Showing posts with label Wall Street Journal. Show all posts
Showing posts with label Wall Street Journal. Show all posts
Tuesday, February 21, 2012
"Fakegate" Blows Up in Warmist Faces
By Alan Caruba
On February 16, I published “Anatomy of a Global Warming Hoax” concerning the theft of the private records of The Heartland Institute’s board meeting and the creation of an alleged forged document intended to harm its reputation as a long time advocate of the real, not fake, science that has been the basis of the global warming—now called “climate change”—hoax.
The Feb 21 issue of The Wall Street Journal published an editorial, “The Not-So-Vast Conspiracy” noting that “As for ‘the largest international science conference of skeptics’ Heartland will, according to the documents, spend all of $380,000 this year on the Nongovernmental International Panel on Climate Change. That’s against the $6.5 million that the UN Intergovernmental Panel on Climate Change (IPCC) costs Western taxpayers annually, and the $2.6 billion the White House wants to spend next year on research into ‘global changes that have resulted primarily from global over-dependence on fossil fuels.’” (Emphasis added)
The global warming hoax has cost taxpayers billions since it was initiated and earned the purveyors of “carbon credits” millions as industry and others paid for the privilege of emitting “greenhouse gas”—primarily carbon dioxide—as part of doing business. Currently the European Union is trying to shake down the airline industry by charging them a surtax on their emissions as they fly tourists and businessmen to that benighted continent. Most of the exchanges that sold the credits have since closed.
The infamous “Cap-and-Trade” legislation that thankfully died in Congress was part of this scam.
We now know that the document theft was either perpetrated or abetted by Dr. Peter E. Gleick, a water and climate analyst, and founder of the Pacific Institute. A contributor to Huffington Post and prolific castigator of global warming “skeptics” and “deniers”, Dr. Gleick has admitted his part in the effort to depict The Heartland Institute, its board and its donors as part of the worldwide conspiracy to debunk the hoax.
Since 2008 Heartland has sponsored six conferences that brought together scientists and others who presented ample evidence of the absurdity that carbon dioxide and other “greenhouse gases” was causing the Earth to heat up. Unfortunately for the real IPCC conspirators, the Earth entered a natural cooling cycle in 1998 and, in 2009, thousands of email exchanges between the IPCC scientists were posted to the Internet revealing their growing panic over the failure of Mother Nature to cooperate with their lies, most if not all of which were based on bogus computer models.
Even The New York Times that had trumpeted the false allegations based on the purloined documents, published a Feb. 20 article, “Activist Says He Lied to Obtain Climate Papers” reporting that “Dr. Gleick distributed the documents to several well-known bloggers and activists who support the work of mainstream climate scientists and who have documented the Heartland Institute as a center of climate change denial.”
The Times is incapable to not slandering organizations and individuals who have fought long and hard to rip the mask of respectability from the perpetrators of the hoax. The “mainstream scientists” to whom it refers are, of course, the IPCC scientists behind the hoax. “Climate change denial” is nothing less than the propagation of the truth about the hoax.
For me, the most interesting aspect of all this has been the way The Heartland Institute has responded to Dr. Glieck’s chicanery. From the moment that documents, real, altered and fake, were posted on sites like DeSmogBlog.com and others, Heartland’s president, Joe Bast, went after the then-unknown identity of the person who secured the documents threatening legal action.
When Dr. Glieck publicly admitted his part in a Huffington Post statement, Bast released a statement saying, “Gleick’s crime was a serious one. The documents he admits stealing contained personal information about Heartland’s staff members, donors, and allies, the release of which has violated their privacy and endangered their personal safety.”
The key word in Bast’s statement is “crime.” As John Sullivan, a British-based attorney and an active “denier”, author and blogger, noted, Bast said “A mere apology is not enough to undo the damage”, adding that Dr. Gleick faces being financially ruined by a civil prosecution and “is also liable to a criminal investigation as such falsification of documents is a well-known brand of white collar crime.”
Some time ago I wrote a commentary saying that some of the global warming conspirators needed to go to jail for their crimes. As events unfold, that yet may occur insofar as they were the recipients of public funding and United Nations support as the IPCC published their false “science” amidst alarmist global warming claims.
