Greece vs. Credit Agencies

Telegraph: Reports that Greece has attacked the credit agencies for marking down the credit level of Portugal to junk. The argument being from the Greeks is that by devaluing Portugal debt this will lead to the crisis that Europe wants to avoid, but the TRUTH is the TRUTH folks, Greece is bust, so is Portugal and Ireland. The Greeks will get a 2nd bailout, as posted yesterday Moody’s the credit agency has stated that Portugal will also need a second bailout, one only has to wonder when Ireland will have its hand out for 2nd bailout. Lets recall folks this money does not go to the Greek people, it goes to the banks of Germany and France, all the games by these Countries is short term break to make sure their banks are secure before Greece has to default. The more France and Germany play games the more the crash when it comes will hurt Europe. The people that will be shafted will be the people of Greece, Portugal and Ireland.
　
　

The US Debt Ceiling

Well folks its back to the usual class warfare by the Obama White House, the President stated the following on the US debt ceiling, “ …I believe we need a balanced approach. We need to take on spending in domestic programs, in defense programs, in entitlement programs, and we need to take on spending in the tax code -- spending on certain tax breaks and deductions for the wealthiest of Americans…”. Thus when your coming out of a recession the last thing you do is raise taxes, who does POTUS thinks hires people, poor people, also when you in two wars, Afghanistan and Iraq, what does Obama want to do, cut defence spending, it was the Reagan defence spending in the early 1980s that lead to the economic boom of the middle and late 80s. This also lead to the 1984 re-election of Reagan with 59% of the vote, 49 States, and 525 electoral votes. A Harvard Degree does not make you fit to be President, yes on the US Supreme Court but not President, perhaps Obama will be another Taft, a one term, President who becomes Chief Justice of the US Supreme Court, he would do less damage on the US economy on the bench than in second term folks.