Turmoil, Infighting & Meanwhile Danger Lurks ...

Many people sit-at-home and think leadership is fine in the Cabinet & White House. Most people are not seeing the news that has already raced across the pages in January regarding the 'knuckle incident' (read below).

Well, leadership seems a little lacking these days especially since many don't quite know what the future will bring. The financial turmoil has few signs of ending and some have decided to bailout or at least hedge their position.

Who should we really support? If the people decided to put someone in by the name of President Obama and he collectively wins, we need to support him all the way. Unfortunately, this is not the case. The damages that will be done midstream to bailout is catastrophic.

Unfortunately, Senator Judd Gregg of New Hampshire has already chosen his decision to bailout and walk their separate ways. Some take it that all is not well in the White House and the difficulties associated with the current crisis.

Only last month, did knuckle cracking occur for Obama who asked to have some quiet during his meeting. Surprisingly, Chief of Staff Rahm Israel Emanuel walks over and cracks his knuckles in Mr. President's ears just to show who is really calling the shots. Once again, the Press got a hold of this and the our United States President appears to having a really hard time.

Link: Article on Knuckle Cracking into President Obama's Ears

Public writeup on Emanuel, Freddie Mac, & the housing markets.

Any thoughts on Senator Gregg and Emanuel's actions? How does the world view President Obama?

Meanwhile a dangerous bubble is being formed. It the US. Treasuries (see yield curve):

With the federal government balance sheet worsening by the day, Treasury fundamentals stand on shaky ground. General macroeconomic conditions stand at odds with bond market action over the last few months. With global asset values crumbling, institutional investors engaging in forced mass liquidations, and foreign governments picking up USD and short-term Treasuries to offset reserve losses, our currency reversed a six year slide and government bond yields dropped to shockingly low levels.

Perhaps, Obama and his team need to be more focused collectively on the problems at hand and not each other.