Perhaps their greatest crime was the debasement of meteorological and climate science. Beyond that, their attacks on the reputation of the brave scientists who stepped forward to refute them is the very definition of slander and libel. The New York Times, Newsweek, Time, the National Geographic, and other “mainstream” news publications will unfortunately be given a pass for advancing their lies even to this day.
The Heartland director’s meeting was devoted to a program to deal with the torrent of false teaching in our nation’s schools intended to warp the perceptions and knowledge of students regarding global warming. That, too, is part of the crime committed against a national and worldwide population that was deliberately misled.
The warmists are in retreat and for that everyone owes a great debt of gratitude to The Heartland Institute and all the others who joined in the effort to refute the greatest hoax of the modern era.
© Alan Caruba, 2012
Tuesday, September 13, 2011
A Week of Horrid Headlines
By Alan Caruba
Journalism is often called “History written in a hurry.” If so, last week’s headlines from the front page of The Wall Street Journal reflected a period of our current history that will likely have future historians wondering how we made it through these times without completely losing our minds.
If fear sells newspapers, drives television news ratings, gets bad laws passed, and is useful for selling all manner of other goods and services, than last week must have been very good for business.
The weekend edition, Saturday/Sunday, September 3-4, began with “Job Growth Grinds to a Halt.” The sub-headline was “Lack of Hiring in August Roils Financial Markets; Gloom Ratchets Up Pressure on Obama.” The President would have to wait until the following Thursday to roll out his “Jobs” bill and to tell a joint session of Congress, “Pass this bill now!”
Reluctant to admit its role in the housing mortgage crisis that broke in late 2008 during the political campaign and largely due to Fannie Mae and Freddie Mac—both of whom own 50% of U.S. mortgages—the next article on page one was “U.S. Sues Big Banks Over Home Mortgages.”
Monday was Labor Day so there was no WSJ edition, but on Tuesday, September 6, the lead headline was “Europe Signals Global Gloom” with a sub-headline, “World Markets Fall as Continent’s Debt Crisis Fuels Worries of Lengthy Slowdown.” It reminded me of the cliché that, when the U.S. sneezes, the rest of the world gets pneumonia.” Under the lead story was a headline, “Voter Discontent Deepens Ahead of Obama Jobs Plan.”
By Wednesday, September 7, the headline was “Euro Woes Stir Currency Fears” with a sub-headline, “Older Americans Held Hostage by Mortgages.”
On Thursday, September 8, the headline was “Fed Prepares to Act” with a sub-headline, “Officials Consider Unusual Steps to Avert an Economic Stall.” The nation has been stalled since 2008 when gobs of taxpayer money was used to bailout banks, an insurance company, and two major auto manufacturers. Meanwhile, an accompanying headline said, “U.S. Hits Builders with Pay Probe” about a Labor Department investigation “of the top companies in home building, hitting them with a broad demand for records that has led to complaints of regulatory overreach.” You think?
By Friday, following Obama’s speech, the lead headline was “Obama’s Bid to Spur Growth." The sub-headline was “President Asks Congress for $447 Billion in Cuts, Spending; Tepid GOP Response.” With a $14 trillion national debt, I’d be tepid, too.
The proposed bill would be paid for with tax increases that would kick in after the next election in 2012. They are the same increases a Democrat-controlled Congress refused to authorize!
The Saturday weekend edition, led off with “Banker’s Exit Rattles Markets” and a sub-headline, “In Europe, Top ECB Economist Resigns, Seen as Policy Protest; Dow Industrials Fall 303.68 points.”
Obama speaks. The Dow tanks. Coincidence? I think not.
The other lead article headline was “Treasury Weighs New Tax Scheme.” It began “Treasury floats the notion of eliminating some, but not all taxes on overseas profits of U.S. multinational companies…”
Thus, the week’s WSJ headlines were a microcosm of the fears defining the economies of the U.S. and European nations whose socialist programs and massive over-spending had landed all of them in hot water.
We expect and we want government to exercise prudence in the management of public funds, but successive administrations and congresses did not, electing always to expand government. Let's hope the Fed does not want to print more money. It will cause a collapse of confidence.
