Obama's Kill List and the Press

Guardian: Reports on a Court filing from the Obama Administration on the attempts by the press to get more information on President Obama's kill list of terrorists, the article notes the following by the Obama Administration, " saying that to release information would hurt national security, even while still insisting it cannot admit any such programme of targeted killing exists. "

Lets Get Real:

The Oval is 100% right its filing to the Court, the Obama kill list is suppose to be one of the most secret covert operations of the US, although there have been leaks about the operation this should not mean that the press should get its hands on these kind of secrets. The blog supports a strong executive, this even means that the Oval was right to say that it was right that internal Justice Department info should not be released to Congress, the contempt resolution against AG Holder is not going anywhere, thus the Republicans should stick the economy, let the public decide if Holder is hiding another Watergate, the Republicans might win November, thus they should not allow a strong Presidency to be weakened, thus on these two issues the White House is right. That is new for this blog.

UK Banks Downgraded - Euro Crisis

Telegraph: Reports that the Credit Agency Moody's has downgraded major UK Banks, the articles notes the following on the Moody's action, " The lower the rating, the higher the interest rates they pay and the more collateral they must offer. ".

Lets Get Real:

The Banks are already not lending to small business even if that business is making money, this downgraded will hit the customer, any costs that the banks see if their borrowing will be paid by the customers. The Banks do have an argument, the 2008 near death of the banking system was due to bad loans, thus the Banks don't want to be in the position that they are charged with throwing money at bad risks. The Euro crisis and the debt hold by EU Banks means that UK Banks are at risk due to the fact that in this Global economic system all the banks are linked. In other words folks at its most basic and harsh, if the EU banking system is taken down by Spain and Italy then the UK is in the toilet and is going to get flushed. If President Obama had not waisted US tax payers money with his domestic record he could have saved the EU, but the Oval spent like a gambling addict, thus is broke, who is going to save the EU folks, in fact who is going to save the Global economic system.

Wall Street and Main Street - USA

BBC News: Reports that Wall Street fell by 250 points today, due to bad economic news from China and the EU.

Lets Get Real:

Thus folks a bad day for Wall Street and Main Street, as the pension funds of the public sector will have taken a hit today, never mind the private sector. This was not a good for the Oval, lets see what the Unemployment rate will be at the end of the month. The good news out of the G20 that the EU would deal with Spain seems in detail not have pleased that markets that much, the UK FTSE 100 was down nearly 1%. The more crisis meetings for the EU, either the Euro is saved and fast or the World economy is going to tank, lets see what happens first folks. This blog is not holding its breath for either, we don't have leaders today folks, we have poll followers, for a Reagan or a Thatcher, in the 80s folks we were very lucky in our leaders.