Monday, June 29, 2015

Ted Cruz Righteous Against Karl Rove – Meanwhile in Greece and Puerto Rico...

The morning papers are having some fun with the “spat” between Ted Cruz (R-TX) and Karl Rove (the architect of the Bush brigade) over Cruz’s assertion in his new book, that Rove told him to back off an endorsement by President H. Bush, given the man’s age, and a current race tied to donations to the Presidential library. Rove said Cruz flat out lied, Cruz pulled the emails from 2009. (Dallas Morning News) Score Cruz 1 – Rove 0 – Cruz is turning out to be one of the most interesting contenders for the 2016 prize –the other, Bernie Sanders, VT-Democrat Socialist or Socialist Democrat – is giving Clinton a run for her money – and best bet is he surpasses her in the polls and stays there.

Over the weekend, the nation of Greece decided to close its financial institutions for six days given it’s ongoing battle with those who hold the purse strings to a nation that has no ability to stop guaranteeing work, vacation and pensions to one and all – the system is a house of cards when that nation also has little in the way of exports. This affects all global markets. (The Guardian UK)

Next up on the possible default list – Puerto Rico - whose Governor announced they simply cannot pay their debts, many of which are tied to municipal bonds (hello – 401k’s) – His suggestion that “creditors must now “share the sacrifices” that he has imposed on the island’s residents.” Is par for the Democrat Padilla – to read more on this on- see article in the New York Time (New York Times)

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