It’s September 2011. Welcome to the 1930s.
© Alan Caruba, 2011
Journalism is often called “History written in a hurry.” If so, last week’s headlines from the front page of The Wall Street Journal reflected a period of our current history that will likely have future historians wondering how we made it through these times without completely losing our minds.
If fear sells newspapers, drives television news ratings, gets bad laws passed, and is useful for selling all manner of other goods and services, than last week must have been very good for business.
The weekend edition, Saturday/Sunday, September 3-4, began with “Job Growth Grinds to a Halt.” The sub-headline was “Lack of Hiring in August Roils Financial Markets; Gloom Ratchets Up Pressure on Obama.” The President would have to wait until the following Thursday to roll out his “Jobs” bill and to tell a joint session of Congress, “Pass this bill now!”
Reluctant to admit its role in the housing mortgage crisis that broke in late 2008 during the political campaign and largely due to Fannie Mae and Freddie Mac—both of whom own 50% of U.S. mortgages—the next article on page one was “U.S. Sues Big Banks Over Home Mortgages.”
Monday was Labor Day so there was no WSJ edition, but on Tuesday, September 6, the lead headline was “Europe Signals Global Gloom” with a sub-headline, “World Markets Fall as Continent’s Debt Crisis Fuels Worries of Lengthy Slowdown.” It reminded me of the cliché that, when the U.S. sneezes, the rest of the world gets pneumonia.” Under the lead story was a headline, “Voter Discontent Deepens Ahead of Obama Jobs Plan.”
By Wednesday, September 7, the headline was “Euro Woes Stir Currency Fears” with a sub-headline, “Older Americans Held Hostage by Mortgages.”
On Thursday, September 8, the headline was “Fed Prepares to Act” with a sub-headline, “Officials Consider Unusual Steps to Avert an Economic Stall.” The nation has been stalled since 2008 when gobs of taxpayer money was used to bailout banks, an insurance company, and two major auto manufacturers. Meanwhile, an accompanying headline said, “U.S. Hits Builders with Pay Probe” about a Labor Department investigation “of the top companies in home building, hitting them with a broad demand for records that has led to complaints of regulatory overreach.” You think?
By Friday, following Obama’s speech, the lead headline was “Obama’s Bid to Spur Growth." The sub-headline was “President Asks Congress for $447 Billion in Cuts, Spending; Tepid GOP Response.” With a $14 trillion national debt, I’d be tepid, too.
The proposed bill would be paid for with tax increases that would kick in after the next election in 2012. They are the same increases a Democrat-controlled Congress refused to authorize!
The Saturday weekend edition, led off with “Banker’s Exit Rattles Markets” and a sub-headline, “In Europe, Top ECB Economist Resigns, Seen as Policy Protest; Dow Industrials Fall 303.68 points.”
Obama speaks. The Dow tanks. Coincidence? I think not.
The other lead article headline was “Treasury Weighs New Tax Scheme.” It began “Treasury floats the notion of eliminating some, but not all taxes on overseas profits of U.S. multinational companies…”
Thus, the week’s WSJ headlines were a microcosm of the fears defining the economies of the U.S. and European nations whose socialist programs and massive over-spending had landed all of them in hot water.
We expect and we want government to exercise prudence in the management of public funds, but successive administrations and congresses did not, electing always to expand government. Let's hope the Fed does not want to print more money. It will cause a collapse of confidence.
It’s September 2011. Welcome to the 1930s.
© Alan Caruba, 2011
Labels:
European Union,
jobs,
Journalism,
President Obama,
US economy,
Wall Street Journal
Wednesday, August 17, 2011
Journalism's Decline
By Alan Caruba
I stopped my subscription for my local daily newspaper a couple of years ago. I just stopped subscribing to Bloomberg Business Week, thus saving $65 a year. I don’t know anyone who subscribes to either Newsweek or Time magazines. I receive The Wall Street Journal every morning because I like holding a newspaper in my hands, turning the pages, reading news articles "the old fashioned way."
Being a “pundit”, I spend an hour every morning visiting various news and opinion websites and blogs in which I have some confidence. At my age and with my experience as a former full-time journalist, I am less inclined to rely on the mainstream press because it is largely propaganda.
