Even ultra-socialist Europe is realizing that years of liberalism and socialist economic policies kills productivity and destroys economies. Pro-business, capitalist politicians are beginning to make headway in returning Europe to a strong economy which isn’t built by false government subsidies.
Report from Yahoo News:
BRUSSELS – Conservatives raced toward victory in some of Europe’s largest economies Sunday as initial results and exit polls showed voters punishing left-leaning parties in European parliament elections in France, Germany and elsewhere.
Some right-leaning parties said the results vindicated their reluctance to spend more on company bailouts and fiscal stimulus amid the global economic crisis.
First projections by the European Union showed center-right parties would have the most seats — between 263 and 273 — in the 736-member parliament. Center-left parties were expected to get between 155 to 165 seats.
Right-leaning governments were ahead of the opposition in Germany, France, Italy and Belgium, while conservative opposition parties were leading in Britain and Spain.
Greece was a notable exception, where the governing conservatives were headed for defeat in the wake of corruption scandals and economic woes.
Germany’s Social Democrats headed to their worst showing in a nationwide election since World War II. Four months before Germany holds its own national election, the outcome boosted conservative Chancellor Angela Merkel’s hopes of ending the tense left-right “grand coalition” that has led the European Union’s most populous nation since 2005.
“We are the force that is acting level-headedly and correctly in this financial and economic crisis,” said Volker Kauder, the leader of Merkel’s party in the German parliament.
France’s Interior Ministry said partial results showed the governing conservatives in the lead, with the Socialists in a distant second and the Europe Ecologie environmentalist party a close third.
French Socialists said their defeat signaled a need to rethink left-wing policies if they are to have any hope of unseating President Nicolas Sarkozy.
This simply illustrates that more Americans need to wake up to the fact that Europe went down the road we’re on decades ago and it led to 18% unemployment, degrading of their health care system and general loss of economic liberty. They are begining to realize the failures of socialism and are now pushing back.
Unfortunately, we’re just stepping off the socialist cliff and unless it can be stopped, we will become the socialist dinosaur as Europe moves back toward a capitalist model.
More on this from Bloomberg:
June 7 (Bloomberg) — German Chancellor Angela Merkel and French President Nicolas Sarkozy led pro-business parties in defeating socialists in European Parliament elections, lessening the pressure for more stimulus measures to fight the deepest recession since World War II.
Amid signs the economic slump is bottoming out, the continent’s top two leaders escaped the drubbing in European Union-wide elections that was handed to U.K. Prime Minister Gordon Brown and socialists in smaller countries including Spain, Austria, Portugal, Hungary, Bulgaria and Slovenia.
Merkel’s Christian Democrats and allied Christian Social Union racked up 38 percent of the German vote, beating the rival Social Democrats with 20.8 percent, according to preliminary results. Sarkozy’s Union for a Popular Movement scored 28 percent, beating the Socialists with 16.8 percent.
“It’s a very successful election for Merkel,” said Jan Techau, an analyst at the Berlin-based German Council on Foreign Relations. “Maybe it’s a sign that pressure will ease regarding demands for more social spending to counter the economic crisis.”
Overall, the center-right group known as the European People’s Party remained the strongest in the Parliament, with 263 to 273 out of the total 736 seats, according to an initial projection. The Socialists won 155 to 165 seats and the Liberal Democrats 78 to 84.
“It is a very sad night for Social Democrats in Europe, we’re very disappointed, we had hoped for better results,” Martin Schulz of Germany, the socialists’ floor leader, said. “It’s a very bitter evening.”
In Britain, voters were set to deal a rebuke to Brown, battling to hang on to power after the resignation of six cabinet ministers in a week. Brown’s Labour Party braced for a “terrible” outcome, Wales Secretary Peter Hain said on Sky News.
France’s Socialists blamed internal disarray for their defeat. “We’re not yet credible,” Socialist leader Martine Aubry said. “Our Socialist Party has suffered from internal battles and divisions.”
It’s a shame that America refuses to learn from these failures. Instead, Obama fooled people into believe that socialism guised as “hope and change” will lead to prosperity when the exact opposite is true.
However, this does give me great hope for America that if heavily socialized Europe can eventually wake up to see what it has done to their economy and competitiveness, America may realize it much sooner.
In fact, for a Europe that loved Obama so much, it appears our relations with Germany and France are worsening as our relations with Venezuela and Iran are improving. That’s an amazing set of priorities.
It seems to me that Merkel of Germany and Sarkozy of France may see President Obama as a token of the past, a socialist president with big spending proposals and government programs. Something that Europe is now heavily burdened with. It would be hard to talk politics when Europe as a whole is moving slowly away from socialism while President Obama is driving America down that dark road as we speak.