Old Socialist on the utter decline of Western Newspapers!
May 06, 2025
Headline: The ‘Wall Street Journal’ calls on Trump to take the path of former French Socialist president François Mitterrand
Sub-headline: The financial daily, which closely reflects the views of the business community, hopes that the US president will abandon a misguided policy a few months after its implementation, like Mitterrand did in the 1980s.
Editor : Arnaud Leparmentier opening salvo ends in paraphrasing the Neo-Faschist rag The Wall Street Journal !
Has the worst passed? This is the faint hope that economic circles are clinging to after Donald Trump’s first 100 days in office, which have triggered distrust and indescribable chaos due to his trade war and caused a nearly 10% drop in the dollar against the euro. The Wall Street Journal is so stunned that it has invoked the spirit of a Frenchman, a Socialist no less – François Mitterrand.
Editor: I recall reading a biography of François Mitterrand by a women whose name escapes my memory, and I can’t find on the internet. Note that Arnaud Leparmentier of Le Monde quotes ‘The Wall Street Journal’ and its Kimberley Strassel, after a long involved, and at best of a comic notion, of selling the idea/notion of a ‘François Mitterrand Moment’ to the Trump Neo-Faschist cadre, and his Fellow Travelers at this ‘newspaper’ ?
Editor: Arnaud Leparmentier quotes Kimberley Strassel, she plays the role of Madame Defarge in the Trump World Toxic Melodrama. When will Sydney Carton make his appearnce?
The Wall Street Journal is an excellent indicator of the dismay among American economic circles, which thought that Trump’s second term would be a repeat of his first – chaotic, boasting about trade and migrants, yet fundamentally pro-business. Where business leaders made an opportunistic but futile allegiance, the daily maintained its editorial stance. Editorialist Kimberley Strassel expressed hope that “the president has lost control of the narrative, but he has a chance to retake it.” She urged the president to “use the 100-day mark to double-down on Trump 1.0 – and never look back.”
Editor: Kimberley Strassel is one of Rupert Murdoch trained and reliable cadre of underlings, with an appetite for retorical blood-letting!
Editor: The two political frauds, of the utterly bankrupt New Democrats : Senator Bernie Sanders (Vermont) and Representative Alexandria Ocasio-Cortez (New York) make their apperance as champions of what: Not the long abandoned New Deal Tradition of Franklin D. Roosevelt and Ferdinand Pecora of the Glass–Steagall Act?
The second is up to Congress and the daily saw red when some Republicans close to Vice President JD Vance or the populist MAGA (“Make America Great Again”) movement, including Steve Bannon, proposed raising taxes on the wealthiest (from 37% to 39.6% maximum marginal rate, as under Barack Obama) to counter left-wing Democrats: specifically, Senator Bernie Sanders (Vermont) and Representative Alexandria Ocasio-Cortez (New York) who are touring the country to denounce the takeover by Trump’s “oligarchy.”
Editor: Arnaud Leparmentier last and unimpressive paragraph! On Adam Smith recall the economist Amartya Sen’s introduction to Smith’s ‘The Theory of Moral Sentiments’ ?
Editor: The final paragraph and the final sentence…
Investors are divided over the issue: according to a Wall Street Journal survey, hedge funds have sold $1 trillion in stocks since the beginning of 2025, while 97% of American Vanguard clients did not touch their retirement funds in early April, hoping for better days ahead. Who is right, the Wall Street elites or those who are saving up money? Evidently, Adam Smith’s invisible hand is trembling.
Old Socialist.
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