Did you feel that tremor?

It wasn't excitement, it was fear!  Here we all are, sitting on the beach, wondering why the sea gradually disappeared over the horizon?  Now we begin to feel a few tremors through our feet.  Enough metaphorics!

Markets dropped yesterday and again today, whilst the bond dealers are looking nervous following Ireland's downgrading by the credit ratings companies and that trusty bellwether, the Swiss franc, reached record heights. There are plenty of problems to share around but most of them reside in the USA where there are signs, at long last, of a split between Obama's politbureau and some of the State directors on the board of the Federal Reserve.  Bernanke, the Chairman, remains a mystery, or at least, a cipher, but even he must realise that Obama's profligate printing and spending is going nowhere, although it is achieving many of the hopes of the Marxists in his administration who are using it to gain domination over vast tracts of the US economy.

There will be tears before bedtime, but I am hoping - and even praying a little - that the brown stuff hits the fan during September and October, just in time to concentrate the minds of the American electorate so that they may savage the Congressional big-spenders in the bloody way they deserve.

In the meantime, the Republicans need to concentrate on what they intend to do, either from November this year, or November 2012.  I would strongly urge them not to begin with too much fresh legislation but instead to start by repealing almost all of the bills which, over the last 20 years have increased the power of the Federal government.  There absolutely must be another Reaganite drive to minimise government.

 

Comments

[JK]

ReagAn.

[JK]

http://www.msnbc.msn.com/id/38828261/ns/politics-decision_2010/?GT1=43001

[David Duff]

Listen, 'JK', you can only be teacher's pet once a week!

Yes, I picked up that story yesterday and had great pleasure in passing it on to the doom and gloom merchants!

[hank]

The new congress in 2013 will take office about two weeks before the innaguration, WIth lucck the new presidnt can sign the Obamacare rppeal at the innaguartion ceramony.

[David Duff]

Hopefully that will happen, Hank, but The Republicans need to apply such minds as they possess in order to find something more positive. I am absolutely no expert but I do sense that all is not entirely well with the American health care system. People need to be encouraged to take out personal insurance rather than relying on employers to do it for them, so the tax breaks for employers should be phased out and passed onto individuals, and the genuinely poor should be given vouchers to cover basic needs. It's difficult, I know, and I do not place much trust in the GOP being able to come up with sensible reforms but they should try.