Razing Cain
I can’t decide what’s more exciting – the possibility of a collapse of the European Union at the hand of the Greeks or the collapse of the Republican Nominees at by their own hands.
The Greeks, if you haven’t heard, are not happy about an austere future after decades of economic mismanagement, lax tax policy, huge public pension liabilities and a general “thumb my nose at you” attitude that prevails when you are living on borrowed money that you know you’re not going to pay back.
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Well, the baklava is hitting the fan now. The Greeks have to endure a belt tightening that would make Achilles heel issues seem quite palatable. Higher taxes (hopefully someone will pay them this time), shorter vacations, lower pensions, lessening of public services…these are all on the horizon for the Greeks, then the Portuguese, the Spaniards and the Italians. Europe is going to transform into the United States at the same time that United States is trying to become a social basket case like Europe!
The line of defense between US becoming a socialist basket case and retaking the route of capitalism is the line in the sand being drawn by the Republican Party. Oh God! Now I am worried!
This past week saw the rise and then the implosion of Herman Cain after the revelation of sexual harassment charges stemming from his tenure at the NRA (National Restaurant Association). In response, Cain lit up a cigarette and smiled. That was a joke, in case you haven’t seen his viral campaign commercial. In the real world, Cain did very little smiling last week. He was on the defensive all week, first claiming no knowledge of the incidents, then blaming the liberals, then the liberal media and finally blaming Rick Perry, fellow Presidential wannabee. Meanwhile, Mute Romney picked up 1% in the polls, further confirmation that the electorate wants anyone but Mute as their nominee. They may have to settle for him anyways if the other candidates keep self-destructing.
Perry, the cowboy from Texas, stands to gain if Cain is razed from the pack. He is the next anti-Romney. But, even Perry can’t seem to get any traction especially after what looked like “Perry high on drugs” delivering a speech in New Hampshire which you can watch here in its entirety: http://www.youtube.com/watch?v=21z30aNO3cA. The winner, I alluded that this might be the case last week, was Barack Obama whose favorable ratings increased by more than 15%.
While Greece and the GOP dominated the news last week, a more serious issue is getting little airtime – the Super-Committee. Remember them? They were the group of dems and republicans tasked with cutting the deficit. They are scheduled to report their recommendations in just one week in order for them to be reviewed by the November 23rd deadline. So far it’s not looking good, as cuts are being proposed along party lines. If they fail to agree, then automatic cuts will occur with the defense budget being axed the most…good thing we are pulling out of Iraq!
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