Tag Archives: Clinton

Stimulus Hawk

In a dramatic achievement of bipartisan compromise, the Clinton-Obama administration has announced a compromise with Republicans for continued stimulus spending – deficit be damned – as long as the economy, as judged by the Chamber of Commerce, deems it appropriate. No, extending the Bush tax cuts for the superwealthy was so last week. Iraq and Afghanistan.

Stuck in the malaise of the post-prozac depression, we simply cannot afford to have hundreds of thousands of Americans return home off combat pay. The effect on Visa and Mastercard write-offs would be massive. Public relations spokespeople for virtually every economist who has ever appeared on TV, have stated that, “America needs the stimulus from combat-death life insurance pay-outs to the surviving families to keep our communities vibrant and our schools and VA hospitals open.” Were one of these wars to suddenly come to an end, every American would suffer from the effect of those laid-off in the bomb, bullet, flack jacket, tank, predator drone, helicopter, MRE, spy satellite, cargo plane and cable news industries. The effect would be enormous – we would have to go back to watching people talk about abortion and the protection of marriage.

Were the totally implausible to occur, ‘peace’, the opportunity for middle-aged former veterans to sell themselves to companies formerly known as Prince, for only five times what real soldiers make, is over. Stop. Think for a moment. Without thousands of flights per month half way around the world, what would happen to the price of oil? What would happen to community college language programs in middle eastern dialects? What would happen to the army of friendless nerds working for letter divisions of government who spend their waking hours listening in on phone conversations to and from war zones? Zeltch. Nada. Unemployment. Just imagine for a moment how long they could make it on the street as homeless.

We cannot afford to let his happen. We must support the wars. We must stand against peace. Whatever wars they want, for whatever reason, we need this. For capitalism. For free enterprise. For if we stop fighting over there, the war will leave your street and come to Wall Street.

It is cannot be about winning un-winnable wars. Look what happened to Russia when they left Afghanistan – their economy was destroyed and their government overthrown. We’ve been in Afghanistan now longer the Russians. We cannot afford to ever leave.

If you have not gotten it yet, think for a moment about the people. Awash with dollars in a country where malls are made of clay, how could they survive on poppy production alone? What will happen if the Taliban were to take over the Pakistan nukes? Preemptive strike by India? Or will Ms. Clinton invite a short Pakistani general to come back to power? Would Pakistan make new nuke sales to future terrorist states, such as Brazil or Canada or, god forbid, Mexico? Would Osama come out of his cave leaving us with no enemy to be the focus of our fear? No, we must stay the course.

The joint chiefs, in an announcement approved by Hillary Clinton, have weighed in, “No comment.” Unnamed, anonymous and/or innocuous or vague sources have confirmed that “as long as Wikileaks is plugged, you’ll have to check with the White House or, even, the State Department for an official statement that can be parroted in your blog.” China and Saudi Arabia are on board. Publicly, the EU is for peace, but not at the price of not war. The rest of the world is just too busy or hungry to care.

Perhaps, someone like Senator Jim DeMinted (T, SC) will state it best, “In this time when our very way of life is being threatened by godless people who have run out of money, I’m pro-offense spending. Especially, if we have to cut taxes and social security to pay for it.”

We need to stop thinking about war as, well, “war.” We need to cease our fixation with the sounds of explosions, the blood of innocent children and camps of refugees. We need to embrace that war is about the economy and jobs – our jobs. We need to come together and support our troops in protecting our way of life.

Violence can only be concealed by a lie, and the lie can only be maintained by violence. ~Aleksandr Solzhenitsyn

No matter what political reasons are given for war, the underlying reason is always economic. ~A. J. P. Taylor

When a war breaks out, people say: “It’s too stupid, it can’t last long.” But though a war may be “too stupid,” that doesn’t prevent its lasting. ~Albert Camus

One is left with the horrible feeling now that war settles nothing; that to win a war is as disastrous as to lose one. ~Agatha Christie

No protracted war can fail to endanger the freedom of a democratic country. ~Alexis de Tocqueville

A great war leaves a country with three armies: an army of cripples, an army of mourners, and an army of thieves. ~Anonymous (German)

War is not an adventure. It is a disease. It is like typhus. ~Antoine De Saint-Exupery

Make wars unprofitable and you make them impossible. ~A. Philip Randolph

Did you see The Warning?

For anyone who would like to know how the economic meltdown could happen and when it will happen it again, you just have to see this show: PBS Frontline: The Warning. As you’d expect, it stars a bunch of rich powerful middle-aged white men in courageous battle to protect Ayn Rand’s dream of unfettered capitalism against one woman, Brooksley Born, who dared to raise her hand and suggest that the super secret, totally unregulated, multi-trillion dollar derivatives markets needed adult supervision. It is riveting. Find out how we hunted down those responsible and made sure they can’t do it to us again. Spend a few minutes strolling memory lane with the greatest leaders of our lives: Ford, Reagan, Greenspan, Clinton, Rubin, Gramm and others. Here’s a 4 minute preview:



In The Warning, veteran FRONTLINE producer Michael Kirk unearths the hidden history of the nation’s worst financial crisis since the Great Depression. At the center of it all he finds Brooksley Born, who speaks for the first time on television about her failed campaign to regulate the secretive, multitrillion-dollar derivatives market whose crash helped trigger the financial collapse in the fall of 2008.

