Where is Gaddafi ? - Libyan Front Line

The New York Times: Reports on nagging worry among the rebels about the fate of Colonel Gaddafi. If Colonel Gaddafi gets to safety it can be argued that new Libya will never be safe, in exile the Colonel could plan a counter revolution, could cause havoc for the new Libyan Government. Thus its essential that the Mad Dog is either arrested or killed.

38% Approval for POTUS = Gallup

Gallup: Reports that President Obama is back to his record low approval rating of 38%, while 55% of Average US voters Disapprove of the Obama record. In pure political terms folks the job speech in September better be bloody great if Obama is to get himself out of the political hole he has created for himself. If during the next few weeks or months he even talks about tax hikes you know that he has lost the plot, you NEVER raise taxes in a recession, you cut spending if your in debt, but for a liberal that is a Foreign Country, we shall see what the Oval comes up with folks, not impressed so far, what happened to Obama of 08.

The Libyan Front Line Latest

Guardian Live: Reports from a Sky story that the Khamis Gaddafi the a son of Colonel Gaddafi has been killed. Lets have more evidence folks, we all recall, this blog blushing, reporting from various sources that Saif Gaddafi had been arrested, then he turned up, not under arrest, lets see a body or some other evidence, wait on see on this story folks.

Germany and Bailouts

Telegraph: Reports that German Coalition Government could fracture after the Merkel agreement to spend more on the Eurozone bailout, Chancellor Merkel would need the German opposition to support the move to pass the German Parliament. This is the problem with the EU folks, leaders within the Eurozone seem to accept the EU line before thinking about the VOTERS, in the old days that was called brainwashing, to bailout the PIIGS folks we are talking Trillions, that is something the EU does not have, the welfare state is destroying the system that created it, after the EU goes over a cliff with debt the entire welfare system of the EU will have to be reformed, people are going to get hurt, but only after that painful event will the EU march on, the debt crisis is a cancer at the heart of the Euro and EU.

2nd Greek Bailout - Eurozone Crisis

BBC News: Reports that Jean-Claude Trichet the President of the European Central Bank has called for Eurozone Countries to follow through with the agreed bailout for Greece. The President of the ECB also stated that the ECB could not be seen as way out for the weaker Eurozone Countries to borrow without reform. The Eurozone crisis is a ticking time bomb folks, the 2nd Greek bailout is in trouble because some of the Eurozone Countries don’t trust the Greeks and want some collateral in case Greece does not pay the loan back, lets recall the EU is a democracy, politicians have to face the voters, if the voters don’t want bailouts they can throw politicians out of office, lets see if this bailout goes through and how long the ECB keeps buying the bonds of Italy and Spain.

US and Germany

White House: Readout of Telephone Exchange between President Obama and Chancellor Merkel of Germany. As President Obama faces a tough re-election fight next year he needs the US and World economy to grow, this is what both leaders discussed, “ The President and German Chancellor Merkel spoke by phone today, continuing their close consultations about the global economic situation, the Eurozone crisis and recent developments in financial markets. The two leaders agreed on the importance of concerted action, including through the G20, to address current economic challenges and to spur growth and job creation in the global economy. ”. The general agreements on those that follow the Euro crisis closely is that Germany should agree to a Euro Bond, that Germany would be the banker for the Eurozone Countries. This wont fly in Germany, as German voters understand that if Germany agrees to this move the weak countries of the Euro will never reform, they will never cut spending, Germany would be the bank of first resort. This wont fly with this voters, as they will pay taxes to fund the PIIGS.