Friday, June 15, 2012

Watchers Council "Beware of Greeks Bearing Votes" Edition

The Greeks give it one more try at the ballot box on Sunday but will the results ultimately matter anyway?

The Greeks pick up where they left off in early May on Sunday as they vote for one of two options: To be in the EU or not to be in the EU!

If they vote in the direction of staying in the EU and accepting the strict austerity measures such a move would entail, the global markets will likely rally wildly in relief Monday. At the same time  Greeks will likely riot in the streets as they see their already damaged standard of living about to be hit even harder.

While this, according to the experts, would be the lesser of two evils, it is certainly no panacea for what ails Greece or the EU.

If on-the -other-hand the Greeks vote in the direction of the socialist candidate who believes that austerity plans should be renegotiated to far less stringent terms in favor of economic growth, the markets may or may not rally Monday due to the apparent promise of a coordinated infusion of liquidity into the markets by the global central banks.

This election result opens up a Pandora's Box of unknowns as what it is a Greece withdrawal from the EU would look like is really anybody's guess.

Again, in the long-run, will either outcome save the EU?

The dirty little secret is that neither outcome will provide anything close to a lasting solution to the economic angst in Greece or the other unstable EU economies such as Spain, Italy, Ireland and Portugal.

Neither outcome will likely bring titular EU leader Germany and the other stronger economies any closer to a true political and economic solution either.

So to use an overused phrase it is just a big bunch of can kicking by those in power whose real job is to make the tough and potentially unpopular decisions...only they don't! This type of politics by poll sounds eerily familiar to the U.S.!

Looking into potential reaction a little bit further, any additional rally in the U.S. stock markets such as the one that occurred yesterday is a bit of an enigma, at least to me, as it is based primarily, if not solely, on additional liquidity being added to the system to avert financial panic.

Along with this U.S. prognosticators are hanging their hats on the potential for more QE to be announced by the Fed as an even further catalyst for the economy and for the stock market. This when U.S. interest rates are already zero and the banks, already flush with cash, aren't lending.

Certainly nobody knows what will happen on Sunday and into Monday, but for better or for worse it will be critical for the entire world going forward!

Now on to the Watchers Council voting results!

The Watchers Council nominations for the week of June 11th were presented, the votes were cast and counted, and the winner will now been announced!

For those who may be enjoying their first Watchers Council experience, it is a group that consists of some of the top conservative bloggers from around the world.

A group that The Political Commentator is extremely proud to have been asked to be part of!

Each week members select and submit an article of their own creation in addition to one article from a non-council blog they find to be particularly topical and important.

While you may not always agree with what you read, that alone may make the experience that much more valuable!

Once the submissions have been received at an undisclosed location in secret ballot form, the Watchers Council members then individually vote for their favorites.

Those votes are protected and held by outside auditing firm Arthur Andersen until such time as they are counted and a winner named for the Grand Prize.

This Grand Prize consists of the appreciation of ones peers.

In the end though, we all win because of the range of information and important analysis received on the critical issues of the day.
In a nutshell, the Watchers Council is the ultimate conservative blog aggregator!

So without further ado the winner(s) of the Watcher's Council for the week of June 11th is (are)...?

Council Winners

*First place with 4 votes! Joshuapundit – Syria-ousity

Third place with 1 1/3 votes – The Colossus of Rhodey- Dopey News Journal Letter of the Week

Fourth place *t* with 1 vote – The Right Planet- Pigs, Schmucks and Marx: The Dictatorship of the Professorial

Fifth place *t* with 2/3 vote – The Noisy Room- Murder By Proxy

Fifth place *t* with 2/3 vote – The Razor –Attack on Fracking Betrays Shaky Understanding of Economics

Sixth place *t* with 1/3 vote – GrEaT sAtAn”S gIrLfRiEnD –Risk and Rivalry

Sixth place *t* with 1/3 vote – The Independent Sentinel – DNC Prop – Cindy Sheehan – Where Did She Go?

Non-Council Winners

First place with 3 votes! –Sultan Knish - What Bill Clinton knows submitted by The Political Commentator

Second place with 2 1/3 votes – Caroline Glick –Defeating the Jewish Alinskyites submitted byThe Noisy Room

Third place *t* with 1 1/3 votes – Victor Davis Hanson –‘Austerity’ vs. ‘Growth’ submitted byThe Watcher

Third place *t* with 1 1/3 votes -Ace of Spades HQ How The Left Abandoned Traditional 

Fourth place *t* with 1 vote Commentary Contentions -Watergate and the White House Leaks submitted by Gay Patriot

Fourth place *t* with 1 vote - Sean Trende/Real Clear Politics –What Obama Should Have Done in 2009 submitted by The Glittering Eye

Fourth place *t* with 1 vote - Daniel Pipes –Stay Out Of The Syrian Morass submitted by The Watcher

Fifth place *t* with 2/3 vote -Accuracy In Media –(Video)Obama and Israel: The Undermining of an Historic Relationship submitted by Joshuapundit

Fifth place *t* with 2/3 vote -The Sad Red Earth –The Peace And Justice Charade submitted by Simply Jews

Fifth place *t* with 2/3 vote -Pressure Points –The Syria Charade Turns Ghastly submitted byGrEaT sAtAn”S gIrLfRiEnD

Fifth place *t* with 2/3 vote -Big Lizards –How’s the Economy? Minder Your Own Business!submitted by Rhymes With Right

Sixth place with 1/3 vote -The First Street Journal –Voluntarily paying higher taxes?submitted by The Colossus of Rhodey

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