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Another Slap For Merkel As Her Presidential Pick Does Not Get Enough Votes In Second Round

Tyler Durden's picture




 

The German presidential election is heading for a third round, after Chancellor Merkel's presidential candidate Christian Wulff was unable to generate an absolute majority in the second round against opponent Joachim Gauck. Even though this position is largely a figurehead, it is another symbolic slap in the face of the Chancellor, who finds herself navigating increasing dissatisfaction over her austerity measures, coupled with the controversial decision to bail out Greece and Spain, and French banks, further augmented by an increasing German desire to pull away from the Euro. In the third round candidates need only a simple majority to win. Voters consist of a special assembly that elects the head of state,
made up
of members of parliament and delegates from 16 states.

 

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Wed, 06/30/2010 - 11:27 | 444199 LoneStarHog
LoneStarHog's picture

Hey, Merkel, if all you want is a FIGUREHEAD, we have a Nigerian that we can send to you.  In fact, we will PAY YOU to take him. Please TAKE HIM !!!

Germany needs Hope & Change...

Wed, 06/30/2010 - 11:35 | 444216 Dingleberry Jones
Dingleberry Jones's picture

At least get the country right. Jeez.

Wed, 06/30/2010 - 11:36 | 444220 Ragnarok
Ragnarok's picture

Kenya?

Wed, 06/30/2010 - 11:39 | 444228 taraxias
taraxias's picture

Does that make Obammy a keynesian from birth?

Wed, 06/30/2010 - 11:42 | 444234 Ragnarok
Ragnarok's picture

LOL, I don't know but apparently he was a real bad ass in Indonesia.

 

http://bighollywood.breitbart.com/bighollywood/2010/06/25/little-obama-t...

Wed, 06/30/2010 - 11:49 | 444252 zenmeister
zenmeister's picture

That _is_ funny!!!

Wed, 06/30/2010 - 12:48 | 444386 caconhma
caconhma's picture

Oh shit, your post is the best ever at ZeroHedge.

 

Since ZeroHedge does not allow for recommendations, I still give you +1,000

Wed, 06/30/2010 - 13:25 | 444471 DosZap
DosZap's picture

OOOPS...................too late, Facist's already removed said Vid.

Damn.

Wed, 06/30/2010 - 14:47 | 444645 Dingleberry Jones
Dingleberry Jones's picture

Freaking awesome.

Wed, 06/30/2010 - 11:39 | 444229 LoneStarHog
LoneStarHog's picture

Oops!...Head says one thing and fingers say another...Sorry!...Didn't even catch it on Preview.

Wed, 06/30/2010 - 11:38 | 444224 LoneStarHog
LoneStarHog's picture

?????

Wed, 06/30/2010 - 11:42 | 444236 resipsaloquacious
resipsaloquacious's picture

Wait, I thought he was a Kenyan?  Or was that an Indonesian (Manchurian) Candidate taught at a wahabi madrassa? 

 

Wed, 06/30/2010 - 11:30 | 444204 Caviar Emptor
Caviar Emptor's picture

Not to worry. We'll have a private little discussion with our friends out there about all this "austerity" nonsense. We'll fly some $1million gift cards out there good for shopping in Vegas. Then we can all go back to "Print and Bail".

Wed, 06/30/2010 - 11:30 | 444208 Ragnarok
Ragnarok's picture

OT: Regarding the article earlier this week about the fictional Russian press release of only accepting gold for international trade/settlement and the creation of a Gold Dolar banking system based in London, Switzerland and Singapore, In such a scenario why wouldn't the US/UK/Japan want to get out in front and create their own Gold Dolar more favorable to their interests?  Does such a plan already exist?  Furthermore if the Russians were to create such a system why not bring China, Saudi Arabia, Canada, Australia, South Africa, The Stans and every other resource/labor rich country on board?

 

Any thoughts are appreciated.

