Leaks and National Security

The Hill: Reports that the 2008 Republican Nominee and War Hero Senator McCain failed to get the US Senate to approve an independent investigation in the leaks that POTUS has a kill list for terrorists and that the US and Israel have placed computer viruses in the Iran nuclear plants.

Lets Get Real:

The Romney Campaign should go hard on this issue folks, national security was suppose to be a plus for the Oval, this could destroy that shield. This does recall the last two seasons of the hit TV show the West Wing, when there was a national security leak from the White House, very close to the Oval. The Democrats on the Hill must be hopping that fiction is not becoming fact. Who in the Obama White House will be the new Toby ( the Chief Speech Writer for the West Wing President ). The Republicans should hit the Democrats hard on Obama's comments that the private sector is doing fine and the refusal of Dems on the Hill to appoint an Independent Investigation. This will run and run folks, what are the Dems hiding, and when didn't the Oval know.

Ronald Reagan and the Modern Republican Party

The New York Times: A interesting debate on IF Ronald Reagan was around today would he get the Republican Nomination.

Lets Get Real:

It is simple folks, there are few Presidents you would walk in to hell and back for, Reagan is one of them, next would be President Kennedy. By their rhetoric they inspired, Kennedy with his call for action for a new 60s generation and Reagan calling the USSR an Evil Empire, they both believed in tax cuts and a strong defence, they both had a fondness for using the CIA, in the Kennedy case it was Cuba, in the Reagan case it was supporting the Contra Freedom Fighters. The real dream fight would have been a Reagan vs. Kennedy fight, both at the height of their powers, that would have been a fight to blog on folks, that would have been a real privilege, Those kind of leaders don't come around that often folks.

Greek Election - Euro Crisis

Telegraph Live - Greece: Reports in its 6.51pm post that Alexis Tsipras, the leader of Syriza the left wing anti austerity Party has stated that the previous austerity deal will be " HISTORY " after the 2nd Greek Election on Sunday.

Lets Get Real:

The bailout of the Spanish banks with no strings could be the steak through the heart of the pro austerity Parties in Greece, how can they ask the Greek voters to suffer if the EU has not asked the same of Spain. Of course the new Conservative Government of Spain has already started tough austerity measures but that will be hard to explain to the Greek voters. Thus by preventing a Spanish banking collapse so far the EU just might have killed off Greece as part of the Euro. The EU will be holding its breath on Sunday folks, what path with Greece follow, in our out of the Euro?.

Spanish and Italian Woes!! - Euro Crisis

BBC News: Reports on a second bad day for Spanish and Italian 10 Year bonds, today the cost of Spain borrowing rose to 6.81%, while Italy saw its bonds raise to 6.28%.

Lets Get Real:

It is like watching a slow moving car crash folks, the 100 billion euros bailout for the Spanish Banks only bought a few hours of rest to the Markets, as the article notes the devil is in the details, there are now questions who gets paid back first, the bond holders or the lenders to Spain. If Spain wants to return to the Markets it cant if it can not promise that bond holders will get their money back, yes another EU nightmare. Also there is always the Greeks, the Greek voter must be thinking, hold on how come Spain gets a bailout without any conditions, while the old poor people of Greece have to search for food from bins on the streets. Thus by saving the Spanish the EU might have forced Greece out of the Euro, no good deed ever gets by without some punishment folks. Thus if Greece leaves this could force Spain to ask for a State bailout, that could cost three hundred billion euros. If Spain falls then Italy could be next folks, the Italians have a debt of 2 trillion, yes folks jumping off a cliff time. Tense days ahead folks.

Obama and the Private Sector

Lets Get Real:

The Romney Campaign is going hard on President Obama's remarks that the private sector is doing fine. These remarks could define the Obama Presidency, thus own goal by the Oval. The Oval needs to get the President in to Campaign mode, also to keep to the message, its almost politics 101. The bad jobs report, combined with these remarks will drive the Chicago Re- Elect up the wall. This group is ruthless folks, the Romney Campaign has to hit hard and often, it almost has to be 24 hours. The Last Campaign standing wins folks. It is still a long road, Romney has had a few good days, lets hope the Campaign has many good days.

EU Control of Spain ?

Telegraph Live - Spain: Reports that Spain faces supervision from the EU when it comes to the hundred billion euros bailout of its Banks.

Lets Get Real:

This will go down like a lead balloon in Spain, the Spanish Government has tried to walk a fine line, that it has requested a bailout but that it is not in the same club as the rest of the PIG's. Thus the 1st impression that the loans was without strings. Folks would you give someone who is bankrupt and has asked for a loan a no strings loan. The worry from the side of EU elite is that the Greeks seeing that Spain has gotten soft terms will think if they vote for the anti austerity Parties that the EU will change the austerity deal and just give Greece more euros. The French and the Germans did not have a choice with Spain, its to big to fail, that is not the case with Greece. The Markets seem to think that the deal is not enough, the Markets wants Euro Bonds to be underwritten by Germany, the Germans do not want to fund the PIIGS till the end of time. This crisis is not over folks.

What does a 100 Billion Euros GET YOU ?

BBC News: Reports that despite the EU giving Spanish Banks a bailout of 100 billion Euros the cost of 10 year Spanish bonds has risen today, the bond markets charged 6.5% today.

Lets Get Real:

It looked good for a while folks, last night the Asian Markets were up, early today the EU Markets had a upswing, but the good mood didn't last, at the end of the day the markets returned to a negative rating. As the article notes the next worry is Italy, the cost of 10 year Italian bonds rose today to 6.032%. While Spain needing a bailout could be coped with, Italy is a different matter, it is to big to fail, the new Italian Government is making the right noises with reform and that it does not need a bailout, slight problem that is what all the bailed out Countries stated before a bailout. The NEXT big cliff folks is the 2nd Greek General Election, it can be expected that the left will argue that since Spain didn't have to agree to any austerity deals to get a bailout then Greece will be released from its tough austerity deal. The Germans had no choice with Spain, just to big to lose, while Greece is a different matter, even President Hollande of France has stated that Greece has to keep to its agreed deal, thus next Saturday is Greece Day folks, either Greece is in our out of the Euro, its destiny day for Greece and the Euro.