuts in govt and spends money responsibly, the country could be in good shape in the future. Can't say the same for America, our debt is past 100% of GDP and inflation is showing no signs of going away. I wouldn't want to see America in another 20 years but France might have a shot

    Stock markets around the world fell steeply just on the news alone LOLOL. I guess everyone worried if whether or not this new guy is gonna be co-signing Angela Merkel & the new "United States of Germany"...... Europe is sooo messed up right now it's gonna be interesting to hear what his policies are......

    75% is a lot LOLOL, if they really do get that 75% tax rate on the rich either duke gets clipped (God forbid) or the rich move to Switzerland SMH.....
  • rip.dillarip.dilla Posts: 14,871 ✭✭✭✭✭
    That Shit Cray
  • dontdiedontkillanyondontdiedontkillanyon Show me some love, you losers. Posts: 6,505 ✭✭✭✭✭
    Kanye and Jay-Z to perform at the inauguration?
    SionStoneColdMikeykingblaze84
  • Wild SelfWild Self Posts: 4,226 ✭✭✭✭✭
    wild shit at the 75%. Rich folk in America should never complain about the 40% tax that Obama is planning now.
  • TrillaaaaaaTrillaaaaaa Shout Out To All The Pear Posts: 5,707 ✭✭✭✭✭
    Lol yall niggas is clueless about socialism and economics

    America had a 91% tax rate when Eisenhower was pres and that only helped the economy
  • caddo mancaddo man You cant @ me bro Posts: 15,554 ✭✭✭✭✭
    edited May 2012
    Wow, a socialist in power in France, this won't make investors and %bankers feel good about Europe. A 75% income tax rate on the rich is way too much lol but if he makes responsible cuts in govt and spends money responsibly, the country could be in good shape in the future. Can't say the same for America, our debt is past 100% of GDP and inflation is showing no signs of going away. I wouldn't want to see America in another 20 years but France might have a shot

    Where the hell yall getting these numbers from???????
    GZus wrote: »
    Lol yall niggas is clueless about socialism and economics

    America had a 91% tax rate when Eisenhower was pres and that only helped the economy

    On income tax, capital gain, etc. ????
  • StoneColdMikeyStoneColdMikey I am what the people need. MIKEYFORMOD CHITOWN THE BEST TOWNPosts: 23,315 ✭✭✭✭✭
    kanye and jay won him that election.
  • dalyricalbanditdalyricalbandit Co-Owner Of AllhipHop.com, Super Moderator, Administrator, Moderator Posts: 51,994 Regulator
  • blakfyahkingblakfyahking The IC's Resident Father Figure Posts: 14,531 ✭✭✭✭✭
    Wow, a socialist in power in France, this won't make investors and %bankers feel good about Europe. A 75% income tax rate on the rich is way too much lol but if he makes responsible cuts in govt and spends money responsibly, the country could be in good shape in the future. Can't say the same for America, our debt is past 100% of GDP and inflation is showing no signs of going away. I wouldn't want to see America in another 20 years but France might have a shot

    the bolded is true

    it's funny how most mofos walking around don't know this fact
  • d.greend.green Posts: 7,224 ✭✭✭✭✭
    edited May 2012
    rip.dilla wrote: »
    That Shit Cray

    LOL

    Then lol @ 75% tax....rich frenchmen are going to move ASAP
  • cainvelasquezcainvelasquez Posts: 1,059 ✭✭✭✭✭
    BoldChild wrote:

    lol, American conservatives/republicans are mad, but gotdayum @ 75% income tax.

    .

    This is some borderline bullshit.
    1) 75 % is the marginal tax for over 1 million euro, how many guys earn that much? It means
    that anything less that 1 million euro will be taxed less than 75 %.
    2) Income taxes don't target the richest people who own capital goods and real estate, they rarely take out
    much income, and they buy real estates and luxury through their businesses. Making it a loophole anyway.
    3) It's just a proposal, meaning it would probably never be realised

  • PlutarchPlutarch Posts: 1,857 ✭✭✭✭
    d.green wrote: »
    rip.dilla wrote: »
    That Shit Cray

    LOL

    Then lol @ 75% tax....rich frenchmen are going to move ASAP

    I wonder if they'll come to the U.S and set up shop somewhere. It'll be like Cuba all over again, but with less beef.

    I also wonder what will happen to U.S.-France relations. That'll be interesting. And then you have Britain to boot.
  • And_So_It_BurnsAnd_So_It_Burns Posts: 771 ✭✭✭✭
    Socialist is just a title in the Western world. It's impossible to implement socialism in a for-profit nation
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