No Big Solution = Germany

Telegraph Live: Reports that Chancellor Merkel of Germany has stated there is no big solution to the Eurozone Crisis. This could mean trouble folks, as Germany is expected to bailout the Euro, through being the main supplier of the 2/3 trillion stability fund. Also to support the creation of Euro bonds as to take the pressure of PIIGS. Although the German Parliament supported the 440 billion expansion of the Euro bailout fund there are doubts that will support trillions of German tax payer money going to PIIGS and also under write Euro Bonds. Also the German version of the US Supreme Court has stated it would have problems with any deal that saw Germany underwrite the rest of Europe. Thus expect more delays folks, more meetings, more up and downs markets, more austerity packages, more unemployment and also social unrest from Spain to the US.

Spain DOWNGRADED - Eurozone Crisis

BBC News: Reports that the credit agency Standard & Poor's has downgraded the Spanish credit rating, from AA to AA-, due to low growth, debt and high unemployment. The contagion from Greece has taken down the Belgium/French Bank Dexia, the cost of Italy and Spain selling their bonds is over 5%, its only because the European Central Bank is buying Italian Bonds that the Italy has not gone down the toilet, the cost is that Italy is now owned by the ECB. The expected 2/3 trillion bailout package is being created to safe guard against having to bailout both States, they can not be allowed to go under, as their fall would take down World Banks and kill off the Euro and damage the EU. The problem is folks there is still no detailed plan, the rumoured plan is as follows, 1, bailouts for the Eurozone Banks, a 2/3 trillion stability fund, the managed default of Greece. The latest rumour out of the EU is for Banks with Greek debt to write off 50% to 60% of that debt. Thus before a Greek default a big firewall has to be in place to protect the banks, thus the delay folks, lets see the details folks.

Cain Front Runner - Republican Race

CNN: Reports on a new poll by NBC News/WSJ, it has Herman Cain leading Governor Romney by 27% to 23% with Republican voters. This is the time for Herman Cain if he is serious to go full throttle, he has to build up his base in Iowa and NH, a good place showing in Iowa and NH could allow Cain to do a Reagan, and make it a long fight for the nomination. On other hand one has to postulate that Herman Cain is looking for the VP spot with Romney, in the debates it can be argued that Cain has not really gone for Romney. Did ask him about his complicated plan but it allowed Romney to show he is polished and managed to turn the question around to his benefit. This blog is no fan of Romney, but is looking for a candidate that can defeat Obama, if Cain cant or wont built up his team then it has to be Romney. Perry is finished folks. But this is a golden chance for Cain, now or never Mr Cain.

Obama Campaign and MONEY

The New York Times: Reports that the Obama Campaign and the Democratic Party has raised 70 million so far for the 2012 Campaign. It was reported that the Oval expected to raise around one billion, yes one billion dollars for the 2012 Campaign, as noted in previous post it has been reported over the water that the Oval will follow the Clinton example of 1996, raise a lot money while the other side is fighting its internal battle, then hit the Republican candidate well before the Party Conventions, define the Republican Candidate before he or she can define themselves. The catch folks is that the Republican race could even start as early as December if NH Primary has its vote before Christmas, it can be postulated that Iowa could decide to go before NH, thus the race in effect could be over by 31 January, this could give the Republican Candidate time to raise money and challenge the Oval well before the Party Conventions. When does the Oval ever Govern?.

Obama and Iran

Guardian: Reports that President Obama has stated that all options are on the table after the foiled bomb plot that had its origins in Iran, the article states the following on these remarks, “ ..diplomatic code for the possibility of military action. ”. The left wing Guardian is already rubbishing the plot, what is it with the left wing media, they are always oppose the use of force by the US even when the US is in the right. The plot as devised by Tehran is an Act of War, what more does it take, for Tehran to carry out a successful terror plot before the Guardian smells the coffee. On the other hand this blog is not holding its breath that POTUS will take action, Obama from his perception can not afford another War after Libya, the extreme left, well the Guardian, NYT types would never support Obama if he attacked Iran, they want to appease Iran, this is the time folks for bold leadership from the Oval, for Obama to be anther JFK or Reagan, a limited military strike to remind Tehran not to play these kind of games, as the blowback with be lethal for those in Tehran.
　

Herman Cain and Race - Republican Race

Telegraph: Has ain interesting article folks that argues that having Herman Cain leading the Republican race in 2012 means that the US is “ …entering a post-racial era. ” but this will have liberal Democrats jumping up, “ The liberal obsession with race has emasculated black people. The language of victimhood supplants empowerment with useless pity,.. ”. The raise of Herman Cain is fantastic on two fronts folks, Mr Cain is charismatic, has that Reagan ability to up lift a crowd, he is Conservative, thus his 999 plan, complex but simple, easy to understand, also Mr Cain happens to be African - American. The question that has been asked is Herman Cain serious in this race, does he want to be the nominee, or is selling his book, if it’s a PR ploy its fantastic, books sales should go through the roof. It has been noticed that unlike the other candidates he does have campaign teams out in different States. Also he is not leading in Iowa and NH, if Romney wins Iowa and NH is over folks, it will very hard for other candidates to come through and overtake Romney. But its still early folks, thus if Mr Cain is serious he has to up his game, really go for Iowa and NH, the problem with NH is that good people of that State don’t want a Sales tax, and part of the 999 plan calls for a sales tax. If Cain can do well in Iowa, or come a close second in NH, then its not over but its not easy folks. It would be great for the US to have two African - American candidates as candidates for President, it would really show a post racial America.

53% Disapproval for POTUS - Gallup

Gallup: Reports on its daily tracking poll on the job performance of President Obama, today POTUS has a 40% Approval rating, while 53% of Average Americans Disapprove of the Obama record. The Chicago re-elect committee must be happy that Obama is no longer at 38% Approval, the Obama approval rating seems to shift between 39% and 41%, thus lets be nice to the re-elect and say Obama is on a average of 41%, thus the Chicago Team have to find another 10% to see Obama over 51% in November 2012. Lets postulate that Governor Romney is the Republican nominee, the Chicago Team using the Clinton Campaign tactics of 1996 will start to argue that Romney is a serial flip flopper, that RomneyCare in his home state is the template for ObamaCare, that he Romney himself in a debate with Senator Edward M. Kennedy stated that he was not part of the Reagan/Brush Crowd., but of course Obama has change his mind on so many issues that the left care about that it’s a tricky argument. But that's all the Obama team have to argue, with 9.1 unemployment, the debt, the War in Afghanistan still going, even if it can be argued by the Oval that it got OBL, but the reality is that once the US/UK get out there is a chance that Kabul will again fall to the Taliban, this would be a major threat to a nuclear armed Pakistan. Then we have Iran, Obama has failed in his aim to resolve the problems between Iran and the US, in fact Iran has no respect for Obama, it could invade Iraq at the end of 2011 or early 2012. Thus 2012 will not be 1984 for Obama, it will be a tough fight folks, this blog is keeping to its prediction that Obama will lose big in 2012, 48/49 States folks.