And I know something about propaganda because, having left journalism in the 1970s, I ventured into public relations to make a living. What that has taught me is that virtually everything the mainstream media prints or broadcasts is a handout from a public relations agency or, in the case of government, the torrent of questionable information that pours forth from the White House, Congress, and the many departments and agencies seeking to justify their existence.
All governments seek to influence the news stream. Totalitarian governments have an easier time because a journalist who becomes a problem either goes to jail or is killed. In a democracy, controlling what journalists receive involves a virtual army of government workers engaged in PR. The most visible example is the White House spokesperson and his daily briefings.
The Internet has had a severe impact on newspapers. The decline has been in progress for a long time. As often as not readers have concluded that their daily newspaper is no longer a source of accurate information. The majority are owned and put together by liberals, slanting the news toward their political orientation.
The mainstream media played a huge role in the election of President Obama and now are experiencing blowback from Americans who are disenchanted with him, but the truth is that newspapers have been experiencing declining circulation for quite some time. With that comes declining advertising income, the lifeblood of a newspaper or news magazine.
Newsweek was owned by the Washington Post and sold for one dollar and the assumption of its debts. It is now edited by Tina Brown who made her bones over at Vanity Fair and the New Yorker. She also edits The Daily Beast, an Internet news site. Time magazine is infested with liberal editors and reporters. A former editor, Jay Carney, is now the White House spokesman.
It is, however, The New York Times that has gone from “the newspaper of record” to an appallingly corrupt purveyor of news. In my youth I was a “stringer” for the New Jersey section of The Times. It is sad to see it reach a point where its columns are literally filled with lies, big and small, and the lunatic ravings of columnists like Paul Krugman. There is no longer even a pretense at objectivity, fairness, or accuracy.
The news business is a closed circle of sorts. Press rooms at newspapers have fewer editors and reporters. Those still working are expected to generate several stories daily. The result is that they are increasingly dependent on public relations professionals who “feed” the news stream. At the same time, PR folk are dealing with fewer or thinner traditional news outlets. The result is less opportunity to get serious, useful news published or broadcast. There is, however, no end of space for celebrity, crime and sports news.
Filling in the gaps are talk radio and the 24/7 cable news outlets. Fox News dominates this area of news and anyone who has watched Fox knows it goes out of his way to always include Democrat and liberal spokespersons in its quest of being “fair and balanced.” Beyond that, when you strip out the commercials, the news is often little more than a three minute headline, interspersed with battling political consultants, lawyers, and others. News is more often discussed than reported.
Little wonder that public relations professionals are now engaged in a desperate effort to master “social media” such as Facebook and YouTube to get out their client’s message.
It is a sad commentary on the news profession that a new generation gets much of its “news” from the liberally biased “Daily Show” hosted by Jon Stewart. It is no surprise that the three network news shows have been losing their audience in droves for years now. Local news is still driven by “if it bleeds, it leads.”
This is not to suggest that journalism does not still play a significant role in how Americans perceive and receive “news”, but they now have a panoply of alternative sources from which to choose and, I believe, they are far more wary of what newspapers and noticeably biased broadcast outlets provide.
As for the local daily newspaper to which I once subscribed, I now just visit its website and check out the obituaries. If I want to know what the weather is, I look out the window.
© Alan Caruba, 2011
Monday, August 15, 2011
A Horrible Week for Global Socialism
By Alan Caruba
Over the weekend of August 6-7, the Wall Street Journal’s lead headline was “U.S. Loses Triple-A Credit Rating.”
On Monday, August 8, the Journal’s headline was “Markets Brace for Downgrade’s Toll.”
By Tuesday, August 9, it was “Downgrade Ignites a Global Sell-Off.”
On Wednesday, August 10, it was “Markets Sink Then Soar After Fed Speaks.”
Thursday, August 11, the Journal cast its eyes across the Big Pond noting that “Italy’s Woes Weigh on Europe.”
On Friday, 12, the headline said, “Stocks Swing Up in Wild Week.”