Wed, 06/30/2010 - 11:36 | 444219 LoneStarHog
LoneStarHog's picture

The U.S. can't gold-back anything without publishing a complete and verifiable audit of its gold reserves, which was last done in the 1950s. This audit would probably show that the U.S. has NO gold that is not either SWAPPED and/or UNENCUMBERED.

China, Russia, et al has published and verifiable reserves.

The U.S. is TOTALLY broke!

Wed, 06/30/2010 - 14:26 | 444603 DosZap
DosZap's picture

LSH,

Except for the backs of 300+ Million SOON to be SERF's.........

I can just pishah maself now, bent over in a Rice Paddie.........w/my bambooboo hat...........

Wed, 06/30/2010 - 11:37 | 444222 ZackAttack
ZackAttack's picture

Pretty sure the IMF charter explicitly forbids member states from issuing asset-backed currencies.

Wed, 06/30/2010 - 14:27 | 444604 DosZap
DosZap's picture

Zack,

YUP

Wed, 06/30/2010 - 11:46 | 444244 Cursive
Cursive's picture

Any proverbial slap that Merkel gets will be soothed by a Dubya back rub.

Wed, 06/30/2010 - 11:57 | 444247 M.B. Drapier
M.B. Drapier's picture

Voters consist of a special assembly that elects the head of state, made up of members of parliament and delegates from 16 states.

Speaking of which, isn't it time for the US to move back to actual (not just /de jure/) indirect election of its president? It might be worth paying close attention to the election protocol the Republic of Venice used to elect its Doge for over half of its thousand-year lifespan. CA's aspiring institutional reformers should probably take a close look at it too.

Wed, 06/30/2010 - 14:01 | 444556 Geoff-UK
Geoff-UK's picture

No need to toss out the Electoral College--founding fathers knew what they were doing.  There's enough election fraud going on as it is without encouraging ACORN by making every cheated vote count for the total.  At least make them WORK for it in EACH battleground state.

Wed, 06/30/2010 - 15:32 | 444734 M.B. Drapier
M.B. Drapier's picture

I wasn't suggesting direct election of the US president based on a single national constituency. I was suggesting something that would (hopefully) work the way that the electoral college was intended to work, but actually hasn't worked since at least 1828: as a genuine system of indirect election. Such a system would (if successful) weaken the power of both the Democratic and GOP machines and the zero-sum-game worldview they encourage and benefit from.

Wed, 06/30/2010 - 11:49 | 444253 DonnieD
DonnieD's picture

It's a tough sell for Merkel to give away German money to profligate Euro members while implementing austerity at home. You don't need a PhD from Iowa to figure that one out.

Wed, 06/30/2010 - 12:14 | 444315 Manipulism
Manipulism's picture

Nobody here dis her about austerity expect her coalition partner FDP which only have one agenda: cut taxes.(But only for the cronies)

There are a majority, even wealthy people , which would also pay more taxes but only when this game was fair.

Instead this coalition cut taxes for hotelowners as their first official act. Their austerity programm is focused on the little people, they have to pay the price for all this shit.

Even most voters of the FDP regrets their vote for this bunch of assholes which are only goin for their cronys and dont even hide this.

This election result means: Fuck you Angela and little Guido.

Wulf wasnt elected from his own partymembers.Even they have enough.

 

 

 

Its about her political style to do mostly nothin.

Wed, 06/30/2010 - 14:14 | 444588 Pectoralis
Pectoralis's picture

This election result means: Fuck you Angela and little Guido.

forget it! little gaydo won't get hard and angie, well, no need for discussion ;)

Wed, 06/30/2010 - 14:28 | 444607 carbonmutant
carbonmutant's picture

The third round should be a lot easier since the candidate needs only the most votes to win -- not an absolute majority as in the first two rounds.

Wed, 06/30/2010 - 15:38 | 444778 kaiten
kaiten's picture

Indeed:

Christian Wulff elected German president

http://www.marketwatch.com/story/christian-wulff-elected-german-presiden...

Sat, 08/21/2010 - 11:19 | 534739 herry
herry's picture

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