Une Annee Horrible.(Point of View)(Nicolas Sarkozy's first year in office)

After a decent start, Sarkozy lost his way, reform slowed and his standing quickly plummeted.

Just over a year ago, Nicolas Sarkozy's inauguration as president of France generated enormous excitement at home and abroad. Here was an energetic, young, new brand of politician who'd campaigned on promises of radical reform and defeated a candidate pledged to protect France's famous--but unaffordable--welfare system. Sarkozy's talk of a "clean break" with the past, and his solid support among French citizens, led even the most cynical observers to believe real change might be possible this time.

Perhaps we should have known better. Sarkozy's first year turned into a bitter disappointment. After a decent start in which he helped negotiate a simplified EU treaty, helped free the Bulgarian nurses held captive in Libya and faced down striking railway workers, the new president lost his way. Reform ground to a halt. In less than 12 months, Sarkozy went from one of France's most popular first-term presidents ever to its least popular. Fifty-eight percent of French citizens now view him unfavorably, up from 33 percent in September 2007.

To be fair, circumstances haven't helped. Reforming a country so historically resistant to change isn't easy at the best of times, let alone today. Since Sarkozy took office, the price of oil has more than doubled; the euro's value against the dollar has shot off the charts (undermining French exports); rising food prices have further exacerbated the "purchasing power" problem Sarkozy pledged to solve, and a global financial crisis has curbed the economic growth he counted on to grease the wheels of reform.

Still, Sarkozy's greatest adversary has been an unexpected one: himself. Anyone who watched his hyperactive early career knew self destruction was always a risk. But many also assumed he would mature once installed in the Elysee Palace. Instead, the French public has been subjected to an extraordinary soap opera. The president's highly publicized divorce in itself elicited nothing more than a Gallic shrug; that was a private matter. What was anything but private, however, was the way Sarkozy then made his lifestyle--a relentless succession of yacht trips, Ray-Bans, Rolexes and vacations with his girlfriend turned wife, the singer-model Carla Bruni--the focus of his presidency. It turns out that having public fun with the rich and beautiful while voters are struggling with jobs and rising prices is not an endearing move for a politician in France. It's no wonder his controversial reforms have stalled.

It would be easy at this point to give up on ...