Madrid - Spain plans to borrow 207.2 billion euros ($266.5 billion) next year, the Budget Ministry said today, as pressure builds for Prime Minister Mariano Rajoy to tap the European rescue fund instead of financial markets. Spain’s debt will widen to 90.5 percent of gross domestic product in 2013 as the state absorbs the cost of bailing out its banks, the power system and euro-region partners Greece, Ireland and Portugal. This year’s budget deficit will be 7.4 percent of economic output, (Snip) Spain’s borrowing plans may test investors’ willingness to continue financing the government with the
Comments: How will Spain (and Greece and Italy and Portugal.......) ever be able to repay these massive loans especially as the world economy continues to languish? They can't. Those approving the bailout don't even really expect repayment. They just expect the thrall taxpayers to come up with the money again and again and forget that they've done it before with failure as the only result.
The EU ideal must not perish regrdless of the cost - as run by EU PM Mr. Borroso of Portugal, a Communist and Maoist to boot in his youth. The goal is enslavement of Europe. Thank God for Nigel Farage of the UK Independence Party. His brilliant, eloquent speeches on Youtube, where he gets right in the Communists' faces on the EU Parliament floor, are a must for freedon-loving persons anywhere who are concerned about debt. And who want to see the grinning present-day disguises of Communist totalitarianism.
Wow. Spain will acquire $267B of more debt. Spain is just as stupid as Bernake and his traveling demonrats. These idjits won't be satisfied until the whole world collapses economincally so they can usher in the new world order while the rest of us live in the 8th century.
We at Townhall have been covering this hotly contested Senate race for months and the results are finally in: With 36 percent of precincts reporting, Elizabeth Warren has been declared the next junior Senator from Massachusetts. Warren has never held public office before and the eye-popping $40 million she raised this election cycle evidently proved more than enough to unseat incumbent Senator Scott Brown. This was the most expensive Senate race of 2012 -- by a long shot.
Former Gov. Angus King, running as an independent, won the Senate contest Tuesday in Maine, NBC News projected, taking a seat that had been held by the Republicans. The loss further complicated the party's drive to take control of the Senate (Snip) Republican Ted Cruz defeated Democrat Paul Sadler to hold the open seat in Texas, succeeding retiring Republican Kay Bailey Hutchison, NBC News projected. See results Democrats held small edges in two of the other states critical to the balance of power in the Senate: In Massachusetts, where Elizabeth Warren, a law professor at Harvard University, was leading Republican
CNN’s Peter Hamby reported that Mitt Romney‘s internal polling showed President Obama leading in Ohio by five percentage points.Per Hamby’s post: The number represented a sharp final bump for Obama in Ohio, a race that had essentially been a tied race through much of the previous week, according to the campaign’s daily tracking. The polling, which also showed a tight race in Pennsylvania, explains why Romney officials decided to send their candidate on last-minute Election Day visits to Cleveland and Pittsburgh.
The Obama and Romney campaigns may be gearing up for a very late night, with one Obama campaign adviser predicting that in Florida alone, "they'll be counting until 2 a.m." The Obama adviser said signs suggest the race is quite tight, though the campaign claimed to be "holding strong" in key battlegrounds like Ohio, Pennsylvania and Wisconsin. The adviser also said turnout among black voters in Virginia was better than expected, suggesting that could be a problem for Mitt Romney. Republican operatives in Virginia, though, predicted a razor-thin victory for their candidate in the state.
Washington - Early returns on Tuesday in what is anticipated to be a dead even presidential election contained no surprises, as CNN projected President Barack Obama will win his home state of Illinois and eight other races while Republican challenger Mitt Romney will win nine states. All races called so far went as expected after the roller-coaster ride of an election campaign that was buffeted by a superstorm and missteps on both sides. Obama and Romney ran dead even in final polls that hinted at a result rivaling some of the closest presidential elections in history, reflecting the deep political
A week after Hurricane Sandy slammed into the East Coast, a majority of voters said President Barack Obama’s response to the crisis wasn’t a factor in their vote, according to early exit polls. Fifty-five percent of those surveyed, per CBS News’ early exit polling released by radio station WKZO in Kalamazoo, Mich., said Obama’s handling of the storm was a minor factor in their vote or wasn’t a factor at all. Twenty-six percent named Sandy as an “important” factor, and 15 percent said it was the “most important” factor in their decision.
