BBC News: Reports that the EU/IMF has given Portugal a sixty eight billion pounds bailout. Folks, Greece has its hand out again, who wants to bet that Portugal will want another bailout after the 1st bailout. The EU/IMF are living in a dream world of the elite, the Western economic system is broke is both ways, the Sovereign Debts of the PIGS will take EU down, and there is no trust that the banks are still not hiding their debts. Think of the public sector jobs and institutions that could protected and flushed with more cash if the PIGS had no more bailouts. The arrogance of the political elite is taking the Europe over a cliff, one has to assume that the leaders will only wake up when they hit rock bottom.
Monday, May 16, 2011
DSK and the ASSAULT = Graphic Detail Warning
The New York Times: Reports in graphic detail on the alleged assault by DSK of a Maid at his hotel. It seems that the paper of record has decided to go for readers, the details of the case are very graphic, in one respect think Bill Clinton and the Oval Office Desk! and you get idea! One would think that the paper of record would be more restrained in its reporting, but DSK in French, not the most popular of people at the best of times, and this is not the best of times. One would have thought that the NYT would have gone more on the legal aspects, or the background to the case, not that actual detail, very detailed aspects of the case. The World Press in many respects will love this case, how the mighty have fallen.
No Bail for DSK
The Daily Mail: Reports that DSK has been refused bail by a New York Court, even after offering a bail of one million dollars. This case could last days, weeks even months, lets recall that Bill Clinton faced years of questions and trials over his case, and that lead to his Impeachment and the a hit in the bank balance. As stated this blog will not discuss the details of the case, even if everyone else is going in to graphic details, and the reader should always remember that a suspect is innocent before the verdict. But commentary on the press circus is interesting, and worth of comment, the French are still showing disdain for the process, GROW UP.
The deflation of the Obama Bounce
Thus folks the Obama bounce after the killing of OBL has gone away very fast, the latest Gallup Poll of average voters has President Obama on 46% Approval while 44% Disapprove of the job performance of POTUS. In the Rasmussen Poll of likely voters, POTUS is in negative field, in this poll POTUS has 50% Disapproval rating, while 49% approve of POTUS. The quick surge in the Obama polls has deflated faster than the failure of his economic stimulus, and that is the problem folks, once OBL was killed the Oval moved to talk about Immigration, one subject that does not bring people together, in fact on the border states between the US and Mexico it makes people very passionate one way or another. The blog will predict that within a few weeks Obama will be back to high negatives when it comes to average and likely voters, thus 2012 will not be like Reagan’s 1984 and winning 49 States and 525 Electoral College votes. Thus this blog is still predicting that President Obama will lose in 2012 and lose big folks. If the rate of unemployment is still at 9% in November 2012, Obama will join the following list, Hoover, Carter, Bush 41, one term Presidents who failed on the domestic front.
TRUMP Out - Republican Nomination Race
The Hill: Reports that Donald Trump has announced that he is not running for the 2012 Republican nomination for President. At the end of the day folks Mr Trump was all WIND, he might be a very good business man but he is a lousy politician, the Republican voters are looking for a new face, someone who is not a politician, they want another Ronald Reagan. It seems Mr Trump is afraid of POTUS.
Gaddafi ARREST Warrant = Libyan Front
Guardian: Reports that the Chief Prosecutor of the International Criminal Court has asked for an arrest warrant for Colonel Gaddafi and his son Saif al-Islam. This will worry those around Colonel Gaddafi and his family, at what point do the break free and get rid of the Colonel, either sending him in to exile or a bullet at the back of the head. The gradual destruction of the Gaddafi pillars of the state could take months, lets hope the CIA and MI6 have black op guys on the ground, who have orders to do what is necessary. The Libyan operation cant still be happening next year.
Second Assault CHARGE = DSK
Telegraph: Reports that Tristane Banon, a French female reports, wants to press charges against DSK over an assault that occurred nine years ago. What ever the court case or verdict in New York, it can be postulated that DSK is finished in French politics, it would be a PR disaster for France to have this kind of politician in power, all the world press would be looking for scandals or looking for past cases of illegal activity. It time that France grow up, its restrictive privacy laws in general protect the wealthy, time France knew who it was electing to be its President.
DSK in Court
BBC News: Reports that Mr Strauss-Kahn, the head of the IMF, is in New York Court to face charges of an assault on a Maid at his Hotel. Although this blog will not discuss the details of the case, it is old fashioned in that way, it will report on the press circus around the case. The general opinion one gets from French reporters when asked about this case is shock , due to the strict privacy laws in France they don’t have these kind of scandals. Almost one gets the impression of French arrogance, how can this important men be held, it would not happen in France, yes that kind of disdain folks. The pivotal point in many respects is the fact that DSK is head of the IMF at the time of massive bailouts for Greece, Ireland and Portugal and that he was the likely next President of France, thus an attack and money, the press will be all over the case. The Americans to their credit will play this by the book, one thing this blog can state is that DSK will get a fair trial, it might not be short but fair.
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