“I didn’t know Brooksley Born,” says former SEC Chairman Arthur Levitt, a member of President Clinton’s powerful Working Group on Financial Markets. “I was told that she was irascible, difficult, stubborn, unreasonable.” Levitt explains how the other principals of the Working Group — former Fed Chairman Alan Greenspan and former Treasury Secretary Robert Rubin — convinced him that Born’s attempt to regulate the risky derivatives market could lead to financial turmoil, a conclusion he now believes was “clearly a mistake.”

Born’s battle behind closed doors was epic, Kirk finds. The members of the President’s Working Group vehemently opposed regulation — especially when proposed by a Washington outsider like Born.

“I walk into Brooksley’s office one day; the blood has drained from her face,” says Michael Greenberger, a former top official at the CFTC who worked closely with Born. “She’s hanging up the telephone; she says to me: ‘That was [former Assistant Treasury Secretary] Larry Summers. He says, “You’re going to cause the worst financial crisis since the end of World War II.”… [He says he has] 13 bankers in his office who informed him of this. Stop, right away. No more.'”

Greenspan, Rubin and Summers ultimately prevailed on Congress to stop Born and limit future regulation of derivatives. “Born faced a formidable struggle pushing for regulation at a time when the stock market was booming,” Kirk says. “Alan Greenspan was the maestro, and both parties in Washington were united in a belief that the markets would take care of themselves.”

Now, with many of the same men who shut down Born in key positions in the Obama administration, The Warning reveals the complicated politics that led to this crisis and what it may say about current attempts to prevent the next one.

“It’ll happen again if we don’t take the appropriate steps,” Born warns. “There will be significant financial downturns and disasters attributed to this regulatory gap over and over until we learn from experience.” – PBS Frontline

Faith Based Security

There’s a reason Sadam Hussein was good at security. He had everyone killed that he suspected. He also carried out pre-emptive murder. Ditto Hitler, Stalin, Pol Pot, Milosevic, Idi Amin, Jean-Paul Akayesu, Abdul Hamid II and more than you would tolerate listing here. It still works today in way too much of the world – China, Saudi Arabia, Russia, North Korea, Zimbabwe, Darfur, Burma, Iran and others.

We, in America, practice faith-based security. We believe (or choose to pretend) that we are safe. That democracy works. That we count all the ballots. That capitalism isn’t rigged. That justice is best served in courts. That civil rights, privacy, liberty and the right to own guns, trump a more absolute form to guarantee public order. That obeying our laws makes us safer. When something goes wrong – 9-11, Pearl Harbor, Firing on Fort Sumter, etc. as examples – our government has special powers to temporarily suspend these rights so that our faith can be restored.

airport securityOur government spends hundreds of billions of dollars each year to protect us and keep us believing while enjoying the fruits of freedom – intercepting phone calls, spy satellites, agents on the ground, interdicting suspected evil doers, and the like. When the Clinton administration foiled a planned millennium bombing attack on Los Angeles, it was luck and the system worked. When they didn’t in Oklahoma City; the 1993 World Trade Center; Centennial Olympic Park; the Birmingham, Pensacola, Brookline, Amherst abortion clinics; or Columbine; they weren’t lucky and the system didn’t work. Ditto the Bush years: 9-11; anthrax mailings, LAX, Beltway sniper; Riyadh compound, and all those bombings in Iraq, they weren’t lucky and the system failed. When they stopped the shoe bomber, they were lucky and the system worked.

No matter what Dick Cheney says, short of suspending all basic freedoms, imprisoning, or executing all we suspect, there is little we can do to stop it all. It takes luck. We spy, x-ray, screen, watch our lists, take our shoes off and wait endlessly in line; take names and invade countries harboring evil doers, but it is just part of making us believe we are safe so we can live out our lives normally and free. Our chemical plants, the water we drink, our power plants, grid, and ports are unguarded, or barely guarded. Were Omar Farouk Abdulmutallab to have chosen to take out thousands at a football game instead of a couple of hundred on an airliner, he would have had no problem.

Sure, when the Christmas terrorist was reported by his father, we should have put his name on the No-Fly list along with 3,400 others; or on  the Selectee list with 14,000 others; or the Terrorist Watch list with 400,000 others; instead of just the Terrorist Identities Datamart Environment list with 750,000 others; but we didn’t.

The bomb didn’t work – not because he was stopped when he went through airport security in Nigeria. We just had made it difficult enough that it didn’t work – this time. Sure, we need to do better. Be more vigilent. Get the huge database lists to work more effectively. But the system worked just as it does most of the time when we are lucky. The system we have used since the beginning. The faith-based security system. We believe, therefore we are. I depend on the same system each time I get behind the wheel of a car.

Terrorism is nothing new, not even to us. For a list of terrorist attacks dating back to 1800, click here.