October 2008 Archives
Friday, October 31, 2008
Great fun (via Malkin):
Three Reporters From McCain-Endorsing Newspapers Removed From Obama's Plane
Journalists from three major newspapers that endorsed John McCain -- the Washington Times, the New York Post and the Dallas Morning News -- have been booted from Barack Obama's campaign plane for the final leg of the presidential race.
The Washington Times reported Friday that it was notified of the Obama campaign's decision Thursday evening -- even though the paper has covered Obama from the start.
Executive Editor John Solomon told FOXNews.com that the Obama campaign said it didn't have enough seats on the plane, but "I don't think the explanation makes sense to us."
"We've been traveling since 2007 with him. ... We're a relevant newspaper -- every day we break news," Solomon said. "And to suddenly be kicked off the plane for people who haven't covered it as aggressively or thoroughly as we are ... it sort of feels unfair."...
Hard nosed politics and revenge for the wrong positions. The new politics? No, just a taste of what the future holds. You think an Obama victory is going to bring the country together? Just wait till you meet the new Fairness Doctrine. It's just the sort of access journalism that plagues coverage of despotic nations coming home to roost. There's always been a measure of this here, of course, but just wait. More on this type of thing later...
Wrong according to this guy: Heh Barney Fife!
Barney Frank (D, if you didn't know) opined:
"WASHINGTON (Reuters) - Companies receiving public money under a U.S. government financial rescue program must use it for lending or they will be violating the law, the chairman of the U.S. House of Representatives Financial Services Committee said on Friday."I am deeply disappointed that a number of financial institutions are distorting the legislation that Congress passed at the president's request to respond to the credit crisis by making funds available for increased lending," Rep. Barney Frank said in a statement.
"Any use of the these funds for any purpose other than lending -- for bonuses, for severance pay, for dividends, for acquisitions of other institutions, etc. -- is a violation of the terms of the Act," he added."
Liar.
The EESA says nothing about the uses to which the funds may (or may not) be put. If you claim that such a restriction exists, show me the language where it is stated in the legislation that the funds provided must be used for lending.
You can't, because such language does not exist...
CNN: Marine motorcycle deaths top their Iraq combat fatalities
Motorcycle accidents have killed more Marines in the past 12 months than enemy fire in Iraq, a rate that's so alarming it has prompted top brass to call a meeting to address the issue, officials say.
Twenty-five Marines have died in motorcycle crashes since last November -- all but one of them involving sport bikes that can reach speeds of well over 100 mph, according to Marine officials. In that same period, 20 Marines have been killed in action in Iraq.
The 25 deaths are the highest motorcycle death toll ever for the Marine Corps...
Good news: OCTOBER SURPRISE: ALIEN ENDORSES MCCAIN!
WASHINGTON, DC - In a shocking reversal, the Alien has switched his endorsement from Barack Obama to John McCain.
With major implications for the U.S. presidential election, political kingmaker the Alien has changed his endorsement amid furor. Both political camps are buzzing about the implications, as the Alien has correctly predicted the winning president in every election for the past 28 years.
Ongoing investigation points to Cindy McCain as being the cause for this historic shift in allegiances.
Uncovered photos suggest that in a last ditch effort to help her husband's failing campaign, Cindy McCain seduced and then blackmailed the Alien for his endorsement.
At a recent McCain rally, inside sources say Cindy McCain disappeared with the Alien after sharing several champagnes with the notorious intergalactic lightweight...
Though the accompanying photo of the Alien in the hot tub with Cindy McCain does show signs of Photoshopping, I believe it may also be fake but accurate.
Thursday, October 30, 2008
Martin Kramer, whose been writing about Rashid Khalidi for years, has two important posts up.
Was Khalidi a spokesperson for the PLO? By any rational definition, it appears the answer is yes: Khalidi of the PLO:
...It is worth explaining what it meant to be "deeply involved in politics in Beirut" during the civil war in Lebanon. It was not at all like community organizing in Chicago. The Lebanese state had ceased to function; the political actors were all armed militias, Lebanese and Palestinian. Every individual needed to be affiliated with such an organization, if not for bread then at least for protection. Khalidi was known to be affiliated with, and protected by, Arafat's Fatah. A 1979 New York Times report (by Youssef Ibrahim) described Khalidi as "a professor of political science who is close to Al Fatah." In Beirut, to be "close" to an organization meant you enjoyed its protection in return for loyalty and services rendered. Khalidi's wife also worked as an English translator for the PLO's press agency, Wafa. So savvy journalists knew that if they wanted the Fatah spin, they could get it from Khalidi...
And this, on how Obama and Khalidi may relate to each other: Khalidi and Obama: kindred spirits
...it seem far-fetched that the sense of "kindred spirit" felt by Khalidi toward Obama was mutual. One particularly striking parallel deserves mention. Obama, it will be recalled, was born to a nominally Muslim father (a Kenyan bureaucat) and an American Christian mother, which has created some confusion as to the religious tradition in which he was raised. Khalidi's father, a nominally Muslim Palestinian (and a bureaucrat who worked for the United Nations) married his mother, a Lebanese Christian, in a Unitarian Church in Brooklyn, where Khalidi would later attend Sunday school. For such people caught between traditions, Third Worldist sympathies often serve as ecumenical substitutes for religion. (Obama himself allows that as an undergraduate, "in the dorms, we discussed neocolonialism, Franz Fanon, Eurocentrism and patriarchy." One wonders how Israel fared in those conversations.)
Were we to see the videotape, it might give us some sense of how far down the road Obama went in that direction -- and not all that long ago...
Finally, the GOP has a fact sheet available: OBAMA/KHALIDI RELATIONSHIP RUNDOWN - Despite Obama Campaign Denials, Long-Standing Relationship Exists [PDF]
Via Best of the Web, a great letter at the Chicago Tribune:
On my way to lunch recently, I passed a homeless guy with a sign that read "Vote Obama; I need the money." I laughed. In a restaurant my server had on an "Obama 08" tie. Again I laughed. Just imagine the coincidence. When the bill came, I decided not to tip the server and explained to him that I was exploring the Barack-Obama-redistribution-of-wealth concept. He stood there in disbelief while I told him that I was going to redistribute his tip to someone who I deemed more in need--the homeless guy outside. The server angrily stormed from my sight. I went outside, gave the homeless guy $10 and told him to thank the server inside as I've decided he could use the money more. The homeless guy was grateful. At the end of my rather unscientific redistribution experiment, I realized the homeless guy was grateful for the money he did not earn, but the waiter was pretty angry that I gave away the money he did earn even though the actual recipient deserved money more. I guess redistribution of wealth is an easier thing to swallow in concept than in practical application.
--A. Hart, Forest Park
No, I'm not talking about Paul Krugman. The Gaza terror tools are back. Israel didn't stop them, and look what crawled out of the bilge pump when the boat made landfall:
Like the map on the plate? This pic via Dave who has much more, including a reminder of the nature of the group Maguire [name is Mairead Corrigan-Maguire -- sic in the above caption] is grinning like a painted pig with: Bedfellows. And also at Dave's site, Elder of Ziyon points out that the 'Free Gaza' boobs are so far in the red on these trips that they've taken to charging a grand a piece for the chance of a primo terror-tourism trip and the opportunity to glad-hand with real terrorists with blood on their hands.
It does look like they've sprung for a nice yacht to take this ride on (real fiberglass!), as opposed to the garbage scows they rode in on previously. Say, are those AK-47s on the "peace boat"?
Back in July and August we had a few posts on the death and despicable glorification of "Coastal Road" terrorist, Dalal Al-Mughrabi. Apparently her sister found her way here (I have no way of verifying, but the IP does trace back to Tunisia) and has left a comment on the thread including the MEMRI video in which she (Rashida) appears (video of Al-Jazeera's glorification of her dead terrorist sister). Lest you miss it, here is the comment in full:
Hello, that's me Rashida Moghrabi, and I would like to say that beside the honorable fact that am the sister of heroine Dalal Moghrabi, am also a strong believer in fighting to free Palestine and in wiping out the zionist state. I did mean what I said in the interview, I salute the soul of every Palestinian martyr who died fighting the occupation no matter how.
Do not expect us to accept occupation and the suffering and injustice, which my people are enduring. A generation after generation we will continue the struggle and be sure Palestine will be free. If the Israelis claim Palestine was their land three thousand years ago, well it is our 'Land of the Canaanite' long before and it will remain ours long after. And if the jews were clever enough they would have chosen America or England instead of Palestine to claim. It will be just wise if they go out of our homeland Palestine the easy way. Oh yes, May I get my wished-for martyrdom soon...but make sure I sincerely wish too that I'll take as many of my oppressors with me.
How many times do people have to tell us about their goals and motivations before we start to take them seriously?
Omri has pics and video of today's well-attended protest at the LA Times over their continued refusal to release either the video or even a transcript of the Obama/Khalidi tape they are holding.
He promises more material later.
In response to Ron Coleman's post "Personal Savior", where Ron asks if a President Obama would help bridge the right - left divide:
Obama and the Democrats have no intention of bridging the ideological right-left divide. They have made it clear that their goal is to win, win, win. McCain would bridge it if he could, but elections are confrontational, zero-sum kind of things. In each political confrontation, only one team can win. Expecting the red team and the blue team to join hands, work together and sing kumbaya before (and immediately after) the big game is kind of unrealistic.
This is one reason why politics can't provide a solution to all of our problems. In contrast to politics, trade and technology are not zero-sum games. They rely on a combination of cooperation and competition. As a result, business and technology tend to provide real and lasting benefits to the population at large.
Who has done more to solve the problems of the world's poor - Adam Smith, Karl Marx or Norman Borlaug?
Politicians are bureaucrats. Their job is to maintain the infrastructure - maintain the roads, pick up the garbage, pay the bills. If we listen to the debates, we can see that McCain and Obama are both reasonably competent bureaucrats. When the press isn't looking, and when the extreme fans of both teams are busy stirring up trouble somewhere else, they are both capable of temporarily bridging the right-left divide to get some work done. That's all we should expect of them.
Americans have, historically, been pragmatic, self-reliant people who tend to avoid real visionaries like the plague. This is good, because true visionaries usually cause more problems than they solve. Historically, Americans have tended to avoid relying on the state, or messianic politicians, to solve our problems.
Since Europeans rely on the state to solve their problems, Europe embraces visionaries and extremists. The Left in Europe is more left than we have ever been, and the right is more extreme too. In America, lipstick-wearing white supremacists tend to be relegated to the sidelines, or to jail. In Europe, they become heads of state.
Old fashioned pragmatist/entrepreneurs like T. Boone Pickens avoid joining either team, but in the last decade, most of us have have declared our political alliances. This loss of individuality and independence isn't confined to individuals; comedy shows, college classes, talk shows, actors, rock bands - all feel the need to declare which political team they belong to. In the nineties, people rarely talked about politics. I didn't know what party most of my friends belonged to. I didn't care. Back in the '90's, the only dividing lines were MACs vs. Windows. Now I know where everyone stands politically. This is not a good trend.
The more we rely on our red and blue saviors, the more team spirit we have, the more European we become.
Wednesday, October 29, 2008
Newsbusters remarks:
Imagine if a speechwriter for John McCain had switched sides and announced she was going to vote for Barack Obama. Would she not be featured bigtime in the mainstream media complete with new thrills running up Chris Matthews leg? Well, this did happen except that it was an Obama speechwriter, Wendy Button, who became disillusioned with The One and switched to supporting McCain...
Here's the piece: So Long, Democrats
Since I started writing speeches more than ten years ago, I have always believed in the Democratic Party. Not anymore. Not after the election of 2008. This transformation has been swift and complete and since I'm a woman writing in the election of 2008, "very emotional."...
...The final straw came the other week when Samuel Joseph Wurzelbacher (a.k.a Joe the Plumber) asked a question about higher taxes for small businesses. Instead of celebrating his aspirations, they were mocked. He wasn't "a real plumber," and "They're fighting for Joe the Hedge-Fund manager," and the patronizing, "I've got nothing but love for Joe the Plumber."
Having worked in politics, I know that absolutely none of this is on the level. This back and forth is posturing, a charade, and a political game. These lines are what I refer to as "hooker lines" -- a sure thing to get applause and the press to scribble as if they're reporting meaningful news.
As the nation slouches toward disaster, the level of political discourse is unworthy of this moment in history. We have Republicans raising Ayers and Democrats fostering ageism with "erratic" and jokes about Depends. Sexism. Racism. Ageism and maybe some Socialism have all made their ugly cameos in election 2008. It's not inspiring. Perhaps this is why I found the initial mocking of Joe so offensive and I realized an old line applied: "I didn't leave the Democratic Party; the Democratic Party left me."...
The whole thing. She's not particularly happy with the entire tone of the process.
A little longer as we come into the final stretch:
OK, not the Times' head exactly, but the CIO of something called Dune Capital is offering a $150,000 reward for a digital copy of the video being held captive by the LA Times of a dinner in honor of Rashid Khalidi, former Arafat spokesperson, founder of the Arab American Action Network and radical anti-Israel professor (who knew, way back when we first started talking about Rashid Khalidi, that he'd be at the center of such a national whirlwind?):
There is a report that during his toast to Khalidi, Obama said:
...He congratulates Khalidi for his work saying "Israel has no God-given right to occupy Palestine" plus there's been "genocide against the Palestinian people by Israelis."...
Imagine the explosion if that's true? The degree to which Obama has had his radical connections covered up has been astounding, but having him on video actually saying such a thing...? Forget the LA Times, there would be money-bags in the Jewish Community who'd be crying for the sake of their collective necks if this comes out (oh please, let it be true). I'd expect some serious backlash against the likes of Alan Solomont, the NJDC and J-Street (all one and the same) for all the excuse-making and dissembling and cover they've been doing. As if many of us don't already know we're being betrayed, this would be the capper.
Here's the reported guest-list:
There's an excellent piece (via LGF) here: The Khalidi Tape: Putting the Bits and Pieces Together with New Details that contains the guest list:
Verified Information
Location:
Burbank Manor, 6312 W 79th St., Burbank, Illinois
Time:
Friday, August 1, 2003
6pm - Reception
7pm - Dinner and Reception
Those who attended:
1. AAAN (Arab American Action Network)
2. Not In My Name
3. Ali Abunimah (a Palestinian rights activist in Chicago who helps run Electronic Intifada, who met Obama in 2000)
4. Bernadine Dorhn and Bill Ayers
5. Barack Obama
6. Mayor of Chicago Richard Daley
7. Rashid Khalidi
8. Mona Khalidi
9. Gihad Ali, a Palestinian spoken word poet
10. NPR Worldview host Jerome McDonnell (not McDonald as written in the e-mail)
11. Camilia Odeh (director of SWYC Southwest Youth Collaborative)
12. Sanabel debka troupe (traditional Palestinian dance group)
13. Hatem Abudayyeh
14. Others - Up to 50 to 500 guests
Volunteer Solomonia operatives have attempted to contact a couple of those on the list. No surprise that they aren't available.
Here's video background on the former PLO terrorist employee (from the site above):
Discover the Networks has a profile of Khalidi's AAAN here. Here's an interview with AAAN executive director Hatem Abudayyeh that includes a number of choice quotes, such as:
...The Israeli government and its military killing machine has again attacked Lebanon as they did in 1982, one of the most brutal invasions in the long history of their aggression against the Palestinians and Arabs...But the Lebanese resistance is bravely fighting back, defending its nation and its people from this massive aggression...
Yeah, that's Hizballah he's talking about. Get the gist?
Barack needs to stop lying about his past and people need to stop covering for him. If he and his allies want to make excuses for all this and try to explain it away, so be it, but let's have the argument on that basis. It's bad enough we have some of the most overt voter fraud in the offing any of us has seen in his or her lifetimes, those of us who are actually legitimate, living voters have a right to have ALL of the facts on the table before we walk into the voting booth.
Update: And here's another disturbing connection: Hatem El-Hady (Elhady). Another Disturbing Unreported Barack Obama Association: a Terrorist Fundraiser
Abe Greenwald - Losing The Caucasus
On November 2, Azerbaijani President Ilham Aliyev and Armenian President Serzh Sarkisian will meet in Moscow , where Russian President Dmitry Medvedev will play peacemaker and try to find a way to end the on-going conflict. This meeting should have happened in Washington , with George W. Bush presiding.
