Moody's outlook and O'bama's plan

According to The Wall Street Journal Moody’s Analytics said its near-term outlook for the U.S. economy has fallen significantly in the past month wake of the debate over the U.S. debt ceiling and the downgrade of the nation’s credit ratings by Standard & Poor’s .

President Barack Obama has promised a "very specific" plan next month to improve the flagging US economy. He was in Iowa on day one of a rural Midwest bus tour. By the way, those two armored and tricked out buses cost us 2 million dollars. Anyway he said he would put forward the blueprint when Congress returned in September.

Meanwhile Europe continues to slide toward a fiscal meltdown. This is from Bloomberg:

Swiss Ponder Battle Over Runaway Franc

Switzerland, the nation that hasn’t gone to war with a foreign power since Napoleon, is reluctantly debating a generational taboo: ceding monetary independence to win a battle over its runaway currency. Swiss National Bank Vice President Thomas Jordan said the central bank is assessing “a whole range of options” to prevent the franc, which reached a record against the euro this month, from making Swiss goods prohibitively expensive.

EUROPE ‘ON COURSE TO BECOME ONE COUNTRY’

DAVID Cameron was under mounting pressure last night to hold a referendum on EU membership amid claims that the Coalition is paving the way for full eurozone financial integration.

http://www.express.co.uk/posts/view/265048/Europe-on-course-to-become-one-country-

Merkel, Sarkozy take on debt crisis amid slowdown

A slowdown in European economic growth is overshadowing a meeting Tuesday between the leaders of Germany and France aimed at getting the eurozone's 17 countries to work closer together to dig Europe out of its debt crisis.

http://news.yahoo.com/merkel-sarkozy-debt-crisis-amid-slowdown-095419635.html

Eurozone bank buys record €22bn in bonds to contain euro crisis

The European Central Bank last week spent a record €22bn buying euro-zone government bonds in a bid to prevent the eurozone debt crisis spreading, a move that is likely to fuel debate on the creation of eurobonds. The buying spree represented the most the central bank has spent since it first began bond-buying in May last year in response to the Greek debt crisis.

http://euobserver.com/19/113325

Perils abound, but answers are elusive. I think "very specific" plan next month are too late and too little.

In the words of my grandpaw:

Never kick a fresh cow patty on a hot day.

//rb

Administration Urges Congress to Funding the Palestinian Government

In the wake of threatening to shut down social security because of a lack of money, and walking of budget talking, Mr O'bama apparent thinks we have got money to help a terrorist group. Kinda makes you question his priorities, doesn't it?

(CNSNews.com) – Facing strong bipartisan support in Congress for defunding a Palestinian government that includes the terrorist group Hamas, the Obama administration on Tuesday stressed the importance of continuing the funding, arguing that the Fatah-Hamas power-sharing deal has changed nothing on the ground.

Meanwhile,

Moody's Investors Service yesterday (July 13) threatened to downgrade America's credit rating, rattling the White House and lawmakers. Moody's on Tuesday (11 July) downgraded Ireland's debt to junk status, amid growing market concerns about the stability of the eurozone as the debt crisis reaches Italy and Spain. Moody's made the same move last week when it downgraded Portugal's rating by three notches to Ba2 status. Greece's rating is considerably lower - Caa1 which stands for "substantial risk", just three steps before what a rating agency considers "default" and with no perspective for investors to recover their money.

According to the EUOBSERVER

Just a question - with all this talk about Congress raising the debt ceiling it made me wonder. Could I go to my credit card company and say that I need to have my credit limit raised because if I don't then my household will shut down and I won't be able to feed my dog? Do you think that would work?

Ezekiel 37 and End-Times Bible Prophecy: Fulfillment Before Our Very Eyes

Israel is the one-word demonstration of the veracity of Scripture because God has chosen the Jewish nation to be at the center of God's kingdom plan. In addition, the miracle of Israel demonstrates the trustworthiness of Scripture. After all, the Bible predicted Jews would be scattered from the land—which occurred in 70 A.D.—and then would be brought back to form a nation.
Never before in the history of human-kind had a nation been dissolved and then, after many years (in Israel's case, almost 1,900) resurrected—until it happened with Israel. Never before had a language been lost to the world and then resurrected—until it occurred with Hebrew, the language of the Jews of Israel.
Israel truly is a miracle and is one of the very greatest proofs that the Bible is true. But because Israel is at the very center of God's prophetic plan, recent occurrences in Israel may also be strong indicators that we are nearing the return of Christ. Specifically, two occurrences indicate this: 1) the migration of Jews into the land of Israel; and 2) Israel's recent possession of Jerusalem. We begin with the migration of Jews into the land.
http://blogs.christianpost.com/endtimes/2011/06/ezekiel-37-and-end-times-bible-prophecy-fulfillment-before-our-very-eyes-28/