Three years ago, Chancellor Gerhard Schroeder cynically used opposition to liberating Iraq to play an anti-American card just before elections in which he trailed his Christian Democratic opponents. He barely won a second term. Yesterday, facing a likely loss in elections in Germany's largest state, North Rhine-Westphalia, his Social Democratic Party's union backers played another anti-American card, this time depicting U.S. investors as blood-sucking parasites. Social Democratic chairman Franz Muntefering compared hedge funds to "swarms of locusts." This time, the tactic failed. Mr. Schoeder's party went down to a stunning defeat, losing the largely working-class state, home to one out of five Germans, for the first time in nearly 40 years. Last night Mr. Schroeder announced he would hold national elections this fall, a year ahead of schedule.
I try to resist schadenfreude, but in this case....
Read it here.
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