[ Editor’s Note: French strikes during the holiday season seem to be designed to hurt the economy, with the protesters betting/hoping that the public will blame the loss on the government and not the unions.
The Yellow Vest people are joining in, but will be eclipsed by the union political power, as the game played there is that the government will give good deals to the main ones they need to break the strike, leaving the others screwed, especially the Yellow Vests.
As money goes up in smoke during this period of economic upheaval, the government will have even less money to dole out to make people happy, so debt/deficit funding will be the only available source.
This seems to be what the people want, passing the hypothetical, eventual payment of the debt down the line or risking inflation, which is effectively an indirect tax. Dummies don’t grasp this until the economy is in ashes.
Farmers will make their wishes known by blocking roads with their huge tractor “sit ins”, something they do in the planting “off season” to make sure they are not forgotten.
Rail traffic today is gridlocked but airline travel is close to normal, with the general strikes planned to continue through early next week. The French early retirement system has been a political sugar plum that the country cannot afford; and the battle is now about who will be winners and losers.
Macron sails through the turbulence in a nonchalant manner, while posing as a major player on the world stage. I suspect he will want to run for a major EU position eventually, and is grooming himself for that. He does NOT want to retire early … Jim W. Dean ]
– First aired … December 05, 2019 –