Posted by: smithy | June 11, 2009

News of the Day, 6/11/2009

News of the Day, 6/11/2009

For the past few months I’ve been collecting and sending to a friend of mine links to articles dealing mostly with Obama’s domestic and foreign policies. Rather than send my friend a dozen emails daily, I’ve decided to collect these links on my website and send him that. Most of what you will find here are just links to articles that I find interesting or important with a few words of commentary that I’ll add. The sites I visit most often are Atlas Shrugs, Hot Air, Instapundit, Ace of Spades HQ, JOSHUAPUNDIT, and Wolf Howling. Although I don’t necessarily agree with everything on these sites, I’ve overall found the analysis there to be good and worth reading, which is why I reference their articles. You can consider what I’m doing as either a personal news summary or my sharing with you my part of a conversation.

Foreign Policy

TERRORISTS’ EXCELLENT VACATION! Gitmo Terrorists Off to Bermuda. The following was found as a recruitment on an Islamic terrorist website: “As an added benefit to the basic Club Gitmo package, we can now offer you an extended stay in a Bermuda Madrassah. All Club Gitmo packages come with free, unlimited and lifetime Obamacare. So why not see your local Jihadi recruiter today? Remember, our Club Gitmo package is the next best thing to getting 72 virgins in Paradise.”

Obama demands “Mutual Respect” — except for the Jews. When I first heard about this story, my first thought was to give Obama a pass on this. The more I think about it, the less I’m inclined to do that. Obama has a history – it’s his standard operating procedure – of using an ambiguous action or speech to send different messages to different audiences. It’s his way of laughing at opponents, while avoiding all responsibility for his actions, e.g., flipping off Hillary during the primaries. (I’ve already mentioned the bowing to the Saudi King at least half a dozen times, so it’s time to pick something else.) It’s Obama’s fundamental lack of respect, his dishonesty and manipulativeness toward other other human beings that I find repulsive and infuriorating.

If you think I’m exaggerating, how many presidential photos are there where the president has his feet up and pointed at the camera while talking to the leader of a country over matters important to that nation? Doesn’t that at least suggest a lack of seriousness on the part of Obama? Why would an image conscious administration allow such a picture to be released?

Finally, given the way such a picture will be interpreted in the Arab world, do you think Israel will ever get a sincere apology from the Obama administration? I think Hell will freeze over first.

US-Israel Relations Still Crumbling. I’m not surprised that the Israelis are nervous. They’ve also apparently decided that lobbying Congress or trying to get the heavily Democratic American-Jewish community to lobby Congress won’t work. If a Republican POTUS tried what Obama is doing, Congress would cut him off at the knees. But Republican voters are such big supporters of Israel that a Republican POTUS wouldn’t try this anyway. Whatever the future holds, it will get interesting.

John Kerry: I’m For Iran’s Right to Enrich Uranium. I can’t wait till he turns against it!

‘Jihad Stimulus’: An 8-Step Plan to Completely Ruin Al-Qaeda. It’s so true that I laughed till it hurt. Unfortunately, the Jihadis (through Obama) did it to us before we could do it to them.

Domestic Policy

Fed strong-armed BofA into taking Merrill Lynch. For more on how “Godfather” Bernanke is managing things, see “Chart of the Day: The Laffer Spike” and PROOF: There Are No ‘Green Shoots’.

In the 90’s the Japanese, after the bursting of their stock and real estate bubbles, were heavily criticized for propping up failed financial institutions and using accounting gimmicks to hide what was going on. The Japanese had a positive balance of payments from international trade and a strong savings rate. In other words, while the Japanese were misallocating capital, their economy was still generating cash. We’re misallocating money and either borrowing it or printing it. As the Weimar experience proved, that never ends well.

On the hand, why worry? Don’t you know real Hope-n-Change when you see it?

The following articles are on the debt and the political problems that Obama’s budgets will create: Orwellian: Obama To Claim Mantle Of Fiscal Responsibility, HOW DO WE KNOW THAT THE OUTRAGEOUS SPENDING IS BECOMING A PROBLEM FOR OBAMA?, and Obama’s Risky Debt. For a contrary opinion, see Who’s Responsible For The Debt?. What Sullivan, in the last article, is focusing on is the past and present debt, not the future contributions from Obama’s spending increases. Those spending increases will not just add to, but will multiply the debt, which is scaring conservatives and moderates.

A rebellion among Democrats? Click here and here. Some Democratic politicians are afraid of facing the voters in the next election once Obama’s economic and environmental policies have gone into effect.

Up, Hope-n-Change version. I haven’t yet seen the animated movie “Up.” It has, however, been getting remarkably good reviews.

Science

Speeding up brain networks might boost IQ. Note: The reference is from Instapundit. My friend has worked in an experimental psychology lab, which is why I send him this kind of material.

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