The Left and the Payroll Tax Cut

The New York Times: Has a Editorial that attacks the Tea Party House Members, the Editorial states the following, “ ..cannot stomach the idea of giving Mr. Obama even a sixth of what he has asked for, especially if it actually helps improve the economy.. ”. Thus if there is no deal folks the Democrats and Media Elite will place the blame at the feet of the Tea Party, does not matter that the deal is only for two months, its hardball know folks. The left for the next year will run only run stories that support Obama, no matter the substance, the Republicans have to be careful, on the whole it’s a political deal that will allow the sides to return to the trenches next year, time for some of Reagan’s pragmatic way of dealing with Congress, take the deal House.

No Payroll Tax Cut ?

BBC News: Reports that the Republican House Speaker John Boehner has stated that expects the House of Representatives to vote against the Payroll tax cut deal designed by the US Senate. This is hardball politics folks, the Republicans want a year extension of the payroll tax cut, the Democrats are slow rolling the cut, they want it as a political issue in 2012, they want to play their usual class warfare strategy. The deal on the whole sounds good, the middle class get their tax cut, no tax on the rich, but the Tea Party House Members were elected in 2010 to do real cuts, thus this could go down to the wire folks. There will be a tax cut, but it might need to be backdated if a deal cant be reached in till early 2012. In way the politics works for both Parties, the Tea Party Republicans can say they have worked system to get what they want, real cuts, while Democrats can argue that Republicans only care about the rich. Lets see what the voters think folks, lot of polls can be expected on this subject.

The US and South Korea

The White House: Readout of telephone call between President Obama and President Lee of South Korea. The readout states the following, “ At midnight tonight, President Obama spoke with Republic of Korea President Lee Myung-bak to discuss the situation on the Korean Peninsula following the death of Kim Jong Il. The President reaffirmed the United States’ strong commitment to the stability of the Korean Peninsula and the security of our close ally, the Republic of Korea. The two leaders agreed to stay in close touch as the situation develops and agreed they would direct their national security teams to continue close coordination. ”. POTUS does not need North Korea to become a crisis, as predicted in my tweets the North did show the military sword, by shooting off short range missiles, just a reminder to the World that that North Korea is a nuclear armed power, if human nature is any guide we can expect more trouble out of the Great Successor, yes folks that his official title, KIM JONG - UN will not want to be seen as a failure when compared to his grandfather and father, thus expect more military shows, or a nuclear demonstration. This North Korean succession could be a on going sore for POTUS and the world folks.

Gingrich Leads Republican Race - Gallup

Gallup: Reports on its latest poll of Republican voters, New Gingrich 28%, Mitt Romney 24%. Thus former Speaker Newt Gingrich still leads folks after the last Republican Debate. But its close between Gingrich and Romney, it comes down to Iowa folks, if Gingrich can win even without a big field operation and get close to Romney in NH then he can win the Southern States. On the other hand, if Romney can win Iowa or come pretty close, then win BIG in NH and bounce that down to the Southern States the race could over by January. That’s how important Iowa is folks, also lets not forget Ron Paul, if can win Iowa, this could be a body blow to the Gingrich Campaign, as Romney will win NH and form there the Southern States. Lets see what the Iowa voter do folks, they actually defeated Ronald Reagan, yes folks it did happen in 1980.

Payroll Tax and the Republican House

The Hill: Report that there are doubts that the agreed deal on the Payroll tax can get through the Republican House. This blog would be very surprised if not enough Republicans and Democrats don’t pass the deal, the deal only lasts for two months, gets them through Christmas, but that is the problem folks. The Republicans want the issue off the table, a longer deal and no tax hikes, the Democrats want it as an issue, also Obama’s class warfare rhetoric is based on playing to the base. Prediction folks, on the whole, it will pass, but it might be close, and it could fail. That’s what makes US politics interesting folks.

France and that Credit Downgrade ?

Guardian: Reports on the expected French downgrade, “ could be stripped of its triple-A credit rating before Christmas, raising new doubts about the survival of the euro.. ”. Thus folks it will be interesting to see how the Asian Markets react to the latest from the Euro crisis, the Stock Markets seem to be treading water, thus blog would not be surprised to see another Emergency EU Summit just after the start of the new year, the French elite will go bonkers if France is downgraded, as any downgrade will cost the French Government more to borrow from the markets and affect their ability to fund the bailout fund. The Euro is such a mess folks, how many billions have been throw to bailout the PIIGS, at what point will Europe find a leader like PM David Cameron who will say NO, no more, secure banks, YES, but lets PIIGS go, then the Euro just might have a chance, and even then its 50/50 folks that the Euro will get through, more fun ahead folks.

The Cameron Bounce - Poll

The Sunday Telegraph: Reports a new poll that’s shows that the Conservatives have had a bounce from the PM Cameron’s veto of the new EU Treaty, the Conservative Party is on 40%, Labour 34%, and the Liberal Democrats on 14%. The Conservative Party should enjoy this poll, next year is going to be hard folks, it is expected to be worse that Lady Thatcher’s first two years in power, the Euro could fall apart, or worse it could stay together and its push for austerity in the EU could show major retractions in all EU Countries, the Irish economy took a surprise hit, thus expect more bad news next year folks. The Labour Party under Ed Miliband should be 10 to 20 points ahead next year folks, if not Labour has a problem, if Ed Miliband can not get his game up then Labour will have to look for a new leader. The Liberal Democrats have to be careful, if they bring down the Coalition over Europe they face a General Election, then political oblivion. A rough year ahead folks.