Saturday, August 13, 2011
Nothing more entertaining than a nice conspiracy theory. Recently Standard and Poor's lowered US credit rating from AAA to AA+ inviting hostile comments from President Obama and Treasury Secretary, Geithner. But are they really as angry as they show or has S&P acted thus as a favor to the Obama administration? The Dow, which had fallen initially, rose more than 4% at Friday closing. This act maybe the stick Obama needs. He is planning to go on a bus tour and no doubt will blame Republicans for lowering America's prestige, increasing payment on US debt and lack of patriotism for potentially swingeing defence cuts. Not a bad start for his reelection campaign. Meanwhile over in Britain the Prime Minister, Cameron is busy trying to show how tough he is by launching a campaign of persecution against the poor while he hopes to erase public memory of his lovey kissy relations with Rebekah Brooks and News International crooks. He was oh so keen to give a second chance to Andy Coulson, now under arrest, but is promising extreme violence against recent rioters, mostly made poor and unemployed due to his severe austerity program. He has promised to bring out the army, which he is in the process of emasculating, interrupting social media such as Blackberry, much as Ahmadinejad did, and has started to eject families of looters from council housing, a tactic used by Israel on Palestinian bombers and relentlessly criticised by Britain. If the law is to be applied fairly then Cameron should be tried for being an ideological fanatic, wasting money on bombing Libya and sucking up to crooks. It is difficult to be tough as Thatcher. You need balls.
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