Fox News: Reports that the unemployment rate is at 9.5% but combined with those in part time jobs but want full time jobs is at 16.5%. Thus the question is why the private sector is not picking up, the simple answer folks is the Obama Administration, President Obama wants to allow the Bush 43 tax cuts to lapse, also Obama has increased tax on business by his health care plan, the bailouts of the banks and the car industry has placed trillions on the US debt. Obama is his own worse enemy, his own arrogance wont, or cant allow him to see that he does not understand economics, he is the wises fool in US Political History.
Friday, August 06, 2010
The failure of the Labour Leadership Candidates!
Telegraph: Has a harsh review of the candidates for the Labour Leadership. In essence it can be argued that Labour will not get back in to power in till they find a new Tony Blair, but more important they don’t need a new Gordon Brown, thus it can be postulated that Ed Balls political career is over, no future Labour Leader will trust him as he is in many respects the adopted son of Gordon Brown. The Miliband Brothers have the body mannerisms of Tony Blair without his star quality, it could be argued that the next Labour PM might not even be in House of Commons, the New Labour Project might have to wait another 18 years for power, what a shame!
End of an Era - The END for Jack Straw
BBC News: Reports that former Foreign and Home Secretary Jack Straw is to leave the Labour frontbench when a new Labour leader is elected in September. The biggest political mistake that Jack Straw made was not to deliver the political black spot to then Labour PM Gordon Brown, if heavy weights like Straw had shown Brown the door then the General Election result might have been different, a Labour / Lib Dem Government just might have been on the horizon. Thus all political careers in one way on another end in failure, it can be argued that Mr Straw failed when it mattered for Labour.
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