I was in Azerbaijan in August, just days after Russia invaded neighboring Georgia, and it is impossible for me to overstate the earnestness of pro-Western sentiment in the country. (I've written about it here, here, and here, and Michael Totten has a piece about the same trip here.) To a man, Azeris practically begged for American help in resolving the Armenian occupation of Azerbaijan's Nagorny Karabakh region. Sadly, following the Palestinian model of victimhood, there was a lot of talk about the all-powerful Armenian lobby and its supposed influence in DC. There was no other way for Azeris to understand why America didn't do more to help a post-Soviet moderate Muslim territory with decidedly democratic aspirations...
We can't have four-year election seasons and serve as guardians of the free world. How about we shorten the bataan death march to the white house by a few years or so...?
Great ad posted at Hot Air:
Ed Morrissey:
...The ad hits Murtha for his repeated smears of the Marines in Haditha. Rather than wait for an investigation and a court-martial to determine what happened, Murtha pronounced the accused Marines of war crimes, as the clip shows. Why? He opposed the war and tried to exploit the Haditha tragedy for political purposes. That's about as craven as it gets, and the collapse of the charges against the Marines involved demonstrate Murtha's culpability...
I just realized I had forgotten to mention a couple of the books I'd received recently (one of the minor perks of running a blog -- I happily receive any "stuff" people would like to send...if any holiday resorts are looking for a mention I'm certain we could work something out...).
From Devorah Publishing: Timeout: Sports Stories as a Game Plan for Spiritual Success by Dov Moshe Lipman. From the product description:
"Time-Out" appeals to the sports fanatic who wonders what "Torah" can offer him, the "Torah" scholar who questions whether sports can teach positive lessons, and everyone in-between. Whether it's learning about consistency from Cal Ripken, Jr, developing a work ethic from Michael Jordan, or striving to reach beyond your potential from the U.S. Olympic Hockey Team, each chapter keeps you at the edge of your seat cheering for the "Torah" concept with no less enthusiasm than for the against-all-odds touchdown. Every entry is a winner and each one conveys a priceless lesson in an unforgettable metaphor.
From Feldheim Publishers: Lone Star: Based on a True Story by Devorah Rosen. Description:
It's a sweeping novel with an alluring mixture of historical fiction, present-day realities, and deep, intricate suspense. A Mossad operative makes his way to Iraq, and his life--and his country, Israel--will never be quite the same again. The prestigious Lavian family in Iran lives in daily terror from the radical regime, but the tension spills over when they must undergo a traumatic change that throw them into a vast abyss of fear and uncertainty. And in a prison cell in Israel, a terrorist faces a terrible fate with a chilling twist that has long-reaching ramifications for himself and for his enemies. The multi-faceted plot, well-drawn characters, and richness of this spell-binding novel make it a superior read to savor.
Tuesday, October 28, 2008
The FBI gallery. How embarrassing.
Boston Globe: Embattled state senator faces corruption charges
State Senator Dianne Wilkerson, a one-time rising star in state politics who has been plagued with legal troubles during her 15-year legislative career, appeared today in federal court to face charges that she allegedly accepted eight bribes worth $23,500.
The Democratic lawmaker, arrested this morning after an 18-month undercover investigation by Boston Police and the FBI, allegedly accepted cash payoffs that ranged from $500 to $10,000 to help a nightclub secure a liquor license and to assist a private developer who wanted to build on state land.
Wilkerson allegedly tried to influence legislation in the state Senate as recently as last week to help the developer in the Crosstown section of Roxbury, near the intersection of Melnea Cass Boulevard and Massachusetts Avenue.
Wilkerson made an initial appearance this afternoon before US Magistrate Judge Timothy S. Hillman. Prosecutors did not ask for bail; she was released on $50,000 unsecured bond. But prosecutors did ask that Hillman order her not to destroy any documents that may relate to the case.
"There is substantial concern on the part of the government that records will be -- quote -- 'lost,'" said Assistant US Attorney John S. McNeil said, noting her past federal and state legal troubles. "She has a long history of acting as if she was above the law."...
...Wilkerson faces up to 40 years in prison if convicted on the charges of attempted extortion and theft of honest services, with more potential charges pending.
Wilkerson has represented Roxbury since first winning election in 1992, but lost the Democratic primary to Sonia Chang-Diaz last month. Wilkerson has been mounting a write-in campaign to retain her seat.
In her early years at the State House, Wilkerson, a lawyer who is the first black woman elected to the state Senate, was seen as a rising star who might even have a shot at Congress. But she has gotten entangled in a series of legal scrapes.
She is currently facing the loss of her license to practice law. The Board of Bar Overseers has alleged that she lied under oath at a 2005 Suffolk Superior Court hearing in a murder case, an allegation she has denied...
The Globe has a page of info here. Here's a search at the Herald.
The FBI has pictures of her literally with cash in her hand and...uh...stuffing it in her bra (see above). I guess it's good to be a State Senator, especially a corrupt one. Don't tell me the dirt hasn't rubbed off all around her. She's had friends covering for her for years.
See: Universal Hub: How Dianne Wilkerson blackmailed the Boston City Council
Bye bye.
In case you haven't seen it yet:
Related: Ghost of a Flea: To clarify a point of definition
Michael Totten proposes an interesting referendum - a non-aggression pact between Israel and Lebanon
Of course, the Lebanese government wouldn't be strong enough to enforce it. Lebanon is tiny, weak, and under the gun from Syria, Iran, and their joint Hezbollah proxy. Too many Lebanese willingly submit to Syrian and Iranian vassalage, and they have by far the most well-armed private army in the country. Not even a non-aggression pact, let alone a peace treaty, is workable now.
Someday, though, all this will change...
What the group who Sabeel's Naim Ateek calls a "liberation" movement has in mind:
Following are excerpts from an interview with Palestinian cleric Muhsen Abu 'Ita, which aired on Al-Aqsa TV on July 13, 2008
Muhsen Abu 'Ita: "Naturally, the Koran chapters conveyed to Muhammad in Mecca only rarely deal with the Jews - like in 'those who incur Allah's wrath,' which appears in the Al-Fatiha chapter.
"Hence, it is strange to find an entire chapter bearing the name of the Jews, or Bani Israil. It is even more peculiar that this chapter does not talk about the Jews of the Qaynuqa, Nazir, or Qurayza tribes.
"It talks about the Jews of our times, of this century, using the language of annihilation, the language of grave digging. Note that in this chapter, the Jews were sentenced to annihilation, before even a single Jew existed on the face of the earth. This Koranic chapter talked about the collapse of the so-called state of Israel, before this state was even established. From here stems the importance and oddity of this chapter...
"The blessing of Palestine is dependent upon the annihilation of the pit of global corruption in it. When the head of the serpent of corruption is cut off here in Palestine, and its octopus tentacles are severed throughout the world, the real blessing will come.
"The annihilation of the Jews here in Palestine is one of the most splendid blessings for Palestine. This will be followed by a greater blessing, Allah be praised, with the establishment of a Caliphate that will rule the land and will be pleasing to men and God."
Our friend Daniel Halper exchanges views with Meir Javedanfar at PJM. There is good info on both sides of this one, though Javedanfar dedicates far too many column inches on the efficacy of economic leverage. When are we going to figure out that Islamic terror states are simply not motivated by dollar signs? They have other priorities.
This piece at the Wall Street Journal hits all the right notes. The Colin Powell faction that shut down vigorous action the moment the Iraq invasion was over was always dangerously naive, never accounted for the nature of the enemy, and has been as responsible for the dragging out of the conflict as was the poor post-invasion planning. Obama is anxious to show he hasn't learned anything by the country's experience as he proceeds to enshrine this dangerous blindness into policy. We've sat for years watching personnel and equipment coming over the border and done very little to stop it -- beyond speaking very sternly in private meetings. Want a preview of future American action? Remember Nancy Pelosi in a hijab.
Hitting Syria, Five Years Late - Soliciting Assad was one of Bush's biggest war mistakes
After five years and six months during which Syria has been an active accomplice to the insurgency in Iraq, the U.S. has finally struck back. Historians will be left to ponder how the course of the Iraq war might have changed if President Bush had acted sooner.
U.S. military sources are confirming that on Sunday U.S. special forces raided a location in eastern Syria that was being used by a network of Syrian military officials and al Qaeda-connected groups to smuggle foreign jihadists into Iraq. The Syrians, predictably, denounced the raid as "an outrageous crime" and an "unprovoked" attack on a "sovereign country."
The Syrians have an interesting definition of unprovoked and a curious notion of sovereignty. Even before U.S. troops took Baghdad, then-Secretary of Defense Donald Rumsfeld explicitly warned that Syria was shipping military equipment to help Saddam Hussein, including night-vision goggles and antitank weapons. Only days after Baghdad fell, Mr. Bush warned Damascus against becoming a safe haven for top Iraqi Baathist officials. "We expect cooperation," he said, "and I'm hopeful we'll receive cooperation." Siding with Secretary of State Colin Powell over Mr. Rumsfeld, Mr. Bush dispatched Mr. Powell to Damascus in a show of postinvasion diplomatic goodwill.
President Bashar al Assad did not reciprocate, and Damascus soon became the capital in exile from which the Sunni insurgency was financed, organized and directed...
...There's a lesson in these Bush Administration mistakes for the next President, particularly if he is Barack Obama. The Syrians interpreted diplomatic accommodation in the face of their anti-American acts as a sign of weakness to exploit. Mr. Obama has promised he'll engage Syria diplomatically as part of an overall effort to end the conflict in Iraq. If he really wants to end the war faster, he'll pick up on Syria where the Bush Administration has now ended.
See also, Michael Yon: Syria-Iraq: Bloody Border, Messy Politics - "Syria has played a dangerous game in Iraq with few consequences -- until yesterday's U.S. Special Forces raid."
Update: Putting a name to it: The Cambodia Syndrome.
Monday, October 27, 2008
Andrew McCarthy at National Review:
Let's try a thought experiment. Say John McCain attended a party at which known racists and terror mongers were in attendance. Say testimonials were given, including a glowing one by McCain for the benefit of the guest of honor ... who happened to be a top apologist for terrorists. Say McCain not only gave a speech but stood by, in tacit approval and solidarity, while other racists and terror mongers gave speeches that reeked of hatred for an American ally and rationalizations of terror attacks.
Now let's say the Los Angeles Times obtained a videotape of the party.
Question: Is there any chance -- any chance -- the Times would not release the tape and publish front-page story after story about the gory details, with the usual accompanying chorus of sanctimony from the oped commentariat? Is there any chance, if the Times was the least bit reluctant about publishing (remember, we're pretending here), that the rest of the mainstream media (y'know, the guys who drove Trent Lott out of his leadership position over a birthday-party toast) would not be screaming for the release of the tape?
Do we really have to ask?
So now, let's leave thought experiments and return to reality: Why is the Los Angeles Times sitting on a videotape of the 2003 farewell bash in Chicago at which Barack Obama lavished praise on the guest of honor, Rashid Khalidi -- former mouthpiece for master terrorist Yasser Arafat?...
...The party featured encomiums by many of Khalidi's allies, colleagues, and friends, including Barack Obama, then an Illinois state senator, and Bill Ayers, the terrorist turned education professor. It was sponsored by the Arab American Action Network (AAAN), which had been founded by Khalidi and his wife, Mona, formerly a top English translator for Arafat's press agency...
LGF: Contact the LA Times and Demand the Rashid Khalidi Video
Bookworm Room: Contact information for companies that advertise in the LA Times
LGF: Rashid Khalidi Ranted About the 'Zionist Lobby' on Al Jazeera
Solomonia: Rashid Khalidi...a Case of Plagiarism?
Adam Holland: Sabeel Founder Ateek: Hamas preaches "liberation theology"
The source isn't ideal, but then you're going to have to deal with that when dealing with anti-Israel champions of divestment like Sabeel's Ateek.
Excellent panel discussion with Michael Medved, Mona Charen, David Horowitz, Clifford May, and Daniel Pipes from the Jewish Policy Center, filmed in Ohio: From Iran Aggression to U.S. Recession - The Challenges Ahead
Our friend and fellow Boston blogger Dean Barnett has passed away: Dean Barnett, 1967-2008
Dean attended one of our Boston blogger meetups, and I had the pleasure of meeting him a couple of times. He was obviously an exceptional person who managed to retire early and co-opted his blogging interest into a stepping stone to print, radio and television punditry. A real loss.
Our deepest condolences to his family.
Great news. Code Pink has given up the ghost in their efforts to get the US Marines to pull out of Berkley, California. Chalk one up to the good guys.
Read the story at Move America Forward: Pink Retreat: Good Ole USA Wins Again!!!! and Michelle Malkin's: Code Pink evacuates from Berkeley. Hard to resist this video from Michelle's:
I just listened to an hour long radio debate between incumbent US Senator John Kerry and challenger Jeff Beatty. It was an excellent, contentious debate, and Beatty did a great job -- not that it will make much of a difference here in Massachusetts.
Other than the remarkable fact that the Republicans of Massachusetts have actually put forth such a good candidate, the big take away I got from the debate came in the final few moments, when each candidate was asked for a quick take on a number of issues. When the Fairness Doctrine came up you could almost hear John Kerry explode out of his chair in excitement. Ladies and gentlemen, the Democrats are absolutely salivating to take control over what you see and hear -- as though the media isn't left wing enough, they want to sit in judgment and run it from Washington.
Bringing back this basically fascist idea from Washington has to be one of the worst ideas I've heard of in a long time. Put this together with Barney Frank looking at other people's money as a resource for him to seize at his pleasure, and you begin to understand why Washington is a city that needs to be controlled and restrained, not just reformed.
John Hawkins has done another one of those poll-things. Questions were pretty straightforward, stuff like:
Etc...I was in the majority on most questions except #1 and #3. You'll have to click through to see the results.
Interesting history: The first Boys From Brazil: Nazi graveyard discovered deep in the Amazon rainforest
A graveyard of former Nazis bent on creating a 'foreign Fatherland' in the Amazonian rainforests from which to spread Hitler's maniacal beliefs has been discovered in Brazil.
The relics betray a madcap plan back in the 1930s to create a master race thousands of miles from Germany.
The graveyard and other ruins that fanatical Nazis left behind are chronicled in a new book.
Entitled 'The Guayana-Projekt. A German Adventure on the Amazon' it says die-hard Nazis believed they were destined to settle the world like pioneers of the wild west in America.
It has long been known that Nazis wandered post-war into the remote regions of South America, befriended by fascist governments and military dictatorships.
The 1978 film Boys From Brazil told a of a bizarre plot to clone Hitler that was hatched by Joseph Mengele in his jungle hideout.
But the harshness of the Amazonian jungle was a strange choice of destination.
Historical Nazi 'footprints' are found in grave markers with swastikas, photos found in archives back home and the remains of dwellings.
On an island on a tributary of the River Jary in Brazil author Jens Gluessing found a nine-foot high wooden cross decorated with swastikas that testified to one of the explorers who never made it back to Berlin...
The economic storm hit the Gulf States this weekend, and Saudi King Abdullah is not amused:
World facing covert economic war - KingRIYADH - Hit hard by tumbling economy, the world is facing a covert economic war, King Abdullah, Custodian of the Two Holy Mosques, said Saturday in a meeting with press officials and editors-in-chief of Saudi newspapers in Riyadh.
As the GCC ministers of finance met Saturday in Riyadh to tackle the looming financial crisis, the King warned that the Gulf, which was forging ahead in all fields, was also being targeted.
The King stressed that the interests of religion and nation should be kept first. "You know what is going on in the whole world. I wish to tell you that I believe that the world now is facing a covert economic war and you must take this into consideration as well as the interest of religion and nation, because the economy is the basis for everything," King Abdullah said...
..."Don't forget that your country is being targeted to shake the bounty bestowed on us by Allah. We must respect, care for, and protect this bounty," the King said.
Speaking of economic war, T. Boone Pickens describes one plan...
Sunday, October 26, 2008
It's a shame, but I have reached the point of no longer having the time to blog as I once did -- life has too many other demands at this point. So I'm quitting the blogging life, perhaps for good, perhaps just for a time.
I don't need to expand much on the depressing political developments probably coming our way -- a large step backwards to about 30 or 40 years ago -- in the form of Barack Obama, his movement, and the flunky journalist class that surrounds and protects him. Falsely sold as an agent of change, Obama in reality is the politics of Boomer nostalgia made flesh and dwelling among us, as well as a false messiah of the panicked establishment now filling his campaign coffers. It's older voters and older Boomers who are his core supporters. He's not the future, but very much the past, nicely scripted and teleprompted.
