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    Now Is Not The Time To Play It Safe

    Now Is Not The Time To Play It Safe

    Choices will have to be made soon, and chief among them is whether to tackle the debt problem head on and take the political risk, or not.

    I don’t see it as much of a risk.  Obama will not be defeated unless front and center is the damage to the nation from the national debt and the deficits, and the absolute abdication of duty by the Democrats.  Instead of 14 Wisconsin fleebaggers, we have an entire Democratic Party and President who have fled from the central issue of our generation.

    With the mass media on Obama’s side, milquetoast is not going to work.

    Obama is overplaying the bin Laden card big time, but he can’t help himself because it is the only achievement of his administration as to which he is on the side of the American people.  Every other supposed achievement — Obamacare, Stimulus, not sure what else — in fact was an abject failure and unpopular.

    Obama cannot ride bin Laden forever.  It’s the debt stupid.  And the big, ever expanding government which stifles job growth. 

    The Democrats think they are sitting pretty with stupid, childish commercials about Grandma being thrown off a cliff.

    Let them think NY-26 was their Virginia, New Jersy and Massachusetts.  Three sweeping wins in significant sized states versus a mere plurality in a messed up congressional race in which a fake Tea Party candidate served as spoiler.

    Now is not the time to play it safe.  Because safe is a guarantee of four more years of the worst President since the Great Depression.

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    Comments


    Madcon, I'm always grateful when a fellow Californian agrees with me in public. If the many conservatives in CA would step up and fight, we might retake the GOP by ourselves. There are more conservatives and Republicans in CA than anywhere else but we don't have a Republican party. (This is usually when Texans step in to declare that CA is hopeless and that "we ought to just give it back to Mexico".

    And people wonder why Republicans lose even when they "win".

    Gee, who has been taking it to Obama for almost two years… that's right Sarah Palin.

    The others just down' the courage or the correct principles. I am tired of folks believing that the media beat down makes it impossible for a win. By and large Americans are fair people. The left overplayed their hand and folks just aren't buying the BS coming out in the media anymore.

    As they've tried to 'sell' us on one quisling after another, the poll numbers have gone down for the flying monkey candidate du jour…

    Watch, they are on to Plan B and starting to say Palin can win… in the hopes this will drive her numbers down. They will be disappointed to discover that the trend will be broken with Palin.


     
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    viator | May 29, 2011 at 1:29 pm

    History is moving fast right now. The situation, far from static, is volatile.

    There is a whole flock, or lamentation, of black swans circling. Some are named Greece, Portugal, Ireland, Spain, Italy. What are the US political ramifications if the European social democratic mother ship crashes in insolvency in the next 18 months? Events are moving very fast and for quite a while only in one direction: toward collapse.

    Some examples from just the last few days:

    Barcelona, Spain
    Protest demonstrations against the above have now broken out across Spain

    "Ireland may need more EU/IMF cash: minister" (a second bailout)
    "In comments to The Sunday Times newspaper, Transport Minister Leo Varadkar became the first cabinet member to cast doubt in public on Ireland's ability to raise cash on the bond market"

    "The team of experts from the European Central Bank , IMF and EU Commission, the economic and fiscal condition of Greece examined the will, according to information obtained by SPIEGEL, in its quarterly report on an alarming finding: Greece MISS(ED) ALL AGREED FISCAL TARGETS"

    google translate

    A failure to meet agreed deadlines like this may be all it takes to stop the Greek bailout and trigger default.


     
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    viator | May 29, 2011 at 2:22 pm

    A long fact filled thoughtful piece on Europe by John Mauldin….

    “All political thinking for years past has been vitiated in the same way. People can foresee the future only when it coincides with their own wishes, and the most grossly obvious facts can be ignored when they are unwelcome.”
    – George Orwell

    "The IMF warned this week it may not continue funding Greek debt in the very near term. Greece might be denied the next tranche of financial aid if an audit of its budget accounting shows that the country cannot guarantee financing for the next 12 months, Eurogroup President Jean-Claude Juncker said Thursday. "I'm not the spokesman of the International Monetary Fund, but the rules say they can only disburse if there is a financing guarantee for the 12-month period," Juncker told reporters at a conference in Luxembourg. Juncker is very discreet and savvy. Clearly he had discussions with IMF leaders before making such a statement.

    “If that happens, he said, the IMF's rules could stop the fund from contributing its share of the next slug of bailout money, due to be paid out to Greece on June 29. The review, from the so-called troika of officials from the European Commission, European Central Bank and IMF, is due to be presented next week. ‘I don't think that the troika will come to the conclusion that this’—12 months of funding commitments for Greece—‘is certain,’ said Mr. Juncker, speaking at a conference in Luxembourg.

    “In that case, the IMF would expect other euro-zone governments to step in and cover the funds. Drumming up that financing would be hard in countries such as Germany and Finland, he said. IMF spokeswoman Caroline Atkinson said Thursday in Washington that the fund generally doesn't lend if there are gaps in financing, and that it was seeking reassurance from the euro-zone countries who are also lending to Greece."

    "Sidebar: for the record, there are reportedly massive bank runs in Greece, especially on large uninsured deposits."

    (Notice that the ECB (European Central Bank) has Two Trillion Euros worth of questionable, some quite possibly worthless, bonds as collateral.)

    "My good friend and early mentor Dr. Gary North wrote a poignant piece in his Reality Check letter today about ignoring the signs of pending problems. I insert it here as the launching point for the close of the letter. (I learned about Austrian economics, and a great deal of what I know about writing, economic history, and more during my early years [in the ’80s] as Gary’s business associate.)

    “Trigger Points and Evasive Action

    “When would a wise Jew have begun making plans to leave Germany? 1933? 1934? 1938? 1939?"

    John Mauldin

    Amen, Professor, amen.


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