Steeped in an overarching idea of American guilt, Mr. Obama and his lieutenants offered nothing less than a doctrine, and a policy, of American penance. No one told Mr. Obama that the Islamic world, where American power is engaged and so dangerously exposed, it is considered bad form, nay a great moral lapse, to speak ill of one's own tribe when in the midst, and in the lands, of others.
The crowd may have applauded the cavalier way the new steward of American power referred to his predecessor, but in the privacy of their own language they doubtless wondered about his character and his fidelity. "My brother and I against my cousin, my cousin and I against the stranger," goes one of the Arab world's most honored maxims. The stranger who came into their midst and spoke badly of his own was destined to become an object of suspicion.
Mr. Obama could not make up his mind: He was at one with "the people" and with the rulers who held them in subjugation. The people of Iran who took to the streets this past summer were betrayed by this hapless diplomacy—Mr. Obama was out to "engage" the terrible rulers that millions of Iranians were determined to be rid of.
Monday, November 30, 2009
Friday, November 27, 2009
Australia is leading the revolt against Al Gore’s great big AGW conspiracy – just as the Aussie geologist and AGW sceptic Professor Ian Plimer predicted it would.
ABC news reports that five frontbenchers from Australia’s opposition Liberal party have resigned their portfolios rather than follow their leader Malcolm Turnbull in voting with Kevin Rudd’s Government on a new Emissions Trading Scheme.
The Liberal Party is in turmoil with the resignations of five frontbenchers from their portfolios this afternoon in protest against the emissions trading scheme.
Tony Abbott, Sophie Mirabella, Tony Smith and Senators Nick Minchin and Eric Abetz have all quit their portfolios because they cannot vote for the legislation.
Senate whip Stephen Parry has also relinquished his position.
The ETS is Australia’s version of America’s proposed Cap and Trade and the EU’s various carbon reduction schemes: a way of taxing business on its CO2 output. As Professor Plimer pointed out when I interviewed him in the summer, this threatens to cause enormous economic damage in Australia’s industrial and mining heartlands, not least because both are massively dependent on Australia’s vast reserves of coal. It is correspondingly extremely unpopular with Aussie’s outside the pinko, libtard metropolitan fleshpots.
Though the ETS squeaked narrowly through Australia’s House of Representatives, its Senate is proving more robust – thanks not least to the widespread disgust by the many Senators who have read Professor Plimer’s book Heaven And Earth at the dishonesty and corruption of the AGW industry. If the Senate keeps rejecting the scheme, then the Australian government will be forced to dissolve.
Thursday, November 26, 2009
Monday, November 23, 2009
Upon taking office, Obama said that he wanted to listen to the world, promising respect instead of arrogance. But Obama's currency isn't as strong as he had believed. Everyone wants respect, but hardly anyone is willing to pay for it. Interests, not emotions, dominate the world of realpolitik. The Asia trip revealed the limits of Washington's new foreign policy: Although Obama did not lose face in China and Japan, he did appear to have lost some of his initial stature.
In Tokyo, the new center-left government even pulled out of its participation in a mission which saw the Japanese navy refueling US warships in the Indian Ocean as part of the Afghanistan campaign. In Beijing, Obama failed to achieve any important concessions whatsoever. There will be no binding commitments from China to reduce greenhouse gas emissions. A revaluation of the Chinese currency, which is kept artificially weak, has been postponed. Sanctions against Iran? Not a chance. Nuclear disarmament? Not an issue for the Chinese.
The White House did not even stand up for itself when it came to the question of human rights in China. The president, who had said only a few days earlier that freedom of expression is a universal right, was coerced into attending a joint press conference with Chinese President Hu Jintao, at which questions were forbidden. Former US President George W. Bush had always managed to avoid such press conferences.
Read the whole thing.
Saturday, November 21, 2009
[I]t will endanger U.S. security. Civilian courts with broad rights of cross-examination and discovery give terrorists access to crucial information about intelligence sources and methods.
That's precisely what happened during the civilian New York trial of the 1993 World Trade Center bombers. The prosecution was forced to turn over to the defense a list of 200 unindicted co-conspirators, including the name Osama bin Laden. "Within 10 days, a copy of that list reached bin Laden in Khartoum," wrote former attorney general Michael Mukasey, the presiding judge at that trial, "letting him know that his connection to that case had been discovered."
