Ed Balls Factor - Labour Party

Daily Mail: Reports a new edition of a book on the time of Gordon Brown in 10 Downing Street, in the new edition the Shadow Chancellor Ed Balls is accused of sexing up Government forecasts and to allow budget busting spending. These revelations will not go down well at the Labour Party Conference staring this weekend, Mr Balls hardly has a great reputation due to his time as the right hand man of Gordon Brown, as one of his Shadow Cabinet colleagues stated if it was not him spinning and being the Brown enforce then it was his Evil twin brother. To be fair to Mr Balls ( one tries ) he did say sorry for the Labour economic record, but he still following the same record, that the Coalition are pushing to much cuts, and that Labour would have cuts but not as extreme as the Coalition, but when the Shadow Cabinet is asked which cuts they would do, they say its up to the Government. No wonder Labour is not trusted with the economy. One has to wonder will the Labour leader Ed Miliband really want to keep Ed Balls as Shadow Chancellor for the next five years, it can be argued that he represents the failure of the last Government.

Saving the Euro = Trillions ?

Telegraph: Reports on a two trillion plan by Germany and France to save the Euro and manage a Greek default but keep it in the Euro. It is a plan folks, are the Germans going to pay the two trillion Euros, otherwise it’s a grand plan that’s dead in the water. If the idea is that the seventeen counties that make up the Euro share the cost, then it’s a dodo, the worry is that it could be grand French and German plan by officials but its political consequences are toxic, its all in the details folks. The one aspect that’s odd is the idea that Greece should default but stay in the Euro and a bigger write off its debt, the article notes around 50%, the problem with that is that Greece could not go to the market for years, if ever, the EU would have own Greece, this plan has the feel of delusional French/German gambit, that is set to fail. It really depends who pays folks, very odd, sounds lot like Obama’s job plan.

Obama’s Green Scandal = Solyndra

BBC News: Reports that Solyndra Executives have taken the 5th before the US Congress and their investigation how the Company received half billion dollars from the Obama Administration before going bust. This smells folks, not to say that the Executives had every right to take the 5th under US law, but one of the backers of the Company was big Obama backer, the allegation from some is that the loan smells of Chicago politics, in Chicago politics its called pay to play, in Chicago terms you have to bribe officials to get in to the game, or business. There is no proof of such action yet, and all interested in the case must be considered innocent at this stage. But the White House has a lot of questions to answer, did they push for the loan, and why the rush, who in the Government did company officials see, was President Obama aware of the loan at any stage before his visit, did the Oval influence the rush. This could turn out to be Obama’s Watergate folks, or even Iran - Contra, what did the President know and when didn’t he know it, keep an eye on this folks.

54% Disapproval for Obama = Rasmussen Reports

Rasumssen Reports: Has it latest tracking poll of likely voters and the Obama job performance record, today President Obama has a 44% Approval while 54% of likely voters Disapprove of the record of the Oval. In between the Gallup and Rasmussen poll it fair to say folks that President Obama is in a hole of his own making, the voters are smart cookies, they can tell when a President is pandering to his own base and not the general voter. Thus the Obama jobs plan and how to pay for it will make the left wing liberal base happy but Independent voters, Republicans and even Conservative Democrats will run a mile from the Oval, these Obama polices are warmed up Jimmy Carter & Walter Mondale policies, and those worked out well for both men and the US NOT. The Oval can still turn this around, it has a year, but it has to go hard right, not hard left. One has to wonder who does Obama talk to these days, they all cant be YES MEN/WOMEN.

40% Approval for Obama = Gallup

Gallup: Reports on its daily tracking poll of the job performance of President Obama, today the POTUS has a 40% Approval rating, while 52% of Average Americans Disapprove of the Obama record. Thus folks the Obama plan to pander to his base has not worked, the call for tax hikes is a massive political mistake, it shows a lack of understanding of the US voter and the US on the whole. The US voter wants to get rich, and worse he or she wants to keep the money they make, God forbid that they might have a problem with being taxed overall at 60% of their wage packet. By the last Republican Debate former Governor Romney might well beat Governor Perry for the Republican nomination and make President Obama a one term bad President.