NYT vs. Political Reality and Obama

The New York Times: Has a blistering Editorial attacking Congressional Democrats for not supporting Obama’s Job Plan, the bloated liberal NYT states the following on the Democrats, “ ..they cannot face another big pre-election fight…Americans need Democrats to step up now, and for Mr. Obama to lead them. ”. Folks what planet is the liberal NYT on, did it miss the Republicans taking over the House in 2010, the prediction that Republicans will retake the Senate, that Obama today is on 39% approval, also the loss of a safe Democratic House Seat in New York State. If your liberal NYT is to be taken seriously when it comes to politics it has to get its head out of its backside and fast, its going bankrupt for god sake. GROW UP NYT, don’t you think Democrats have the right to get re-elected, Obama is becoming Carter Mark 11, that is not a good result if you’re a Democrat.

Next Spain ? - Euro Crisis ?

Guardian: Reports that the Spanish Government has reintroduced tax hikes on the rich. In a recession folks the last thing you do is raise taxes on people that can get you out of a hole. The Spanish Government must have taken leave of its senses, Spain must really be in a economic mess, will it default before Italy. Thus folks on the economic radar we have Greece, Italy and then Spain. The Greeks are Zombies eating currency, tax payers money of Germany, the Italians and Spanish are just as bad, welfare systems that are out of date and Governments for one reason and other are past their sell by date. One wonders what the markets are going to make of the Greek October decision, the markets have been very odd, going up while the US and the EU are heading over a cliff, very much like the July days of 1914.

Italy CREDIT Downgraded - Euro Crisis ?

Telegraph Live: Reports that Moody’s the Credit Agency could downgrade the credit rating of Italy today. Lets be honest folks Italy is now owned by the European Central Bank, the Government is weak and the PM is up to his neck in political and personal scandals. If you’re a weak Government you go slow on austerity packages, if you have a scandal prone PM you have to be very selective in the austerity package, you cant hurt your friends, your base, you need them to keep you in power. In many respects Italy and Greece are the same, the Governments are afraid if they go to far in cuts they will be out of power for a generation, they don’t want to be Gordon Brown. Thus it can be argued that Moody’s would be right to downgrade Italy, it might be the kick up the backside that Rome needs at the moment, didn’t hurt the US.

Lose Talks Sinks EU?

BBC News: Reports that the Timothy Geithner, the US Treasury Secretary has warned the EU that lose talk about divisions in policy when it comes to Greece could damage the Euro. What would really kill off the Euro would be if EU politicians listened to this kind of rubbish, the US has a 14 trillion debt, the President cant move his agenda through the Congress, the Oval is in constant re-election mode, thus the jobs speech. The one Country that needs a healthy truthful debate about debt is the US, the Democrats are tied to welfare spending, any spending in fact, while EU has a welfare system that is killing the economic growth within the EU. As to Greece the Euro Countries have pushed the decision to October, one gets the feeling that Euro politicians are hoping that something comes along that will allow Greece to stay in the Euro, good luck with that folks. The EU, European Central Bank and IMF officials in Athens have not been impressed with Greek cuts, why would it be better in October, one can almost see Euro politicians taking the EU over the cliff because they don’t have the nerve to push Greece out, they are allowing the dream of the EU to colour the real world that Greece is economic dodo, its finished, its needs the EU to put a stake through its heart, thus far its an endless nightmare.

Afghanistan Front News

MOD: Has announced the name of the UK Soldier that was killed on Wednesday in Afghanistan, the Soldier was “ Lance Corporal Jonathan James McKinlay, 1st Battalion The Rifles ”. Our thoughts are with the family of Lance Corporal McKinlay.

The White House, Speaker Boehner and Jobs

The White House: Statement by the White House Press Secretary on the remarks by Speaker Boehner. The Statement states the following, “ Any plan to grow the economy and create jobs should be measured by whether it puts money in the pockets of middle class families, puts teachers, police officers, firefighters and construction workers back to work, and invests in our small businesses so they can grow and hire. The President’s plan meets that test. The American Jobs Act includes the kinds of proposals that have been supported in a bipartisan way in the past, is fully paid for, and prominent, independent economists say it could create between 1.5 and 2 million jobs. And the President’s plan rebuilds the economy the American way, based on balance, fairness and ensuring there is the same set of rules for everyone from Wall Street to Main Street. The President is committed to working with members of both parties in Congress to pass the American Jobs Act right away. ”. The White House has a cheek in lecturing the Speaker after the White House lost the US tax payer half billion dollars after giving a green company money, then seeing that company go bust. The Congress, the FBI and others are investigating, thus a major scandal for the White House, lets hope there are no Chicago corruption behind this loan, that would finish the Obama Administration.