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French Socialist President a Game-Changer in Europe?

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  • Description

    FBN's Neil Cavuto weighs in on France's attempt to implement austerity measures.

  • Duration 4:47
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Thank you know how well the election of the Socialist Party candidate -- swap alarmed over the weekend in France -- the new president.

Lot of people think it's a game changer in Europe this -- promising to shift the burden of economic -- -- in other words tax the rich.

-- that I senior vice president and editor -- box business joins us with more.

Doesn't mean is it that big of a deal with the Wall Street Journal in its editorial today about it seemed to just say it's voting the guy out who didn't deliver on its promises that they didn't.

What's wrong all the bums out I -- you details of the hello.

-- parties were repudiated in.

In Greece who we -- elections.

To say nothing of what's been going on France I think it's a bit -- and -- incumbent mood here but I do think it's worth pointing out that.

Austerity is not being well received so it the fund.

-- on the leaders in this country.

I'm thinking well what's that the carry over for us.

The tough medicine does not sell it might be the right medicine and might -- The appropriate Madison but it does not so that the medicine they're quick results in other words the patient.

Was recovering and there were dramatic results from that.

I think we might have had dramatically different results in France.

Keep in mind that in the run up to these elections the extreme far right candidate cut 20% of the vote.

You could argue that.

-- -- they're not -- A three way race among those who -- and Sarkozy would have survived this and still been in power like some 5% of the ballots that were on in this election -- -- were -- You know that makes -- -- there's a veto vote you know you just.

Decided it doesn't and that's your right to hate myself yes I'm like you about the wind -- -- if -- I don't know what that I would.

But the bottom line is you know you have a country that normally has 95%.

Eligible voters going to -- think about that in this case 80% -- still we would begged an MB and bought something like that here.

But for the French this is as close to being Friday's you can get all the thing we always talk about in a very good -- this that we always talk about -- -- come up with these or -- basically -- that -- sleep.

Pretty you really stuck about -- -- -- hateful little snide remark that you're -- that there is no I had what is your leaving was point DI.

Not I'm still a bit -- JC Penney comment add -- and lead definitely but -- better.

And it all your meaningful or -- less less -- and 321.

You -- we always talk about here the United States how people feel you know vs the economic statistic no we're not in recession and and peoples but we are now -- -- -- one of the few things that have well.

And others -- -- -- -- some have been seriously that when I want to Ireland a couple times last year to cover the economic blow up there did you remember the people that there's a joke that people.

He this austerity -- people in the street -- you know they say.

Why why.

You know the normal guy even whether the conservative more or -- liberal they say.

These bankers these these people that ruined our lives why my sit here and -- what can I get my service is why don't I -- Well it's a good quite a lot of them go a step further especially those whose memories are long -- to to -- called German occupation and the rest.

Why are we paying back the Germans -- today.

Setting under the terms of this deal and we don't really like that would you go to the Greeks -- certainly the Italians.

Or the Irish what you remember them for me overnight reports I think bit.

They are upset about that I think typical everyone collectively is saying I didn't create this -- so -- might think it.

Yeah but these are these are countries that have very generous benefit got -- benefits for the population -- do you think in this environment taken.

Anyone.

Is gonna cut back on those benefits now.

No and that's what winners and get my question quickly -- is are we past the point -- returned here to be able to fix our entitlements I mean -- security and Medicare.

And it we're -- we're getting more people on disability by the month.

Well I think the message and their citizens that there won't be the will to do and I think there should be the -- -- do it but -- -- Tea Party are looking at this and saying.

On the -- -- Newt Gingrich was where it right over the weakening we've lost our own -- and we've lost his sense of global responsibility.

But there only a couple of options left send if you're not gonna to scale back those benefits.

Then you're gonna have to pay a lot more for them and presumably that means go live to the rich so now.

Satan don't mr.

little tonight at 6 PM is that really mean you don't mean that I -- -- -- -- -- exhaustive you just put me down and out.

-- -- -- like Heathrow bone to -- so you have to but I certainly Dana what do you do.

I'm not -- well I'm sorry stars I mean there.

-- after years you know.

You know relevant watching your show him because he is a -- has no life -- -- suspect he does and he feels hip and cool -- of this -- taken was just saying he's daily appearances are working on very well.

I didn't know from being the go to the right thanks a lot to join the rescue had great carruthers and regardless of Warren -- --

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