What U.S. Politicians Can Learn from France’s Crazy Policy Initiatives
Since the Great Recession, the U.S. has been struggling in its ability to generate job creation and sustain an economic recovery. There are numerous reasons for the lack of job creation; some are theories, and some are based on actual experiences. I like to look at other countries that are also struggling with a weak economic recovery and learn from their mistakes, as well as their policies and initiatives that are preventing job creation.
One country from which America can learn a great deal about how not to create an economic recovery is France, due to its completely clueless policy initiatives. I have heard a lot of strange and ridiculous ideas about what’s best for an economic recovery, but the rhetoric emanating from France’s political leaders takes the cake.
To begin with, France is encountering an extremely weak economic recovery, with no chance of job creation anytime soon. In fact, the latest data for job creation in October reported that the number of people unemployed in France is the highest in over 14 years. This is the 18th consecutive monthly increase in France’s unemployment rate. (Source: “French Jobless Total Hits 14-Year High,” CNBC, November 28, 2012.)