My post at Kavanna discusses these points at some length. It would take too long to expand on the disastrous foreign policy consequences of an Obama presidency, but I don't think I need to. Just think of Jimmy Carter, but multiply by three or five. Maybe JC himself will be back. As for the financial crisis: the problems created by too much debt cannot be solved by more borrowing. Politicians' new false promises can't undo the damage done by past false promises.
If we had a free press in America -- ah, but we don't. What we have instead is a class of would-be courtiers and lackeys, all primping themselves to serve as Obamamerica's unpaid Ministry of Popular Enlightenment. The conventional media is a junk-food banquet in which most of the dishes are poisoned. The best thing you can do is the simplest: turn it off.
This is Binah, signing off, till who knows when.
POSTSCRIPT: How could I forget "blogal warming"? :) Good news to report here: more and more scientists are publicly rejecting the idea, as the negative evidence keeps piling up. Don't ignore your personal experience: the last two years really have been colder. The polar regions, especially the Antarctic, are cooling. The connection to the Sun's weakening magnetism can no longer be disputed, even if it is not yet understood.
It's refreshing to see scientists responding to evidence and ignoring mistaken computer models. If only Wall Street had taken this to heart earlier ....
Saturday, October 25, 2008
Here's that must-read that's been going around, by ABC News columnist, Michael S. Malone: Editing Their Way to Oblivion: Journalism Sacrificed For Power and Pensions
...The sheer bias in the print and television coverage of this election campaign is not just bewildering, but appalling. And over the last few months I've found myself slowly moving from shaking my head at the obvious one-sided reporting, to actually shouting at the screen of my television and my laptop computer.
But worst of all, for the last couple weeks, I've begun -- for the first time in my adult life -- to be embarrassed to admit what I do for a living. A few days ago, when asked by a new acquaintance what I did for a living, I replied that I was "a writer", because I couldn't bring myself to admit to a stranger that I'm a journalist...
...I watched with disbelief as the nation's leading newspapers, many of whom I'd written for in the past, slowly let opinion pieces creep into the news section, and from there onto the front page. Personal opinions and comments that, had they appeared in my stories in 1979, would have gotten my butt kicked by the nearest copy editor, were now standard operating procedure at the New York Times, the Washington Post, and soon after in almost every small town paper in the U.S.
But what really shattered my faith - and I know the day and place where it happened - was the War in Lebanon three summers ago. The hotel I was staying at in Windhoek, Namibia only carried CNN, a network I'd already learned to approach with skepticism. But this was CNN International, which is even worse. I sat there, first with my jaw hanging down, then actually shouting at the TV, as one field reporter after another reported the carnage of the Israeli attacks on Beirut, with almost no corresponding coverage of the Hezbollah missiles raining down on northern Israel. The reporting was so utterly and shamelessly biased that I sat there for hours watching, assuming that eventually CNNi would get around to telling the rest of the story . . .but it never happened.
But nothing, nothing I've seen has matched the media bias on display in the current Presidential campaign. Republicans are justifiably foaming at the mouth over the sheer one-sidedness of the press coverage of the two candidates and their running mates. But in the last few days, even Democrats, who have been gloating over the pass - no, make that shameless support - they've gotten from the press, are starting to get uncomfortable as they realize that no one wins in the long run when we don't have a free and fair press. I was one of the first people in the traditional media to call for the firing of Dan Rather - not because of his phony story, but because he refused to admit his mistake - but, bless him, even Gunga Dan thinks the media is one-sided in this election...
Go ahead and read it all, as they say.
What we're tasting is the fruit of all those people who got into journalism to "make a difference," and are now in the positions of power in the industry, who no longer believe that straight facts and fairness are sufficient. After all, these are people who have been raised with good liberal-elite contempt for their fellow Americans, and therefore their fellow Americans can't simply be entrusted to make their own decisions, they must be guided. They have been reared on the Michael Moore school of patriotism, where fellow citizens are mere objects of scorn and contempt, to be looked down on and derided. The coastal elites no longer share the values of the rest of the country, so the rest of the country can't be entrusted with the mere facts themselves for fear of what their value system may make of them. They have to be lead to the proper conclusions.
Facts? Fairness? It's your agenda and your intent that make you you, and your results that tell you whether you're a success when you get up and look in the mirror.
The media elites actually think they haven't been biased enough on Iraq and the War on Terror and that they were insufficiently biased when it came to the last two elections (imagine!), so this time they're throwing caution to the wind. As Malone calls it, it's a Hail Mary pass this time around. "After all," says Malone, " newspapers and network news are doomed anyway."
Not quite so fast, though. As powerful as the blogosphere and alternate media (including conservative talk) has become, it's not there yet. The mainstream opinion leaders (the opinion of the great moderate middle that dictates the outcome of elections) are still the major papers and the big networks. As good at agitation as the blogosphere has become, the real coup is only achieved when a scoop breaks the bonds of the blogosphere's gravity and makes orbit in the MSM. When LGF caught Rather and Mapes trying to pass of faked documents, the find achieved success when it became so big that the blogosphere could no longer contain it anymore. Only after it hit orbit in the mainstream was CBS forced to take note and toast Rather.
How will we know when the alternative media has come of age? I'll give you one indicator. If John McCain manages to pull out a win in this election, it will show that the mainstream media is no longer the gate-keeper it once was. It will show the presence of an enormous bloc so influential that pollsters will have to recalibrate how they do their calculations. It will show that all the information floating on the internet that the MSM has downplayed and hidden from sight actually find its mark in a sufficient number of voters' fingers. And that will change the whole game.
If it doesn't happen the game's not over of course. It just means we're not there yet. (And too bad, because an Obama presidency will move the country so far over to the left that it will take the range of acceptable along with it so far that we may never recover from it -- but that's an entirely different subject.)
On the "Colbert Report" Jonathan Alter, Newsweek's Senior editor openly campaigns for Obama (while dissing McCain and greedy capitalists).
In related news, journalist Michael Malone describes how reporting has become shamelessly biased in this presidential election.
Friday, October 24, 2008
Yes, the attack was a hoax by a disturbed person. Sad.
Martin Kramer's highly influential book, Ivory Towers on Sand: The Failure of Middle Eastern Studies in America, is now available as a free download. Take that!
Leave it to Ma'an News: Israeli peace activists throw Molotov cocktails at Israeli soldiers in Ni'lin
Bethlehem - Ma'an - Israeli peace activists participating in the weekly demonstration in the village of Ni'lin threw a Molotov cocktail at soldiers attacking the protesters, according to Israeli sources.
Israeli troops responded to the cocktails by opening fire on the usually peaceful demonstration, and launching tear-gas canisters on the Israeli, international and Palestinian activists.
You mean I can toss a molotov cocktail and still be a peace activist? Cool! (And have no doubt, there is never anything peaceful about those protests.)
Anna Shapiro's piece at Comment is Free dovetails nicely with some essay I wrote somewhere back there about Europe's race-identity consciousness compared to America's:
If you've been listening to BBC Radio 3, you'll probably know that this week's "composer of the week" has been Aaron Copland. To hear the name is to pull up your mental Google page of standard information an American grows up with: Copland was, pre-eminently, the composer ready to say it loud, "I'm American and I'm proud" - the would-be or maybe achieved creator of an indigenous American concert style that didn't look to Europe; composer of scores for choreographers Martha Graham and Agnes de Mille; incorporator of American folk tunes (never mind that the tunes probably came from the British Isles or that the idea of so using folk music seems likely to have come from Hungarian Bela Bartok or Czech Anton Dvorak). His achievement remains. I personally may have gone to Quaker camp, where we sang "'Tis a gift to be simple", but that the hymn is no longer the province of such a specialised milieu is because of "Appalachian Spring", the Graham score that makes it a theme.
But, from the BBC, it took probably less than 90 seconds to learn what I'd never heard in all my years listening to classical music in America, living with a composer, or taking Graham-technique dance classes, and what it had never occurred to me to wonder about: that Copland was "of Lithuanian Jewish descent".
That was the first thing they needed to mention about Aaron Copland? Jesus Christ Almighty.
But why was I surprised? Hadn't they begun their biography, several years ago, of Gerald Finzi with words along the lines of "born to a British mother and a Jewish father"? And to think at the time I just thought they couldn't tell the difference between religion and nationality.
But that must have been before I heard the Radio 3 announcer refer to "the Jewish composer Mendelssohn". I had to tell my New York friends about that one. But because they couldn't believe anyone would use such a locution on the revered BBC, I eventually found an example in print, from our own Guardian Review section, in which Craig Raine wrote "the Jewish poet Max Jacob", though the man's religion or ethnicity had no relevance whatever to the portraits being discussed...
Via Engage, which also has a ton of good stuff on the shocking attitudes expressed by the British teachers union, UCU. Just scroll down.
Thursday, October 23, 2008
Woman Robbed, Attacked With Knife At Bloomfield ATM
PITTSBURGH -- A 20-year-old woman who was robbed at an ATM in Bloomfield was also maimed by her attacker, apparently because of her political views, police said.
According to WTAE's news exchange partners the Pittsburgh Tribune-Review Ashley Todd, of College Station, Texas, was using an ATM at Liberty Avenue and Pearl Street in Bloomfield just before 9 p.m. on Wednesday when a man approached her and put a knife to her throat.
Police spokeswoman Diane Richard said the robber took $60 from Todd, then became angry when he saw a McCain bumper sticker on the victim's car. The attacker then punched and kicked the victim, before using the knife to scratch the letter "B" into her face, Richard said...
Video report at the link.
Update: LGF notes that TMZ is skeptical. You can see that the B is backwards, and not carved, but scratched...I'm withholding judgment.
Update2: I had pulled this post until more info became available...there have been just too many of these types of hoaxes in the past, but since it's been linked (at Michelle's, and she also doesn't think the story is 100%) I'll put it back up.
Ed Morrissey is less skeptical.
I thought the story was a good counter to the media silliness over supposedly dangerous McCain supporters, but this particular incident needs more investigation.
Update 10/24: She made it up.
Of course! He doesn't want to enable what would be a majority Republican vote. A Democrat who would rush to court to make sure ballots are available in...Hmong... (blatant theft of something I heard Michael Graham say last night) has been ignoring federal rules regarding the handling of absentee ballots of members of the military. Add to that his refusal to investigate ACORN's activities in the state... Graham has the outrage: ACORN, Yes! American Soldiers, No!
ACORN, yes! American soldiers...not so much.
That's the message from Massachusetts Secretary of State Bill Galvin to local members of the US military.
The same Secretary of State who has thus far refused to even investigate ACORN's activities here in Massachusetts--and who supports giving tax dollars to a group committing election fraud- -- won't do his job to protect the right to vote for men and women fighting for our nation abroad.
One of the problems uncovered during the 2000 Florida fiasco is that American military personnel deployed abroad often don't get their chance to vote. Ballots arrive too late, aren't processed when they return, are disqualified on technical grounds without the soldiers ever knowing, etc. So Congress passed a law in 2002 mandating that election officials like Secretary of State Galvin track track how many soldiers and overseas voters request a ballot, have one sent to them, and how many come back and are actually counted.
Pretty basic stuff, for a very profound cause: protecting the right to vote of people getting shot at while defending ours. But Bill Galvin told the soldiers to get stuffed. Galvin refused to obey the law and make sure Massachusetts military members got their ballots and had their votes counted.
Think there were any guys in Iraq who wanted to vote on Bush vs. Kerry in 2004? Well, tough luck if they lived in Massachusetts. Galvin refused to to his job. The 2006 Congressional election? Same thing. Guys who may have wanted to vote against "Surrender Now!" Massachusetts congressman James McGovern never got the chance.
And that, of course, is the point. Secretary of State Bill Galvin can read the polls...
No surprises here. His boss, Gov. Deval Patrick (the original "Yes We Can!" candidate) has his own ties to ACORN, even securing them a grant in this cash-strapped year: Gov. Deval Patrick has tie$ to embattled ACORN
Gov. Deval Patrick, a national co-chairman of Barack Obama's presidential campaign, teamed up with the Illinois senator to represent the controversy-plagued activist network ACORN in a 1993 case and secured money for the group in this year's state budget, the Herald has learned.
Patrick secured a $33,000 grant for the Springfield branch of ACORN's housing program in April. ACORN Housing New England Regional Director Theresa Naylor said the money was used for "foreclosure prevention."...
Update: Graham has an update: Bill Galvin Gets An Early Start On The "Fairness Doctrine"
...before today's show, my producer called and emailed Secretary Galvin, inviting him to tell his side of the story. "He's too busy and will not have time to come on," Galvin's spokesflak said. But after the show started, and Galvin began hearing from angry military family members, he suddenly found time to call the show.
Not for a conversation, but for a threat. Secretary of State Bill Galvin's spokesflak called my producer while I was on the air to complain about the content of my show. Then we were informed that the Secretary was filing a complaint against me with the Federal Communications Commission because he didn't like what I was saying. Galvin was apparently hoping that such a threat to my livelihood would shut me up.
This posting shows how well that worked.
How can a politician who doesn't have the guts to pick up the phone and call me complain to the FCC about the content of my show? Galvin was welcome at any time to be part of our conversation. Instead, he went to the government to try and end the conversation altogether.
That's today. Now, imagine this same story six months from now with President Obama in the White House, Nancy Pelosi overseeing a supermajority in the House and the latest version of the "Fairness Doctrine" working its way through the liberal-dominated Congress...
US transfers $150 million to Palestinians
...U.S. consul General Jake Walles says Palestinian Prime Minister Salam Fayyad asked for the additional assistance last month to help with the Palestinian budget.
A statement from the U.S. Consulate in Jerusalem says American aid to the Palestinians in 2008 now totals over $700 million and exceeds the amount the U.S. pledged at a donors conference in December 2007...
I guess the Obama people will just have to keep canceling those debates. It looks like the Republican Jewish Coalition isn't going to be backing down on the tough truth any time soon. Here's a new ad:
Click the ad to go to the RJC's site for the full-sized version.
Alright, alright already. I'll post about it. I must have been sent links to this story about a dozen times over the past few weeks: Hijacked Iranian Ship Was A Dirty Bomb Meant For Israel On Yom Kippur
The story goes that a group of Somali pirates that hijacked an Iranian ship got more than they bargained for when they got on board, opened some of the boxes, got gravely ill and died from whatever "sandy" substance was contained in the cargo. The remaining pirates kept the ship hostage before finally taking a ransom offer and allowing the ship to sail off: Somali Pirates Release Iranian 'Death' Ship
The story from the start sounded so extreme that I awaited more information before posting anything about it. I still haven't read anything that sounded authoritative to my ears on it. Even the A7 story quotes a skeptical expert:
Dr. Ephraim Kam, deputy director of the Institute for National Security Studies (INSS), told Israel National News that the entire incident could easily have been a fiction -- or not. "Nothing is impossible in this region," said Kam, an IDF Colonel (res.) and former deputy director of the Research Division in the IDF's Military Intelligence, "but logically [the report] doesn't seem to be very reliable."
The reason, he said, is that such an attack on Israel would cost the Iranians dearly -- and he said they know it...
I don't know about the strategic calculation involved -- actors in the region are notorious for miscalculating such things -- but I do find it curious that if there were such a ship, carrying such a cargo, that the US Navy would just stand idly by and let it sail off into the sunset. Don't you? So, I leave it to you, intrepid readers, to decide based on the scanty information, just what is going on here.
Security services canceled Cat Stevens'/Yusuf Islam's appearance. Good.
Omri explains, and there have been a number of other attempted attacks -- pipe-bombs and the like -- intercepted at checkpoints recently. It's only a 'cease-fire' as long as Israel keeps stopping the terrorists. Perverse.
Tuesday, October 21, 2008
The usual suspects are quick to blame the current economic crisis on the free market. Using his typical backwards logic, Noam Chomsky says that the current crisis demonstrates anti-democratic nature of financial system.
The Times Online has a poll asking Did Karl Marx get it right?. Over 46% of respondents said yes. Apparently, in Britain, dog-eared copies of Das Kapital are flying off the shelves.
Newsweek slavers about how the economic crisis and Obama's presidency could usher in a new 'progressive' era.
But before all you progressives out there break into your choruses of l'Internationale, think for a moment about Iceland.
Yes, Iceland, that bastion of progressive 'equality', that pacifist, feminized feminist nation; A socialist paradise where all men are good-looking, all dottirs are matriarchs and all children are above average. Iceland, where warmongering is unthinkable, where all bask in the free, independent energy provided by geothermal resources.
This shining beacon of socialist success took its regulated banking system, and, like a drunken housewife in Vegas, bet everything on lucky seven.
They got snake eyes. Now this beacon of progressive purity is literally facing bankrupcy.
No, Karl Marx wasn't right, and yes there are such things as dumb questions.
