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François Hollande, French Presidential Candidate, Says 'Finance' Is His Adversary

Francois Hollande

Le Huffington Post   First Posted: 01/23/2012 2:02 am Updated: 01/23/2012 5:12 am

"I am ready." These few words, slipped into a speech that ran for nearly 90 minutes, summed up the message François Hollande tried to convey Sunday before some 25,000 supporters crowded into the Parc des Expositions at Le Bourget, just outside of Paris.

In a hall filled to overflowing, fired up by the fervor of hypermotivated supporters, crushed by flags and posters, drowned out by the noise of vuvuzelas and foghorns, the Socialist candidate has undeniably succeeded in his show of power. From the opening of the festivities, led by Yannick Noah's upbeat concert, to the "Marseillaise" finale, sung on the platform by young supporters, far from the Socialist Party "elephants," there was not one false note in the program of the leader of the Left.

"I am ready." François Hollande's voice was deliberately grave, his expression determined, as though he were turning the page on the unfocussed nature of the post-primary period, the glitches and the vagueness that put the brakes on a soaring take-off.

"I am aware of my task: to embody change, to lead the Left to victory, and to give France back her confidence," the leader from Corr said. "Three months before the first round, what is at stake is France. It is always France."

"The soul of France is equality."

Those who are close to the former Socialist Party chief agree: something became clear in Seine-Saint-Denis. At Le Bourget, François Hollande gave his most intimate speech since the beginning of his campaign over a year ago. The result of a personal journey. "Everything in my life has prepared me for this day-my commitments, my responsibilities, the ordeals I have experienced. I am a socialist. I did not grow up on the Left. I had to make the clear decision to reach out for it, he says, evoking his parents, conservative but "with a generous soul."

Claiming his own "simplicity" as "the mark of authentic authority."François Hollande took particular care to distinguish himself in every way from his rival, Nicolas Sarkozy, whose name he never actually mentioned. "I am consistent in my choices, I do not need to continually change in order to be myself," he said, taking advantage of the sympathetic crowd.

"I'll let you in on my secret, one that I have kept for a long time but which you have no doubt discovered: I like people, whereas others are fascinated by money," he said.

The anti-bling bling angle is devastating, but there's also a bit of Jacques Chirac in this modest love he's expressing for the first time. The same Chirac who spoke to "this France that I love as much as I love you." Guaranteed success.

Using his advantage over an incumbent President accused of having "degraded" France a step further, François Hollande spoke at length of the values of the Republic.

"Every country has a soul. The soul of France is equality," he declared, brandishing the ideas of secularism, justice, equality, Europe. The presidential effect was welcomed by the public.

"The challenge was not a simple one: to meet very high expectations, while being the serene embodiment of the presidential," said a Socialist supporter after the rally.


"The adversary is finance": the Royal-Montebourg takeover bid

However, François Hollande, who says he bears the "thunderbolt" of 2002 "like a wound," did not make the mistake of forgetting next April 22nd's first round of elections. Jaurès, Mendès-France, Mitterrand, Camus... Not one symbol of the Left was missing in the appeal at Le Bourget. Although the chosen candidate from Corrèze has but rarely veered from the measured line that had marked the path of his campaign until then, he warned "I will promise only what I am capable of delivering," though this will not be possible without making a few concessions to the left wing of the party.

"The adversary is the world of finance," he began, to the applause of a crowd impatient to let Wall Street have it. Broadly echoing the proposals of Arnaud Montebourg and Ségolène Royal, François Hollande committed himself firmly to the Tobin tax and future bank reform. That's too much, say his critics. No matter, as the attack concentrated on the values that are essential to carrying the first round, and are a major expectation of those inclined towards the Left, as our exclusive Viavoice poll demonstrates.

Program, figures, alliances-they're waiting to trip up Hollande

The campaign is, indeed, far from complete. The violent reaction from Sarkozy's UMP party and the criticisms expressed by other parties on the Left demonstrate that the hardest part is yet to come. All the more so since the candidate has revealed only a small part of his program and, for the time being, has chosen to completely overlook costs. As his appearance Sunday evening on television made clear, Hollande has yet to prove that he is capable of fixing the French economy by means other than attacking "finance."

