EXIT NICOLAS SARKOZYEDITORIALNEW YORK TIMESMr. Hollande has already made clear that he intends to restructure France’s economic policies, attacking the country’s deficit by raising taxes on the rich and big corporations while using government programs to stimulate growth and create more jobs. … The United States economy is doing better than most of Europe. But the austerity debate continues here, too. So is there a warning for House Republicans who have endorsed Representative Paul Ryan’s draconian budget? … Controlling deficits is important, but too much austerity too soon will stall a recovery, or worse, and wreak havoc on lives. Europe’s grim growth numbers prove that. And voters in Europe have figured it out.AUSTERITY AS A BRIDGE TO NOWHEREBY EUGENE ROBINSONWASHINGTON POSTEconomic austerity is a dangerous, self-defeating intellectual fad. Perhaps I should say that’s what it was, given Sunday’s election results in Europe. … Voters in France, Greece and even Germany — a hotbed of the austerity cult — told their political leaders, in no uncertain terms, that boosting economic growth is more important than cutting government spending. Here in the United States, I hope that Democrats, at least, were paying attention. … Mitt Romney and the GOP subscribe to the pro-austerity view. They are, of course, entitled to their opinion, even if it happens to be wrong. I sincerely wish them all the electoral success their ideological allies are having across the Atlantic.
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