Obama and Class Warfare - Payroll Tax Cut

The White House: Remarks by President Obama on the two month extension of the payroll tax. The President folded when it came to the payroll tax folks, he wanted to tax rich people to please his extreme left wing base, even after the Congress passed the extension minus his rich tax, Obama cant let it go, the President stated the following, “ So I'm very pleased to see the work that the Senate has done. While this agreement is for two months, it is my expectation -- in fact it would be inexcusable for Congress not to further extend this middle-class tax cut for the rest of the year. It should be a formality. And hopefully it’s done with as little drama as possible when they get back in January. …..There are plenty of ways to pay for these proposals. This is a way to boost the economy that has been supported by these very same Democrats and Republicans in the past. It is something that economists believe will assure that the economy and the recovery is on a more stable footing than it otherwise would be. And my preference, and the preference of most Americans, is that we ask the wealthiest few Americans to pay their fair share and corporations to do without special taxpayer subsidies to cover some of the costs. But I think that it's important for us to get it done. ”. It seems that 1984 Presidential Election passed POTUS by, in his convention speech former Vice President Walter Mondale stated he would raise the taxes of Americans, he lost by 49 States, 59% of the vote and 525 Electoral votes. The US voter does not want to tax the rich, he or she wants to become rich, only a elite out of touch, and as Democrat Congressman stated, arrogant President would not get that fact, one really thought Obama was a grown up, but I guess he forgot that teachable moment from 1984.

Shut Up France - DPM Clegg

Guardian Live - Euro: Reports in its 7.26pm post that the Deputy Prime Minister and Liberal Democrat Leader Nick Clegg in essence told France to shut up about the credit agencies downgrading the UK credit rating. There is hope for Nick Clegg yet folks, the DPM stood up for the UK, telling the French PM that the actions of the French has been wrong. The Liberal Democrats as a Party have to learn that the UK is in no way pro Europe, in fact if it could become a the 51st State of the US with the Queen as head that would get a majority vote. Well done Mr Clegg.

France = Negative Forecast

Telegraph Live - Euro: Reports that Fitch Credit Agency has kept the French Triple A rating but given it a negative forecast. It is rumoured folks that S&P will downgrade France after the Market closes in the US. If France does go down to AA rating this could finish the hopes of the French President of winning the 2012 Presidential Election, thus expect more attacks on the UK folks, when it comes to politics folks it’s the last man standing that wins, brutal but harsh. As noted in the Guardian yesterday, if the French lose the triple A standing it will cost them more to borrow from the market, thus affect their ability to fund a bailout of the PIIGS, everything is local folks.

The Republican Debate - Review

BBC News: Reports both Governor Romney and former Speaker Newt Gingrich came under attack at the Republican Debate, Romney on his Conservative record and Gingrich on taking money from a Federal Agency. As stated in my tweets of the debate the winner in the view of this blog was Newt Gingrich, but Romney didn’t do any harm to his chances either, the one candidate that was out there folks was Congressman Paul, he was to the left of Obama when it came to Iran, there no chance of Paul winning the Republican Nomination. This was the last debate before the Iowa vote folks, NOW the candidates have to meet the voters, in Iowa they like to kick the tires of the candidates as the saying goes, when the good people of Iowa vote it’s a cold January night, thus the Candidates have to create passion for their campaign, Paul will be in the top three, as to 1 and 2, its between Gingrich and Romney folks, couple of interesting weeks ahead folks.

A French DOWNGRADE - Eurozone Crisis

Guardian: Reports that if France was to lose its Triple A rating, it would “ ..would drive up the interest Paris pays to borrow and make loans in the wider economy more expensive.. ”. Thus the French Elite are in full spin folks, if they lose their AAA rating while the UK keeps its rating this will cost the French President his re-election. Think about this folks, in essence the French Government and State Bank is calling for the UK to lose its rating, this would drive up the UK’s borrowing costs and retract the economy, Wars have been fought for less folks. It time to stamp hard on the French, one has to wonder if it is not time for the UK’s War dead from World War 1 and 2 to come back to the UK, if France does not show respect to Country that saved her, should we allow our honoured dead to be buried in French ground. It is a fair question folks, time for France to show some respects to a Country that saved her backside twice.

France vs. UK

Telegraph: Reports that the Governor of the Bank of France, Christian Noyer has called for the credit agency S&P to strip the UK of its triple A rating before France. Folks it just shows when it comes to French self interest, it will always comes first, the French view is simple, everyone else can be thrown over the cliff before France. In many respects this blog can respect that, but gets VERY annoyed when France starts going about the European interest, France could care less, in the past, present and future it is always about France. Thus with this blog, it’s the UK first and last, and France can be thrown out of the nearest airlock, lets hope the French respect that opinion.

The END of the US War in Iraq

BBC News: Reports on the US taking down the US Flag in Baghdad, Iraq, thus ending the eight year military operation in Iraq. Thus folks the US finally leaves Iraq, after 4.500 US deaths, 179 UK deaths and a reported 100,000 Iraqi deaths. The question that has to be asked folks, was it worth it, at its most basic, was it worth the death of 1 US or UK Soldier, at the end of the day Iraq is Democracy, hardly stable but a democracy, Saddam Hussein got hung in public in essence, this blog does not weep for him, got what he deserved. As to the future, that is up to Iraq, will it remain a democracy, hard call folks, it does seem that the Iraqi people have gotten in to the habit of voting, that is good, but Iraq’s neighbour Iran is on the way to becoming a nuclear armed power, might Iran invade Iraq to divert attention form this, there is a chance folks, will Iraq become just a satellite of Iran, 6/10 it might happen, Iran will have the bomb, Iraq wont, but that is the future folks, lets for the moment recall all those brave Allied Soldiers that have died, lets hope their deaths were not in vain, that would be condemnation of the Iraq War.