Get set, then, for next Thursday, the day when the winner of the primaries will finally reveal his priorities and his agenda as future President. For those who would believe the election is already in the bag, Martine Aubry has taken it upon herself to set things straight for the weeks to come: "There is only one battle. To fight to the utmost, and to the very end."

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"I am ready." These few words, slipped into a speech that ran for nearly 90 minutes, summed up the message François Hollande tried to convey Sunday before some 25,000 supporters crowded into the Pa...
"I am ready." These few words, slipped into a speech that ran for nearly 90 minutes, summed up the message François Hollande tried to convey Sunday before some 25,000 supporters crowded into the Pa...
 
 
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loutrerouge
Defending reason, secularism and equality against
04:46 AM on 02/03/2012
Really excellent views. His point about equality should be considered by all the religious apologists trashing France of late.
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the taoist
when memory and desire collide memory yields
08:28 PM on 01/23/2012
"And I welcome their hatred" FDR
(or something like that....)
jhNY
Mercy.
02:05 PM on 01/23/2012
""The adversary is the world of finance,"..By Jove, I think he's got it!
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OzzieTonto
“Hatred, the only thing that lasts.”
03:16 AM on 04/30/2012
"By Jove, I'm SURE he's got it!"
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12:46 PM on 01/23/2012
Hollande only said that Finance must be connected to real economy.

He's only asking how it's possible, finance could let an high technology sector down when commands are coming form the entire wold to a little French company ? It's just a interrogation in some cases.
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wvprogressive2011
Transwoman, Eco-Socialist
12:36 PM on 01/23/2012
Vive Hollande! I hope him all the best over Sarko, especially considering the fact that in all likelihood I'm moving to France.
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sampson2
Gardener
01:35 PM on 01/23/2012
I second your hopes for Hollande! And congratulations on your move to France. I have visited and enjoyed France very much and spend as much time as I can in Montreal since traveling to Europe has become difficult for me. F&F
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Yank in France
Rien se cree tout se transforme
02:43 AM on 01/24/2012
I welcome you to France but if you plan on working her and paying taxes, you might want to reconsider Hollande.

On the one hand, Sarkozy is an upstart and a snot nose, a bit like Giuliani and Ed Koch in New York, but he has also taken some very courageous decisions to reform the healthcare and retirement funds, which the socialists and assorted leftists would never even dream of doing.

And just in case you already speak French, here is an "advanced" French lesson: leftist or progressive does NOT equal "de gauche"! With time, you will find that the French left is rich in revolutionary slogans but poor new ideas for the world of today. They anachronistic in the extreme.

Hollande represents HIGHER TAXES in a country where an independent worker or freelancer pays 40% just for social taxes (retirement, health and 30+ other items!) in addition to income taxes comparable to those of the US. If you earn over €100,000 gross, you will take home around €40,000. With that, you get to pay 19.6% value added tax on most of your purchases.

The socialists mean LONGER LINES at govt offices, many bureaucratic holdups and more people living off the state at YOUR expense.

One last point: my points may seem like those of an American Republican, but I am a progressive Democrat. The problem is one of degree: French leftists have taken some good ideas and gone way, way too far!!

My prediction: Sarkozy will win in May 2012!!
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wvprogressive2011
Transwoman, Eco-Socialist
12:12 PM on 01/24/2012
With all due respect, I am fully educated on the ins and outs of French politics, French tax rates, etc. I've kept up with Sarkozy's policies. I've read the Socialist Party's manifesto, I've read Hollande's Programme as it has been released in Bourget. I would not make an endorsement of a candidate without proper research.