A week after the Standard & Poor’s downgrade of the U.S. credit rating from AAA to AA+, in the August 13-14 edition, the Journal took note of a “Global Crisis of Confidence”, adding that “World Policy Makers’ Inability to Agree on Fixes Led Markets on Wild Ride.”
As the new week dawned on August 15, the Journal said, “Markets Gird for Fresh Drama.”
It was a great week for dramatic headlines and a horrible week for the rest of the world. Mostly, though, it was a fulfillment of former British Prime Minister Margaret Thatcher’s observation that socialism works just fine until you run out of “other people’s money.”
That is a perfect definition of “redistribution” or, as President Obama once observed, “At some point you’ve made enough money.” A more un-American statement has rarely been uttered by an American President.
The U.S. has been engaged in a huge experiment in redistribution since the years of the Great Depression when Franklin D. Roosevelt, a man who knew absolutely nothing about running a business and who had spent most of his life living off an allowance from his mother, tried everything he could think of to get the economy going again.
FDR could have tried cutting taxes. He could have encouraged Congress to avoid voting for trade barriers in a fit of protectionism. Instead, he came up with Social Security, among an alphabet soup of government programs which were a disaster when it came to encouraging private sector job creation. Not unlike President Obama's "stimulus" and other doomed-to-fail experiments
The history of Social Security is one long succession of lies that Americans have been told. By the time Lyndon B. Johnson was President, the funds set aside for Social Security payments were moved to the general fund where they could be plundered by Congress. Under President Clinton Social Security payments began to be taxed as income.
World War Two arrived in the U.S. on December 7, 1941, and full employment followed to defeat the fascists in Germany and Japan. The government that had expanded during the FDR years continued to expand.
Americans emerged from the war without a scratch on the homeland. With the exception of Hawaii’s Pearl Harbor, none of our cities were bombed. We had a million battle-tested young men returning home in 1945, the GI bill let them go to college if they wanted, and by the 1950s we were on our way to being the greatest military power in the world and the greatest economy ever known.
And the federal government never stopped expanding. It needed more money, but the stock market, with occasional recessions, just kept growing too. As time went along, Great Britain and Western Europe rebuilt, alliances such as NATO were created to thwart the Soviet Union’s ambitions, while Eastern Europe stagnated under Soviet imposed communism.
In Asia, Japan became an economic powerhouse and South Korea too. China which had suffered under Chairman Mao waited until he died to convert its economy to a capitalist model, while retaining all the worst aspects of an Orwellian communist government. In the Middle East, oil allowed nations led by a handful of tribal chiefs and assorted despots acquire wealth beyond belief. Their populations remained oppressed. Now they are in the streets demanding freedom and justice. They will get Sharia law and more oppression.
Economies became increasingly global and interconnected. Europe became the European Union, a huge bureaucratic mess with the Euro as a common currency. Western bankers purchased Europe’s securities and vice versa. When the housing market imploded in September 2008, they discovered that most were de-linked from the original mortgage assets and were essentially worthless to the tune of billions.
The Federal Reserve responded by shipping $600 billion to prop up European central banks and Congress responded by authorizing the Treasury Department to “bail out” U.S. banks and the huge insurance company, AIG, with public funds--your money.
So what have we learned from all this? Foremost of all, socialist economies are inherently unfair and disconnected from the real world of hard work, property ownership, and capital investment. We learned that bankers are greedy and take greater risks than they should.
Great Britain, which has become one of the greatest welfare states in the world, was rewarded for its generosity with looting and rioting by youths whose families had lived on the dole their entire lives. Greece had already had its spate of riots.
Everyone keeps saying that the U.S. must not become Greece, but the U.S. has become Greece and that accounts for all those horrible headlines from last week.
The Obama administration, which has steadfastly ignored every previous “commission” that has studied the economy, has now engineered “a super committee” in Congress. It is composed of the twelve worst ideologues on either side of the economic policy divide in an effort to cut some spending, any spending! Failure has been baked into that cake.
The old way of conducting the affairs of nations, particularly their economies, is coming apart at the seams. It has exposed the hypocrisy of socialism here in the United States and everywhere else it has been practiced.