[This post continues the series of excerpts from John Roy Carlson's 1951 work, Cairo to Damascus (link to in-print paperback). All posts in the series will be collected on this page.]
Still in Damascus: pp. 395-396
ONLY kismet could have led me to a tiny restaurant-tavern on the bank of the Barada River. The place was native, but the customers were largely non-Arab...Here I struck a friendship with Stefan Meyer, which opened strange new vistas for me. A thin, colorless youth, with watery eyes and hollow cheeks, Stefan was drinking native beer, and complaining to the proprietor in English.
...The oily one [the waiter] brought the beer. "Bring another glass, sadiqi, my friend, and join us in our toast: "To the great German people! To the great Arab people!"
When Stefan had finished his bottle and was in an expansive mood I plied him with questions. By this time I had made sure he "knew" about me: that I had been a member of the German-American Bund, an American Nazi and Jew-hater. "Now tell me about yourself," I said casually.
He had been caught by the English on a submarine off Italy and imprisoned in various camps. Finally, he and another German, a captain in the Wehrmacht, had escaped. They had been fighting with the Arabs since then. He and other Germans had fought in Katamon in Jerusalem (confirming Israeli disclosures that instructions had been found there in German). I noted that Stefan was well-dressed and smoked expensive cigarettes.
"I don't receive money from any Arabs. Someone else gives it when I need it," he said. "You will meet many Germans here. We have headquarters here and in Beirut. There are also many Yugoslav Moslems here. Some of them are living in a mosque. I will introduce you to them. Yugoslavs and Germans are everywhere in the Syrian army. Ach, we had a bloody time. These Arabs think you cn win a war by talking instead of by discipline and sacrifice."
"I've been with them. I know. Have you been hurt fighting?"
"I've just come out of the hospital. My body is still full of shrapnel. Here, feel this." Stefan rolled up his sleeve. His arm was lacerated with healing flesh wounds. "Thirty-two days in the hospital!"
"Tonight let's celebrate," I said. "Let's go to a night-club."...
Later, at the night club, Carlson meets an old acquaintance... pp. 397-399:
...I made sure all my Arab credentials were with me before turning around. I could not make out the three men.
"We have met before in Jerusalem. Do you remember?" the voice said.
...I wose and walked over to the table cautiously. When I saw who it was, I broke out in a delighted exclamation: "Fadhil Rashid Bey, my dear brother! What are you doing here?"
It was the former military commander of Jerusalem, whom I had photographed with Moustafa. Fadhil Bey had told me I was the finest photographer in the world. "Sit down with us, please," he said.
He was on his way to Baghdad. I introduced Stefan.
"Ahh, a German. Finest of the Europeans. Let us drink to the Germans."
We raised our glasses of arak...
"Let us drink to the few good Americans like our friend here," Stefan said. "I met him only today, but he's one hundred per cent."
"I know him from Jerusalem. He's two hundred per cent -- one hundred Arab, one hundred German," Fadhil Bey put in, raising his glass.
"We leave Truman out of this toast. He's a Zionist," I said.
"Let's wish him the first place in hell," Fadhil Bey roared. "Ahh, how Hitler was misunderstood in Europe," he resumed, after the arak had scorched its way down our throats. "He was a great man, a very great man. He was an enemy of our enemies, therefore our friend. He died, unrecognized, misunderstood."
"He should have been born Moslem. Then he would have been appreciated," I said.
"Heil Hitler," Stefan burst out, sentimentally.
"A toast to the memory of the great German fuehrer," Fadhil Bey said.
"Heil Hitler!"
"May he come to rule again!"
"Heil Hitler!"
My head reeled. Where was I -- in Berlin? What year was this -- 1938? Was Hitler really dead? I recalled that the Arab with whom I was sitting had taken part in the abortive 1941 Nazi putsch in Iraq. Caught by the British, he had been imprisoned in South Africa, had escaped, and eventually had been made military commander in Jerusalem by the Grand Mufti, with whom he had conspired in Baghdad..."Heil Hitler!"
A new posting at Breath of the Beast indicates that there may yet be a journalist of two ready to keep the lights burning: Breath of the Beast #6- Asking the Right Questions
I felt the breath of the beast for the first time over dinner with a group of colleagues recently.
Before I tell this story, I should explain as background that I was on the last PATH train into the World Trade Center out of New Jersey on Sept. 11, 2001.
We were headed into Tower One either as or just after the first plane hit. As I left the train, I smelled jet fuel. I exited the building by walking out under the gaping hole the first plane made. I was walking up Church Street when the second plane hit. I turned around just in time to see the side of Tower Two blow out.
One would think I would have felt the breath of the beast that day. I didn't. I knew Islamists had been trying to nail us for a long time and that this time they succeeded...
...My vote for John McCain would be a vote against Barack Obama the socialist, I explained. I practically spit the words. I think I said: "I hate 'em all" as I was on my second martini.
Then a fellow reporter across the table said: "I think a president with roots in the Koran would be a good thing. I'm sick and tired of Christians ... well maybe I should stop there."
I said: "Yes you should stop there. I'm not a Christian but I am sick and tired of liberals' kneejerk demonization of them."
Then the conversation mercifully shifted...
Lorne Gunter at the National Post:
In early September, I began noticing a string of news stories about scientists rejecting the orthodoxy on global warming. Actually, it was more like a string of guest columns and long letters to the editor since it is hard for skeptical scientists to get published in the cabal of climate journals now controlled by the Great Sanhedrin of the environmental movement.
Still, the number of climate change skeptics is growing rapidly. Because a funny thing is happening to global temperatures -- they're going down, not up.
On the same day (Sept. 5) that areas of southern Brazil were recording one of their latest winter snowfalls ever and entering what turned out to be their coldest September in a century, Brazilian meteorologist Eugenio Hackbart explained that extreme cold or snowfall events in his country have always been tied to "a negative PDO" or Pacific Decadal Oscillation. Positive PDOs -- El Ninos -- produce above-average temperatures in South America while negative ones -- La Ninas -- produce below average ones.
Dr. Hackbart also pointed out that periods of solar inactivity known as "solar minimums" magnify cold spells on his continent. So, given that August was the first month since 1913 in which no sunspot activity was recorded -- none -- and during which solar winds were at a 50-year low, he was not surprised that Brazilians were suffering (for them) a brutal cold snap. "This is no coincidence," he said as he scoffed at the notion that manmade carbon emissions had more impact than the sun and oceans on global climate.
Also in September, American Craig Loehle, a scientist who conducts computer modelling on global climate change, confirmed his earlier findings that the so-called Medieval Warm Period (MWP) of about 1,000 years ago did in fact exist and was even warmer than 20th-century temperatures...
Monday, October 20, 2008
I am presuming that the lights will be staying off, as there is little indication there is anyone present honest enough to turn them on:
...This housing crisis didn't come out of nowhere. It was not a vague emanation of the evil Bush administration.
It was a direct result of the political decision, back in the late 1990s, to loosen the rules of lending so that home loans would be more accessible to poor people. Fannie Mae and Freddie Mac were authorized to approve risky loans.
What is a risky loan? It's a loan that the recipient is likely not to be able to repay.
The goal of this rule change was to help the poor -- which especially would help members of minority groups. But how does it help these people to give them a loan that they can't repay? They get into a house, yes, but when they can't make the payments, they lose the house -- along with their credit rating.
They end up worse off than before.
This was completely foreseeable and in fact many people did foresee it. One political party, in Congress and in the executive branch, tried repeatedly to tighten up the rules. The other party blocked every such attempt and tried to loosen them...
...Your job, as journalists, is to tell the truth. That's what you claim you do, when you accept people's money to buy or subscribe to your paper.
But right now, you are consenting to or actively promoting a big fat lie --- that the housing crisis should somehow be blamed on Bush, McCain, and the Republicans. You have trained the American people to blame everything bad -- even bad weather -- on Bush, and they are responding as you have taught them to.
If you had any personal honor, each reporter and editor would be insisting on telling the truth -- even if it hurts the election chances of your favorite candidate.
Because that's what honorable people do...
More:
h/t to Seva for sending along links to these videos on the crisis: Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis
Clinton administration's "BANK AFFIRMATIVE ACTION"
Follow some of the related videos at Youtube for more.
Actually, he's been leading across all of Nielsen's demographic groups in contributions (if you haven't noticed by all those ads they keep showing). Some interesting numbers at the Nielsen blog: Top U.S. Political Donors Favor Obama Over McCain
...While it may not be surprising that Young Digerati, who form the core of Obama's base, are strong contributors to his campaign, it is interesting that the "Upper Crust" segment, the wealthiest lifestyle in America, are also strong Obama supporters. The Upper Crust, a haven for empty-nesting couples between the ages of 45 and 64 with a high concentration of residents who earn more than $100,000 a year and possess a postgraduate degree, gave 59% of their 2008 campaign contributions to Obama...
More info and a handy graph at the link.
When names don't live up to standards in Lord of the Rings Online:
No this is not right. But now name is changed! I fight for free middle earth but it not free :(
1. Nob is everywhere. It is on radio, on tv, it is volume. But best is corn on the NOB. Home in Panama it is favorite food (maize), and I am hobbit, and hobbit love food.
2. Gobbler it is easy. It eat the food like turkey, gobble gobble. Yes turkey love corn too.
3. The name is ryme so yes is funny.
4. People say me, nob is *****. I say no. If yes, then ***** is running around Bree, yes really, look and see.
5 LOTRO has drink and smoke, this kill people. Eat corn is healthy. If you are Nobgobbler you can be most healthy too.
So, can my name come back?
Of course they squeeze in the implication that it's Der Bush or Israel's fault, but at least the issue is being discussed. And guess what? It's not going to change no matter who's in the oval office, and it's going on in places far from Baghdad.: A Christian exodus Religious cleansing is taking place in many Muslim Middle Eastern states
Even Americans unschooled in the history of the Middle East know that Iraq comprises Sunni, Shia and Kurdish Muslims, thanks to the Bush administration's much-publicized effort to promote reconciliation among those groups. Often overlooked is the fact that Iraq has an ancient Christian population that has suffered grievously from the instability that followed the U.S. invasion.
More than 1,300 Christians recently fled the city of Mosul after 14 were killed -- perhaps by Al Qaeda in Iraq -- following a protest about an election law that didn't provide Christians with fair representation on provincial councils. But that is only the latest exodus of Christians from Mosul, which served as a refuge for those driven out of Baghdad, and from Iraq as a whole. A Chaldean Catholic archbishop has warned that Christians in his country face "liquidation."...
...The religious cleansing of Christians in Iraq is part of a larger pattern in which a faith with origins in the Middle East is being driven out of its native region. From Iraq to Lebanon, which once claimed a Christian majority, to Bethlehem, the West Bank town revered as the birthplace of Jesus, intra-Muslim violence and the Arab-Israeli struggle have combined to persuade (and in some cases force) Christians to relocate to Europe or North America.
This is a tragedy not only for Christianity but also for the long-term goal of ensuring Middle Eastern societies that are pluralist as well as democratic. Christians in the Middle East haven't always promoted such virtues. Maronite Catholics in Lebanon sought to deny Muslims a proportionate role in the governance of that country, and some Arab Christian leaders have been outspokenly anti-Israel. That attitude was reflected in the opposition of Arab bishops to a Vatican Council declaration absolving Jews of collective responsibility for the death of Jesus...
Ynet: Gay Palestinian fears for life, seeks residency in Israel
A 33-year-old gay Palestinian man petitioned the High Court of Justice on Sunday, asking it to grant him permanent residency in Israel so that he may live with his partner, who lives in the central Israeli city of Bat Yam.
The man, a resident of the northern West Bank village of Tamon, further claimed to fear for his life, since his family refuses to accept his sexual orientation and may try to harm him.
Attorneys Yohanna Lerman and Maya Yatziv, for the plaintiff, told the court that the man and his partner met nine years ago, and have been domestic partners ever since.
According to the brief, the Palestinian's family found out about his gay relationship in early 2000 and subsequently warned him that if he did not "reform" he will be killed to save face.
The man chose to continue living with his lover in Israel, unbeknown to his family, but unfortunately, relatives residing in Jaffa informed his father that he was "still hanging out with homosexuals."...
It's just so tough to say.
... are often more than we know, or so runs an old English proverb.
Linking to a post by Fabius Maximus, I recently pointed out the heavy level of societal indebtedness in America, especially household and consumer debt. The developing economic downturn will probably be an international episode, lasting part or all of a decade, like what Japan went through in the 1990s, the so-called "Lost Decade." (The recession proper might be short, but not the subsequent stagnation.) Post-bubble, the name of the game is deleveraging, working off debt, renegotiating debt, and (in some cases) defaulting on debt. The need to undo some of this indebtedness (the dead hand of the past) will put a definite crimp in everyone's style for at least a while, now and in the future.
The so-called "credit crisis" we've just passed through isn't really a "credit" crisis so much as a "creditworthiness crisis". If you have good credit and can prove it, you can borrow, even though the terms will be tougher. What has lending markets paralyzed is distrust of borrowers in unknown financial condition. Many are fine, some are struggling, and some are bankrupt. Helping bankrupt actors (banks, businesses, individuals) continue to borrow is a big mistake; it just prolongs the crisis and sends good money after bad. We have ways of dealing with bankruptcy, including deposit insurance for bankrupt banks. The right thing to do -- and what was done in the savings and loan crisis of the early 90s -- is to let the bankrupt go bankrupt, compensate depositors, collect and sell assets, and allow the non-bankrupt to prove their creditworthiness. Once everyone's financial state, both good and bad, is clarified, lenders will start lending again.
Friends keep asking me if (especially if Obama wins) we'll get a new New Deal. The answer is no, we won't. The New Deal did not cure the Great Depression, but undoubtedly deepened and prolonged it. The world economy is far too interconnected to allow such economic experiments today: socialism requires, among other things, a closed economy and a fairly closed society. We're moving farther and farther away from conditions that made such maneuvers possible.
It is possible that reckless politicians could launch a trade war, fueled by demagoguery about globalization and alleged "deregulation." Investor concern about this, here and elsewhere, is one of the reasons for the big drops in stock exchanges worldwide in the last month. If it starts to develop, it must be stopped dead in its tracks. It would leave the world a less secure and poorer place, impacting the poorest countries the most.
But there are reasons closer to home why we won't be seeing a new New Deal, and that is that governments are no longer in the strong position vis-a-vis their economies the way they were in the 1930s. Western governments today are among the world's biggest debtors. Given the global economic integration we have now, inflating away the debt (by printing money) is not an option, and governments cannot raise taxes much, if at all. Both options would cause investors to flee and a much more serious credit crisis. The remaining possibilities are deflation (which I think we're definitely heading into in any case, central banks being unable to stop it) and a higher probability of government debt defaults. I don't think the US federal government is in that situation, but a number of states and municipalities are.
In a sentence: governments will not be counteracting private retrenchment; they will themselves be retrenching.
Deflation will bring some good things, the most important being the undermining of "commodity dictatorships" like Russia, Venezuela, and Iran. Commodity prices are sensitive barometers of demand. With demand slackening off, all such governments are and will remain in serious trouble.
Although I strongly doubt the conventional wisdom that the Democrats will gain in Congress -- given Congress' unpopularity, they're more likely to lose some seats in the House -- my recommendation is to sit back and let an Obama administration go about its wrecking work. Voters will quickly suffer a shattering disillusionment once the Candyman Messiah is discredited. The real question is whether an effective conservative movement can be rebuilt from the wreckage of the last ten years. What we're seeing now -- a Republican administration looking the other way in the face of government-enabled bad debt, effectively nationalizing banks, extending government credit far beyond anything ever conceived, and so on -- is what happens when you don't have a conservative party or effective conservative politicians.
Sunday, October 19, 2008
From the Guardian:
In an interview with the Guardian, Stella Rimington calls al-Qaida's attack on the US "another terrorist incident" but not qualitatively different from any others.
"That's not how it struck me. I suppose I'd lived with terrorist events for a good part of my working life and this was as far as I was concerned another one," she says.
This kind of statement is nothing new. The Brits (and the Guardian) have been saying this kind of thing for years.
Although some blame Britain's decline on multiculturalism and the Left, the Conservatives and Labour both support the British governments efforts to cash in on the Islamic banking bubble. Catering to the demands of Saudi and Emirate princes is part of that deal.
The British government has also been making an effort to kiss up to the Russians (and, by default, to Russia's allies in Iran). Vlad "polonium 210" Putin has been bullying the British government for years, and the British government has been reacting the way they usually do - with craven appeasement.
