Wednesday 21 September 2011

Are current Governments 'throwing in the towel'?

Has anyone else noticed that during this campaign rooting for the opposition has been much easier than usual? I am involved in politics actively here in Poland (through volunteering and other support), but I also participate in a minor role when it comes to the USA and the UK. And I have observed a few frightening trends. In Poland and in the US, the current ruling elite is, according to me, going to simply give up! Now, they are not going to do it in the straight-forward stepping-up-to-the-plate sort of way, like Mr. José Luis Rodríguez Zapatero did in Spain (his Socialist government has been such a gigantic failure that he simply said he will not try for re-election). So here is what's happening.
In the US, President Barack Hussein Obama II has destroyed the economy completely. His Keynesian stimulus has made the country poorer and the collapse of the US Dollar is imminent. That great nation is on the brink of economic collapse because of what Mr. Obama and Mr. Bernanke have been doing. It is their fault - it's as simple as that. If either of these men understood basic economics, they were in position to save the United States from the result of terrible governance under Alan Greenspan and George Bush (these two cronies I will not even grace with the honorific title of 'Mr'). Sadly, Obama and Bernanke simply made things much, much, much worse. So what now? I think the Democrats are going to throw in the towel and let the Republicans take the blame for the coming crash. The US will either make absolutely massive cuts next year and raise interest rates to record levels (I predict 20%) or it will collapse and the Dollar will hyper inflate. The next administration will therefore have to make a decision - entire total collapse or huge US recession? Both A and B are terrible choices! Mr. Obama and the Democrats are likely to just let the Republicans and their man (Perry, or maybe Romney...?) make the tough call. When it comes to the easy stuff, like spending other people's money, Democrats will always shout that they are your best choice. But when it comes to cuts and savings - have the Lefties ever been able to do those things?
In Poland, meanwhile, the Parliamentary elections are coming up sooner - next month. And here I also observed a similar tendency. The government (PO and PSL), instead of laughing at the opposition (PiS and SLD and RPP) in their usual manner, are warning the nation that the opposition have a good chance of winning! This despite the fact that PO is leading PiS by 10-15% in the polls! The Prime Minister is simply waving his white flag already. And why? Similar reasons to those in the US. The current government know that a recession is coming and other vital decisions are soon to be made. For example, Poland is about to participate in the new European Union budgetary negotiations. The government is already saying they would be able to get up to 300billion Euro in subsidies for Poland at the negotiations (a ludicrous and unrealistic sum). So if PiS win and negotiate anything less (which is sure to happen) then PO will simply say they are terrible negotiators! Also, the future government will be forced to deal with unprecedented public debt levels (which the current government, PO, created). PO don't want to deal with that, they will just sit back and condemn future governments for cuts and thrift...
Thank God the United Kingdom, as bad as the situation is there, is still holding on to normalcy. All the more reason for me to praise Mr. David Cameron for a job well done.

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