ObamaCare and Congressional Democrats

The Hill: Reports that Democrats in Congress are worried that ObamaCare will be thrown out by the US Supreme Court. In many respects this would help the Oval, at least the hated mandate, by which US Citizens would be forced to buy medical cover would not be an issue in November 2012. The real worry for the Chicago Obama re-elect committee would be if the US Supreme Court decided it was legal, thus would make the tea party movement come out in droves in November. The Republican candidates would have a field day if the Court gave the green light to ObamaCare, even Romney has argued that RomneyCare is not a template for the rest of the US. Thus the Republicans could make ObamaCare their major issue in till November. Thus the tea party supporters and independent voters it can be argued could push the Republican Nominee over the wining line.

Is Germany BREAKING ? - ECB

Guardian Live: Reports that Peter Bofinger an economic adviser to German Chancellor Merkel has stated the following, “ .. has broken ranks and conceded that the European Central Bank should become the "lender of last resort" ”. Is this a trial balloon folks by the Germans, to see how the markets and the German people, react, one can postulate that that a adviser would not have stated the above without a green light from the Chancellor. But as stated it’s a trial balloon, the Germans are VERY wary of this kind of printing money policy by the EBC, brings back the memory of hyper inflation of Weimar Germany and the raise of Hitler, the idea would have to get through the German Parliament and the German Supreme Court, the German Parliament has made it clear it wants to okay any EU polices of the Chancellor. If the ECB did print money it would help Italy and Greece, save the Euro, but it would mean in essence that Germany would have to bailout the EU all the time, lets see if this balloon goes up or gets shot down in Berlin.

Italian Bonds = 7%

BBC News: Reports that the cost of 10 year Italian Bonds has gone over the 7% mark again, even with the formation of a new Italian Government. Lets face it folks, the Markets on the whole are not fools, they know that when the tough austerity package starts to hit Italians this new Government of technocrats has no base, no backup, thus it will fall, also should the 60 billion package of tax hikes and cuts work the political parties will not allow the new Government to take credit, they will call snap elections, they have the votes. Thus if your betting a long term Italian Government you are miss reading the public mood folks, this new Government will be short and brutal, better bet would be on the lottery folks.