Romney vs. Santorum - The Republican Race

The New York Times: Reports that the Romney Campaign is going to go after Rick Santorum after his triple win, also they are going to hit back hard. This is why Governor Romney will win the Republican Nomination folks, after South Carolina he went after Speaker Gingrich and took him apart in Florida, so expect the effective Romney Campaign to go after the Santorum record while Mr Santorum was in the US Senate. The Romney Campaign play to win, thus expect Rick Santorum to get hit hard for his deals while in the US Senate. The Obama Re-Elect play hard folks, its good to know that when Romney faces POTUS the gloves will come off, its Chicago political rules folks, last man standing wins.

Greek Haircut and the Eurozone Crisis

Guardian Live - Euro: Reports in its 5.01pm post that the Credit Agency S&P has stated that the Greek haircut of 70% is “ ..not sustainable unless the ECB also takes a hit ”. In other words if the European Central Bank does not write off the debts of Greece all the pain that Greece has gone through over the past few years wont matter, the debt will still suffocate Greece. This news will be read with interest in Greece, what is the point of agreeing to a deal if the ECB wont take hit, the reason that ECB wont take a hit is the fact that the Germans wants to protect the stability and credit worthiness of the ECB, thus Berlin has refused to grant Euro bonds and will be wary about allowing ECB to write off its Greek bond debts. One gets the feeling that the leaders meeting in Athens will take some time folks.

EU Meeting on Greece - Thursday

Telegraph Live - Euro: Reports in its 5.12pm post that the Eurozone Finance Ministers will meet tomorrow to discuss Greece. The EU Ministers must be really fed up with Greece, they promise reform and what happens, bugger all, they have not followed through with assets sales, it was predicted that Greece had 50 billion of Euro assets to sell, so far only 1 billion is on the table. The Greek political system is stalling any reforms, as any Party that support these EU demanded reforms will find itself out of power for years. The Greeks Government conned itself in to the Euro, the cheap loans of the Euro allowed Greece to spend like a drunken sailor on its welfare structure, people could retire at 50, non jobs were created, the welfare system once created is very hard to take back folks. The Greeks need to learn the hard way that the glory days are well and truly over, its time to pay and its going to be harsh folks.

Triple WIN for Santorum - The Republican Race

BBC News: Reports on Senator’s Rick Santorum wins in Missouri, Minnesota and Colorado. As ex Speaker Gingrich predicted it was a good night for Rick Santorum, he had double digit wins in Missouri and Minnesota and took Colorado from Romney, the question is what is the end game for Senator Santorum, even with the best will in the world this blog does not think Santorum will win the Republican nomination, the Republican voter wants a winner to face President Obama, Mitt Romney has the money and the campaign structure, thus this blog still states he is the presumptive Republican Nominee, thus what of Rick Santorum, one can postulate that the ex US Senator wants the VP spot, it can be argued by the Santorum Campaign in private that with him on the ticket the Conservative Tea Party movement will back the Republican Nominee in November. Thus VP spot on the ticket might not be the choice of Romney, lets see of Santorum can win more States and if Romney has a firewall in later Industrial States. It could be a very long fight folks, and lets not forget Newt Gingrich folks, his argument is that once we get to Southern States he will win further States after South Carolina, time will tell folks. This could be Republican rerun of the Carter/Kennedy fight of 1980, while the presumptive nominee/President has to deal with an insurgent fight his chances for election- re-election are destroyed before the General Election. Or in Republican terms, the Ford vs. Reagan fight of 1976. It should be noted that in 1976 Carter had a very narrow win over Ford. Thus a tough fight does not mean doom. Nothing is that new in US politics folks.