© Alan Caruba, 2011
Over the weekend of August 6-7, the Wall Street Journal’s lead headline was “U.S. Loses Triple-A Credit Rating.”
On Monday, August 8, the Journal’s headline was “Markets Brace for Downgrade’s Toll.”
By Tuesday, August 9, it was “Downgrade Ignites a Global Sell-Off.”
On Wednesday, August 10, it was “Markets Sink Then Soar After Fed Speaks.”
Thursday, August 11, the Journal cast its eyes across the Big Pond noting that “Italy’s Woes Weigh on Europe.”
On Friday, 12, the headline said, “Stocks Swing Up in Wild Week.”
A week after the Standard & Poor’s downgrade of the U.S. credit rating from AAA to AA+, in the August 13-14 edition, the Journal took note of a “Global Crisis of Confidence”, adding that “World Policy Makers’ Inability to Agree on Fixes Led Markets on Wild Ride.”
As the new week dawned on August 15, the Journal said, “Markets Gird for Fresh Drama.”
It was a great week for dramatic headlines and a horrible week for the rest of the world. Mostly, though, it was a fulfillment of former British Prime Minister Margaret Thatcher’s observation that socialism works just fine until you run out of “other people’s money.”
That is a perfect definition of “redistribution” or, as President Obama once observed, “At some point you’ve made enough money.” A more un-American statement has rarely been uttered by an American President.
The U.S. has been engaged in a huge experiment in redistribution since the years of the Great Depression when Franklin D. Roosevelt, a man who knew absolutely nothing about running a business and who had spent most of his life living off an allowance from his mother, tried everything he could think of to get the economy going again.
FDR could have tried cutting taxes. He could have encouraged Congress to avoid voting for trade barriers in a fit of protectionism. Instead, he came up with Social Security, among an alphabet soup of government programs which were a disaster when it came to encouraging private sector job creation. Not unlike President Obama's "stimulus" and other doomed-to-fail experiments
The history of Social Security is one long succession of lies that Americans have been told. By the time Lyndon B. Johnson was President, the funds set aside for Social Security payments were moved to the general fund where they could be plundered by Congress. Under President Clinton Social Security payments began to be taxed as income.
World War Two arrived in the U.S. on December 7, 1941, and full employment followed to defeat the fascists in Germany and Japan. The government that had expanded during the FDR years continued to expand.
Americans emerged from the war without a scratch on the homeland. With the exception of Hawaii’s Pearl Harbor, none of our cities were bombed. We had a million battle-tested young men returning home in 1945, the GI bill let them go to college if they wanted, and by the 1950s we were on our way to being the greatest military power in the world and the greatest economy ever known.
And the federal government never stopped expanding. It needed more money, but the stock market, with occasional recessions, just kept growing too. As time went along, Great Britain and Western Europe rebuilt, alliances such as NATO were created to thwart the Soviet Union’s ambitions, while Eastern Europe stagnated under Soviet imposed communism.
In Asia, Japan became an economic powerhouse and South Korea too. China which had suffered under Chairman Mao waited until he died to convert its economy to a capitalist model, while retaining all the worst aspects of an Orwellian communist government. In the Middle East, oil allowed nations led by a handful of tribal chiefs and assorted despots acquire wealth beyond belief. Their populations remained oppressed. Now they are in the streets demanding freedom and justice. They will get Sharia law and more oppression.
Economies became increasingly global and interconnected. Europe became the European Union, a huge bureaucratic mess with the Euro as a common currency. Western bankers purchased Europe’s securities and vice versa. When the housing market imploded in September 2008, they discovered that most were de-linked from the original mortgage assets and were essentially worthless to the tune of billions.
The Federal Reserve responded by shipping $600 billion to prop up European central banks and Congress responded by authorizing the Treasury Department to “bail out” U.S. banks and the huge insurance company, AIG, with public funds--your money.
So what have we learned from all this? Foremost of all, socialist economies are inherently unfair and disconnected from the real world of hard work, property ownership, and capital investment. We learned that bankers are greedy and take greater risks than they should.
Great Britain, which has become one of the greatest welfare states in the world, was rewarded for its generosity with looting and rioting by youths whose families had lived on the dole their entire lives. Greece had already had its spate of riots.
