Federal Reserve and Monetary Policy: Would you like Freedom Fries with that order?

France did not go for the current EU constitution. I guess this means that it is the end of the world as we know it. The US's trade deficit is going to explode because of the lack of trade that some of the proponents of the constitution pointed at. Oh my, the Federal Reserve's monetary policy is in ruin. BushCo. is going to blame the every widening trade deficit on Newsweek, whoops, I mean they'll blame it on France.

This is, of course, not my opinion. I think 54% of the citizens of France analysis what was happening across the pond and decided they wanted no part of it. Not only would the EU constitution have devastated their Socialize Society, but it would have also meant a few trillion francs of private debt, a few trillion francs of government debt and a few trillion francs of trade deficit. France could have looked forward to a few million, uncontrollable illegal and legal alien migration. It would have also meant that France's economy would be dependent on an unregulated, global credit derivatives market. France does not have the benefit of a few multi-billion francs that a few hurricanes can release from various insurance companies directly into their economy.

I guess what they really wanted was not to lose control of their government.