President Obama and the Polls

RCP: Reports on its average of the polls on the job performance of President Obama. In its latest average, POTUS has a 42.7% Approval rating, while 51.2% of voters Disapprove of the Obama record. Folks we are heading in to October, thus the Oval has a year and month to get back on the road, to regain the trust of Independent voters, and Conservative Democrats, Obama needs the above groups to give him a second look, so far he is pandering to the base, the jobs plan and the funding of that plan was to regain support of the Obama base, well folks at least he has not fallen below 39% in most polls, not quite Jimmy Carter. But sooner or later the Oval will have to move to the middle, in this Obama has a problem, if the US Supreme Court takes up ObamaCare it could be a nightmare either way for the Oval, if it ruled legal this will play all the way in to the November election, its fair to say ObamaCare is hated by Republicans and all the Republican candidates have promised to repeal ObamaCare, even outside Republican voters ObamaCare is not popular, thus angry people vote. If ObamaCare is declared illegal then the Oval spent a year for nothing, Obama would not have a domestic record. Of course the economy could turn around, aka 1984, this blog is not holding its breath. Thus Obama has a problem, either he disowns his liberal policies of most of his term and gives himself a chance of wining, or he adds himself to the following list, Hoover, Carter, Bush 41, one term President folks.

German Government and the Bailouts - Eurozone Crisis

Guardian: Reports that the Coalition German Government is coming under pressure for a further extension to the EU bailouts, the article states the following, “ ..pressure from EU officials to deliver fresh proposals to give the rescue fund a supercharged boost. ”. The problem for the German might come again from Greece, the troika will give Greece its 8 billion Euros but what happens if the Greeks fail to follow through with tough austerity. At what point do German voters make it clear that enough is enough. The EU elite it can be argued are in a delusional mind frame, they have spent years in praising the Euro, but what if it is a fraud, a currency that can never work, that would require the 17 nations of the Euro to give up their economic power to Germany. That the only way it will work, one can see even France having a problem with taking orders from Germany on how to run its budget. Folks think about this, the EU wants to borrow 2-3 trillion, when pressed no one seems to know who is going to give the money, again it will be down to the Germans, are the Germans really going to underwrite all the poor Countries of the Euro, what happens if Germany goes in to an economic decline, who is going to bailout Germany.

Germany and the Bailouts - Eurozone Crisis

Telegraph: Reports that the German Government is stressing that the passing of the expansion of EU bailout structure means a full stop to bigger bailouts. The problem with this new structure is that its old hat already, this was the plan for July folks, the fund had 440 billion bailout for the Euro crisis. The present problems as stated at a recent IMF meeting was that the Eurozone needs between 2-3 trillion euros to preserve the structure, thus bank bailouts, and a managed default of Greece. The troika of the EU,IMF, and ECB have to give Greece its 8 billion euros as they can then give that to the banks, the bailouts is not for Greece folks, its for the BANKS again! Thus expected G20 meeting in November is expected to devise the above plan of 2-3 trillion, the question is there enough time before the whole Euro falls flat on its face. The passing of the old bailout ( July ) was good, but it’s a first stage, how are the Germans going to react when they are told they have to fund PIIGS for years if not decades. The Euro crisis is not over folks.