Portugal the NEXT TO FALL - Bailout Culture

Telegraph: Reports on a split in the leadership of the Portuguese Bank of England, it seems that Portugal will need a EU/IMF bailout after all the protestations of Portugal. Thus we have had Greece, Ireland now Portugal within a short period, who next, of course Spain. If Spain falls expect the political elites to really wake up or face real protests in the streets, the PIGS of the Euro cant live in the Euro currency. If the EU currency is to breath its needs to cut its weaker members, for the benefit of France and Germany and for these PIGS. The political elites have been conned, and they don’t have the guts to admit that Euro does not work when it covers such a big area, if Spain falls then it could make the Great Depression look like happy hour.

MP Admits Guilt - Fraud

BBC News: Reports that MP Eric Illsley is under pressure to resign his Seat in the House of Commons after admitting fraud. Thus far its has not been good for the Labour Party when it comes to the UK Courts, one MP was thrown out of the House of Commons for telling lies about his opponent in the 2010 General Election and now a 2nd Labour MP although suspended by the Labour has admitted his fraud when it comes to his expenses. It is a loophole in the UK system that if Eric Illsley gets less that 12 months he could stay as an MP, thus the pressure will start for Mr Illsley to resign. Thus the Coalition Government will have a 2nd by election, but this is a matter of form, the seat of Mr Illsley is safe Labour. What should worry “ Red ” Ed Miliband is the prospect that the Coalition could get its act together and have one candidate, also that the candidate could cut down the Labour majority. There is more fun folks, there other cases on the horizon, thus will also effect Labour and the Conservative Party.

Iran vs. Israel

Telegraph: Reports that Iran has claimed to have discovered a Israeli Mossad Spy network in Iran, the network is accused of the killing and injury of recent Iran scientists. Even if true, and you can never tell with Tehran, the network has done its job, it seems from reports that a nuclear Iran has been delayed for some time, thus covert action has worked, and given the Middle East and the World some breathing space.

The Morphing for Obama in to REAGAN ?

The New York Times: Reports how President Obama has been reading up on President Reagan and meeting former Reagan Aides. The problem is folks is that POTUS is no Reagan, he is to thin skinned, Reagan has natural humour, he could laugh at himself, thus took away a weapon form the elite left, they could not poke fun at him as he had already go there first. Reagan was very pragmatic when it came to getting his policies, he would go for well over 50% of his objectives and come back later for what was left. Reagan threw away the does and don’ts of diplomacy, can you see Jimmy Carter calling the USSR an Evil Empire, or Obama even, that’s the problem folks, Reagan called on Gorbachev to tear down the Berlin Wall, the White House and the State Department wanted to play nice with the USSR. POTUS has the gift of communication, but he does not have a strong core, thus Obama cant ever be a Gipper.

NOT JFK = The History Channel

Mail on Sunday: Reports that the History Channel will not show its Drama on the Kennedy’s due to the fact that its not totally historical accurate. Lets be clear folks, there is the JFK of history and the JFK of common memory. A recent poll of Presidents has JFK in the top slot, followed by Ronald Reagan, one can ask how many of those asked voted for the common memory over the facts, to be kind to JFK, the real JFK, he stood up to the USSR over Cuba, came very late to civil rights, and start the ball rolling for the Vietnam War, on the other hand the common memory would be his legion of affairs with Hollywood female starts, his iffy drug taking for his bad back, his Addison’s disease that lead to his sexual problems, his secret deal with USSR to sell out Turkey, his Administration falling apart, the words of JFK when it approved the overthrow of Diem in Vietnam. As they said in the old West, when the legend becomes the reality, print the legend.

By - Election, 1st of the Coalition Government

Guardian: Reports on major poll leads for the Labour Party in the Oldham East and Saddleworth contest. One would be VERY surprised if the Lib Dems had a chance of winning this seat, the Coalition vote is split, thus the argument for a single Coalition Candidate who would run on the Coalition Agreement, and would agree only to serve for this Parliament and not run in the General Election. Otherwise the Labour Party has a free run in future elections, so Lib Dems smell the coffee and form a electoral pact with the Conservative Party, the same for the Tories, in grown up politics and in Coalition Government there can only be one candidate fighting otherwise the Coalition will lose more by - elections.

Lord Prescott CRITICAL of “ Red ” Ed Miliband and “Miserable ” Gordon Brown

Telegraph: Reports on critical comments on past and present Labour Leaders by the former Labour Deputy Prime Minister Lord John Prescott while on Cruise, his boss Tony Blair had a better press from Lord Prescott. One can see why “ Red ” Ed Miliband wants to start with a fresh blank sheet, he has Blair, Mandelson on one side wanting a return to New Labour, while he has the Trade Unions who want to return to the winter of discontent of the late 1970s. The problem is for “ Brutus ” Miliband is that when the Labour ship is rocked he has no natural allies, so should Labour under Ed Miliband not be doing well in the polls over the next few years he can expected to be thrown overboard by the New Labour founders and replaced by his own brother the former Foreign Secretary David Miliband.