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The Backlash Against Spending Cuts
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FBN’s Gerri Willis on the austerity measures and elections in Europe and their impact on U.S. politics.
- Duration 0:57
- Date May 7, 2012
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FBN’s Gerri Willis on the austerity measures and elections in Europe and their impact on U.S. politics.
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Everybody I'm -- well as the backlash to spending cuts and the embrace of big government.
That's what we have now with the election of the first socialist president in France in nearly twenty years and -- losses to Germany's Conservative Party.
But what does it mean for us here in the US.
Already Democrats on this side of the Atlantic are using the European election results to press their case.
That austerity measures didn't working Europe and won't work here either.
The friendly working relationship but the White House is already begun President Obama has invited the new French leader to Washington this month.
Both -- share a lot in common the love of big government big spending and higher taxes the French president even ran on a platform of change.
Sound familiar.
Let's hope that's where the similarities stop we -- pumping up government spending as a way of pumping up our economy.
Was a failure now it's time for the private sector to step up that's my two cent.