Everyone keeps saying that the U.S. must not become Greece, but the U.S. has become Greece and that accounts for all those horrible headlines from last week.
The Obama administration, which has steadfastly ignored every previous “commission” that has studied the economy, has now engineered “a super committee” in Congress. It is composed of the twelve worst ideologues on either side of the economic policy divide in an effort to cut some spending, any spending! Failure has been baked into that cake.
The old way of conducting the affairs of nations, particularly their economies, is coming apart at the seams. It has exposed the hypocrisy of socialism here in the United States and everywhere else it has been practiced.
© Alan Caruba, 2011
Labels:
capitalism,
communism,
globalization,
Socialism,
Wall Street Journal
Monday, April 11, 2011
The Week In Review
By Alan Caruba
It often seems to me that the constant flow of news diminishes our ability to take it all in and make sense of it. I was thinking about this as I read the weekend edition of The Wall Street Journal last Saturday.
It was the day after the drama surrounding the potential shutdown of the federal government. At the eleventh hour, President Obama announced that an agreement had been struck to keep it going. What kind of government do we have that cannot create a budget for the year ahead and keep itself going in a rational fashion?
It wasn’t about funding, though. It was about the clash between the conservatives who want to save a government from further profligate spending and eventual doom, and the liberals who have controlled the Congress since 2006 when the general unhappiness with the wars in Afghanistan and Iraq, and other factors weakened confidence in the Bush administration..
The numbers tell the story. With Barack Obama installed in office, the debt has soared to levels that threaten the existence of the greatest republic on earth. Dick Morris, the political commentator, summed it up in October 2010. “From the moment George Washington took the oath of office until Obama did, America had borrowed $9 trillion, Under Obama, it has borrowed $3.2 trillion more, in less than two years”
Consider the advice of Cicero to the Roman Senate in 55 P.C., "The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance."
In 2008, too conveniently just before the election, a financial crisis hit the nation. It’s been downhill ever since and there are a lot of people who have been happy to see the world’s only superpower slip into debt and be led by a fool who cannot distinguish its friends from its enemies.
The headlines of articles in the Journal’s weekend edition are worth thinking about.
• Deadline Drama Over Budget
• Farm Subsidies: Sacred Cows No More
• Obama’s Budget Aim Was to Stay Above the Fray
• Debt Ceiling Looms as Next Big Fight
• Activists Give Boehner a Nod of Approval
• Inflation Drives the Markets
In world news the headlines were:
• Egypt Rallies Swell Against Military
• Syria Kills at Least 20 Protesters
• Bahrain Divisions Grow, Fanning Fears
• Rebels Fight U.S. For Funds It Seized (Libya)
• Portugal’s Bailout to Require Deep Cuts
You can draw your own conclusions from this snapshot from last week, but for me it is a picture of a nation is serious trouble with a very unserious President in the Oval Office. Elsewhere in the world nations where Islam is the predominate religion appear to have wearied of the current crop of despots that have held all the power, but they have few other options than their military, part of the oppression, or Islam, another form of oppression.
In the Journal’s “World Watch” section with four short news items, one was about Secretary of Defense Robert Gates, in Iraq for a few days to discuss the scheduled departure of U.S. troops in December. He told the Iraqi leaders, “The U.S. is willing to stay beyond 2011, if invited.”
Unmentioned is the way Iraq’s Prime Minister, Nouri al-Maliki, has centralized all power in his office and his cabinet. The parliament has been stripped of its participation in setting policy. Some might call that a dictatorship. Little changes in the Middle East except the players. As often as not, the choice is between the bad and the worse.
I think it is time America stop trying to solve everyone else’s problems and begin to pay some serious attention to our own. It will be painful. From 1776 when the American Revolution commenced through to June 21, 1788 when the Constitution became official there never was a year when Americans did not face painful choices.
The Civil War was painful. The hundred years of segregation that followed was painful. The Great Depression from 1929 until the beginning of our participation in World War Two in 1941 was painful. In 1945 all we wanted was peace, but the specter of communism forced us to enter upon a near half century of Cold War until the Soviet Union collapsed.
