This has to set off warning bells with even the most ardent Obamaton. Assuming, of course, they're sober.
Prime Minister François Fillon on Monday rejected demands that the French government seek to stimulate consumer spending, rather than follow his plan to stimulate corporate and infrastructure investment, to lift France out of its economic slump.Crap! Those ideas actually make sense.
"It would be irresponsible to chose another policy, which would increase our country's indebtedness without having more infrastructure and increased competitiveness in the end," Fillon said in a speech in Lyon.
Opponents of the government have been calling for an "Obama-style" stimulus plan, one that puts money directly into the pockets of working people.
Fillon said Monday that Électricité de France would increase investment this year by €2.5 billion to build and renovate new power plants and its grid. GDF Suez, the natural gas and water utility, would lift investment by €200 million.
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