Rebuking a President = Obama and Libya

The New York Times: Reports that the US House of Representatives will limit the military role of the US in the Libyan War, the article states the following on the rebuke to Obama, “.. extraordinary and potentially bipartisan rebuke of a sitting president engaged in an active conflict abroad. ”. This is down to the basic fact that President Obama has broken the War Powers Resolution Act that was passed in 1973 after Watergate to curtail military action by a President of the United States. After sixty days of military action that has not been given the green light by Congress at the start a President has to seek approval or remove the military presence. The Oval seems to think that since the UN has given approval that it does not seek the approval of the US Congress, this has miffed to say the least both the House and the Senate. The legal opinions from within the Obama Administration is also against the President, its only President Obama who thinks its legal. That ego again from Obama. But the main problem for President Obama is that the War in not popular, you either win a war or you don’t fight a war, that’s the problem with allowing Harvard lawyer to become President, he still thinks he is doing a Harvard Seminar, that you can fudge the difference, thus Libya, leading from behind, Afghanistan, going against the advice of the military. Obama is no REAGAN.

End of Week Polls = Obama Re-Election 2012

Well folks its that time of the week, Polls time. Lets first check out Gallup and its Average voters, in it latest tracking poll we have President Obama on 50% job disapproval, while 43% of voters approve of the record of the Oval. In the likely voters category we have the Rasmussen Reports Poll, in this POTUS has a 53% disapproval rating, while 46% of voters approve of Obama. It will be interesting to see the Weekend polls folks, with the Afghan Exit statement by POTUS and the release of the oil from the reserve will this flip the polls. In many respects Obama needs some good luck, with the exception of the killing of OBL the polls have been bad for the Chicago re-election committee for months, the US economy has less traction than a dodo on Viagra, thus 2012 will not be 1984 for Obama, Reagan had a booming economy, he buried the political career of former VP, Walter Mondale, in that race Reagan won 49 States, 59% of the vote and 525 Electoral votes. The Obama team will have a tighter race, they need the economy to turn around, they need confidence back in the system, from Wall Street to main street. They have to show that POTUS has some understanding of main street. Its going to be a tough year for the Oval folks.

70% losses on Greek Debt = Greece

Telegraph: Reports that Foreign Creditors of Greece debt would have to take losses of 70% for Greece to get back on its feet. This is a big shout to the money markets, sell Greek debt NOW, because your not going to get it back, also don’t allow Governments to place pressure on banks to loan to Greece, its good paper money being made in to toilet paper. Lets talk cold turkey here folks, Greece is a busted flush, if it was a horse it would be the glue factory time, the Greeks are being asked to go through harsh austerity for the benefit of bankers in Germany and France, they are being sacrificed for an IDEA, the Euro and the EU. Well folks the Greeks in all areas of Greek society should come out on strike on the 28th of June, Greece should be bought to its knees, this would stop the Greek Government for selling Greece down the river, there is still time for peaceful protests to stop the bleeding of Greece for the sake of Germany and France.

Syria / Turkish Border = War Threat ?

Guardian Live: Reports on comments by the US Secretary of State Hillary Clinton, that the US is worried by the close position of Syria to the Turkish border and the refugee problem from Syria. The Assad Regime would have to be mad to fire on Syrians refugees on Turkish soil, simple reason folks, Turkey is part of NATO, any attack on a member of NATO is a attack on NATO. The Syrian Regime might think with the US in Afghanistan, Iraq and in a limited way in Libya, also the fact that the US is broke in many respects might give the Syrians a free hand to attack Syrian refugees in Turkey. This would be a very bad mistake by the Assad Regime, the US would have to defend Turkey, and the Assad regime would be history.

No UK Bailout for Greece = PM David Cameron

BBC News: Reports that the Coalition PM David Cameron has won the agreement of the EU that the UK will not bailout Greece through the EU. The UK will give money through the IMF, the second EU bailout will come to around 120 billion Euros, of that the UK will give one billion to Greece through the IMF. As to the second bailout of Greece folks, it is a mistake, this is good money down the toilet, Greece will default one way or another, the EU politicians don’t have the guts to admit that they got the Euro wrong, they would rather throw the tax payers money down the toilet than admit that the Euro does not work, when the Greek default does come and its disastrous consequences the EU politicians should hold their heads in shame, SHAME ON THE EU.