We will not be of much use to the rest of the world if we do not put our own house in order. We will have betrayed our children and grandchildren if we do not. Last week’s headlines about our domestic affairs began in the wake of the Great Depression when the nation turned to socialism. It was continued by the generation of the 1960s and by their children.
It must end before America too suffers the fate of failed empires and failed states.
© Alan Caruba, 2011
It often seems to me that the constant flow of news diminishes our ability to take it all in and make sense of it. I was thinking about this as I read the weekend edition of The Wall Street Journal last Saturday.
It was the day after the drama surrounding the potential shutdown of the federal government. At the eleventh hour, President Obama announced that an agreement had been struck to keep it going. What kind of government do we have that cannot create a budget for the year ahead and keep itself going in a rational fashion?
It wasn’t about funding, though. It was about the clash between the conservatives who want to save a government from further profligate spending and eventual doom, and the liberals who have controlled the Congress since 2006 when the general unhappiness with the wars in Afghanistan and Iraq, and other factors weakened confidence in the Bush administration..
The numbers tell the story. With Barack Obama installed in office, the debt has soared to levels that threaten the existence of the greatest republic on earth. Dick Morris, the political commentator, summed it up in October 2010. “From the moment George Washington took the oath of office until Obama did, America had borrowed $9 trillion, Under Obama, it has borrowed $3.2 trillion more, in less than two years”
Consider the advice of Cicero to the Roman Senate in 55 P.C., "The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance."
In 2008, too conveniently just before the election, a financial crisis hit the nation. It’s been downhill ever since and there are a lot of people who have been happy to see the world’s only superpower slip into debt and be led by a fool who cannot distinguish its friends from its enemies.
The headlines of articles in the Journal’s weekend edition are worth thinking about.
• Deadline Drama Over Budget
• Farm Subsidies: Sacred Cows No More
• Obama’s Budget Aim Was to Stay Above the Fray
• Debt Ceiling Looms as Next Big Fight
• Activists Give Boehner a Nod of Approval
• Inflation Drives the Markets
In world news the headlines were:
• Egypt Rallies Swell Against Military
• Syria Kills at Least 20 Protesters
• Bahrain Divisions Grow, Fanning Fears
• Rebels Fight U.S. For Funds It Seized (Libya)
• Portugal’s Bailout to Require Deep Cuts
You can draw your own conclusions from this snapshot from last week, but for me it is a picture of a nation is serious trouble with a very unserious President in the Oval Office. Elsewhere in the world nations where Islam is the predominate religion appear to have wearied of the current crop of despots that have held all the power, but they have few other options than their military, part of the oppression, or Islam, another form of oppression.
In the Journal’s “World Watch” section with four short news items, one was about Secretary of Defense Robert Gates, in Iraq for a few days to discuss the scheduled departure of U.S. troops in December. He told the Iraqi leaders, “The U.S. is willing to stay beyond 2011, if invited.”
Unmentioned is the way Iraq’s Prime Minister, Nouri al-Maliki, has centralized all power in his office and his cabinet. The parliament has been stripped of its participation in setting policy. Some might call that a dictatorship. Little changes in the Middle East except the players. As often as not, the choice is between the bad and the worse.
I think it is time America stop trying to solve everyone else’s problems and begin to pay some serious attention to our own. It will be painful. From 1776 when the American Revolution commenced through to June 21, 1788 when the Constitution became official there never was a year when Americans did not face painful choices.
The Civil War was painful. The hundred years of segregation that followed was painful. The Great Depression from 1929 until the beginning of our participation in World War Two in 1941 was painful. In 1945 all we wanted was peace, but the specter of communism forced us to enter upon a near half century of Cold War until the Soviet Union collapsed.
We will not be of much use to the rest of the world if we do not put our own house in order. We will have betrayed our children and grandchildren if we do not. Last week’s headlines about our domestic affairs began in the wake of the Great Depression when the nation turned to socialism. It was continued by the generation of the 1960s and by their children.
It must end before America too suffers the fate of failed empires and failed states.
© Alan Caruba, 2011
Labels:
Congress,
President Obama,
US Debt,
US Deficit,
Wall Street Journal
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