Free and open elections are wonderful things, except for the part where people tend to elect the kind of leaders they deserve instead of the kind they actually need. Getting yourself elected on a platform of more spending, lowering the retirement age, taxing the rich, and saying the hell with the global finance system is pretty much a cakewalk. Politics 101 is pretty much focused on telling the people whatever they need to hear to give you their vote. Unfortunately, Politics 410 is the real world practice of how to govern once you find yourself taking over the plush new office you won in the last election. I suspect our friends in France are going to discover that governing is a far more problematic exercise than simply getting elected.

We live in a wildly interconnected world, particularly when it comes to the economy. Unrest in Europe, bad decisions, and blatant disregard for economic fundamentals will ripple across the Atlantic and wash up on our shores as tidal waves if a balance in the system isn’t maintained. For a hundred years, the United States could be counted on to prop up the international economy in times of distress. This week, this month, this year, the story is a little different. We aren’t in a position to flood the market with liquidity. We’re just barely in a position to eek out positive GDP growth for ourselves, keeping our proverbial head above water as it were… Even that’s required borrowing completely unsustainable amounts of money.

The system, for the moment, is in a perilous balance. Trying to go it alone based on election year promises seems like a sure recipe for upending what small measure of stability the marketplace has managed to achieve this year. I just hope our friends across the pond have the good sense to know the difference between electioneering and governing. If they don’t, well, the global economy and our own personal economies could be a much more brutal looking place a year from now. Might as well open the door on a new bloody Dark Age.

See, and people say I can’t be hopelessly optimistic.