Irish Bailout ? If and When

BBC News: Reports that Ireland has not asked for a formal bailout, but will have talks about talks about a bailout. While Ireland talks the EURO could fall over a cliff, the worry about the Irish has caused the cost of borrowing to go up for such countries as Portugal and Spain, as the New York Times noted yesterday all three Countries might need to be bailed out as the same time, how much would that cost the UK taxpayer, thus far it looks like the UK will give Ireland between 6-7 Billion pounds, what are the chances that the UK will ever get it back, it seems that the Irish don’t want the public humiliation of turning over their economic sovereignty to the EU, but as the banks and the politicians of Ireland have bankrupted the nation, it might be in the interest of Ireland for EU to be in charge of the Irish State.

The New Power in Washington D.C vs. President Obama

White House: Reports that a planned meeting between Republican Congressional Leaders and the President has to be rescheduled. Due to other more important meetings that the Republicans have at the moment. This shows how the power has shifted in the Beltway folks, the Oval has to wait in till the Republicans have their Agenda agreed, this Agenda is not the OBAMA Agenda. The first issue will the be the Bush 43 tax cuts, the Republicans want ALL Americans to keep the tax cuts the Oval wants just those earning up to two hundred and fifty thousand to keep the tax cuts. As President Obama is planning for his Re - Election Campaign of 2012 he can not afford to be seen as a tax raiser in a recession thus he will have to cave to Republican demands for all the Bush 43 tax cuts to be kept in place. This will send former Speaker Pelosi in to a tail spin of left wing anger, but this might help POTUS, if he is seen as taking on his base this will look good to moderate and even some moderate Republicans, as a President once said, elections have consequences.

Ireland and Portugal, What about Spain ? - BAILOUT

The New York Times: Reports that both Ireland and Portugal might need to be rescued at the same time, also Spain as a major problem is on the horizon. This is getting ridicules folks, when does the EU say NO and allow a Sovereign Debt default, if your throwing good money down the toilet there will come a time when there is no money to misquote a former Labour Minister. The bad EU banks should be allowed to go broke and then those Countries economies should be run by the EU. Thus EU would decide the Budgets of these countries, as they are far away the political pressure wont be the same, they can be drastic, its time for the tough medicine folks, those black and white images of the Great Depression of the 1930s does come to mind.

Back to the BAD News - Ireland

Guardian: Reports the economic markets could take it badly if Ireland does not take the economic bailout from the EU. It seems that Ireland will not have a choice, it will have to take the bailout, this will be a major humiliation for the Irish, in many respects Ireland will give up its Sovereignty to the EU major powers, France and German. Also the UK will be out by seven billion pounds, but its money that has to be spent, if Ireland goes down it could send the UK in to a major recession.

The Royal Wedding in 2011 - Prince William of Wales and Kate Middleton

BBC News: Reports on the news that Prince William of Wales is to marry his long term girlfriend Kate Middleton. This is great news for the Country folks, lets be honest there has not been a lot of good news of late form the Economy to Afghanistan, this will allow UK to come together and celebrate a great and happy day. GOOD NEWS DAY FOLKS.

Portugal and Ireland = BROKE!

Telegraph: Reports that Portugal could be next to go broke, the pressure is building on Portugal due to the negative news on Ireland. At the moment, Portugal, Ireland, Greece and Spain are the PIGS that have over eaten and could cause a collapse of the Euro, the question is what should the EU do and the UK. It is a self made EU problem, there is no economic centre in the EU, the EU does not control the budgets of this Euro countries, thus you have the power house of Germany that’s has to bail out the PIGS, the German tax payer is not to pleased, they have every right to be VERY unhappy. The UK has announced that it will support Ireland to the tune of seven Billion pounds. The UK does not have choice, if our close economic neighbour goes belly up we could have a major depression. Any good news, the handouts will either work or not, its that simple folk.

Afghanistan Front News

MOD: Has announced the name of the UK Soldier that was killed on Remembrance Sunday in Afghanistan, the Soldier was “ Ranger Aaron McCormick, of 1st Battalion The Royal Irish Regiment, serving as part of Combined Force Nad 'Ali (South) ”. Our thoughts are with the family of Ranger McCormick.