Finally, there's the moral logic. It's not as if Holder opposes military commissions on principle. On the same day he sent KSM to a civilian trial in New York, Holder announcedhe was sending Abd al-Rahim al-Nashiri, (accused) mastermind of the attack on the USS Cole, to a military tribunal.
There really is no good rationale for proceeding in this fashion with such a trial. And the damage to our intelligence capabilities doesn't even seem to enter the Administration's calculus.
Friday, November 20, 2009
As part of our public-service reports on the workings of your favorite world body, allow us to introduce you to Anne Bayefsky. The Toronto native is an expert on human-rights law and an accredited United Nations observer. She is also a friend of Israel, which makes her persona non grata as far as the folks at Turtle Bay are concerned.
Ms. Bayefsky's sin was a two-minute talk she delivered at the U.N. earlier this month after the General Assembly had issued a resolution endorsing the Goldstone Report, which levels war crimes charges at Israel for defending itself in the face of Hamas's rockets. "The resolution doesn't mention the word Hamas," she said. "This is a resolution that purports to be even-handed; it is anything but."
Ms. Bayefsky's comments were the only note of criticism on a day otherwise marked by much U.N. jubilation. Whereupon she was summarily stripped of her U.N. badge and evicted from the premises. "The Palestinian ambassador is very upset by your statement," Ms. Bayefsky says the U.N. security chief told her. Journalist Matthew Russell Lee tells us that he heard the ambassador asking whether U.N. security had "captured" Ms. Bayefsky.
For the record, the U.N. claims that Ms. Bayefsky violated procedures by bringing a colleague who lacked a proper badge, and that she was not entitled to speak where she did, though representatives of nongovernment organizations have used it in the past. And when we called the Palestinian Mission to get their side of the story, they told us the fracas was the last of their worries. Maybe so.
Yet the U.N. continues to bar Ms. Bayefsky from the premises, despite calls on her behalf by the U.S. mission and Nobel Laureate Elie Wiesel. Best-case scenario, one U.N. insider tells us, is that "they'll put her on probation." We hear the U.N.'s NGO accreditation committee, chaired by Sudan, will likely make the final decision.
Meanwhile, a committee of the General Assembly recently passed a resolution on the so-called defamation of religion. "Everyone has the right to hold opinions without interference, and has the right to freedom of expression, the exercise of which carries with it special duties and responsibilities and may therefore be subject to limitations," it says.
"Without interference" yet "subject to limitations." Orwell should be living now.
Wednesday, November 18, 2009
Sunday, November 15, 2009
[T]he incumbent is hardly the first chief executive to have lived in another Pacific Rim country. William Howard Taft was governor-general of the Philippines. Dwight Eisenhower had military postings in the Philippines and the Panama Canal Zone. Herbert Hoover worked as a mining engineer in Australia and China; he even learned to speak Mandarin. Kennedy, Johnson, Nixon, Ford, and Bush 41 all served in the Pacific during the Second World War. What they did as adults was perhaps more consequential than what Obama did as a child.
Saturday, November 14, 2009
Among President Clinton's first acts upon taking office in 1993 was to disarm U.S. soldiers on military bases. In March 1993, the Army imposed regulations forbidding military personnel from carrying their personal firearms and making it almost impossible for commanders to issue firearms to soldiers in the U.S. for personal protection. For the most part, only military police regularly carry firearms on base, and their presence is stretched thin by high demand for MPs in war zones.Surprise, surprise. Think there is any chance of this policy getting reversed? Nah, me neither.
Meanwhile, in Israel, soldiers carry their weapons while off-duty, have them next to their heads while sleeping and have a fellow soldier hold them while they shower. You can tell which army is ready to respond to an attack anywhere at a moment's notice.
Friday, November 13, 2009
A team led by researchers at Albert Einstein College of Medicine of Yeshiva University has found a clear link between living to 100 and inheriting a hyperactive version of an enzyme that rebuilds telomeres — the tip ends of chromosomes. The findings appear in the latest issue of the Proceedings of the National Academy of Sciences.Via Instapundit.
Thursday, November 12, 2009
In what could prove to be one of the biggest counterterrorism seizures in U.S. history, prosecutors filed a civil complaint in federal court against the Alavi Foundation, seeking the forfeiture of more than $500 million in assets.
The assets include bank accounts; Islamic centers consisting of schools and mosques in New York City, Maryland, California and Houston; more than 100 acres in Virginia; and a 36-story glass office tower in New York.