The Russians effectively won this little war over British Petroleum.
Most of the anti-Americanism in Europe can be traced to Euro-British efforts to appease oil producers and wealthy Gulf-state troglodytes. The French, the Russians and the Germans can also never forgive us for attacking their best friend in the Middle East, Saddam Hussein.
One British commenter noted this about the American election:
The British are also as we say 'sweating cobbs' (a form of round and processed coal or a very hard bread roll) that if McCain gets in then the UK will have a choice either have the embarrassment of publically splitting with the US in relation to the US's War on Terror, rumblings are that this is because some high value British business contracts in the Middle East hang on the ability of the UK to pull out of Iraq.
Well, both parties have an appeasement policy towards Jihadists. John Kerry wasn't the one hugging and kissing Saudi King Abdullah in Crawford. But the idea is that if Obama is elected, the Brits can continue to pretend to be allied with us. If McCain is elected, they'll have to be more upfront about their true alliances.
Either way, the British people are still stuck with their Hobson's choice. If they don't start standing up to their government, if they don't use what still remains of their democracy and their freedom of speech to tell Brown et. all that they're mad as hell and not going to take it any more, then they can say goodbye to their way of life. And their pubs.
PRE-POSTSCRIPT: You know, the house over to the left might have benefited from a good plumber -- like Joe, say ....
---
The idea floating around (one version proposed by McCain) that the government should buy up "troubled" mortgages is as misguided notion as they come. "Troubled" itself is hard to define. Is it determined by the borrowers' difficulties in making loan payments? Or by loan default? Or is it just a mortgage "under water," valued at more than the house it's attached to? "Troubled" should be limited to, at most, the first two cases.
The housing crisis -- or rather, the house financing crisis -- will have, not one, but many endings, covering a range of possibilities:
- Borrowers paying reliably on mortgages "under water"
- Borrowers with payment difficulties who renegotiate their loans (lower interest rate)
- Borrowers in default who might renegotiate or just move out, to rentals
- Borrowers in foreclosure who must move out, or stay and rent with option to buy
Except for directly intervening with borrowers with Fannie and Freddie loans, it's hard to see what role government should take here, except to act as a catalyst. Government should certainly not be engaged in perpetuating the housing bubble; for example, in trying to prop up house prices or encouraging any more subprime lending. If it does anything for the housing market, it should be terminating the ingredients that went into the bubble in the first place.
The general financial crisis, centered in the credit markets and impacting others (like the stock market), was certainly triggered by the weakness in the subprime mortgage market and exacerbated by falling house prices across the board. But the financial system, as evolved over the last thirty years, has developed intrinsic weaknesses of its own that falling house prices merely exposed. Those dangers are embodied in excessive debt and rationalized in turn by faulty theories about controlling risk.
Many of the supposed culprits -- mortgage bonds and "derivative" securities (essentially, complex, composite repackagings of existing securities); the non-existent "deregulation" of Wall Street; and the alleged merging of investment and commercial banking -- are bogus. These supposed factors are either not real or not capable of producing an unforeseeable credit crisis of this magnitude.
Over the last generation or so, the financial world, American and non-American, the regulated and the regulators, has developed an unhealthy and misplaced confidence in its ability to quantify and manage risk. The crisis we see unfolding now has nothing in the slightest to do with "fraud" or malfeasance on any individual's part.* Traditional regulation is designed to deter and punish such misbehavior, which is multiply times over illegal anyway. A crisis of this type is a result of collective misjudgment and collectively-held false ideas about risk, mixed with a certain level of hubris.
Viewed this way, our present financial troubles start to look less like a crime caper and more like the failure of a complex technological system, like the explosion of the space shuttle Challenger or the sinking of the Titanic. ...
Read more of this post at Kavanna.
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* It has even less to do with "corruption," something outside of Wall Street's power, since that requires the granting of political favors. You have to look to K Street (in Washington) for that.
This morning I listened in on a campaign conference call by John McCain with Jewish supporters (I have no idea how many, probably a lot). Joe Lieberman was also there and the two expressed great esteem for each other (get a room). Nothing earth-shaking, but McCain did emphasize his support for moving the American embassy to some already set-aside land in Jerusalem. Here's the audio. If you want to listen, right click, save as... My voice is on there somewhere...not asking a question, my wife came in the room and I had to shoosh her...
Update: JTA reports on the call, here.
Saturday, October 18, 2008
Iowahawk gets serious:
...If it's meta-memes and meta-meta-narratives these media headlice want, so be it. I hope you will join me in expressing a simple bit of solidarity with this guy, Spartacus style. I AM JOE. I am a Wal Mart schlub in flyover country who changes my own oil and unclogs drains without a license. I smoke and drink beer and toss the football in the front yard with my kid, and I figure I can fend my way without handouts from some Magic Messiah's candy bags. Most everyone in my family and most everyone I grew up with is another Joe, and if you screw with them, you screw with me.
Are you a Joe? Say it proud. Leave it on every goddamn newspaper comment section and online forum. Let these pressroom and online thugs know you won't stay silent when they try to destroy the life of a private citizen for speaking his mind -- because for every one of them, there are a million Joe Wurzelbachers. And for that we should all be thankful...
Click the picture to get a larger, printable version.
DOA:
...The Great Schlep was launched to considerable fanfare after an accompanying video made by the comedian Sarah Silverman was watched seven million times on the internet.
Around 20,000 people signed up as Great Schlep fans on Facebook but the big push last weekend saw only one in 200 of them actually make the trip.
Even Silverman stayed away and doesn't actually have any grandparents in Florida. The closely-contested state has a large Jewish population, much of it made up of retirees from New York, and Democrats fear most will back John McCain.
To heap further embarrassment on the project, financed by the Jewish Council of Education & Research, many who did make the schlep discovered their grandparents were intending to vote for Mr Obama anyway...
Maybe double. Here he is trying to justify his support for Obama: Why I support Israel and Obama
...There may be some difference in nuance among the candidates, especially with regard to negotiations with Iran, but supporters of Israel should not base their voting decision on which party or which candidates support Israel more enthusiastically. In the United States, Israel is not a divisive issue, and voting for President is not a referendum on support for Israel, at least among the major parties.
I want to keep it that way. I want to make sure that support for Israel remains strong both among liberals and conservatives. It is clear that extremists on both sides of the political spectrum hate Israel, because they hate liberal democracies, because they tend to have a special place in their heart for tyrannical regimes, and because they often have strange views with regard to anything Jewish. The extreme left, as represented by Noam Chomsky, Ralph Nader, Cynthia McKinney, Norman Finkelstein and, most recently, Jimmy Carter has little good to say about the Jewish state. But nor does the extreme right, as represented by Pat Buchanan, Robert Novak, Joseph Sobran and David Duke. When it comes to Israel there is little difference between the extreme right and the extreme left. Nor is there much of a difference between the centrist political left and the centrist political right: both generally support Israel. Among Israel's strongest supporters have always been Ted Kennedy, Harry Reid, Nancy Pelosi, Barney Frank, Hillary Clinton and Barack Obama. The same is true of the centrist political right, as represented by Mitt Romney, George W. Bush, Orrin Hatch and John McCain.
Why then do I favor Obama over McCain? First, because I support him on policies unrelated to Israel, such as the Supreme Court, women's rights, separation of church and state and the economy. But I also prefer Obama to McCain on the issue of Israel. How can I say that if I have just acknowledged that on the issues they both seem to support Israel to an equal degree? The reason is because I think it is better for Israel to have a liberal supporter in the White House than to have a conservative supporter in the oval office. Obama's views on Israel will have greater impact on young people, on Europe, on the media and on others who tend to identify with the liberal perspective. Although I believe that centrists liberals in general tend to support Israel, I acknowledge that support from the left seems to be weakening as support from the right strengthens. The election of Barack Obama - a liberal supporter of Israel - will enhance Israel's position among wavering liberals...
I am not without sympathy to Dershowitz's position. Support for Israel ought to be kept a bipartisan matter as much as possible. AIPAC's efforts to remain in the middle are laudable for instance. And it's easy for me, since I disagree with Obama and the Dems on most things. It doesn't bother me that there are Jews on both sides, keeping the enemy close as it were.
Contrary to Dershowitz, I would argue that the fringe left is far more influential on the mainstream than the fringe right is, and further, I find it remarkable that a man who has spent so much time in combat with one of our worst ex-presidents wouldn't be able to look into the future and see a bit more clearly what he is going to be creating for the future with an ex-President Obama. That guy is not only a disaster in the making for the next four or eight years, his damage will stretch far into the future as well. Better that Dershowitz would sit this one out, but we all do what our consciences dictate.
[h/t: Fred]
At PJM:
...if the two previously known factors of energy and taxes weren't bad enough, the third -- one I didn't anticipate -- has been brutal. It can be traced largely to Barack Obama and others with his equal-results-regardless-of-merit mindset.
You see, thanks to blockbuster research done by Ragnar Danneskjold at the Jawa Report, we know that Obama was a plaintiff in a lawsuit against banking behemoth Citibank in 1994, ultimately settled out of court in 1998. In essence, the suit demanded that the bank approve an equal percentage of minority and non-minority mortgage loan applicants. Danneskjold writes: "The net result of this sort of litigation was, of course, that banks like Citibank started approving more subprime loans in the 1990s."
Lawsuits like this fueled the explosive growth of these high-risk loans to minority borrowers who could not qualify for conventional mortgage financing. Government-sponsored enterprises Fannie Mae and Freddie Mac (a.k.a. Fanron and Fredron) also responded to these legal pressures by lowering credit score thresholds for subprime and conventional loan approvals.
The high default and foreclosure rates that followed ultimately led to the crackups at Fan and Fred. Those failures in turn contributed to liquidity problems in the banking system that were apparently so serious that Congress rammed through a $700 billion bank "bailout" package. Despite such supposedly corrective measures, equity markets have steeply dived.
All of this likely makes Barack Obama the first U.S. presidential candidate in history to cause an economic downturn even before the general election has been held...
[h/t: Louise]
Friday, October 17, 2008
[via Dean's]
Michael Graham had me in stitches this morning playing the Lord of the Rings music as he described Obama's Dark Riders in the left wing blogosphere and mainstream media out to get Joe the Plumber.
Joe speaks for all those hard-working people out there not ready to drink the Socialist kool-aid. He's not ready to walk into the worker's paradise willingly...therefore, he must be destroyed.
Confederate Yankee: Typhoid Barry
Thursday, October 16, 2008
From the Republican Jewish Coalition:
Obama Campaign Withdraws From Two Jewish Debates - Will they duck debates in Philadelphia, Los Angeles, New York and Cleveland?
Washington, D.C. (October 16, 2008) -- The Republican Jewish Coalition (RJC) Executive Director Matt Brooks issued the following statement today:
Now that the Presidential debates are over, the Obama campaign is trying to cancel all remaining debates in the Jewish community that include the Republican Jewish Coalition.
Claiming they do not like recent RJC advertisements, the Obama campaign has formally instructed all of its representatives to cancel their scheduled appearances with any representative of the RJC. Former Congressman Mel Levine (CA) yesterday informed the Valley Cities Jewish Community Center that he would no longer show up for his scheduled debate this Sunday against RJC California Director Larry Greenfield. State Representative Josh Shapiro (PA) informed Temple Sinai that he would not participate in a forum with RJC Philadelphia Director Scott Feigelstein.
"The RJC is deeply troubled by this effort on the part of the Obama campaign to stifle and limit a debate on the important issues facing our country," said Brooks. "More than anything the Jewish community values dialogue. What is the Obama campaign afraid of? Why is the Obama campaign afraid to have this conversation?"
"With their recently enacted policy of not debating representatives of the RJC, the Obama campaign has underscored Senator Obama's problems in the Jewish community. It is unfortunate that the Obama campaign is unwilling and afraid to have a candid conversation in the Jewish community on the issues of great concern to Jewish voters," said Brooks.
"Throughout this campaign, the RJC has highlighted the truth about Obama's positions, his statements and his advisers. Every point raised in our ads is sourced, cited and has previously been reported in the media. We ask legitimate questions about Obama's policies towards Israel, the Middle East and Iran. Our ads have raised legitimate concerns over Obama's associations with Rev. Jeremiah Wright, Zbigniew Brzezinski, Robert Malley, Tony McPeak and David Bonior. If the Obama campaign is unhappy with our ads, then Senator Obama should never have associated with these individuals in the first place," Brooks added.
"Currently, the RJC is scheduled to participate in 29 debates between now and the election. In keeping with the long-standing tradition of Jewish dialogue, we look forward to these opportunities to engage the Jewish community on the critical issues," said Brooks.
The One's representatives would be far better off actually making the case that something in the RJC's ads is actually false. But they can't, because they're not.
You think ex-President Jimmy Carter has been a nightmare? Just wait until you meet ex-President Barack Obama -- when he's not running for anything anymore and he can go back to being friends with the likes of Rashid Khalidi, Ali Abunimah, Khalid al Mansour and Rev. Wright.
Liberating Palestine, one dead puppy at a time:
A group of Arabs and Israeli collaborators attacked a home in a Jewish startup neighborhood in Samaria Wednesday morning, killed a dog and burned holy books, while the residents were away protecting a nearby olive orchard.
The neighborhood that was attacked is called Chursha and is located next to the community of Adei Ad which was established ten years ago. The residents number about a dozen.
According to Evyatar Karo, one of Chursha's residents, the Arabs and Israeli anarchists carried out a successful ruse before their attack when they told police that they had come to harvest olives. The police then notified Chursha's residents that officers and soldiers were escorting the Arabs to pick olives. This apparently caused the neighborhood's residents to leave their homes without guards - except for their dogs - and go off to guard a nearby olive grove planted by Jews several years ago, which Arabs claim is on their land.
The attack took place at around 8 a.m., under the cover of fog. Karo estimates that the attackers numbered at least 20 Arabs and a few Israeli anarchists. The perpetrators parked their car in the nearby village of Turmus-Ayah, north of Jerusalem, and reached Chursha by foot. They then proceeded to burn and destroy the living quarters and meager furnishings, and to kill Kacha, a mixed-breed female Caucasian Shepherd puppy. Kacha's carcass bears signs of violence, and she seems to have been beaten or bludgeoned to death...
Public displays of affection are illegal in "Western friendly" Dubai, but (until the French government intervened) the gang-rape of a teenage boy was not.
The recent Austrian elections saw gains by far-right parties. The death of one of their leaders, Jörg Haider (at four times the legal alcohol limit, author of the carnage on the right), brings to mind an important debate in the blogosphere and elsewhere about the nature of Europe's anti-immigration and anti-Islamization parties.
Europe is facing some tough choices, too long put off, about its immigration policies and how they will impact Europe's political future. Will Europe's cities become Islamicized and start sprouting "countries within countries" -- a return to the medieval practice of fragmented sovereignty and theocratic legal systems? Consider that Britain has now endorsed shari'a courts for civil and personal status cases, with the full force of of the state behind it, and you'll see that it's no hypothetical question.
Liberal journalist and historian Ian Buruma has recently written about how important it is to listen to voters' concerns about such issues. Such questions and concerns are generally ignored by Europe's elites, leaving voters frustrated and prone to vote for fringe parties as a protest.
And opposition to such developments hardly makes one a "fascist." The European Left has worked tirelessly to vilify anyone who questions or objects to its project of civilizational suicide. For the most part, the media slavishly parrots this line.... to see the rise of the Austrian right as a revival of Nazism would be a mistake. For one thing, neither [far-right] party is advocating violence, even if some of their rhetoric might inspire it. For another, it seems to me that voters backing these ... parties may be motivated less by ideology than by anxieties and resentments that are felt in many European countries, including ones with no Nazi tradition, such as the Netherlands and Denmark.In Denmark, the hard-right Danish People's Party is the third-largest party in the country, with 25 parliamentary seats. Dutch populists such as Rita Verdonk, or Geert Wilders, who is driven by a paranoid fear of "Islamization," are putting the traditional political elites -- a combination of liberals, social democrats and Christian democrats -- under severe pressure.
And this is precisely the point. The biggest resentment among supporters of the right-wing parties in Europe these days is reserved not so much for immigrants as for political elites that, in the opinion of many, have been governing for too long in cozy coalitions, which appear to exist chiefly to protect vested interests. In Austria, even liberals admit that an endless succession of social democrat and Christian democrat governments has clogged the arteries of the political system. It has been difficult for smaller parties to penetrate what is seen as a bastion of political privilege. The same is true in the Netherlands, which has been governed for decades by the same middle-of-the-road parties, led by benevolent but rather paternalistic figures whose views about multiculturalism, tolerance and Europe were, until recently, rarely challenged.
