Wednesday, November 10, 2021

Inflation THREAT to the US - Biden Era


Lets Get Real:

As someone more intelligent than this blog said, its the Economy Stupid, this was utterance was made during the 1992 Presidential Election, after the end of the first Gulf War 1, Bush 41 look like he was on a easy path to re-election, then a mild recession hit and Bush 41 under pressure from Congress rose taxes, this was seen in the long term as benefiting the US, but at the time Bush 41 was seen to  have broken his word of NO NEW TAXES, that was the theme of the 1988 Presidential Election.   The above is to place in context the hiking of inflation to a thirty year high, also Biden Agenda will take time to get in action, there are no shovel ready projects yet, and they might start after the 2022 Mid Terms.  The infrastructure act will take time, and Biden's welfare bill will cost trillions no matter what the projected outcome, one you give people a benefit, it is very HARD to take it back, that is what the Democrats are counting on.   The question is will Senator Joe Manchin vote for the welfare package, the noises from the Senator are not good.  Thus if maybe turns in to a FIRM NO, the Biden Agenda is finished on the Hill.  Next year the House and Senate are up for election, it will be everyone man ( generic use of the word ) for himself, and like the Titanic they will not be enough lifeboats. 

Article 16 and Lord Frost - Update - After Brexit


Lets Get Real:

As reported on Sky News today the EU wants to play hardball if the UK invokes Article 16, in this they might have problem, what will Poland and Hungary do, also it is reported that Germany is not in favour, the pressure for tough action is coming from Ireland and France, the French reason is EASY, the President faces a election next year and wants to be seen to be tough on the British, while the Dublin Government knows that it might have to set up border posts on its side of the border for any EU threat to mean anything.  Also the consequences of invoking Article 16 will take time, do the Irish want a TRADE WAR before Christmas, and also the pressure from Brussels to place border posts up, the UK will follow the Good Friday Agreement, force the EU to cause problems in the province, that will look good for the EU, the EU has more to lose, it should cut a deal, even if the French are not happy, the French are never happy.