US Fiscal Crisis

Weak Republican Field Means Obama’s Re-Election – Second Term President Would Have The Opportunity To Lead By Fashioning Bipartisan Consensus Behind Major Reforms. Will He Do it?

Posted by on February 22, 2012 at 10:37 pm

By Paolo von Schirach February 22, 2012 WASHINGTON – Whatever happens with the Republican nomination process, the winner is unlikely to truly inspire America. For different reasons, Mitt Romney, Newt Gingrich and Rick Santorum are all very weak candidates. (I shall not even try to assess Ron Paul, who lives all by himself in a [...]

Confused Republicans Will Have A Weak Candidate – Four More Years For Obama – Bad for America, As This President Has No Convincing Pro-Growth Plan

Posted by on February 9, 2012 at 11:28 pm

By Paolo von Schirach February 9, 2012 WASHINGTON – The confused and fractious Republicans appear terminally incapable of getting their act together, as the latest contests in Colorado, Minnesota and Missouri won by comfortable margins by conservative Rick Santorum show. By now it is pretty obvious: a large chunk of the rank and file GOP activists really do not [...]

Obama’s Election Strategy Is To Push “Fairness”, As If This Would Solve Anything – Taxing The Rich Will Not Get Higher Growth, Nor Will It Get Better Educated Children

Posted by on January 26, 2012 at 11:49 pm

By Paolo von Schirach January 26, 2012 WASHINGTON – It is quite depressing to observe Washington total political paralysis, accompanied by cheap and openly divisive populism. Admittedly, it is difficult to govern when the two parties are so deeply divided. But the president has to try. This is what he was elected to do and what he gets paid [...]

Proposed Pentagon Cuts Part Of Obama’s Re-Election Platform: Less For Defense, No Entitlements Cuts – As For US Security: We Take Our Chances

Posted by on January 6, 2012 at 11:10 pm

By Paolo von Schirach January 6, 2012 WASHINGTON – So what is it going to be? Do we cut Medicare or the Pentagon budget? Says president Barack Obama: First we cut defense, and then we shall see. America is voting in a few months and there are more votes for me in keeping Medicare as is. No national [...]

America’s Government Is Dysfunctional – The Ideologues Dominate And Compromise Is Impossible – Gridlock Until The 2012 Elections, And May Be Beyond

Posted by on December 18, 2011 at 10:08 pm

By Paolo von Schirach December 18, 2011 WASHINGTON – The topic of the ABC News Sunday morning talk show today was the size of the US Government: “Is it too big, or not big enough?” Supposedly this is the focus of “The Great National Debate” in America, and the leading theme of the forthcoming 2012 national elections. [...]

“Super Committee” Failed, As Predicted – Compromise On Spending and Taxes Perceived As Political Suicide By Both Parties – Nothing Will Get Done In 2012 – If US Still Split After 2012 Vote, Expect More Gridlock On Spending – Markets Are Watching

Posted by on November 21, 2011 at 10:57 pm

By Paolo von Schirach November 21, 2011 WASHINGTON – The Congressional ad hoc “Super Committee” co-chaired by Rep. Jeb Hensarling, (R. Texas), and Senator Patty Murray, (D. Washington), failed in its mission to produce an agreement on any mix of spending cuts and revenue  increases that would have resulted in total savings of at least 1.3 [...]

America Is A Pacific Power, Obama Told The Australian Parliament – No Cuts To US Military Spending For The Pacific Region – Marines To Be Deployed In Darwin, Northern Australia – But Will America Have The Money To Follow Through?

Posted by on November 19, 2011 at 10:37 pm

By Paolo von Schirach November 19, 2011 WASHINGTON – US Marines to be deployed in Darwin, in the very North-West of Australia. Not much of a fighting force; but more than a just a token gesture. This announcement comes in the context of a strong reaffirmation of a strategic partnership between The US and Australia emphasised [...]

European Debt Crisis Due To “Worn-Out Welfare Society”, Declares Manager Of China’s Sovereign Fund – In Europe “The Labor Laws Induce Sloth”- Pretty Strong Indictment, Coming From A Socialist Country Official

Posted by on November 12, 2011 at 11:54 pm

By Paolo von Schirach November 12, 2011 WASHINGTON – It is hard to put a positive spin on the “Club Med” crisis within the European Union. Indeed, all the Mediterranean and Southern countries –Portugal, Spain, Italy, Greece and Cyprus are in economic decline. Their mediocre political leadership has been incapable of countering this trend and equally [...]

President Obama Has No Economic Growth Policy – And He Failed To Tackle The Housing Crisis – New Mortgage Refinincing Rules Too Timid – 11 Million Americans “Under Water”

Posted by on October 28, 2011 at 10:18 pm

By Paolo von Schirach October 28, 2011 WASHINGTON – Barack Obama has had the bad luck of becoming US president as America was trapped in the worst recession since the Great Depression. The economic devastation he encountered was obviuoulsy not his fault. But it is his fault that he failed to appreciate the severity of this historic disaster early enough. [...]

European Banks Need a TARP-Like Measure to Inject New Liquidity And Recreate Market Confidence, Says Roger Altman – Problem Is Europe Has No Treasury To Plan and Implement – EU Institutions Weak, Not Up To The Task

Posted by on October 12, 2011 at 9:33 pm

By Paolo von Schirach October 12, 2011 WASHINGTON – Former Clinton era US Deputy Secretary Roger Altman makes a compelling case in a The Financial Times op-ed piece, (America’s blueprint for bailing out Europe’s banks. October 12, 2011), for the quick adoption by Europe of its own version of the TARP, (Troubled Asset Relief Program), the Washington engineered [...]

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