This aforementioned I'm in full support of Hollande and the French Left because I've read their policies. Hollande's plans for an public investment bank are superb, in addition to the expansion of the Livret A in order to fund more housing. I back him in making the judicial branch more independent. I believe he can more appropriately handle the Eurozone crisis as he is willing to go beyond the limitations Sarko and Merkel have set in repairing the damage. Plus Hollande's the only candidate who can both win and will further expand the rights of man to the LGBT community.

Above all else, I am inspired by his message that finance is his enemy. Taxing financial transactions, seperating banks by their activities like Glass-Steagall, taxing the rich further, limiting bonuses and stock-options, and banning toxic assets. He is the Progressive I want to see in America! I support him and the Socialist Party 100%, and if they win, I will gladly move to France and I will gladly pay my taxes in the knowledge that I am secure and I will live a good life.
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Merseysidefella
I read the news today oh, boy
08:27 PM on 02/02/2012
You are right : conservative, left, progresive, etc mean different things in different countries.
Also, the competent social democrats in Germany could mean the incompetent socialists in Spain. I do not know how it works in France .....
12:14 PM on 01/23/2012
Hope he not a rapist's like his buddy.
jhNY
Mercy.
02:07 PM on 01/23/2012
Less is more-- a bit of spelling advice.
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jymfrancais
Time to change my "Micro-bio"
12:08 PM on 01/23/2012
Beeing an"old" lefty from France, a "Miterrand generation", i am simply disapointed by the selection of Hollande, he represents the old left,was hoping a more modern candidate.
Sarkozy is easily beatable, but no sure Hollande has the aura to do it.
Michael II
Neither the one, nor the only
03:15 AM on 01/24/2012
Sarkozy won the last elections as he was a man with a plan, even if the plan was dodgy at times. In Hollande, I have yet to see the plan. His only virtue is that he isn't Sarkozy. I'm not sure that would sway my vote if I was French.
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12:01 PM on 01/23/2012
Ok. That headline is so over-the-top and misleading. I will never read Geoffroy Clavel again. Simply pathetic.
jhNY
Mercy.
02:08 PM on 01/23/2012
Headlines are nearly never written by the authors of editorials or news items, but rather by editors. Hope this helps.
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authorized-user
macho macho man
11:47 AM on 01/23/2012
The new chairman of the French Le T Party
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jymfrancais
Time to change my "Micro-bio"
12:05 PM on 01/23/2012
UH..The tea -Party is socialist?
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ThierryGhi
World citizen
12:06 PM on 01/23/2012
Some comments show the total ignorance of their author. Holland is as much a T Party guy as Golda Meir was an anti-Semite.
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Yank in France
Rien se cree tout se transforme
02:46 AM on 01/24/2012
Interesting...
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messy
artist, writer, adventurer
11:37 AM on 01/23/2012
here's the French presidential poll watch site:
http://www.sondages-en-france.fr/sondages/Elections/Pr%C3%A9sidentielles%202012

Notice that the latest one shows Hollande falling faster than Romney did in South Carolina, and neofascist Marine Le Pen within two percent of making the second round...this may prevent her from getting the magic five hundred signatures on her petition.
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wvprogressive2011
Transwoman, Eco-Socialist
12:51 PM on 01/23/2012
Sacré bleu! Don't tell me this is so! Oh, wait, what is that you say Ifop poll taken between Jan. 20-23? Holland 27%, Sarkozy 23.5%?! And BVA Poll taken from Jan 18-19? Holland 30%, Sarkozy 23%? Oh no! Hollande's lead compared from a month ago in the first round has only increase by half a point to one point! What a fall, just like Romney. Plus, Le Pen v. Hollande is like a devastatingly large win for Hollande.
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Yank in France
Rien se cree tout se transforme
02:50 AM on 01/24/2012
On this issue, we seem to agree. Sorry to give you heartache due to massive confusion. -:)

Sarkozy has been down in the polls with many giving his socialist opponent, the Mr Nice Guy of French politics and the exact oppositve of the upstart Hungarian XXX Sarkozy, but the man often compared to Rudolph Giuliani has also taken some very courageous stands.