Actually, European parties of the democratic Right are easy to identify and distinguish from fascist parties. The distinctive characteristics of historical fascism -- a closed society and economic system; extreme forms of chauvinism, bordering on racism; contempt for democratic politics and worship of violence and violent leaders -- are less relevant today than certain other hot-button issues.
The most obvious are antisemitism and attitudes toward Israel. Even more important is the question, how do the local Jewish community and Israeli embassy feel about the party in question? Answers to such questions are strongly correlated with deeper attitudes: What is the party's attitude toward political democracy? How does it feel about Islamification, as a social phenomenon? As a political-legal phenomenon? Specific questions better illuminate the issue: Are they hostile to the Bosnian Muslims persecuted by the Serbs? If so, what is the nature of their hostility?
An even easier way to make the distinction is to ask, which European figures of the recent past do they admire and mimic? Does the list include conservative, democratically-oriented figures like Churchill, De Gaulle, Adenauer, Thatcher, or the last Pope? Or is the list populated with names like Mussolini, Hitler, Antonescu, Milosevic, or Le Pen?
On a very relevant, hot-button issue, the far-right, quasi-Nazi parties of Europe have been quietly shifting toward support of radical Islam, in spite of their anti-immigrant rhetoric. Austria's Freedom Party, for example, is strongly opposed to the combined American-European attempt to stop Iran from getting nuclear weapons.
Asking the right questions and not fudging the answers are all that is needed to sort this issue out.
(Read this post from earlier this year about the Islamicization debate. See here and here for related posts from last year.)
Wednesday, October 15, 2008
McCain did a great job tonight. Where was this the last two debates?
He started to run out of steam a bit toward the end, but his "If you wanted to run against George Bush you should have run for President four years ago" line was definitely a moment, as was the entire exchange on negative advertising and Supreme Court justices.
The previous two debates I watched on CNN hi-def where you have pundits keeping score cards in the sides of the screen, and a moving reaction graph of "undecided Ohio voters" scrolling along the bottom. Trust me, that and the opinions of the panel of boobs they have on afterward ought to be banned by the FDA as a brain-damage danger.
Tonight I watched most of the debate on regular normal def without all that extra crap until the final 20 minutes or so (had to change TV's) when I realized how much I hated it.
Oh, I sure hope McCain spoke to "Joe" and made sure he was on board before using his name so much. Otherwise things could prove embarrassing...
How much "new evidence" do we need exactly? at CNN:
The United States has new intelligence indicating Iran is reorganizing in an effort to assert its influence inside Iraq and may be behind several recent attacks, according to a senior U.S. official who spoke with CNN Monday.
The information underscores a view by Gen. David Petraeus, who assumes command of U.S. Central Command later this month, and Gen. Raymond Odierno that progress in Iraq remains fragile and that it is too soon for a major additional U.S. troop drawdown.
The senior official, who asked to remain anonymous because of the sensitivity of the intelligence, said the U.S. military had recently arrested an Iraqi general who says he was paid by Iran to derail a pending agreement that would allow U.S. troops to remain in Iraq after the end of the year.
The general was arrested a few weeks ago at the Iranian border carrying large sums of cash, according to the source. The man has known ties to the Iranian Revolutionary Guard Corps (IRGC), the U.S. official said.
The United States believes the IRGC has ties to terrorist operations and Iran's programs to develop chemical and biological weapons...
It's OK, Barack will sit down with the Iranians and explain how causing trouble in Iraq isn't really in their interests. They'll back right off.
From the Republican Jewish Coalition:
"It has come to our attention that the Obama campaign has instituted a new policy of not debating representatives of the RJC at community candidates' forums. Forum organizers are being asked to provide surrogates not from the RJC. Temple Sinai, in suburban Philadelphia, was told that Obama surrogate state Rep. Josh Shapiro would not participate with RJC Philadelphia Director Scott Feigelstein. The synagogue was instructed to find someone else. This is not the first time the Obama campaign has made such a demand of Jewish forum organizers. We find it a curious paradox that Obama would engage Iranian President Mahmoud Ahmadenijad without preconditions, but the Obama campaign will not engage the RJC," said Brooks. "Given how troubling Senator Obama's record is on Israel, I guess he's afraid to have a fair debate."
Tuesday, October 14, 2008
Great series at The Big Picture.
Having trouble keeping up with all the theories? Take a few minutes and watch this must-watch video. It explains much:
[h/t: Seva]
[This post continues the series of excerpts from John Roy Carlson's 1951 work, Cairo to Damascus (link to in-print paperback). All posts in the series will be collected on this page.]
pp. 390-392:
I AWOKE with a start: it was early dawn. As I looked at my watch, I heard the familiar roar of crashing bombs and the whirring of motors. Surely not in Damascus, one hundred and fifty miles from the battle zone! Through the window I saw a low flying plane about a half mile away, silhouetted faintly against the sun along the rim of the mountains fencing Damascus on the south. A small metallic object dropped from its belly; a powerful cloud of dust and timbers shot into the air. I became aware of two planes, not one. The one at my left was dropping bombs while moving toward the open desert, followed by the other...Hastily I dug out my camera, and from my window photographed history in the making -- the first Jewish bombing of Damascus -- catching two sets of dust clouds above the wreckage.
Ten minutes after the planes -- four-engine American bombers -- had disappeared into the desert, anti-aircraft guns shook the waking city. Shouting police halted traffic, shoved pedestrians into doorways, and helped spread panic, long after the planes had vanished...
...It was noon when I ventured out, heading in the direction of the Parliament, which obviously had been the target...Near by I saw a policeman guarding what seemed to be a garbage can. I went over to him, curious.
"This is an unexploded Jewish bomb!" he explained.
The bomb was, in fact, a garbage can, probably filled with scrap metal and dynamite and its lid soldered down. I saw no fuse. I had no idea what detonated these homemade affairs. I knew what I had seen: the ashcans hurtling to the ground became lethal block-busters when they struck. It occurred to me suddenly that this "dud" might well be a time bomb. I had no means of telling this to the policeman, so I got quickly away from there.
Psychologically, this terror raid by the Jews on Damascus had a more devasdtating effect than that on Amman. It have an entirely exaggerated view of Israel's strength. It cowed the Syrians, who had been given the impression they were winning decisively in Palestine. Had not their touted chieftain, Fawzy Bey el Kawoukjy, with a home in Damascus, proclaimed his personal victories? Arabs in the street couldn't get over the fact that the once lowly Jew -- four thousand of whom were cooped up in their Damascus ghetto, afraid to venture out -- had used four-engine bombers!
Here are two must-reads on the federally-funded, Democratic professional voter-fraud racket group, ACORN. First, from the Wall Street Journal: Obama and ACORN - Community organizers, phony voters, and your tax dollars:
...the organization's real genius is getting American taxpayers to foot the bill. According to a 2006 report from the Employment Policies Institute (EPI), Acorn has been on the federal take since 1977. For instance, Acorn's American Institute for Social Justice claimed $240,000 in tax money between fiscal years 2002 and 2003. Its American Environmental Justice Project received 100% of its revenue from government grants in the same years. EPI estimates the Acorn Housing Corporation alone received some $16 million in federal dollars from 1997-2007. Only recently, Democrats tried and failed to stuff an "affordable housing" provision into the $700 billion bank rescue package that would have let politicians give even more to Acorn.
All this money gives Acorn the ability to pursue its other great hobby: electing liberals. Acorn is spending $16 million this year to register new Democrats and is already boasting it has put 1.3 million new voters on the rolls. The big question is how many of these registrations are real...
...Which brings us to Mr. Obama, who got his start as a Chicago "community organizer" at Acorn's side. In 1992 he led voter registration efforts as the director of Project Vote, which included Acorn. This past November, he lauded Acorn's leaders for being "smack dab in the middle" of that effort. Mr. Obama also served as a lawyer for Acorn in 1995, in a case against Illinois to increase access to the polls.
During his tenure on the board of Chicago's Woods Fund, that body funneled more than $200,000 to Acorn. More recently, the Obama campaign paid $832,000 to an Acorn affiliate. The campaign initially told the Federal Election Commission this money was for "staging, sound, lighting." It later admitted the cash was to get out the vote...
Second, at Pajamas Media: The Complete Guide to ACORN Voter Fraud - They register dead people. But that's not all
...Further igniting the voter fraud/voter registration debate was the news that a national community organizing group is being investigated in at least 14 states and several swing states for massive irregularities. This news would make headlines anyway, but what made it worse was that Barack Obama was a key player in this organization, the Association of Community Organizations for Reform Now, in the past. Obama trained its local leaders, represented the organization in court, and worked to funnel funds to the organization. The Obama campaign also donated $800,000 this year to an ACORN affiliate...
Both pieces are essential reading, and worth remembering when election season is over.
Columbia University and an Edward Said Conference. Societal failure as an academic way of life.
While not a big fan, the career of Senator Trent Lott was ended because he had the audacity to praise an aging Strom Thurmond at a retirement dinner. The career of Senator George Allen was ended because he uttered one word, macaca - and is rumored to have had a Confederate Flag in his room at college.
Yet, as the edited video below makes clear, the same ideology that demanded those results have nominated a man who praised and embraced a vile racist for twenty years because it worked to his political advantage back in Chicago. Barack Obama knew precisely what was going on in his church and others within Chicago's black community. He's praised such churches for their ability to "fire people up" in the past...
More.
Two Simon Wiesenthal Center officials write about the shameful appeasement we've seen of late. Interesting that the Wiesenthal Center folks used to have to search for Nazis, now the Nazis address the UN: COOPER and ADLERSTEIN: A modern-day Hitler - Ahmadinejad targets Jews
...Some analysis of recent events and an anniversary of a pivotal moment in history can help clarify the fine line between dialogue and appeasement. By any yardstick, Iranian President Mahmoud Ahmadinejad's trip to New York last month was a triumph for Ayatollah Khamenei and a debacle for the cause of human rights in Iran. At the rostrum of the U.N. General Assembly, President Miguel d'Escoto Brockmann gave Mr. Ahmadinejad a public embrace usually reserved for a Nobel Prize laureate, not for the president of a country under heavy U.N.-led sanctions. His speech also generated warm applause from scores of ambassadors in the hall. But did anyone actually read his lips?
Mr. Ahmadinejad might as well have been reading from the genocidal "Protocols of the Elders of Zion." It was the Jew-hater's valedictory address. Having already threatened to wipe Israel off the map, Mr. Ahmadinejad graduated to the next level of hatemongering. Deploying rhetoric not heard in the international arena since the days of Hitler and using imagery usually reserved for the rants of the KKK and neo-Nazis, he came after all Jews. In the midst of the unprecedented global economic meltdown, Mr. Ahmadinejad pointed to a network of "Zionists" and their lackeys as scheming, "materialistic" villains responsible for the world's ills.
The mullahs must have taken smug satisfaction that their frontman paid no price for his tirade. No one stormed out of the General Assembly. American interviewers let him evade the tough questions, surrendering to his clever retorts by presenting the warm, human side of the person who recently pushed for the death penalty for Muslim converts to Christianity. And respected religious leaders, including the representatives of 550 million Protestants from the World Council of Churches, still lined up for a gala evening with Mr. Ahmadinejad. Hailed by the Mennonite and Quaker organizers as "the dialogue dinner," the only dialogue available to the distinguished leaders was with the waiters. Despite his earlier promises, Mr. Ahmadinejad took no questions. Instead he spoke, feasted on the propaganda bonanza, and departed...
[h/t: Tom Glennon]
Amir Taheri reports on what Jesse Jackson has to say about Barack. Don't say you weren't warned: The O Jesse Knows
PREPARE for a new America: That's the message that the Rev. Jesse Jackson conveyed to participants in the first World Policy Forum, held at this French lakeside resort last week.
He promised "fundamental changes" in US foreign policy - saying America must "heal wounds" it has caused to other nations, revive its alliances and apologize for the "arrogance of the Bush administration."
The most important change would occur in the Middle East, where "decades of putting Israel's interests first" would end.
Jackson believes that, although "Zionists who have controlled American policy for decades" remain strong, they'll lose a great deal of their clout when Barack Obama enters the White House.
"Obama is about change,"...
Oh goodie! Change! Oh, and about Iraq, you know, that effort that Obama has never missed a moment to denounce and trash? Well...
What of Obama's promise to withdraw by 2010? Jackson believes that position will have to evolve, reflecting "realities on the ground."
"We should work with our allies in Iraq to consolidate democratic institutions there," he says. "We must help the people of Iraq decide and shape their future in accordance with their own culture and faith."...
Now, of course, this isn't Obama saying this, it's the Reverend Jesse, but there's nothing so unexpected in any of this to anyone paying attention. The Israel/Zionism stuff is certainly likely, as to what happens in Iraq, that's anyone's guess, but the Democrat's undermining of our efforts there and then going along when it comes time to decide has been a disgrace since the invasion.
Monday, October 13, 2008
Knowing that a Security Council resolution against Iran would never get past Russia and China, the US and the EU are discussing putting together a new coalition of the willing: US and EU plan Iran sanctions
The US and its allies are discussing a "coalition of the willing" that would impose sanctions on Iran's energy and financial sectors without United Nations backing as concerns increase about Tehran's accelerating nuclear programme and a possible Israeli military response.
A foreign policy adviser to Barack Obama, the Democratic presidential nominee, recently helped to write a re-port that warned: "The Europeans make war more likely if they do not strengthen sanctions against Iran."
The September report was produced by the Bipartisan Policy Center, a Washington-based think-tank, with the co-operation of Dennis Ross, perhaps Mr Obama's most influential adviser on the Middle East. While backing an intensive diplomatic effort, it calls for immediate military steps to deal with Iran, such as "pre-positioning additional US and allied forces, deploying additional aircraft carrier battle groups and minesweepers [and] emplacing other war mat-eriel in the [Gulf] region"...
Oh, so an Obama adviser "get's it" on Iran? So Obama must be OK then...not. If it were true that Obama was OK on the issue of Iran, then his rhetoric would be more realistic on the matter of diplomacy with enemies and the utility of the UN. He's not, and he hasn't been. His entire rhetorical approach has been to disparage the people who do "get it," and his leadership does nothing more than undermine decent policies. Dennis Ross, to the extent he represents such policies has tied himself to a candidate that undermines him and pulls the political rug out from under him. Eventually he'd be impotent and on the outs.
KGS of Tundra Tabloids recently attended a talk by Organization of the Islamic Conference Secretary Ekmeleddin Ihsanoglu and confronted him over freedom of speech and Islamism. His report, including video of the secretary's rambling response is here: OIC Sec-Gen Ekmeleddin Ihsanoglu: Islamism, What Islamism......?
Unbelievable: AJC Calls on Publisher to Retract Zionism Chapter in Encyclopedia.
Z-Word has the definitive post on the subject: Macmillan USA Encyclopedia Damns Zionism as Racism
Noel Ignatiev is one the last people you would expect to be authoring an entry on Zionism for an encyclopedia published under a well-known, trusted imprint. But open Volume 3 of the "Encyclopedia of Race and Racism," which carries the names of both Macmillan Reference USA (now owned by the Michigan-based Gale, Cengage Learning company) and the Macmillan Social Science Library, and you will see that he has done just that [link is to PDF of encyclopedia entry]...
It's not like they couldn't have known who Ignatiev was, and the controversies he's been involved in, including calling for the "abolition of the white race", and threats to sue anyone calling him an antisemite. In fact, his antisemitism appears to be his sole qualification for writing the entry. If you read the entry in the PDF, you'll see what transparent garbage it is.
Read the Z-Word entry. That Macmillan would give credibility to such a person, and then be unable or unwilling to admit a mistake is shocking.
Big Media is pushing the narrative that the crowds at John McCain's rallies are angry and getting angrier as a final act of desperation. But that is not why McCain rally attendees are angry.
The anger displayed at the McCain rallies is the same anger and for the same reason that could be seen at Hillary rallies during the primaries. Recall that pedestrian statements by Bill Clinton were labeled "racist" and Bill Clinton himself was attacked as a "racist".
The anger comes from the blatant display of Big Media bias in favor of Obama. The anger comes from the shouts of "racist" at any criticism of Obama. The anger comes from the many unanswered and often simply unasked questions about Barack Obama. The anger comes because voters are aware of the Obama/Big Media bamboozlement and protection and voters expect John McCain, as in any political campaign, to raise the questions and demand the answers regardless of Obama/Big Media/Dimocrats false charges...
