Petty Politics by Democrats = BAD POLITICS

Fox News: Reports that the lame duck Democratic controlled House will pass tax cuts for the middle class but not for more wealthy Americans. In other words they want to raise taxes on those very people that helps a Country get out of a recession. This is just petty politics by the Democrats, as long as the Senate Republicans and Conservative Democrats keep to all Americans getting a tax cut this act by the Democratic House is merely symbolic. They are doing the worse thing a politician can do and that is to pander to his or her base. This is not leadership its cowardice and bad politics of the first order. Did the House Democrats miss the 2010 Mid Term Elections, the one they lost.

Target = Portugal

Guardian: Reports that the bond markets are still uneasy about the debt of Portugal, the markets demanded that Portugal pay 5.2% interest on its yearly bonds. It can be assumed that Portugal will go to the wall in the New Year, then like Greece and Ireland it will have to be bailed out, the big elephant in the room is Spain, will the austerity package of the Spanish Government survive the protests and the political unrest from such protests. If and WHEN Spain goes expect the Euro to follow suite, on to the ash heap of history.

Another Attack ? = North Korea

BBC News: Reports that South Korean Intelligence thinks that North Korea will attack South again after its recent shelling of South Korea. If the Stalinist North Koreans attack again then South Korea has to defend itself, the theory is that South Korea cant react due to the fact that the North has the bomb, and can attack the South and Japan, lets look take a different view, the North must know that if it attacks the South or Japan with nuclear weapons the US will wipe North Korea from the face of the earth, thus South Korea if it reacts to a conventional attack with counter conventional attack will cause the North to pause, they will get the fact that the game is up, they will have to deal due to the fact that the game has changed, as long as the North thinks it has a free hand they will act as if they have the right of attack, change the game and get some real talks underway.

Elections have Results, Bush Tax Cuts vs. President Obama

The New York Times: Reports that the all Republican Senators have informed their Democratic Counterparts that the extension of the Bush 43 tax cuts come first, no movement on that then the US Senate is stalled. As President Obama stated elections have consequences, thus the Republican takeover of the House and the cutting of the Democrats majority in the US Senate means there a new ballgame on the Hill. The Republicans in the House in the new year can veto any Democratic Bill, Obama will have sell his base down the river if he wants a second term in 2012. Over the next two years the US will see if Obama is another Bill Clinton after his Mid Term losses in 1994 or another Jimmy Carter, at the moment Obama looks like a charismatic brother of Jimmy Carter.