President Obama and the Polls

RCP: Reports on its average of the polls on the job performance of President Obama. In its latest average, POTUS has a 42.7% Approval rating, while 51.2% of voters Disapprove of the Obama record. Folks we are heading in to October, thus the Oval has a year and month to get back on the road, to regain the trust of Independent voters, and Conservative Democrats, Obama needs the above groups to give him a second look, so far he is pandering to the base, the jobs plan and the funding of that plan was to regain support of the Obama base, well folks at least he has not fallen below 39% in most polls, not quite Jimmy Carter. But sooner or later the Oval will have to move to the middle, in this Obama has a problem, if the US Supreme Court takes up ObamaCare it could be a nightmare either way for the Oval, if it ruled legal this will play all the way in to the November election, its fair to say ObamaCare is hated by Republicans and all the Republican candidates have promised to repeal ObamaCare, even outside Republican voters ObamaCare is not popular, thus angry people vote. If ObamaCare is declared illegal then the Oval spent a year for nothing, Obama would not have a domestic record. Of course the economy could turn around, aka 1984, this blog is not holding its breath. Thus Obama has a problem, either he disowns his liberal policies of most of his term and gives himself a chance of wining, or he adds himself to the following list, Hoover, Carter, Bush 41, one term President folks.

German Government and the Bailouts - Eurozone Crisis

Guardian: Reports that the Coalition German Government is coming under pressure for a further extension to the EU bailouts, the article states the following, “ ..pressure from EU officials to deliver fresh proposals to give the rescue fund a supercharged boost. ”. The problem for the German might come again from Greece, the troika will give Greece its 8 billion Euros but what happens if the Greeks fail to follow through with tough austerity. At what point do German voters make it clear that enough is enough. The EU elite it can be argued are in a delusional mind frame, they have spent years in praising the Euro, but what if it is a fraud, a currency that can never work, that would require the 17 nations of the Euro to give up their economic power to Germany. That the only way it will work, one can see even France having a problem with taking orders from Germany on how to run its budget. Folks think about this, the EU wants to borrow 2-3 trillion, when pressed no one seems to know who is going to give the money, again it will be down to the Germans, are the Germans really going to underwrite all the poor Countries of the Euro, what happens if Germany goes in to an economic decline, who is going to bailout Germany.

Germany and the Bailouts - Eurozone Crisis

Telegraph: Reports that the German Government is stressing that the passing of the expansion of EU bailout structure means a full stop to bigger bailouts. The problem with this new structure is that its old hat already, this was the plan for July folks, the fund had 440 billion bailout for the Euro crisis. The present problems as stated at a recent IMF meeting was that the Eurozone needs between 2-3 trillion euros to preserve the structure, thus bank bailouts, and a managed default of Greece. The troika of the EU,IMF, and ECB have to give Greece its 8 billion euros as they can then give that to the banks, the bailouts is not for Greece folks, its for the BANKS again! Thus expected G20 meeting in November is expected to devise the above plan of 2-3 trillion, the question is there enough time before the whole Euro falls flat on its face. The passing of the old bailout ( July ) was good, but it’s a first stage, how are the Germans going to react when they are told they have to fund PIIGS for years if not decades. The Euro crisis is not over folks.

ObamaCare and The US Supreme Court

BBC News: Reports that Obama Administration has asked the US Supreme Court to decide if ObamaCare is legal. This is a high risk move by the Oval, the decision will come before the November election in the US and the answer could be negative on two fronts, if the ObamaCare is declared legal the Republicans base will come out in droves to vote for Republican Nominee who would repeal the Act, also polls have shown that a majority of US voters want ObamaCare to be repealed. Thus this will be a push for US voters who want ObamaCare to be repealed to come out and vote. If the ObamaCare is declared illegal then Obama does not have a domestic record, just a lot of debt, thus either outcome is bad for Obama. Interesting few months ahead folks at the US Supreme Court.

POTUS 39% Approval = Gallup

Gallup: Reports on its latest daily tracking poll on the job performance of President Obama, in the poll of average voters, Obama has a 51% Disapproval Rating, while 39% Approve of the Obama record. Its simple folks, the PEOPLE understand that when a Democrat talks tax hikes in always hit’s the Middle Class, there are never enough rich people to tax to fund the welfare system the Democrats want to impose on the US. When in 1984 the Democratic Nominee for President, former VP Walter Mondale stated that under his Administration there would be tax hikes it lead to his defeat by 49 States to 1. It was a massive political mistake for Obama to shout class warfare this early, it might keep the base happy but it turns all his speeches to everyone else in to call for tax hikes. It will be interesting to see how the Obama Re-Election Campaign counters this negative view of Obama.

The Street and Ed Miliband

Guardian: Reports on the reaction to Ed Miliband’s speech in Southport, the article states the following, “ Southport remained unmoved by the Labour leader's ideas and oratory. ”. Politics is a brutal games folks, either you have it or you don’t, and Mr Miliband does not have it, you can be coached, but there has to be something there, there, all you see with EM is someone who would be a lot happier back at his elite University seminar, discussing the details aspect of politics. If you’re a Labour supporter you wonder how long it will take Labour MPs to wake up and get rid of Miliband. One has to wonder who will be the next Labour Leader, could it be the brother of EM, David Miliband, at least DM has some charisma and loyalty to New Labour.

House on Fire - Eurozone Crisis

Daily Mail: Reports that the UK Foreign Secretary William Hague has called the Euro crisis, a burning house with no exits, and the exits with be tough for Greece, Italy and Portugal. In many respects this is happy hour for Euro critics, this blog is Euro critic, the UK voter has never supported the Euro, its hard pressed to support the EU. But given the present crisis in the Euro the Germans have to get their finger out, pass a big bailout fund, in the end it will come to around two trillion euros, the States that make up the Euro have to give up their power on how they run their own economy, the Greeks and Italians will be owned by the EU/IMF/ECB. Also the Germans have to fund a Euro bond, this will bailout weak Countries of the Euro. The only thing the UK should do is before all this can be pass by all the EU is to make sure there is no Euro tax on the financial sector for those outside the Euro. Thus if a tax is bought in by the Euro Countries all the financial institutions will move to London, a WIN for the UK. Got love the Euro crisis.