Chick-fil-a Bowl tickets 2 billion in the first half of 2006 against 11

Chick-fil-a Bowl tickets More increase of 30 of the price of fuel since one year and the persistent rise of rents as the prices of real estate, accumulated with the lower pressure of unemployment, place the evolution of the purchasing power at the forefront of the concerns on the threshold of the presidential campaign. This attention is legitimate, since the stagnation in the purchasing power of ( 0.9 in 2005) directly explains the stall of wealth per capita of the France from other developed countries and, with unemployment, is one of the major causes of the economic and social crisis that has settled the country. The blocking of the purchasing power is not starting point, but at the point of arrival of the disease of languor of the économie française, which takes its source in the crash of the competitive offer.

Thus, the action of the Government as the public debate are committed on false and dangerous routes. The first contraflow is the celebration of the growth found from the short-lived embellished in the second quarter of 2006, while accumulate activity risk factors in the world and in Europe. The second deals with the actual situation of the national economy, the fundamentals continue to deteriorate. The third is to search for in the guidelines of economic policy, which should focus on the reconstruction of the productive base instead of multiplying the placebos are aid targeted to electoral constituencies or the proliferation of public subsidized jobs Chick-fil-a Bowl tickets.

The France is re-edit the major error of 2002, which saw presidential campaign focus on the distribution fruits of unrealistic growth of 3 in full reversal of the global environment. Today as well, everyone seems to reason on a cruise of the activity rate between 2 and 2.5. Although even this annual rate, which would make 2006 a happy exception in the 2000 decade, always very indented not only from global activity (4.2) but the performance of French in the previous top of the end of the 1990s cycle. When well even profile, if not a recession, at least a net slowdown in the global and European economy under fire crossed five factors.

The two premiers, global, come from the high price of energy and raw materials, as well as the increase in interest rates. The third, the United States, stems from the exhaustion of the American consumer, which the bulimic consumption which reinsures global growth over the past fifteen years, faces to the sharp downturn of the real estate cycle, with the key, a rate of growth already returned from 3.5 to 2 per year. The latter two are specific to the euro: on the one hand, restrictive policies were opened in Italy by Romano Prodi and especially Germany by Angela Merkel, as Alain Juppe in 1995, takes the risk of killing egg recovery by increasing the rate of VAT on 1 January 2007; 16 to 19 on the other, the ECB continues in the disastrous strategy of the strong euro, which translates into a new increase of 8 of the single currency against the dollar since the beginning of the year 2006, resulting in a loss of half a percentage point of growth for the area. In short, the France reaches a performance honourable in terms of growth on the eve of the reversal of the world, and 2007 cycle occurs in a much harsher light in the world and in Europe.

Second, the analysis of the content of growth emphasizes the character both non-sustainable, dependent, and regional development of the French economy. First, the growth and employment are funded credit: to one side, consumption, which remains the only stable growth ( 0.7) vector, is supported by the continuation of the race on the rise of social transfers and public aid that feed deficits as well as by the use of solid household borrowing ( 12); the other, the decline in the unemployment arises out of the decline accelerated in the workforce because of the anticipation of the departure in retirement and the multiplication of public or semi-public jobs subsidized. Then, the external constraint continues to worsen, reflecting the loss of competitiveness of the productive apparatus: the deficit of trade balance reached EUR 15.2 billion in the first half of 2006, against 11.2 a year ago. French exports are 1.8, compared to 3.3 for exports. Finally, the increase in activity was triggered by the German recovery, resulting in the recovery of their stocks by companies ( 0.8). Globalized major groups remain so isolated in the provincial economy, it is progressively upgraded on Euroland and is indexed on the German cycle, more than in taking on global activity.

Support of consumption through transfers to households and subsidies for employment-centred economic policy of the France does short term purchasing power only at the cost of a deterioration of the growth potential in the medium term. With the rise of the EPP, the premium social cohesion, re-entry school and University, cheque from transport added to the plan for the dependency, to the relief of workload for restaurateurs, the measures benefiting farmers and fishermen, to the provision of a computer and Internet access for 1 euro per day, are more than 5 billion euros of additional expenses that have been incurred since the spring and which are in reality financed by the debt that is claimed to reduce. Today consumption is therefore pledged on the incomes of future generations. Moreover, as early 1980, without a competitive national offer, support of consumption benefits in priority to imports, including from emerging countries. Finally, the accelerated decline of the labour force is a powerful factor of declining activity and income for the future.

Chick-fil-a Bowl tickets Four conclusions emerge. 1 Improvement however modest and fragile growth and employment in France hides the continuous degradation of the competitive position of the country, which will not fail to appear in its breadth in the downturn of the global cycle emerging. (2) The alarming slowdown in purchasing power is its true cause in the blocking of competitive supply, the productivity gains and the volume of work. 3. The economic policy of the Government aggravates medium-term problems it claims to solve: the solution does not lie in the multiplication of consumption aid and work posts funded under the public debt, but in priority increased production and dealer employment. 4. The degradation of the fundamentals of the French economy allows more right to the error: economic debate of the presidential election of 2007, decisive between all, must focus on ways to rebuild a competitive French offer in an open economy, first condition for the sustainable return to full employment, of the progress of the power to purchase and financing of a high level of social protection.