A Romney Presidency - Romney Advert

Lets Get Real:

Its a good advert folks, Romney promises job creation, tax cuts and an end to ObamaCare. Very effective advert and short.

Romney leads Obama - Polls

Thus its Friday folks, and this blog's favourite thing, political polls. Here are the Daily tracking polls on the match up between President Obama and Governor Romney.

In both Gallup ( Registered voters ) and Rasmussen ( likely voters ) Governor Romney is on 46% support, while in Gallup POTUS has 45%, in Rasmussen its 44%.

Lets Get Real:

Thus folks its a even fight, what should worry the Chicago Re-Elect Committee is the blow back from POTUS stating he supports same sex marriage, while the liberal main stream media supports same sex marriage that might not be the same view as held by a majority of US voters in the swing states. As noted in this blog over 30 States have bought in laws that state that marriage is between only men and women, not between people of the same gender, while social conservatives had doubts about Romney those now have gone, Romney just said that he supports only traditional marriage, its not a radical statement in less your from the liberal New York Times. Thus the Oval if it wants to get re-elected has to make it clear that it will not support radical laws to change Federal in law in support of gay marriage, in less Obama does this he is toast in November folks, that simple.

The UK and Greece - Eurozone Crisis

Guardian: Reports on the comments of Robert Chote of the Office of Budget Responsibility, Mr Chotes has warned that a Greek exit from the Euro " .. threatens to plunge Britain into a second recession equal in ferocity to the record postwar slump of 2008-09.. ".

Lets Get Real:

It has been stated by G8 sources that no solution can be expected from the G8 meeting or further EU meetings, it seems Eurozone leaders are waiting for Greece to make up its mind, the EU and the Euro does not have a month to wait, as we have seen over the past 48 hours Spanish Banks have started to come under threat, also it has been noted by Spanish economic experts that the Spanish Government does not have the money to bailout the entire Spanish banking system should that become an issue. The new Spanish PM has made it clear that while the Market might have 7% as the cliff point for Spanish bonds the present cost of 6% can not be held for long, thus if Greece is not solved in days the EU might find that its Spain that needs a major bailout, and this blog will promise that German tax payers will not agree to bailout either Spain or Italy. Also the Germans might have pushed the Greeks to far by the suggestion that they hold a referendum on the Euro, the Germans are playing Russian Roulette with the Euro, they think the Greek voters can be pushed around like the Irish voters, that might be a bluff to far folks. Either Germany gets its wallet out big time or Greece has to be thrown out of the Euro and then the money that would have been used to save Greece would be used to protect Spanish Banks. That simple and brutal folks.

2nd Irish Bailout - Eurozone Crisis

Telegraph: Reports that the Republic of Ireland might need a second bailout of four billion euros to support Irish Banks.

Lets Get Real:

As the article notes folks its down to Greece again, if Greece was not pushing the Euro to the edge of a big cliff then Ireland could go back to the bond markets to fund any 2nd bailout, but due to Irish bonds still at the 7% level this path is not open Dublin, thus bailout from the EU/IMF/ECB. This will go down well in Dublin, also does not help that the new EU Treaty is going to be voted upon in the next few days, will the Irish bow to their Masters in Berlin or be like Greece and say NO.

Stock Markets and the Euro

BBC News: Reports that US and EU Stock Markets had another bad day to the worry over Greece and Spain. In the UK the FTSE 100 was down 1.33%.

Lets Get Real:

It can be argued with some justification that Western political leaders are fiddling while Euro burns. The G8 in Washington D.C is not expected to come up with any solutions. The only solution coming from the G8 minus Germany is that German tax payers bailout the Euro, this would include the PIIGS. That will go down like a lead balloon in Germany. The old solution is for Euro bonds to be under written by Germany, the problem is that German Basic Law states that Germany can not take on the debts of others, the German High Court has made it clear that it wont allow the German Chancellor to under write such bonds. Thus no solution folks, Spanish Banks have come under the spotlight, if Spain and Italy goes so does the Euro , the EU would not be that far behind. It is that drastic folks.