At Tuesday’s joint press conference with Barack Obama and French President François Hollande, a reporter asked about how Hollande’s socialist policies, including the 75% top tax rate, would affect business and investment in that nation. The question led Obama to quip, “It’s good to know that reporters have something in common in both France and United States.” Unfortunately, so do their presidents, though of course Hollande is a member of France’s Socialist party, which at least features truth in advertising.