Catharsis Ours

Commentary on the economic , geopolitical and simply fascinating things going on. Served occasionally with a side of snark.

Thursday, January 26, 2012

Love letter from the GOP to Turbo Timmy !

Posted by Unknown at 9:59 PM

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Europe watch - Germany sets forth its terms for governing Europe as CDU / CSU and SPD come closer to forming their Grand Coalition........Spain continues trying to baffle with BS - is that game coming to a close ? When does Greece go boom again - stated another way , when does play Lucy with the football to Greece's Charlie Brown ?
Bipartisan Budget Deal reached in the House ! Short summary --The mini-bargain — the "Bipartisan Budget Act of 2013" — sets discretionary spending levels a little above $1 trillion for the next two years, while repealing and replacing some cuts of sequestration. In fiscal year 2014, spending is set at $1.012 trillion, which sits about halfway between the proposed levels of the House and Senate budgets. The legislation provides $63 billion in sequester relief over two years, which is split evenly between defense and non-defense programs. This is offset by other cuts in the budget. Ryan and Murray said that the deal reduces the deficit between $20 million and $23 million. No extension of unemployment benefits for workers unemployed more than 26 weeks means 1.3 million Americans lose benefits come December 28 , 2013 ( Merry Christmas sheeple ! ) ....Perversely , this will rsult in alleged unemployment falling ( Hello taper - if not shortly , what will be the next excuse ? )
EuroGroup Meeting to save Greece descends into comedically sad food between IMF and EU , Germany and IMF - Greece still has gotten a euro as plan to discuss what was just discussed set for next week.....
Bilderberg Conference will focus on Syria regime change game plan. US position on whether they would or would not attack syria changes like the weather - however with horrid employment numbers just out Friday , the need to appear Presidential , decisive and change the subject from the Economy / Jobs , has probably increased the pressure politically for the WH to go full speed ahead here....
Malaysia Airlines Flight 370 Day 26 , 2014 --What do you mean by flight MH370 'ENDED' in the ocean, Pakistan asks Najib to CLARIFY ....... M'SIA BREAKS UNDER STRESS: Minister now lashes out at Boeing, Rolls-Royce as MH370 search remains FRUITLESS ..... And Enemies list being drawn up by Malaysian Authorities also demonstrates strange defensiveness..... ..... No signs of debris linked to Flight 370 on the surface found to date , Submarine joins hunt ..... The investigation into Malaysia Airlines' flight 370's disappearance may never find the true cause, the country's police chief warned on Wednesday......