{"id":16662,"date":"2016-01-19T14:52:30","date_gmt":"2016-01-19T19:52:30","guid":{"rendered":"http:\/\/olduvai.ca\/?p=16662"},"modified":"2016-01-19T14:52:30","modified_gmt":"2016-01-19T19:52:30","slug":"france-in-state-of-economic-emergency","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=16662","title":{"rendered":"France in State of Economic Emergency"},"content":{"rendered":"<header class=\"entry-header\">\n<h3 class=\"entry-title\"><a href=\"http:\/\/www.armstrongeconomics.com\/archives\/42105\" target=\"_blank\">France in State of Economic Emergency<\/a><\/h3>\n<\/header>\n<div class=\"entry-content\">\n<p><a href=\"http:\/\/www.armstrongeconomics.com\/wp-content\/uploads\/2014\/03\/hollande-shocked.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"  wp-image-31780 aligncenter\" src=\"http:\/\/www.armstrongeconomics.com\/wp-content\/uploads\/2014\/03\/273x235xhollande-shocked.jpg.pagespeed.ic.xo4F9qF7hC.jpg\" alt=\"hollande-shocked\" width=\"273\" height=\"235\" \/><\/a><\/p>\n<p class=\"story-body__introduction\">President Francois Hollande has publicly stated that the French economy is now in a state of \u201ceconomic emergency.\u201d He\u00a0set out a \u20ac2bn job creation scheme in a desperate attempt to lift France out of an economic death spiral created by his socialistic policies that have raised taxes and chased out those who create wealth and jobs.<\/p>\n<p>Hollande\u2019s scheme, he proposes, will be a two-year plan where firms with less than 250 staff will get subsidies if they take on young or unemployed persons for six months or more.\u00a0In addition, Hollande says he will create 500,000 vocational training courses, but that is pointless without firms hiring.<\/p>\n<p>France\u2019s unemployment rate is officially 10.6%, compared to a European Union average of 9.8%, and 4.2% in Germany. However, these numbers are modest and do not properly reflect the students who cannot get a job to start with. He also says that this program will be paid\u00a0<strong>\u201cwithout any new taxes of any kind.\u201d<\/strong>\u00a0I suppose he is finally realizing that raising taxes shrinks the private sector and that means less jobs are available.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>France in State of Economic Emergency President Francois Hollande has publicly stated that the French economy is now in a state of \u201ceconomic emergency.\u201d He\u00a0set out a \u20ac2bn job creation scheme in a desperate attempt to lift France out of an economic death spiral created by his socialistic policies that have raised taxes and chased [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[5496,11809,279,284,334,5925,5479,2799,824],"class_list":["post-16662","post","type-post","status-publish","format-standard","hentry","category-economics","tag-armstrong-economics","tag-economic-emergency","tag-eu","tag-european-union","tag-francois-hollande","tag-global-unemployment","tag-martin-armstrong","tag-socialism","tag-unemployment"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16662"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16662\/revisions"}],"predecessor-version":[{"id":16663,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16662\/revisions\/16663"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}