Telegraph: Reports that Coalition PM David Cameron has in essence rebuked President Obama and EU leaders for allowing out of control Government deficits. The problem is folks is that Obama is in re-election mode, thus is worried about this left wing Democratic base, thus his attack the rich rhetoric, the EU leaders have glued themselves to the Euro and Greece at the expense of economic reality. It depends when real economic reality forces these leaders to see the real world, politicians and the real world is not something that is easy for the elite of the Western world folks. In the Obama case taxing the rich always ends up taxing the middle class, it’s the nature of policy development, the welfare states always needs more money. In the EU, the Euro has become a policy of blind faith at the expense of the voters and democracy, this constant drip of economic woe has to have an end point, something big has go down, either a bank or a country, then the politicians will have to act, it will be to late but they will act, that is the nature of politics folks.
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