Voting begins in France, economy may doom Sarkozy

Reuters: France voted on Sunday in round one of a presidential ballot, with a feeble economy that could make Nicolas Sarkozy the country’s first president to lose a fight for re-election in more than 30 years.

In a contest driven as much by a dislike of Sarkozy’s showy style and his failure to bring down unemployment as by policy differences, Sarkozy and his Socialist rival Francois Hollande are pegged to beat eight other candidates to go through to a May 6 runoff, where polls give Hollande a double-digit lead. Hollande, 57, promises less drastic spending cuts than Sarkozy and wants higher taxes on the wealthy to fund state-aided job creation, in particular a 75 percent upper tax rate on income above 1 million euros. He would become France’s first left-wing president since Francois Mitterand, who beat incumbent Valery Giscard-d’Estaing in 1981.

Sarkozy, also 57, says he is a safer pair of hands for future economic turmoil but many of the workers and young voters drawn to his 2007 pledge of more pay for more work are deserting him as jobless claims have hit their highest level in 12 years. Many French people also express a distaste for a president who has come to be seen as flashy following his highly publicisied marriage to supermodel Carla Bruni early in his term, occasional rude outbursts in public and his chumminess with rich executives. “We have to get rid of Sarkozy,” said Marc Boitel, a trombone player taking part in a street protest ahead of Sunday’s vote. “People just want jobs.”

Boitel plans to vote for tub-thumbing radical leftist Jean-Luc Melenchon, who wants an anti-capitalist revolution, and then Hollande in round two, reflecting a voter shift that is unsettling some financial analysts as feeble growth threatens deficit targets in Europe’s No. 2 economy. Still, Sarkozy is a more formidable campaigner than Hollande, who lacks sparkle.The president’s verve at the podium combined with his handling of a shooting drama in southwest France in March saw him claw back some ground in opinion polls last month. But he has since slipped back, leaving Hollande 10 or more points ahead in surveys for the deciding runoff.