Former US president Obama wade[d] into the French election fight on Thursday with a highly publicized phone call to French presidential candidate Emmanuel Macron.
Obama stopped short of a formal endorsement, but it was made clear to everyone that he supports Macron, a former investment banker.
Macrons main competition at the head of what has become a four-way race includes two right-wing candidates, and the leftist Jean-Luc Mlenchon.
In a reflection of the division within the Democratic Party of the US, a group of people who led Bernie SandersBernie SandersSanders: Trump tax plan makes 'rigged' system 'worse' Planned Parenthood Action Fund launches GOTV effort in Montana special election Obama plants himself on the wrong side of French elections MORE campaign has endorsed Mlenchon and likened his struggle to that of Sanders, including similar spurious charges against both of them.
It is difficult to gauge the effect of Obamas intervention. While he is popular in France, it is worth noting that he intervened against Brexit before the vote, even going to the UK to campaign against it, and it still passed. So it is possible that Obamas endorsement will have the unintended effect of boosting right-wing, xenophobic nationalist candidate Marine Le Pen, who has some similarity to the leaders of the Brexit movement in the UK.
Macron was previously finance minister in the current government of President Franois Hollande, who is deeply unpopular.
Hollande, of the Socialist Party, is disliked partly because of the state of the economy, which has had almost no growth in income per person over the last decade, and 10 percent unemployment. He is also unpopular because of the reforms that the prevailing political interests backed by the IMF and European Union authorities have proposed and implemented, ostensibly to solve Frances economic problems. (I have written more about this here and here.)
These reforms focus on cutting Frances budget deficit, as a well as reducing rigidities in the labor market. These include reducing eligibility for unemployment insurance, means-testing social benefits, and legal changes that reduce the bargaining power of labor unions. Macron himself can claim credit for the Macron law, which made it easier for employers to dismiss workers.
Macron also supports the enormously unpopular cuts to the pension system that have already been made, including raising the retirement age for full benefits from 65 to 67 (and early retirement from 60 to 62).
This was particularly harsh, even as compared to when the US made the same increase in the age for full benefits in our Social Security system in 1983. US workers affected by that reform were given decades of advance notice, while in France it hit workers who were much closer to retirement.
Fortunately for the US, Obama did not follow this kind of program in response to the Great Recession here, when we had 10 percent unemployment. He could have pushed for much more to stimulate a faster recovery and more employment, and he supported some deficit reduction when he shouldnt have, but he clearly did not attempt the kind of counterproductive policies that people like Macron are promoting in France.
In other words, Macron represents a neoliberal program that offers regressive solutions for Frances problems of mass unemployment and economic stagnation. It is also worth noting that Frances annual interest payments on its public debt are just 1.7 percent of GDP, so the public debt problem is being overhyped.
For his part, Mlenchon proposes a progressive economic program that includes additional spending of 275 billion euros (294 billion dollars), or about 2.3 percent of GDP over the next five years.
Like many economists, he is operating under the idea that the problem facing the French economy is inadequate demand, not a rigid labor market or the public debt. Spending priorities include public investment in renewable energy and reducing carbon emissions, antipoverty programs, public housing, and lowering the retirement age.
One of the criticisms that was leveled at Bernie Sanders during his campaign, that is is being reenacted in France, is that he was promising too much and would not get things done. But part of the job of a political leader is to provide a vision of what is feasible and desired by the majority, mobilize people behind it, and fight for it. Then, he or she accepts a compromise that is the best possible deal at the moment, while continuing to fight for their program.
Like Bernie Sanders in the US, Mlenchon is a politician with 30 years experience in the legislative and executive branches of government, and electoral politics. He is not some young anarchist hurling tear gas canisters back at the police. He will know when to compromise for something that moves the ball down the field, and keep pushing for more.
It is sad to see Obama, as ex-president, throwing his weight against progress in France, and also in the US, where he intervened to preserve the status quo in the struggle for leadership of the Democratic Party in February.
Dont get me wrong. Obama was one of the best U.S. presidents in the past century, which unfortunately also says something about how low the bar for that contest is. The bar is especially low if we count, as human, the lives of non-US victims of US foreign policy, which is not often done in the Western mass media.
But Obama promised that as ex-president he would help reverse the Republican control of state governments that has allowed them to win national elections through gerrymandering US congressional districts and further disenfranchising Democratic voters. Without this gerrymandering and voter suppression, it isquestionable whether the Republicans could ever have national power in US. This is a worthy cause, and he could be a great ex-president by working on it, rather than trying to thwart progressive change in France and Europe.
Mark Weisbrot is Co-Director of the Center for Economic and Policy Research in Washington, DC, and the president of Just Foreign Policy. He is also the author of Failed: What the Experts Got Wrong About the Global Economy (2015, Oxford University Press).
The views expressed by contributors are their own and are not the views of The Hill.
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Obama plants himself on the wrong side of French elections - The Hill (blog)