Mitt Romney is leading among independents in both Ohio and Virginia, early exit polls show. In Ohio, the former Massachusetts governor takes 56 percent of self-identified independents, compared with 40 percent for President Barack Obama. That’s a huge decrease for Obama from 2008, when the exit polls found him winning independents in Ohio by 12 points, 52 percent to 44 percent for John McCain. The numbers are similar but slightly tighter in Virginia: Romney takes 53 percent of independents there, according to ABC News exit polls, a 12-point lead over Obama. In 2008, Obama won independents in the state by
Mitt Romney and President Obama each racked up early and expected victories Tuesday night in relatively safe territory, while some of the biggest battlegrounds that will decide the election remained too close to call. All the big swing states where polls have closed -- Florida, New Hampshire, Pennsylvania, Ohio, Virginia and North Carolina -- were too close to call, Fox News projects. (Snip) Obama will also win three of Maine's four electoral votes, Fox News projects. It is unclear where the state's fourth electoral vote will fall. The latest batch of poll closings, and results, has allowed Obama to take
Mitt Romney was projected the winner in South Carolina on Tuesday night, taking home the state’s nine electoral votes. So far Tuesday the former Massachusetts governor has taken other reliably red states including Kentucky and West Virginia. Romney leads in the Electoral College with 24 electoral votes to President Obama’s three.
As expected, the presidential race is tight in Ohio, where the polls just closed: President Obama is winning women 55 percent to 44 percent in the early CBS News exit poll, while Mitt Romney is leading 52 percent to 46 percent among men. Women made up 51 percent of the electorate, compared to 49 percent among women. Thirty-nine percent of voters so far identified themselves as Democrats, compared to 30 percent calling themselves Republican. Thirty-one percent identified as independent or something else, and Romney has a big edge among this group - 56 percent to 40 percent for Mr. Obama.
As expected, Republican candidate for President, Mitt Romney, won West Virginia’s five electoral votes in Tuesday’s General Election over President Barack Obama. National media outlets called the race in West Virginia shortly after polls closed at 7:30 p.m. President Obama’s fate in West Virginia has never been in question, as he garnered just 60 percent of the democratic vote in the May primary. The other 40 percent of that vote went to Texas federal inmate Keith Judd, who was placed on the ballot in West Virginia. President Obama has been hugely unpopular in the Mountain State since he first ran
Early exit polls show Election Day voters are slightly more Republican than in 2008 and broadly concerned about the state of the U.S. economy. Six in 10 voters said the economy is their top issue according to the poll, which was released by The Associated Press and conducted on behalf of a consortium of media companies. Less than a quarter of voters said their families were better off than four years ago — a point seized on by many Republicans as the results leaked out.
President Barack Obama told the Wall Street CEO Council Tuesday that his administration has "reined in spending" and "cut our deficits by more than half." "After years of trillion-dollar deficits we reined in spending, wound down two wars and began to change a tax code that I believe was too skewed towards the wealthiest among us at the expense of the middle class," said Obama. "And since I took office, we have now cut our deficits by more than half. Add it all and businesses like yours have created 7.8 million new jobs over the past 44 months, we´ve gone farther
Negligence? Absolutely. Incompetence? The case can be made. But scandalous? To suggest that the White House has willfully engaged in the intentional misleading of the public and an outrageous dereliction of its responsibilities to enforce the laws passed by Congress has been a bridge too far. Until recently. New revelations are now forcing even the most reluctant of President Barack Obama’s critics to concede that the Affordable Care Act’s implementation has evolved into a scandal. “I was not informed directly that the website would not be working, as the way it was supposed to,” Obama told reporters on November 14.
