Tag Archives: McCain

Wall St Invasion?

The distress over the global financial meltdown encompasses more than just frightening 401k statements and doomsday newscasts. We’ve now another impetus for headaches and acid stomachs. This week, Libya’s Qaddafi became a major shareholder in Unicredit, Italy’s largest bank, which might have prompted the Italian Prime Minister Berlusconi’s warning. “I have news that oil producing countries with large funds are buying heavily into our markets.”

So beyond China helping the United States with its perpetually unbalanced budget, we’ve got Arabs trolling for bargains. Berlusconi elaborated: “Now there are great opportunities for those who have capital, and I think that certain sovereign funds, and ones you would oppose, are hostile.”

I take it that it isn’t just moderate Saudi Prince Al-Waleed bin Talal bargain hunting in the major indices. I use the term ‘moderate’ because apart from his support for CAIR and his comments after 9/11 which elicited a rejection of his $10 million check, he’s been a revolutionary among his fellow Bedouins. He has supported women’s rights and hired the first female pilot in Saudi Arabia.

As gas prices have ballooned and the economy has slowed, “drill baby drill,” has become an increasingly popular refrain repeated at McCain rallies. More than just cheap gas, it’s our sovereignty at stake.

According to Rand, U.S. oil shale reserves represent three times that of Saudi Arabia. Yet, we would rather buy the oil from the Saudis, making them wealthy enough to buy large chunks of our corporations.

Only in America

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Global Financial Meltdown

How many more black Mondays, Tuesdays or Wednesdays are in store for the world markets? The quickie summit convened by the EU leadership over the weekend apparently inspired the same sort of confidence garnered by Paulson’s plan passed last Friday.

The U.S mortgage crisis and its resulting effect on European banks, combined with skepticism over Paulson’s plan of recovery, sent European markets tumbling. Russia and Italy were even forced to halt trading. According to Le Figaro, traders worry whether the price tag of Paulson’s plan was big enough.

As for their own plan? Reminding everyone why there hasn’t been meaningful progress in the adoption of a European Constitution, EU leaders failed to agree on a solution to the economic crisis.

From the Telegraph:

France, Germany, Italy and the UK could not agree on a single course of action because – as Mr Sarkozy effectively admitted in a characteristically irritable press conference performance – they all have different economic circumstances and needs. He described this as having “different cultures”, but it adds up to the same thing: France and Germany do not have property-owning traditions that produce house-price booms and busts, the UK population has much greater credit liabilities than the French, etc, etc.

Late Monday, the German government provided an additional 15 billion Euros in liquidity to the 35 billion already pledged to help the German lender Hypo Real Estate.

Elsewhere….

Saudi Arabia’s market, the Gulf’s largest, was off 9 percent. Dubai’s Financial Market fell almost 7 percent, its lowest fall since ’06, and Abu Dhabi’s index lost 5 percent.

The head of Al Dhafra Brokerage Vyas Jayabhanu, via UAE’s Gulf News, argued: “Uncertainty prevails despite the U.S. government passing the package, and there is this lingering fear that the $700 billion may not be enough.”

Israel’s TA-25 down 4.63%

Japan:

The Nikkei stock average tumbled 4.3 percent to a four-and-a-half-year closing low on Monday.

The Korea Exchange in Seoul, South Korea finished the day off 4.3 percent.

Singapore’s Straits Times Index was down nearly 4.9 percent in late-day trading and the Shanghai Composite fell about 5.2 percent. The Taiwan Weighted shed 4.1 percent.

The Australian Securities Exchange plunged about 3.4 percent to 4,544.70, and Hong Kong’s Hang Seng was off 4.7 percent of its value, falling to 16,853.85.

Russia’s Micex Index plunged 18 percent before trading was halted for a second time today.

Europe:

Germany’s DAX: Down 7.07%

Italy’s MIBTEL: Down 8.58%

France’s CAC: Down 9.04%

Sweden’s OMX: Down 7.24%

UK’s FTSE 100: Down 7.85%

With the crisis infecting global stock markets, it’s baffling why neither American Presidential candidate appears willing to blame government officials who fostered this failure through their social engineering and their belief that home-ownership is one of the inalienable rights guaranteed in the U.S. Constitution.

Perhaps the shock of looking at the big board and seeing the Dow off some 800 points on Monday will shock the leaders into dialogue, although I suspect one party is a bit more reluctant to discuss their role in the current fiasco.

Wesley Clark: The Audacity of Stupid

From the Politico :

“He has been a voice on the Senate Armed Services Committee. And he has traveled all over the world. But he hasn’t held executive responsibility. That large squadron in the Navy that he commanded — that wasn’t a wartime squadron,” Clark said.
“I don’t think getting in a fighter plane and getting shot down is a qualification to become president.”

Had the above criticism come from former Secretary of State Powell or Gen. Norman Schwarzkopf instead of a failed NATO chief whose chronic addiction to Presidential runs has proven tedious, the foolish outburst might have been taken more seriously. But given the erstwhile General’s track record, the disrespectful remarks just fit right in with his arrogant profile and his affection for fantasy.

