Germany and the Bailouts - Eurozone Crisis

Telegraph: Reports that the German Government is stressing that the passing of the expansion of EU bailout structure means a full stop to bigger bailouts. The problem with this new structure is that its old hat already, this was the plan for July folks, the fund had 440 billion bailout for the Euro crisis. The present problems as stated at a recent IMF meeting was that the Eurozone needs between 2-3 trillion euros to preserve the structure, thus bank bailouts, and a managed default of Greece. The troika of the EU,IMF, and ECB have to give Greece its 8 billion euros as they can then give that to the banks, the bailouts is not for Greece folks, its for the BANKS again! Thus expected G20 meeting in November is expected to devise the above plan of 2-3 trillion, the question is there enough time before the whole Euro falls flat on its face. The passing of the old bailout ( July ) was good, but it’s a first stage, how are the Germans going to react when they are told they have to fund PIIGS for years if not decades. The Euro crisis is not over folks.

ObamaCare and The US Supreme Court

BBC News: Reports that Obama Administration has asked the US Supreme Court to decide if ObamaCare is legal. This is a high risk move by the Oval, the decision will come before the November election in the US and the answer could be negative on two fronts, if the ObamaCare is declared legal the Republicans base will come out in droves to vote for Republican Nominee who would repeal the Act, also polls have shown that a majority of US voters want ObamaCare to be repealed. Thus this will be a push for US voters who want ObamaCare to be repealed to come out and vote. If the ObamaCare is declared illegal then Obama does not have a domestic record, just a lot of debt, thus either outcome is bad for Obama. Interesting few months ahead folks at the US Supreme Court.

POTUS 39% Approval = Gallup

Gallup: Reports on its latest daily tracking poll on the job performance of President Obama, in the poll of average voters, Obama has a 51% Disapproval Rating, while 39% Approve of the Obama record. Its simple folks, the PEOPLE understand that when a Democrat talks tax hikes in always hit’s the Middle Class, there are never enough rich people to tax to fund the welfare system the Democrats want to impose on the US. When in 1984 the Democratic Nominee for President, former VP Walter Mondale stated that under his Administration there would be tax hikes it lead to his defeat by 49 States to 1. It was a massive political mistake for Obama to shout class warfare this early, it might keep the base happy but it turns all his speeches to everyone else in to call for tax hikes. It will be interesting to see how the Obama Re-Election Campaign counters this negative view of Obama.

The Street and Ed Miliband

Guardian: Reports on the reaction to Ed Miliband’s speech in Southport, the article states the following, “ Southport remained unmoved by the Labour leader's ideas and oratory. ”. Politics is a brutal games folks, either you have it or you don’t, and Mr Miliband does not have it, you can be coached, but there has to be something there, there, all you see with EM is someone who would be a lot happier back at his elite University seminar, discussing the details aspect of politics. If you’re a Labour supporter you wonder how long it will take Labour MPs to wake up and get rid of Miliband. One has to wonder who will be the next Labour Leader, could it be the brother of EM, David Miliband, at least DM has some charisma and loyalty to New Labour.

House on Fire - Eurozone Crisis

Daily Mail: Reports that the UK Foreign Secretary William Hague has called the Euro crisis, a burning house with no exits, and the exits with be tough for Greece, Italy and Portugal. In many respects this is happy hour for Euro critics, this blog is Euro critic, the UK voter has never supported the Euro, its hard pressed to support the EU. But given the present crisis in the Euro the Germans have to get their finger out, pass a big bailout fund, in the end it will come to around two trillion euros, the States that make up the Euro have to give up their power on how they run their own economy, the Greeks and Italians will be owned by the EU/IMF/ECB. Also the Germans have to fund a Euro bond, this will bailout weak Countries of the Euro. The only thing the UK should do is before all this can be pass by all the EU is to make sure there is no Euro tax on the financial sector for those outside the Euro. Thus if a tax is bought in by the Euro Countries all the financial institutions will move to London, a WIN for the UK. Got love the Euro crisis.

What about the Greek Bailout ?

Telegraph Live: Reports that EU/IMF/ECB are back in Athens to see if the Greek Austerity package is being followed through by the Greek Government. Lets be honest here folks, the Greeks will get OUR 8 billion, if the Troika didn’t give the money to the Greeks the Government would fall and Greece would be a dodo, the problem is that it would take a few French and Germans Banks with them, thus Greece will get its money while the EU/IMF/ECB set up a two trillion fund to protect Eurozone Banks, make sure Italy and Spain don’t go down the toilet, also manage a managed Greek default. This Athens visit is a sideshow folks, they might as well get drunk, they have to give Greece the money. The real business is happening in the major Capitals of the West, from Washington D.C, London, Paris, Berlin, the solution will come from there folks.

“ RED ” Ed Miliband and Business

BBC News: Reports that Ed Miliband the Labour Leader has defended his speech Yesterday to the Labour Party Conference, even a former Labour Minister has called it a kick in the teeth for business. This was not good for “ Red - Brutus ” Miliband, even some rational Guardian reports didn’t buy the speech, business and this might be a shock to Ed Miliband is about making money, no making money no business, thus no jobs. This is a problem when Labour hires someone from a elite background, someone who by the looks of things has never had a paper round, never mind a real job. When the only real support for the speech comes from the Unions its time for damage repair. Even the BBC put Miliband on the spot, when he could not answer simple questions as to what is a good business. Also the effective media management of New Labour has gone out of the window, when doing an interview with the BBC Ed Miliband had a massive red flag behind his head, the red rose was almost gone from the picture. Thus a bad 48 hours for Mr Miliband, never state a policy if you have not idea about the details, the media will tear it apart, poor Ed Miliband, did he stab his brother in the back for this kind of operation.