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A Harbinger of Things to Come or was this week just a Blip on the Political Map?

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rpannier Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-07-12 04:58 AM
Original message
A Harbinger of Things to Come or was this week just a Blip on the Political Map?
This week was unarguably the most horrible week for the international financial community, Angela Merkel, the conservative community in Europe and people who support the status quo have had in the past few years -- probably longer than that.

Like anxious university students awaiting the posting of their final grades, grades that would show they likely failed, they watched and waited for the results to come in.

The first event was not unexpected, but the breadth of the disaster caught many off guard and that was local elections in the UK.
The coalition of David Cameron's Tory's and his poodle the Liberal Democratic leader Nick Clegg took a thorough beating:
The Tories lost 12 councils, 403 council seats, and 2 seats in the London Assembly.
While the Lib Dems lost one council (reducing them to 6) and 329 council seats (almost half their numbers)
The result has emboldened the far ends of each Party, with the Tories wanting a bigger focus on tax cuts and conservative policies, while the LD wanting a greater focus on liberal reforms.
Some within both the Tory and Lib Dem seem willing to bring down the coalition to get their way. A prospect that would likely find Labour running the government.

On Sunday, the first, and most expected, blow came out of France where Francois Hollande was easily elected as France's new president.
Hollande, leader of the Socialist Party, benefited from a variety of factors, not the least of which were the problems in the French economy that left the French with 10% unemployment and an S&P downgrade that left the self professed financial-manager-in-chief unable to explain why he should get re-elected.

While Sarkozy ran a near apologetic campaign; blaming everyone, but himself for the economy, Hollande ran a much more upbeat campaign, he articulated a vision was very broad and very well articulated. Raising income taxes on the uber wealthy, who have benefited the most from Sarkozy's economic model, state spending on the less wealthy, rethinking France's position on Afghanistan, Syria and other places around the world.

At the end of the day Hollande's ace-in-the-hole was always, "I'm better than the guy squatting in the office right now."

The 3rd shot came out of Greece, where in spite of a free 50 seats going to the winning Party, in addition to what they won at the polls. The best the conservative New Democratic Party could get in a coalition with the PASOK party is 150 seats (50%)
There is no other Party in Greece that has seats that supports the austerity package.

There is a real possibility that no Party will be able to form a government and they'll go back to the polls in June.
To try and avert this, the New Democratic Party (conservative) have said that the banks and other lenders are going to have to change their austerity demands.
The Syriza Party, a real left party, as opposed to banker friendly PASOK, finished 2nd. They are led by Alexis Tsipras. The Syriza Party is a coalition Party of the true left and green groups.

The election of Hollande may help to force a change in the way austerity measures and pro-banking policies in Europe are amended.

The 4th, and from Merkel's position, most unsettling came in her own country, in the northern state of Schleswig-Holstein, the Social Democrats scored a major push and will govern the region. While her own Party lost very little, their coalition partners took a beating and the CDU will not be governing.

In the past year her CDU Party has lost seats and control of other states. But this loss could prove very damaging ahead of elections in North Rhine-Westphalia. North Rhine-Westphalia is one of Germany's largest states boasting about 24 million people.
A loss there would seriously call into question whether her Party was on the ropes come future elections.

With other elections coming up, the question now becomes how much more of a beating can the apologists of the IMF and Banking community take before they are the next to go?
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-07-12 05:26 AM
Response to Original message
1. The 1% is already doing everything that it can to make Europe regret its recent votes.
http://www.democraticunderground.com/discuss/duboard.ph...

Here's hoping that the tide finally turns in the eternal class war that the 1% has been waging on the rest of us since well before the first Pharoh and the first Roman emperor.

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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-07-12 05:27 AM
Response to Original message
2. P.S. Great post. Reccing.
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rpannier Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-07-12 06:33 AM
Response to Reply #2
3. Thanks
I used the term 'real left' for the Syriza Party and Mr Alexis Tsipras, rathder than the term some news publications use (radical left) because I don't find being unwilling to betray your country to a bunch of crooked banks to be radical
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-07-12 06:39 AM
Response to Reply #3
4. You're welcome. The right twists itself into pretzels coming up with derogatory and/or
scary adjectives for the left.

It would be comical--and probably is abroad--but I think Americans are too trusting of what they hear and read.
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-07-12 09:16 AM
Response to Reply #3
5. Here's a story that illustrates your point. It keeps using "radical."
Of course, America is even worse, referring to New Democrat Obama as Socialist.

http://www.cnn.com/2012/05/07/world/europe/greece-elect...

At least the New Democrats in Greece are accurately labeled "New Democrats" and "center right," not "Socialist," even though anyone to the left of them is incorrectly labeled "radical."

The message of the Greek elections seems to me to be "We don't support ANY politicians who empty the Treasury for bailouts, then tell the 99% to make sacrifices because the Treasury is empty."

If we had more than two parties, maybe we could send that same message. However, the two major Parties and their propaganda arm media have made sure we can't send messages like that simply by voting.


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Leopolds Ghost Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-07-12 10:02 AM
Response to Original message
6. This is an excellent article, rpannier. Have you published it on a website or somewhere?
I mean published blog, as opposed to a discussion group style ;-)
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rpannier Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-07-12 07:02 PM
Response to Reply #6
8. No
I put it together from following the elections in Europe and decided to post it here to see what people think
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Me. Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-07-12 10:38 AM
Response to Original message
7. A Clear Message Was Sent
But ears are unwilling to hear or acknowledge it. They will ignore it until it is too late foe them. Let's hope the Cons in this country do the same and are subject to the same result/ +1
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