Barack Obama is the coolest president we’ve had since John F. Kennedy, at least according to conventional standards for such things. Obama has always been a brand as much as a politician, one that has been perceived as sleek, smart, and up to date. Then along came HealthCare.gov. Its failure to launch is a signal event in the long political battle over Obamacare and perhaps an inflection point in the president’s image. It’s hard to maintain a sense of truly being on the cutting edge of change when you can’t build a website. Obama’s cool was, in part, an artifact of world-class
MICHELLE OBAMA: I thought I wanted to be a pediatrician when I was really little and then I wasn´t that great at math and science so I switched to law because my mother told me that I like to argue a lot. But I realized in high school and in college that you don´t have to exactly know, you´re kind of always discovering yourself. So I studied law, I went to law to school, but was pretty clear I just wanted to be a good student. I wanted to know how to read and write and communicate, be able to
In an interview on BET last night with Bow Wow and Keshia Chante, First Lady Michelle Obama talked up her husband, President Barack Obama. "I always say my husband has got swag," said Mrs. Obama. "He’s got a little swag." The audience applauded. Mrs. Obama also said that the president of the United States "sings all the time." She continued, "Oh, yes, he’s in the bathroom all the time just singing." She also praised her husband. "[H]e has got a good voice." Here´s a transcript of that exchange:
A downbeat President Barack Obama repeatedly asked his worried supporters Monday night to help resurrect his spirits, following weeks of political disasters and personal humiliations caused by the cascading collapse of Obamacare. The distracted president railed against opponents and at one point appeared to forget the number of people in the Obamacare system during the rambling quarter-hour address. “My main message is I’m going to need your help, your energy, your faith, your ability to reach out to neighbors, kids and friends [and] co-workers,” he told listeners to the Internet broadcast arranged by his grass-roots group, Organizing for Action. But his worried
WASHINGTON — Michelle Obama says she won’t wear shorts on Air Force One again because the one time she did, it created “a huge stink.”(snip)Mrs. Obama was asked about her biggest fashion regret. She said she’s always happy with her outfits but that, quote, “sometimes I forget I’m the first lady and I’m running around in shorts.” She recalled her family’s first White House vacation, to the Grand Canyon in August 2009. Mrs. Obama said her wearing shorts getting off the plane “created a huge stink because people were like, ‘she’s wearing shorts getting off of Air Force One.’” She said her thought
On Tuesday, President Barack Obama conceded that he will have to "remarket" and "rebrand" Obamacare as public confidence in him and the healthcare law he championed has plummeted. Speaking at the Wall Street Journal CEO Summit, Obama addressed the failures of the Obamacare rollout and said while he was confident that the healthcare model his administration built, which he claimed worked off of the "existing private insurance system," would succeed, the law would have to be rebranded. “We are going to have to obviously remarket and rebrand,” Obama said. “And that will be challenging in this political environment.” When he
President Barack Obama told a gathering of corporate executives Tuesday he´s confident that his model of health care will work in the end, but he said he´s going to have to "re-brand" it to sell it to a skeptical public. He didn´t use the word "Obamacare" once on Tuesday in talking about his health care law, but he mentioned the "Affordable Care Act" seven times. "So, look, I am confident that the model that we built, which works off of the existing private insurance system, is one that will succeed," Obama told the Wall Street Journal´s CEO Council Annual Meeting
Well folks, it looks like Arizona Senator John McCain will "be one of these old guys that should’ve shoved off.” According to the Arizona Republic, McCain is set to attend a glitzy fundraising for his 2016 campaign in New York City. Sen. John McCain has scheduled a December fundraiser in New York City, the surest sign yet that the veteran Arizona Republican is serious about possibly pursuing a sixth term in 2016. According to a copy of the invitation obtained Tuesday by The Arizona Republic, McCain is asking supporters to join him 6 p.m. Dec. 16 at the midtown St. Regis Hotel
New Jersey Gov. Chris Christie (R) says everyone should stop talking so much about the 2016 presidential race, because doing so hurts President Obama, who´s only a year into his second term. "In this sense, I feel badly for President Obama. He just won a year ago, and everybody´s like, ´So, who´s next?´" Christie said Monday night at the Wall Street Journal CEO Council. "There is work to be done in this country. And as we shove him out the door, we minimize his ability to be an effective executive. And we shouldn´t do that." Even as he urged people to focus
The White House has admitted that it was wrong to promise that people would be able to their health care plans under Obamacare. "With respect to the pledge I made that if you like your plan you can keep it, I think -- you know, and I’ve said in interviews -- that there is no doubt that the way I put that forward unequivocally ended up not being accurate. It was not because of my intention not to deliver on that commitment and that promise. We put a grandfather clause into the law but it was insufficient," President Obama said