Speaker Boehner on Obama Jobs Plan

The New York Times: Reports on the negative reaction by Republican Speaker John Boehner to President Obama’s jobs plan, in essence politics over substance. Thus folks in essence the Republicans are saying No to Obama, they might do limited deals on tax cuts for small business, but any tax hikes are out, also welfare spending. Thus Obama has his spin of a do nothing Congress, while the Republicans can argue that they have stopped wasteful Obama spending. It will be up to the US voter to decide in 2012 folks.

39% Approval for POTUS = Gallup

Gallup: Reports on its daily tracking poll for the job performance of President Obama, today POTUS has a 53% Disapproval rating, while 39% of average voters approve of the Obama record. Well folks, its not good for the Oval and that is vast understatement, with these kind of numbers the Oval will have difficult passing its job plan. In Congressional terms if a President is well below 50% Approval rating he, and so far they have all be a he, have a difficult time in getting things done on the Hill. The bounce from the 9/11 10th Anniversary was limited, the failure of Democrats to hold a safe New York House Seat shows how much of a political hole Obama is in, the Congress seeing this kind of trend will be quite happy to say NO to the Obama jobs plan, it includes tax hikes on the wealthy, thus the Chicago re-election committee will have to run a vicious campaign to re-elect Obama, but that might not work, it seems that the US voter has tuned Obama out.

2008 Again! Bailout of Banks

Telegraph Live: Reports that the move by the US/UK/EU and other Central Banks to loan to Banks recalls the move after the credit crunch of 2008. The problem is folks we still have the PIIGS out there, they are still in debt, they promise reform but the political costs are to high, in Greece the Government in Athens has been very slow to follow through with its austerity package, when your have riots on the streets of Athens, the birthplace of Democracy, and Rome once the greatest Empire in the World you have problems. The big problem is still Greece, how ever deep Government cuts the fact is that Greece will not be able to payback its loans or its debt. The only way for the EU and the Euro to go forward is for the PIIGS to get out, then bail them out, otherwise its turning good money in to toilet money, and it will end in tears folks.

Death in Afghanistan

MOD: Reports that a UK Soldier was killed on Wednesday in Afghanistan, the Soldier was from the “ 1st Battalion The Rifles (1 RIFLES) ”. Thus since 2001 the UK has lost 381 of its Armed Forces Personnel in Afghanistan , of that total it has lost 337 in combat action and 44 due to illness, accidents or other incidents.

EU Banks and the Eurozone Crisis

BBC News: Reports that the Bank of England and the US Federal Reserve have opened loans to banks, this has been followed by other Central Banks, the lack of money in the system is the fear of sovereign debt and how much the banks are holding. This was quick and swift action by the Central Banks, but it’s a short term measure folks, the debt of Greece is still out there, its going to default, it’s a matter of time, the European Central Bank is holding Italy and Spain up, at what point do the Central Banks start to have problem, they are not limitless, they can print money yes, but it can be worthless if they are not careful, aka Weimar Germany. The Greeks have promised to carry through their austerity package, this would blog would trust them more if they built a Trojan Horse. They know how do to that! The pain that Greece and Italy would have to go through to see the light is to much for the public, again the banks are getting a bailout and the common man is getting shafted, the banks should be allowed to fail and the main street should be helped, but the elites look after each other.

PM Cameron in Libya

Number 10: Reports on the visit of Coalition PM David Cameron to Libya. The PM stated the following while visiting Libya, “ It’s great to be…in a free Benghazi and a free Libya. Your city was an inspiration to the world. While we are proud of the role that we played to help, we know this was your revolution from your bravery. Now, just as your courage has written the last chapter of Libyan history, so it must write the next one; and your friends in Britain and in France will stand with you as you build your democracy and build your country for the future.”. This is great PR for David Cameron and the French President Nicolas Sarkozy, lets recall President Sarkozy has a election next year, what it is not is a great PR for President Obama, leading from behind means you are behind. The Republicans will clobber the Oval for allowing the UK and France to lead while in many respects the US supplied the know how and the equipment, the idiot who stated that the Obama was leading from behind should get the sack, its like the Bush 43 message of Mission Accomplished in Iraq, if your not in the room or military theatre at victory you didn’t play a part, that is the harsh politics folks, the UK and France look good, not so the Oval under Obama.