Confiscating the properties would be a sharp blow against Iran, which has been accused by the U.S. government of bankrolling terrorism and trying to build a nuclear bomb.
Apparently this has been a long time coming. Anything that denies income to the Iranian government is a good move in my view.
Taking his cue from David Hume and David Ricardo, Mises explained how the banking system was endowed with the singular ability to expand credit and with it the money supply, and how this was magnified by government intervention. Left alone, interest rates would adjust such that only the amount of credit would be used as is voluntarily supplied and demanded. But when credit is force-fed beyond that (call it a credit gavage), grotesque things start to happen.
Government-imposed expansion of bank credit distorts our "time preferences," or our desire for saving versus consumption. Government-imposed interest rates artificially below rates demanded by savers leads to increased borrowing and capital investment beyond what savers will provide. This causes temporarily higher employment, wages and consumption.
Ordinarily, any random spikes in credit would be quickly absorbed by the system—the pricing errors corrected, the half-baked investments liquidated, like a supple tree yielding to the wind and then returning. But when the government holds rates artificially low in order to feed ever higher capital investment in otherwise unsound, unsustainable businesses, it creates the conditions for a crash. Everyone looks smart for a while, but eventually the whole monstrosity collapses under its own weight through a credit contraction or, worse, a banking collapse.
The system is dramatically susceptible to errors, both on the policy side and on the entrepreneurial side. Government expansion of credit takes a system otherwise capable of adjustment and resilience and transforms it into one with tremendous cyclical volatility.
Read the whole thing.
Wednesday, November 11, 2009
Tuesday, November 10, 2009
Monday, November 09, 2009
On Thursday afternoon, a radicalized Muslim US Army officer shouting "Allahu Akbar!" committed the worst act of terror on American soil since 9/11. And no one wants to call it an act of terror or associate it with Islam.
What cowards we are. Political correctness killed those patriotic Americans at Ft. Hood as surely as the Islamist gunman did. And the media treat it like a case of non-denominational shoplifting.
This was a terrorist act. When an extremist plans and executes a murderous plot against our unarmed soldiers to protest our efforts to counter Islamist fanatics, it’s an act of terror. Period.
When the terrorist posts anti-American hate-speech on the Web; apparently praises suicide bombers and uses his own name; loudly criticizes US policies; argues (as a psychiatrist, no less) with his military patients over the worth of their sacrifices; refuses, in the name of Islam, to be photographed with female colleagues; lists his nationality as "Palestinian" in a Muslim spouse-matching program, and parades around central Texas in a fundamentalist playsuit — well, it only seems fair to call this terrorist an "Islamist terrorist."
Friday, November 06, 2009
Now I’m not in the Goldman is the center of all evil camp. But I know a lot of really smart people who believe that Goldman’s bankers and traders virtually control the federal government in order to advance their own notorious agenda.In fact, as I show in The Sellout, there were far worse players whose risk taking led to last year’s meltdown, starting with Merrill Lynch and Citigroup (C). They were equally powerful from a policy making standpoint.
Remember, after Robert Rubin fought to end Glass-Steagall’s separation of investment and commercial banking, he didn’t go back to his old firm, Goldman Sachs, he went to work for the firm that benefited the most from the law’s demise, Citigroup.
But Goldman in many ways crystallizes all that is wrong with the financial bailout, started by the Bush Administration, but carried on and expanded by Obama’s. Goldman has been declared a bank, not much different than the old Bailey Building and Loan, and yet they don’t take deposits or offer checking accounts. So what do they do? They trade, and they are trading as a federally protected bank, meaning they get to borrow at cheaper rates and they are Too Big To Fail.
How anyone considering themselves to be a capitalist can support this arrangement is beyond me.
Read the whole thing.
Thursday, November 05, 2009
[T]he bills would establish a “tax on individuals without acceptable health care coverage” and an “individual responsibility excise tax,” respectively. “If you put something in the Internal Revenue Code and you tell the IRS to collect it,” a tax expert told the Associated Press in September, “I think that’s a tax.”The president disagrees. “For us to say that you’ve got to take a responsibility to get health insurance is absolutely not a tax increase,” he insisted during a squirm-inducing September 20exchange with ABC’s George Stephanopoulos. “You can’t just make up that language and decide that that’s called a tax increase.” Stephanopoulos responded by literally getting out the dictionary to demonstrate that “a charge…imposed by authority on persons or property for public purposes” is commonly considered a tax.
You know you are in the wrong when Stephanopoulos is calling you a liar on national television.