Irony of the Day: Hollande Lectures US About Trump; Two-Way Frexit?

By: Mike Shedlock | Sun, Jul 10, 2016
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French president Francois Hollande endorsed Hillary Clinton while warning "U.S. Election Risks Turning Into Brexit Vote II".

French President Francois Hollande, who last month endorsed Hillary Clinton in the U.S. presidential race, said the November ballot threatens to play out along similar lines to the U.K.'s European Union referendum.

Just as U.K. voters rejected calls from political leaders and institutions to stay in the EU, a similarly anti-establishment sentiment may be brewing in the U.S., potentially damaging relations with Europe, Hollande said.

"The arguments in the Brexit vote and in the American presidential campaign are about the same," Hollande told reporters Saturday at a NATO summit in Warsaw. "In a friendly way, may I also give some advice to the American people to make the right choice when the moment comes."


Quite a Hoot

Francois Hollande giving advice is quite a hoot.

On June 2, 2016 Bloomberg reported "About 15 percent of voters have confidence in Hollande's leadership, down from 33 percent in December and 58 percent when he took office in May 2012, according to the survey. Only 33 percent of respondents who identify as left-leaning say they have confidence in the president, down 8 points in a month."


Marine Le Pen Surges in Polls

On June 3, Breitbart reported Marine Le Pen Surges in Polls.

It is less than a year until the French public will vote on the highest office in the country, and new polls suggest that the current president François Hollande could be in serious trouble.

A survey published by Le Monde on Thursday shows the French president polling at 14 per cent while likely Republican candidate and former president Nicolas Sarkozy scored 21 per cent. The clear winner of the poll was anti-mass migration Front National party leader Marine Le Pen who was favoured by 28 per cent of those surveyed.

The biggest loser in the poll is Mr. Hollande whose disapproval rating rose among the group surveyed. The percentage of those totally dissatisfied with the Socialist leader have gone from 43 per cent in March to 53 per cent. The level of satisfaction with Mr. Hollande, on a scale of 1 to 10, now rests at 2.1.

If the polling numbers remain steady going into 2017, the FN leader is guaranteed a place in the second round of the French presidential elections.

The French presidential election system is much like the Austrian system. The Austrian presidential election this year saw anti-mass migration Freedom Party of Austria (FPÖ) candidate Norbert Hofer win 36.4 per cent of the vote in the first round, but lose by a mere 31,000 votes in the second round to former Green Party leader Alexander Van der Bellen.


French Election Polls

Marine Le Pen

It's amusing that someone whose overall popularity is 14% would be giving advice to anyone.


"Beginning of the End of the EU"

On March 25, Euractive reported Following Cameron, Marine Le Pen Pledges EU Exit Referendum.

On June 28, Time magazine posted this headline: France's Marine Le Pen on Brexit: 'This Is the Beginning of the End of the European Union'.


Irony of the Day: Two-Way Frexit

Hollande, whose popularity is in the gutter, lectures the US about Trump when a two-way "Frexit" looms in France: once from the Euro and a second from the EU.

As a side note, the Austrian election issues is not settled. On July 1, citing vote-count irregularities, Austria's Constitutional Court Orders Rerun of Presidential Election.

Anti-immigration Norbert Hofer barely lost the Austria's last election, and did so only after postal ballots were counted. He may win this next attempt.

#Brexit It would behoove Hollande to look at his own problems first, and Europe's problems second before lecturing the US about Trump.

-- Mike Shedlock (@MishGEA) July 9, 2016

 


 

Mike Shedlock

Author: Mike Shedlock

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Mike Shedlock

Michael "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Visit http://www.sitkapacific.com/ to learn more about wealth management for investors seeking strong performance with low volatility.

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