No 10 vs. No 11 = Government AT War ?

Telegraph: Reports that No 10 is worried about the lack growth in the UK economy, aides to Coalition and Conservative leader David Cameron want the George Osborne the Chancellor of the Exchequer to have a plan for Growth. This is not like the late 1980s folks when Lady Thatcher was at war with her Chancellors, its just No 10 wanting political cover for the PM when the low growth figures are announced tomorrow. The Coalition needs growth to reduce the debt of the UK, thus far with the Euro crisis and the US debt crisis has not helped, the simple fact is folks is that the UK and the US are drowning in debt, the welfare state is killing itself, it has to be reformed or it will send Western Europe over a cliff, this takes political courage folks, thus far courage = politicians is a major joke, a bad joke but a joke.

President Obama from the White House

Click HERE to see President Obama live from the White House. This is a mistake folks, never do something like this unless you have a deal, so far no deal, just hot air out of both sides.

Obama to Address US = Debt Ceiling

BBC News: Reports that President Obama is to address the US tonight on the US debt ceiling crisis. It seems from reports in the US that the President wanted the air time to go over his talking points and support the Democratic Senate plan. It has been noted that the plan by Senator Harry Reid might not even get the sixty votes in the US Senate to get a vote and would fail in the House, the White House has stated the following on the Reid plan, “ Now, faced with the “my way or the highway,” short-term approach of the House Republicans, Senator Reid has put forward a responsible compromise that cuts spending in a way that protects critical investments and does not harm the economic recovery. All the cuts put forward in this approach were previously agreed to by both parties through the process led by the Vice President. Senator Reid’s plan also reduces the deficit more than enough to meet the contrived dollar-for-dollar criteria called for by House Republicans, and, most importantly, it removes the cloud of a possible default from our economy through 2012. The plan would make a meaningful down payment in addressing our fiscal challenge, and we could continue to work together to build on it with a balanced approach to deficit reduction that includes additional spending reforms and closing tax loopholes for corporations, millionaires and billionaires. Senator Reid’s plan is a reasonable approach that should receive the support of both parties, and we hope the House Republicans will agree to this plan so that America can avoid defaulting on our obligations for the first time in our history. The ball is in their court. ”. Folks the Oval is playing chicken, the Reid plan main point is to get the debt ceiling off the agenda of 2012, the Republican plan is two stages, raising the debt with cuts up to end of 2011 and then have another vote in 2012, this would be a nightmare for the Oval, the Obama Chicago Re-Election Committee would have PR nightmare in selling another debt raise. The chickens have come home to roast for POTUS, his economic plan has failed to reduce unemployment, now at 9.2%, the point of ObamaCare was to reduce the costs of health care in the US, the reverse has happened, costs are sky high. Hubris is when someone thinks their IT, the STAR of the show, the problem is in movie terms if you last movie flops and the public turn against you, it either you change or have a different career. POTUS might find in 2013 that he has to go back to being a Law Professor, being a Carter Mark 2 will not be fun for Obama, hubris can be fun to watch sometimes.

Obama and the Polls

RCP: Reports on its Average of the Polls for the job performance of President Obama, the latest has POTUS on 45.8% Approval while 49% of US voters Disapprove of the job performance of President Obama. This is not good folks, but we are a year and half way from the 2012 Presidential Election, a lot can happen between now and then, the US economy could turn around, thus the unemployment rate could go down from 9.2% to around 8%, the US voter could start to love ObamaCare, outside the box thinking folks, the Wars in Afghanistan and Libya could turn around, seen a major US victory, yes folks we are in the Twilight Zone at the moment. We shall see, its not over till its over, or words to that effect.

The Debt Ceiling Plans

Fox News: Reports on the conflicting plans between Democrats and Republicans, on the Democratic side there would be two trillion in cuts and no tax hikes, thus taking the issue off the table in 2012, on the Republican side its two stages, cuts of one trillion but only taking the issue off the table for this year. Folks this down to politics, the Obama Chicago re-election committee knows that if there votes next year to raise the debt ceiling its over for President Obama, the Republicans are also playing a game, they want to see Obama ask during an election year for the debt ceiling to be raised, it would mean political oblivion for Obama. It can be argued that the Republicans have never had a stronger hand, they should pass a one trillion cuts plan and raise the debt ceiling and leaven town, force the Democrats to kill the idea and then allow the US to go in default. The US voter has had it with Washington spending, the welfare structure of the US will drive the US the way of Rome and the British Empire, it will go broke, and it will be a lot sooner than expected, then China will be the new economic super power, God help Taiwan then, China could move in and the US would be to broke to react, that was the fate of the UK after the end of World War Two, we had to ask the US to take over our Imperial responsibilities. The Liberal welfare state of the US was good idea folks, but we are know in the 21 Century, the US has a ageing population and a narrow work force, taxes raised don’t match spending. Also the US is still in Afghanistan and Iraq, and lets not forget Libya, another Congressional problem for POTUS. It can be argued we are seeing the end of the informal American Empire, and its decline was its own fault, it didn’t learn the lessons of history, it forgot about the mother country, YES that the UK folks. All Empires end folks, its how they end that matters, to have gone broke is not a good way for the US to be recalled through the ages.

Debt Ceiling DEAL by Monday ?

The Hill: Reports that Speaker of the US House of Representatives, Speaker Boehner is expected to have a plan to show to his Republican colleagues by Monday and a vote by Wednesday. The plan calls for cuts and a equal raise in the debt ceiling. As long as there is no tax hikes this is a good plan, force the Democratic controlled Senate and the Oval to veto plan, the Speaker should announced after the vote on Wednesday that the House is going in to recess, thus they are not passing anything else, in other words leave the Democrats with no choice, either pass the House bill or allow the US to go in to default. Its Chicago politics all the way folks.

Debt Ceiling Crisis

Telegraph: Reports on comments made by Bill Daley, President Obama’s Chief of Staff, Mr Daley stated that the money markets and the US voter faced stressful days ahead. At the end of the day folks the US cant just add more debt, at present the US debt stands at fourteen trillion, the Republican House should force the Oval to make heavy cuts in the US welfare system, while not hiking taxes, any deal between the Republican and the Democrats should not have any tax hikes, for the rich to the middle class. The Republicans have to keep their nerve and smoke out the real Obama, does Obama want to really make a major deal with cuts or does he want to pander to the liberal base of the Democratic Party, this deal will define Obama.