...McCain's "Angry Crowds" are angry because there are so many unanswered and even unasked questions about Barack Obama and because in many cases Obama/Big Media attack when the possibility merely arises that questions might be raised...
Oh my. This should be interesting. Talk about walking into the lion's den. Multiple video-cameras, please. Lee Kaplan emails:
Walid Shoebat and Kamal Saleem will be speaking at UC Berkeley on Wed. October 29th at Wheeler Hall at 7:15 pm. Doors open at 6:45 pm and tickets are free on a first come first served basis. Limited advance tickets are available by emailing me at leekaplan@dafka.org
Shoebat and Saleem are both former PLO terrorists who left the PLO and have become peace activists who support America and Israel in the War on Terror. Both men have appeared at all major campuses in the USA and were recently recommended by the FBI to speak on terrorism to the United States Marine Corps Academy.
UC Berkeley is an important venue as it is the starting campus for the boycott campaign against Israel and has a large MSA and Students for Justice in Palestine chapter.
Some siege. The tunnel workers are being regulated, including minimum age, wage and hour restrictions: Gaza's shopping heaven
...Rub your eyes in disbelief in the face of the economic boom taking place in tunnel city: Stock markets are crashing and the world is facing a crisis, yet in Gaza 500 supermarkets flourish. A mega-store underground. Each tunnel has a manager, smuggler, diggers who travel from one site to another, merchants, intermediaries, a driver, and customers who provide a shopping list. If you ask for something today, you'll get it two days from now.
They dig at night and pull out the merchandize during the day. Hamas charges a $200-dollar fee per bag. They smuggle very few weapons (no need, they have too much as it is.) Drugs and alcohol are also rarely smuggled, for fear of Hamas' watchful eye. They do smuggle plenty of computers and cellular phones, jeans, sneakers, cement, furniture, medicine, food, and mostly chocolate.
The record took place two weeks ago: An Egyptian bride who got sick and tired of waiting at the Rafah border crossing passed through one of the tunnels. The "boss" was generous and only demanded $150 for the "goods." Meanwhile, Hamas forfeited the tunnel tax that was supposed to be paid by the groom's family and rushed to inform the media about it.
Overnight, Gaza's tunnels were connected to the local electricity grid. Welcome to the ungrounded Palestinian mall system. If you walk into the living room, you will see a smuggler carrying a pile of laptops. If you visit the Egyptian Rafah, you will see a bag containing jeans and canned goods behind lowered into the backyard. Yesterday, a new glasses boutique was opened. Prada and Gucci frames arrived all the way from the Dubai, and prices are sky-high.
Now, top Hamas leaders in Gaza are formulating new rules for this game. Boys below 18 years of age must not be used for digging tunnels. Those who are caught violating this regulation will be fined. Moreover, smugglers must not be employed more than 10 consecutive hours. Minimum wage will be introduced. Should a tunnel collapse, the tunnel manager will pay compensation to the victim's family. The exact sum is open for bargaining between attorneys and tunnel managers...
Sunday, October 12, 2008
Ross Duthat has an interesting piece in today's Washington Post about the origins of America's romantic obsession with home-owning. He picks an interesting culprit, one George Bailey -- yes, that one -- and traces the consequences in our tax code, public subsidies, zoning laws, transportation systems, and much else. Real estate is undoubtedly our true religion.
But I don't agree with his conclusions. He seems to think oil will remain at $140 a barrel, while the new deflation means oil will actually continue to drop in its dollar price -- it's already virtually half its peak price now. And there's no evidence that mass transit or other "new urbanism" is affordable or even desired by most Americans. (See here for California's breathtaking rail boondoggle, for which the state wants federal help and which it should absolutely not get.) And until the 1990s, the federal agencies for helping people buy houses (the VHA and FHA) acted in a conservative way. They were regular government agencies, founded by people who lived through the Depression and largely insulated from direct Congressional pressure, that also did not lobby Congress in turn -- very different from the quasi-private but government-backed patronage-graft extravaganzas of Fannie and Freddie.
What will result instead is probably a more sensible version of the automotive-suburban dream: more hybrid and other efficient cars (we had more efficient cars in the 80s!), smaller houses, and more compact development. Nor is so-called "sprawl" unique to America: it's increasingly common in other countries too, like France (see here). The "new urbanism" is largely a reactionary, elite fantasy.
The debt-based consumption excess of the last 15 years is really a generational tale, of Boomers and their kids gone wild. They treat what their parents and grandparents viewed correctly as a dream requiring hard work and good choices as a mindless and easy entitlement.
Saturday, October 11, 2008
PRE-POSTSCRIPT: Christopher Caldwell has an excellent article in the London Financial Times setting straight the political reality of this crisis: "pragmatism" not only doesn't work, it's precisely what got us into the crisis to start with. "Ideologues" are supposed to be bad, mean people who block "pragmatism"; in fact, they block politically gratifying but false solutions that just cause more problems down the road. It's too bad there weren't more -- many more -- "ideologues" standing in the way of government-sponsored subprime mortgages. There should also have been more "ideologues" (meaning, people who actually know something) more insistent on deflecting the push for a rescue in a more helpful direction.
The incoherent response of the US and other governments is also a case of "pragmatism": myopic reaction, shaped by panic, and not calming down and thinking it through. The economic knowledge to thread governments and markets through this mess is available in abundance. But politicians, journalists, and others in the chattering classes often don't want to hear it.
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After a busy week, a few brief items to post.
Anyone paying attention to the financial crisis is aware of the role of subprime mortgages and their sponsorship by Fannie Mae and Freddie Mac. They form the weakest part of the mortgage market, so it's no surprise that the crisis hit there first, then spread.
But why the rest of the housing market? It's because of the powerful collective delusion shared by banks, credit markets, the public at large, and the regulators themselves that housing prices would "have to" keep going up forever at eight or 10 per cent a year. This misperception is a textbook case of "bubble" psychology. In an undistorted market, lenders, home buyers, and everyone else, would have perceived risk more realistically and acted accordingly. Subprime mortgages would still have happened, but at a lower volume and higher interest rates.
This misperception played a crucial role in the subprime mortgage fiasco....
From a few days ago, but worth noting nonetheless: FBI: CAIR is a front group, and Holy Land Foundation tapped Hamas clerics for fundraisers
The FBI took a new slap at the Council on American-Islamic Relations today at the Holy Land Foundation terrorism financing trial.
FBI Special Agent Lara Burns was going over more transcripts from the Philadelphia meeting -- the 1993 gathering of Holy Land officials and Hamas sympathizers that the government contends was meant to brainstorm ways to downplay the Foundation's extremist ties -- when talk turned to a passage from defendant Shukri Abu Baker.
He is quoted on the wiretap transcript talking about how it would be beneficial to have more traditional, secular American organizations to help spread the Islamist message.
He and others envisioned an "alternative" organization "which can benefit from a new atmosphere, one whose Islamic hue is not very conspicuous," he said according to the transcript.
Prosecutor Barry Jonas asked Burns whether any groups formed after the Philadelphia gathering fit this mold. "CAIR," she said.
CAIR is one of about 300 unindicted co-conspirators in the Holy Land case, and testimony has shown that its founder, Omar Ahmad, and current executive director, Nihad Awad, both participated in the Philadelphia meeting...
Below are a number of photos sent to me of Arabs rioting in Acre (Akko), Israel. The event itself is ably commented upon by Meryl here and here:
Continue reading "Riots in Acre -- Photos"Friday, October 10, 2008
A FISH swam the wrong way when it leapt upstream into a boy's PENIS and ended up in his BLADDER.
The 2cm daredevil caused all kinds of medical problems when it swam through the teenager's urethra.
The unfortunate lad was taken to hospital with complaints of pain, dribbling urine and acute urinary retention.
He claimed the fish slipped into his penis while he was cleaning his aquarium at home in India.
Professor Vezhaventhan and Professor Jeyaraman, who treated the boy and later wrote a paper on the case, said: "While he was cleaning the fish tank in his house, he was holding a fish in his hand and went to the toilet for passing urine.
"When he was passing urine, the fish slipped from his hand and entered his URETHRA and then he developed all these symptoms."
After finding the fish in the boy's BLADDER, the medics insert a special set of forceps down the patient's penis in a technique known as cystourethroscopy.
But the fish was too slippery, so the professors used a rigid ureteroscope with a tool attached - normally used for removing bladder stones.
The fish, which is thought to be a small member of the Betta genus, measured 2cm long and 1.5cm wide.
The patient was later offered counselling.
[h/t: Stavis]
Michael Totten describes a "frozen conflict":
Thursday, October 9, 2008
For academics...1854 signatures as I write "to support our friend and colleague"...Joel Pollak notes the presence of at least one member of the faculty of Harvard Law:
...One of the signatories is Professor Jacqueline Bhabha of Harvard Law School, Obama's alma mater and my own school. Prof. Bhabha is Executive Director of the Harvard University Committee on Human Rights Studies and teaches human rights law.
An international human rights scholar supports an unrepentant terrorist. Why am I not surprised?
[This post continues the series of excerpts from John Roy Carlson's 1951 work, Cairo to Damascus (link to in-print paperback). All posts in the series will be collected on this page.]
pp. 388-389:
"...Those who say 'speak the truth' are the first liars of Damascus. Those who say 'keep pure' are the first to go to bad women...The men here are hungry for women," he went on earnestly. "I myself would like to meet one. But it is very difficult to meet one when she wears a veil: she is afraid to speak to a stranger. It is haram. It is not pure, and she can be punished for it. And every woman is hungry for man. When I see a woman my eyes say: 'I am dying to meet you.' And the girl shows the same picture in her face, but I don't dare speak to her, and she does not dare speak to me...Damascus is a small city. There are no secrets. When I see a man talking to a strange woman, I tell my friends: 'I saw this man talking with this woman ion secret.'"
"Why do you bother to do that?" I asked, curiously.
"Because I am hungry for the woman myself. I am proud to talk against her before my friends. I am hungry, very hungry, and because I cannot have her I do not want them to have her for themselves."
"But they may be talking innocently. Why condemn them both?"
"It is true they may not speak evil the first time. But they will meet again. No man would want to marry a woman who had been touched by another. I would not marry such a girl. Therefore I tell my friends that I saw such a girl talking to such a stranger to warn them against marrying the girl."
The Moslem code of perverted morality is so sever that hand-holding among teen-agers on the street or in the movies is frowned upon. It would be unthinkable for an Arab to be seen walking with his arm around a lady's waist. Innocent kissing in public would instantly land both parties in jail, charged with gross immorality. On the other hand, no odium and no penalties are attached to similar homosexual demonstrations in public.
"Do you think this code of relationship between men and women is normal?" I asked.
"No, it is not normal. It is wrong. But it is custom. The young men here try to change the custom, but the old ones are against every new thing. They say: 'We were raised without these pleasures. Why should we allow you to have them?"...
Daniel Pipes tries to take a count:
...an explanation of what I meant by Muslims who "support militant Islam": these are Islamists, individuals who seek a totalistic, worldwide application of Islamic law, the Shari'a. In particular, they seek to build an Islamic state in Turkey, replace Israel with an Islamic state and the U.S. constitution with the Koran.
As with any attitudinal estimate, however, several factors impede approximating the percentage of Islamists.
- How much fervor: Gallup polled over 50,000 Muslims across 10 countries and found that, if one defines radicals as those who deemed the 9/11 attacks "completely justified," their number constitutes about 7 percent of the total population. But if one includes Muslims who considered the attacks "largely justified," their ranks jump to 13.5 percent. Adding those who deemed the attacks "somewhat justified" boosts the number of radicals to 36.6 percent. Which figure should one adopt?...
The glass half empty/half full conclusion:
...Negatively, 10-15 percent suggests that Islamists number about 150 million out of a billion plus Muslims - more than all the fascists and communists who ever lived. Positively, it implies that most Muslims can be swayed against Islamist totalitarianism.
In response to Ian Buruma's Europe's far-right revival isn't Nazism:
The test of whether a political group is worth supporting shouldn't rely on whether they're 'right' or 'left', pro-Islam or anti Islam.
If the political party or group:
1. Alarms local Jews
2. Alarms the Israeli government
3. Opposes sanctions against and seeks to ally with Islamist regimes like Iran.
4. Seeks to deport or restrict the rights of citizens based, not on the crimes they may have committed or on their alliances with terrorist regimes, but instead based on race, sex, religion or ideological purity...
..then they are probably not worth supporting. The Austrian FPO fits 1-3.
Wednesday, October 8, 2008
I thought this idea was cool when news about it came out last year.
Now the creators of green jellyfish protein have won a Nobel Prize. Congratulations Osamu Shimomura of the Woods Hole Marine Biological Laboratory in Massachusetts, Martin Chalfie of Columbia University and Roger Tsien of the University of California, San Diego,
Tuesday, October 7, 2008
How cash-strapped is Hamas? Hamas is so strapped for cash that...
Documents seized during Israeli army raids on Hamas offices and Islamic charities linked to the terror group over the past year show that Hamas has been taking in so much money from abroad that it is now funding Israeli Arab Islamic groups.
Hamas has for years been partially funded by Israeli Arab groups such as the Islamic Movement, but with the Palestinian terror group so successfully raising funds across the Muslim world following its seizing of the Gaza Strip, the direction of cash flow has begun to shift.
Israeli officials who have analyzed the documents told Ha'aretz that Israeli Arab organizations and even municipalities have been requesting funds from Hamas to build mosques and community centers.
The phenomenon raises concerns that in return for its financial aid, Hamas will require Israeli Arabs to sharply increase terrorist activity against their Jewish countrymen.
See link for the video. Too much for a quote, but watching these videos is truly like stepping into a time machine.
Why did dot com venture capitalists invest money in companies that had no clear plans to make a profit? Why did banks and homebuyers assume that real estate prices would continue to increase ad infinitum? Why do people believe that you can lose weight without eating less or exercising? Why do fools rush in where angels fear to tread?
Megan McArdle explains it all..
Monday, October 6, 2008
The Islamic Society of Boston's favorite pitch-man, Sheik Yousuf Al-Qaradhawi (Qaradawi) displays why the conflict between Israel and the Arabs is not and never has been simply a territorial conflict. Some Muslims simply will never accept the idea of non-Muslim sovereignty on what they consider the House of Islam.
Following are excerpts from a sermon by Sheik Yousef Al-Qaradhawi, former dean of Islamic law at Qatar University, which aired on Al-Jazeera TV on September 5, 2008.
Sheik Yousef Al-Qaradhawi : People are plagued by epidemics, they are stricken by tragedies, they are ruled by their enemies, they are defeated by [those who should be] the losers, they are treated with impudence by the cowards, and they are confronted with the insolence of the wretched, just as we see in the case of our nation in these times. The Jews, who were stricken with humiliation and misery, "thou shall surely find them to be the most covetous of life of all people." Those cowards have begun to tyrannize the Muslims, to rule the Muslims, and to do whatever they like in the land of the Muslims. Is there a catastrophe greater than this?
Sunday, October 5, 2008
PHOTO OF THE YEAR: I love this picture, taken at the Capitol Friday, just after the bailout passed.
Pelosi hasn't the slightest clue what just transpired. Hoyer's distracted smile suggests he knows something bad is going down, but he can't put his finger on it. Only Emanuel's glum look indicates someone who gets it.
I don't know about all those bloggers who post every few hours, but I've virtually run out of things to say about the financial crisis.
I'm not happy with some of the conservative talk radio types denouncing businesses for running on short-term credit as a form of money. Modern business activity couldn't proceed at the level it does, accomplish what it accomplishes, and employ the people it employees, on a cash-only basis. Long ago (in the 19th century, actually), capitalism outgrew the cash-only system, just as it eventually outgrew the gold standard. Businesses, consumers, and governments make extensive use of short-term credit because spending and income don't always match at every instant in time. Short-term credit is a way to shift money flows so that it does all balance out. The Federal Reserve counts cash and cash equivalents as basic forms of money (M1). But short-term credit functions as money as well and gets added to form M2. It walks and quacks like a duck. Thus, it's a duck.
Sometimes it strikes me that certain conservatives, unfettered, would abolish fractional reserve banking and credit-as-money, thinking that they're just some slick phony-baloney. I wonder if they think a modern economy could function that way.
OTOH it has been impressive to see economists, especially younger ones, publicly denouncing the bailout. Part of the opposition is prompted by the bailout's being embarnacled with "sweeteners"; i.e., bribes to get the Congress-critters to pass it. But the opposition also has an intrinsic economic basis: the government shouldn't be pledging taxpayer money to buy up assets with declining prices, when we don't yet have a good sense of what their real prices are.
