Sullivan links to the following…

Walter Russell Mead looks ahead:

Hollande now has a delicate few weeks. French legislative elections are scheduled in June, and Hollande must steer between twin dangers. On the one hand, if it turns out that all his talk about reform and growth was just so much election verbiage and once he’s in office he plans to continue French policy more or less as before, then disillusioned voters could turn on him next month. On the other hand, if he pushes against Germany and the financial markets too forcefully, a crisis of confidence in France and in Europe could develop in the markets.

Note the turn of phrase we’ve been hearing a lot lately.   A Crisis In Confidence…

I’m a little fuzzy… They talking about loosing confidence in the ability of working people to deliver goods and services, or are they talking about loosing confidence in the ability of financiers to keep squeezing working people dry?

Yeah, yeah…rhetorical question. I’m just full of them.