The moochers and the looters are rubbing their hooves in glee as Socialist Hollande is now set to become next French president. It is a harsh blow for the individual as a statist ekes out a victory in France. Hugely disappointing.
Partial official results, with about half of the nationwide votes counted, showed Hollande with 50.8% compared with 49.2% for for Sarkozy, the Associated Press said.
The Telegraph liveblogged the election here: Hollande defeats Sarkozy to win French presidential election.
Who will pay for all of these entitlements .... who shall be further enslaved? Who shall save Europe from its impending debt crisis? Not this time, America. We are certainly not in any position to save anybody. Lord knows if we can save ourselves from our own socialist in the White House.
Is the EU even sustainable? The war on the producers just got revved up a couple of notches.
PARIS—French voters elected François Hollande as president on Sunday, giving France a Socialist leader who has pledged to shift the burden of hardship onto the rich and resolve the protracted euro sovereign-debt crisis by softening the current prescription of austerity.
With his victory over conservative incumbent Nicolas Sarkozy in the second and final round, Mr. Hollande won a mandate to challenge German Chancellor Angela Merkel, who has imposed spending cuts as the main remedy to repair the public finances of heavily indebted European countries. Mr. Hollande, who has never held a national-government position, was planning to speak to Ms. Merkel ... (Wall Street Journal)
The news just keeps getting worse.
UPDATE: American Power is blogging it here.