Most economists -- excluding economists opposed outright to any rescue -- have pushed "recapitalization": essentially, some way of tiding over lenders, equivalent to my pet proposed series of ad hoc, strings-attached, short-term loans.* But it's vital to decouple steadying the credit markets and falling asset prices, precisely so that the asset shakeout can proceed without threatening the financial system. To reiterate: the credit crunch has to be dealt with first.
The larger tidying up, with its lessons about moral hazard and its punishment of the innocent and rewarding of the guilty, will take a few years. The government shouldn't be in the business of buying up and reselling distressed assets, except as part of larger post-bankruptcy settlements. Once an economic actor is bankrupt, it's out of the game, so to speak, and the risk of open-ended commitments and market distortions is much lower.
POSTSCRIPT: Some of the biggest doomer-gloomers (like our friend Fabius Maximus) have been pushing the "end of the American era" as a result of this crisis. But the dollar's rise belies such talk. Related crises are happening in Europe and Asia, and they are in some ways worse than ours.
That's also why investment banking, as practiced on Wall Street until recently, won't be decamping to London or Hong Kong. It really is dead.
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* I was probably too harsh on Krugman for pushing "recapitalization." It's the right idea, but banks and other lenders will eventually have to do something about the mismatch between falling housing prices and yesteryear's mortgages. The credit crunch can't wait for that resolution.
Saturday, October 4, 2008
What ever happened to a sense of propriety, common sense, responsibility, and basic appropriateness? In New York, School teachers are insisting upon their "right" to bring politics into the classroom. The only thing worse than the individual teachers is the despicable Teachers' Union that distributed the buttons:
The teachers union has been handing out thousands of Barack Obama campaign buttons to its members, sparking a clampdown by education brass.
The Department of Education - which has a long-standing policy barring teachers from wearing campaign buttons in schools - is set to send out an e-mail this week from Schools Chancellor Joel Klein laying down the law.
"Schools are not a place for politics and not a place for staff to wear political buttons," said department spokeswoman Ann Forte...
...United Federation of Teachers official LeRoy Barr told his members in a recent e-mail that union chief Randi Weingarten is fighting the DOE decision.
Officials of the union - which has endorsed Obama - said they didn't know of any schools where button-wearing teachers were told to zip it, but they said they were exploring the matter "to ensure members' rights to free speech and expression."
While department officials said the courts are on their side in the matter, many city teachers say their right to wear partisan buttons is a matter of free speech.
Several cited a landmark 1969 Supreme Court ruling involving students who planned to wear black armbands in protest of the Vietnam War. It affirmed that constitutional rights don't get dropped "at the schoolhouse gate." [For STUDENTS you idiots.]
"It's not teaching kids to vote for Obama; rather, it's showing them the democratic process in action," said Patrick Compton, a social-studies teacher at Lafayette HS in Brooklyn, who said he has been wearing an Obama button handed out by the union.
"It is shocking to me, truly, that in this day and age, the school system wants to diminish, rather than increase, participation in our democratic system."
What a classically narcissistic response so typical of the modern age. Free speech means I'm free to do anything without regard to any circumstance or the presence of anyone else. Slap 'em hard.
[h/t: Eric D]
The saga of one of the 'immigration imams', Muhammad Masood, is about to come to an end: Mass. imam admits immigration fraud, will leave US
A local imam who pleaded guilty to immigration fraud charges has been sentenced to probation and will leave the country.
Muhammad Masood, the former spiritual leader of the Islamic Center of New England's mosque in Sharon, was sentenced Thursday in federal court. Judge Douglas Woodlock agreed to sentence him to three years probation, following a joint recommendation from his defense attorney and prosecutors.
Masood's lawyer, Norman Zalkind, said Masood had faced deportation proceedings but reached an agreement with U.S. Immigration and Customs Enforcement to leave the United States on Friday and return to Pakistan.
Masood has lived in the U.S. for about 20 years. He admitted lying to immigration officials after he applied to become a permanent U.S. resident in 2002.
One more step along the road to making terror pay:
...U.S. District Judge George Daniels said the 2004 lawsuit on behalf of victims and their families can proceed toward trial. It seeks up to $3 billion in damages from attacks between January 2001 and February 2004.
Daniels rejected the PLO's argument that two machine-gun attacks and five bombings were acts of war. The Jerusalem-area attacks killed 33 people and wounded hundreds, including scores of U.S. citizens.
Daniels said the attacks targeted public places -- not military or government personnel or interests. Two bombings were on downtown streets; others occurred at a crowded bus stop, a cafeteria at the Hebrew University and a passenger-filled civilian bus.
The use of bombs in these circumstances indicates an intent "to cause far-reaching devastation upon the masses," the judge said, with a "merciless capability of indiscriminately killing and maiming untold numbers in heavily populated civilian areas."
Such attacks "upon non-combative civilians, who were allegedly simply going about their everyday lives, do not constitute acts of war," he said.
Daniels also said the violence meets the legal definition of "international terrorism."...
To be clear, these are certainly "acts of war," but not "acts in the legitimate conduct of war." The Palestinians should be grateful. What the PLO has done in their name deserves much worse than a lawsuit.
Elsewhere: JTA: Judge: Terrorism not 'act of war'
Jurist: US judge allows lawsuit against Palestinian groups to proceed
Let's not call them lies, let's call them errors or exaggerations made in the heat of a debate.
1. TAX VOTE: Biden said McCain voted "the exact same way" as Obama to increase taxes on Americans earning just $42,000, but McCain DID NOT VOTE THAT WAY.
2. AHMEDINIJAD MEETING: Joe Biden lied when he said that Barack Obama never said that he would sit down unconditionally with Mahmoud Ahmedinijad of Iran. Barack Obama did say specifically, and Joe Biden attacked him for it.
3. OFFSHORE OIL DRILLING: Biden said, "Drill we must." But Biden has opposed offshore drilling and even compared offshore drilling to "raping" the Outer Continental Shelf."
Friday, October 3, 2008
Following are excerpts from a sermon by Saudi cleric Muhammad Al-Arifi, which aired on Al-Aqsa TV on September 12, 2008.
Muhammad Al-Arifi: Studies conducted in Tel Aviv and in the Palestinian lands occupied by the Jews showed that they plant Gharqad tress around their homes, becase the Prophet Muhammad said that when the Muslims fight the Jews, each and every stone and tree will say: "Oh Muslim, oh servant of Allah, there is a Jew behind me, come and kill him." The only exception is the Gharqad tree, which is one of the trees of the Jews, and if they hide behind it, it will not reveal their presence. According to reports of people who went there and saw it with their own eyes, many Jews plant Gharqad tress around their homes, so that when the fighting begins, they can hide behind them. They are not man enough to stand and fight you.
Oh yeah, that's worked out well before. This guy talks like Israel is some secret land you have to sneak into at night and smuggle out the photos.
Earlier, we posted about the email sent by Boston CJP head Barry Shrage concerning the fiasco surrounding the visit of Ahmadinejad and the victory handed him by liberal Jews who put leftist politics over a non-nuclear Iran: Demanding a Full Accounting for Monday's Fiasco. Greg at JR Telegraph was not quite so impressed with Barry's position as I was: Barry Shrage Writes To His Community: "Me too!!!".
Barry has responded, and his response,and Greg's rejoinder, at worth checking out: Barry Shrage Responds To Jewish Russian Telegraph
The RJC's latest print ad highlights some of Barack's advisors (click for the full-size PDF):
MEMRI TV: Hamas MP: A Palestinian Who Kills One Jew Will Be Rewarded As If He Killed 30 Million
Following is an excerpt from a press conference held by Hamas MP Fathi Hammad, which aired on Al-Aqsa TV on September 7, 2008:
Fathi Hammad: The approaching victory, about which we are talking, is not limited to Palestine. You are creating the ethos of victory for all Arabs and Muslims, and Allah willing, even on the global level. Why? Beacause Allah has chosen you to fight the people he hates most - the Jews. Allah said: "You shall find the worst enemies of the believers to be the Jews and the polytheists." In other words, the Jews, who number 15 million all over the world, are equivalent to 4.5 billion infidels in their corruption and their struggle against the religion of Islam. Therefore, our heroic prisoneers who were arrested for killing Jews should know that by the grace of Allah, killing a single Jew is the same as killing 30 million Jews. Therefore, the reward of our martyrs is great, and your reward is also great.
Jackie Mason on Sarah Silverman's effort not to allow this election to become the disaster for Democrats (relatively speaking):
Thursday, October 2, 2008
If you want to understand things on an intellectual level, talk to Binah. If you want to understand things on a different level, listen to this guy:
Wednesday, October 1, 2008
PRE-POSTSCRIPT: Drowning in the firehose of commentary about the crisis and "bailout," I can only recommend my favorites, Instapundit (Glenn Reynolds) and Megan McArdle's joint. Reynolds' entries are terse but frequent; McArdle's less frequent and sometimes a bit long-winded (like I'm one to talk). Both have good links to other places. Megan has a funny screed against bad metaphors for the crisis here. Glenn correctly nudges people to use "rescue" instead of "bailout."*
An idea definitely worth supporting is replacing Pelosi and Reid as House Speaker and Senate leader, respectively. Both have been embarrassments to their party and country. Bush's popularity oscillates between 30 and 40%. This Congress' ratings have never been higher than low 20s and have sunk, at times, into single digits. With good reason, it's the most unpopular Congress since World War Two. Assuming the Democrats maintain control of the House (which they probably will, with a smaller majority), the best choice is Clintonista Rahm Emanuel. Politics makes strange bedfellows: weird as I feel typing these words, everyone's disgusted with Reid-elosi, and the Dems desperately need a counter to the cultish children's crusade that is their presidential campaign.
The credit market and housing debt crisis continues to gyrate. Strangely, it seems to have boosted the prospects of the party that bears much of the blame for it. Remember: government is now involved in backing about 40% of home mortgages.
While I would have voted for the bailout bill if no alternative were available, I completely understand the motives of the House members who voted against. They got an earful from their constituents and only weak pressure from the House leadership. It's essential to decouple the credit-liquidity crunch from the longer-term asset-decline problem. It's too early to seriously discuss responding to the latter. The former needs a response now.
Finance/economics blogger Fabius Maximus (F.M. from this point) recently published a fascinating and frightening look at American debt trends since World War Two. While his views are always loaded with doom and gloom, this argument is worth a look; he's backed it up with hard numbers ultimately based on what the Federal Reserve tracks. F.M.'s debt ratio charts show various categories of debt from 1952 until now, as a fraction of GDP. (The GDP is gross domestic product, the annual output of the American economy, the world's largest, at a little more than a quarter of the global total). I'll admit: my jaw dropped too.
Such high debt ratios are the deep fact now spooking credit markets and foreign investors, deeper than the immediate credit crisis or falling housing prices. No society can get into as much debt as we're in and not create a huge crisis of confidence among lenders. With no sign that the debt accumulation will stop, they've cut back their lending, even to the creditworthy. We've been lucky that this debt is denominated in our own currency, allowing the Fed to massage the money supply and keep credit crises at bay in the past. But, still, there is a limit. Evidently, we've reached it.
From these charts, both the numbers and their trends, we can draw some conclusions at some variance with received wisdom.
Government itself, far from being the main debt culprit, is the least. Its ratio reached an absolute peak in 1945 and has not approached it since.
A large federal debt does seem to be a permanent feature of modern America. The period of the 1960s and 1970s, when the federal debt ratio dropped, is misleading in one respect. In that era, government policy was to print money rather than borrow it. The tendency to borrow, established in the 1930s and 40s, returned in the 80s. OTOH, the effect of peace dividends is real: the drop of the federal debt ratio after World War Two and in the late 80s and early 90s reflects the end of one very large and another, less intensive, conflict. Both the 1950s and the 90s were periods of falling federal debt ratios, because the pressure to increase government spending had eased off. The period after 2000 was marked by a smaller, but still significant, surge in federal debt, mostly a result of the Republicans' new eagerness for big government.**
Business enterprises, both financial (banking and insurance, essentially) and non-financial, have developed a large leveraging habit, borrowing in good times -- during economic expansions -- and paying down in bad -- during and just after recessions. They learned to start doing this in the Great Inflation of the 1970s, because inflation makes debt attractive.
But the habit persisted long after high inflation ended in the 80s. The rationale for business debt is simple: borrow now, found or expand a business, and future profits will more than take care of it. While this "leveraging" generally works, it doesn't work consistently enough to prevent major debt crises from hitting poorly performing corporations at every recessionary downturn. It's a risky strategy with extravagant real payoffs, but frequent casualties as well.
Finally, Americans as consumers, individuals and households, have by far the biggest taste for debt -- an extraordinary taste for it, in fact -- much more than corporations and government.
The largest component of this debt consists of mortgages. But it also consists of credit cards, student and home equity loans, and all the rest. Almost 40% of this debt ratio's increase occurred just in the last 15 years or so.
Powerful institutional and social habits reinforce the preference for personal and household debt. Many of our institutions, both public and private, make debt look and feel very attractive. While bankruptcy was made more punitive a few years ago, lending standards have continued to drop (at least, until a few weeks ago). Inevitably, there will soon be a lot of people in a lot of financial pain and legal trouble. It was fine to make bankruptcy more punitive -- but only if borrowing itself had been made more difficult as well.
F.M.'s charts make me wonder something else. Rather than take on too much debt themselves, government (in relation to housing and higher education) and banks (in relation to credit cards, mortgages, and home equity loans) have instead encouraged ordinary people to take on debt, a lot of it. Preaching prudence and probity, but also enticing us with borrowing and spending, often ready to "juice" the economy with cheap credit, these are institutions at war with themselves, sending very mixed messages.
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* More accurately, Part I (credit crunch) is a "rescue"; Part II (falling house prices) is a "distressed asset collection and fire sale."
But, ah!, a cynical Ann Althouse smirks in the background :)
** An important feature F.M.'s charts is that his current federal debt totals about $6 trillion, not the $9 trillion you usually hear.
The reason is that he doesn't count $3 trillion in past Social Security and Medicare debt, which (as he rightly points out) merely consists of IOUs written by government to itself. It is not part of the federal debt held by bondholders. In any case, present entitlement costs are at this time paid for by present tax revenue. That will start to change in the next decade, however.
Michael Totten writes in Commentary:
Senator Barack Obama said something at the presidential debate last week that almost perfectly encapsulates the difference between his foreign policy and his opponent's: "Secretary of Defense Robert Gates himself acknowledges the war on terrorism started in Afghanistan and it needs to end there." I don't know if Obama paraphrased Gates correctly, but if so, they're both wrong.
If Afghanistan were miraculously transformed into the Switzerland of Central Asia, every last one of the Middle East's rogues gallery of terrorist groups would still exist. The ideology that spawned them would endure. Their grievances, such as they are, would not be salved. The political culture that produced them, and continues to produce more just like them, would hardly be scathed. Al Qaedism is the most radical wing of an extreme movement which was born in the Middle East and exists now in many parts of the world. Afghanistan is not the root or the source.
Naturally the war against them began in Afghanistan. Plans for the September 11, 2001, attacks on the United States were hatched in Afghanistan. But the temporary location of the plotters of that strike means little in the wide view of a long struggle. Osama bin Laden and his leadership just as easily could have planned the attacks from Saudi Arabia before they were exiled, or from their refuge in Sudan in the mid 1990s. Theoretically they could have even planned the attacks from an off-the-radar "safe house" in a place like France or even Nebraska had they managed to sneak themselves in. The physical location of the planning headquarters wasn't irrelevant, but in the long run the ideology that motivates them is what must be defeated. Perhaps the point would be more obvious if the attacks were in fact planned in a place like France instead of a failed state like Afghanistan.
My article on Heinz Christian Strache's Freedom Party is up at Pajamas Media:
In Austria's recent national elections, voters gave significant support to a party that seeks to bring back Nazi symbols and salutes. The anti-immigrant Freedom Party (FPO), headed by Heinz-Christian Strache, former dental assistant and representative of Europe's Cities Against Islamisation group, won 18 percent of the vote.
Another anti-immigrant party, the Alliance for Austria's Future, led by Jörg Haider, a former Freedom Party leader who broke away and formed a new party in 2005, got 11 percent of the vote. Together, these allied parties won almost a third of the vote, giving them huge gains over the traditional leading parties, the center-left Social Democrats and the conservative Austrian People's Party.
According to AFP, "the exact distribution of the 183 parliamentary seats will only be officially announced on October 6, 2008. But the combined score of the far-right parties would put them in second place ahead of the conservatives."