See Roger Cohen's article in today's NYT/ 

"I visited Paris a week ago, persuaded that Hollande would edge it. I came away thinking Sarkozy is the more likely winner. The president’s political courage is undeniable: A lot of people who can’t stand him now sense they may need him."

http://www.nytimes.com/2012/01/24/opinion/the-sarkozy-effect.html?hp
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11:28 AM on 01/23/2012
"The adversary is the world of finance"

Hear, hear. If only Obama had the guts (or honesty and integrity) to speak like that.
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Annespeaks
12:34 PM on 01/23/2012
Oh please - you can argue many things about Obama, but one thing he has is integrity. He passed the most far-reaching wall street reform in the past 50 years. Notice how Goldman Sachs employees said this years lack of bonus' was a "bloodbath", screaming bloody murder - you think the banks did that by choice? I am a financial lawyer, so I can tell you first-hand- Wall Street no longer has free reign and are more accountable now than ever before. Thanks President Obama for FINALLY doing something about it - that's what you should be saying.
jhNY
Mercy.
02:09 PM on 01/23/2012
"Wall Street no longer has free reign"--- and then you woke up.
Michael II
Neither the one, nor the only
03:19 AM on 01/24/2012
You can say a lot of things before an election. Carrying through on them is something else.
10:47 AM on 01/23/2012
Finance IS the enemy right now, plain and simple. The people of nearly every western country are being forced to pay off the debts created by bankers, each with their own golden parachute! They don't care about us. They want our government to use our tax money to bail them out. Then they claim "class warfare." It's only class warfare when we fight back!

The vulture capitalists screw up the economy, then use that as a reason to destroy our social safety net. That is what is happening, and it very well may be a coordinated attack. Even if it's not, our reaction should be the same: boot 'em out!
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Yank in France
Rien se cree tout se transforme
02:57 AM on 01/24/2012
I totally agree with what you say about the bankers, especially the investment bankers and vulture capitalists, like Mitt Romney.

But many people in the world of finance also want reform. We just never hear from them! Some rightists or free marketers also argue that we don't need more regulation but implementation of existing regulations and oversight. However, they are precisely the ones who opposed such measures in the past!!

Unfortunately, socialism does NOT represent an answer, so we have to make due with capitalism. Can we reform it? In Europe, I would answer with a resounding YES. The Germans have unilaterally promulgated a tax on derivative transactions and the French have passed a law to tax just a little bit all short-term speculative transactions.

In America, I have a hard time imagining such laws ever passing. BIG CAPITAL rules in the US, because is the SOLE player on the political checkerboard!

It is up to the American people to stand up for OUR rights. It is time for the SHEEP to turn the tables on the wolves of high finance!!
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Merseysidefella
I read the news today oh, boy
08:31 PM on 02/02/2012
These are informed, balanced comments bro
10:38 AM on 01/23/2012
Will be interesting to see if 'finance' will become a 'real' topic.
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ThierryGhi
World citizen
12:09 PM on 01/23/2012
The good thing is that in France during the elections, bribery is not legalized, like in the US. Of course, there still is bribery, but it is much more difficult. So, it will be more difficult for the financial world to fight Hollande if he really means to take them on.
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VPerry24
Carpe Diem!
10:17 AM on 01/23/2012
We should have qualified candidates that know about "finances." But then again, if he is too far left then the CIA won't let him win.
09:53 AM on 01/23/2012
Do people realize that he is just saying what the crowds want to hear? Nothing changes, nothing ever will.
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Annespeaks
12:08 PM on 01/23/2012
that's optimistic...you sure you're an american?
01:52 PM on 01/23/2012
yes I'm sure (From the East Coast) I just know that political people are in the business of making promises that they have no intention to keep to win the popularity contest that is an election.
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Yank in France
Rien se cree tout se transforme
02:58 AM on 01/24/2012
You are right about Hollande, but, ironically for an American, it is Sarkozy who is pushing for financial market reform. The left is congenitally incapable of doing so in France!