In 2003, Rush Limbaugh gave us a history lesson, when he compared Clark to another wartime officer in Civil War General McClellan. It was a great psychological dissection, but I was more interested in Clark’s achievements as a prominent military figure in the 90’s.

As NATO chief, Gen. Clark, on the other hand, urged his Pentagon bosses to let him introduce ground troops into the war against Serbia, and he even was willing to use military force to stop the Russians from occupying an airport at Pristina, Kosovo.

But Gen. Clark was badly wrong on both counts. If he had not been overruled by his superior, there would have been unnecessary casualties resulting from the deployment of ground troops. And if his subordinate, British Gen. Sir Michael Jackson, had not refused Gen. Clark’s order to confront the Russian troops–who wound up cooperating with NATO peacekeeping efforts–the outcome could have been disastrous.

In 1994, while nearly one million Rwandans were being slaughtered, Gen. Clark advised President Clinton against America’s intervention, despite the U.N.’s unwillingness to stop the holocaust. But Gen. Clark speaks glowingly of NATO’s success in stopping Milosevic’s ethnic cleansing, for which Mr. Clinton awarded him the Presidential Medal of Freedom. And now, he dismisses the liberation of nearly 25 million Iraqis from Saddam Hussein’s murderous rule as a Bush foreign-policy failure.

He reportedly circumvented both Secretary of Defense William Cohen and Joint Chiefs of Staff Chairman Gen. Henry Shelton on numerous occasions in speaking directly to the media and the president. In fact, the situation got so bad that Gen. Clark was relieved of his NATO position several months before his term ended, and in a major snub, neither Mr. Cohen nor Gen. Shelton attended his retirement ceremony.

Mr. Clark should take a moment of self-reflection before making any further ill-advised attacks. Does he honestly think anyone with an iota of intelligence would believe him over the scrappy, sometimes maddening, but always sincere, war hero who just might defy all odds to become President?

Something positive did result from the interview, however. ‘Face the Nation’, the Sunday show no one watches, might have three viewers next week instead of two.

Obama’s Secret Weapons

Tiger Woods dons a red shirt on tournament Sundays. Michael Jordan never forgot to put on his North Carolina Tarheel shorts underneath his Bulls uniform. The long-standing relationship between athletes and their superstitions, good-luck charms and pre-game rituals is considered largely innocuous by sports fans, rather a side-note to the victories and defeats. Sure they might get a mention during a half-time feature, but for the most part, their pre-match voodoo goes unnoticed and unreported.

We might not care if our athletes or next door neighbors are superstitious, but our Commander-in-Chief, the nuclear passé-partout daddy, carrying around lucky stones, golden monkeys and little eagles for luck?

Are American voters aware that the “yes we can” candidate, is so unsure that he can, he is jiggling some stones in his pocket hoping that he will?

Obama’s Pastor Picks on Italians

Rev. Wright and his church, Trinity United of Chicago, are making news again, for all the wrong reasons. It seems they’ve moved on from targeting whites and Jews. And as journalists and bloggers pour over his sermons, which have proved to be a treasure trove of hate-speech and vitriol, CNS News has uncovered a recent article in Trumpet Magazine which sheds light into another nationality the Reverend holds in little regard. Italians.

From CNS News:

“(Jesus’) enemies had their opinion about Him,” Wright wrote in a eulogy of the late scholar Asa Hilliard in the November/December 2007 issue.

Wright goes on to spin the birth of Christ: “From the circumstances surrounding Jesus’ birth (in a barn in a township that was under the Apartheid Roman government that said his daddy had to be in), up to and including the circumstances surrounding Jesus’ death on a cross, a Roman cross, public lynching Italian style. …

Public lynching Italian style? Ok. Maybe I should just let it slide. After all, this is a guy who called the U.S, the U.S. of KKK A. Maybe he was simply remembering how Mussolini and his mistress Clara Petacci were hanged in a public square in Milan.

But his bigoted remarks then extended to their anatomy. “The Italians for the most part looked down their garlic noses at the Galileans.”

The Reverend and his ilk seem to have a peculiar preoccupation with noses. The founder the New Black Panthers, whose endorsement was proudly posted on Obama’s website until it made news, referred to the “hooked-nose, bagel-eating, lox-eating” Jews.

Garlic noses… hooked noses… What about Caucasians? We have noses too?

Will our new President be an Amerilover or an Amerihater?

If you compare the two videos, the contrast is stark.

From his wife’s thesis to his minister’s hate-speech, Barack sure surrounds himself with those who hold little regard for America. It sure seems like Obama is seeking the top job in a company he doesn’t even like, while McCain is vying to lead the country he almost died for.

Just a thought.

Enquirer to Some, Bible to Most

mccain.jpgThe latest New York Times hit piece, this time targeting Senator John McCain, doesn’t come as a shock to most Republicans who rightly view the Old Grey Lady as a radical leftist rag that has suffered numerous credibility blows in recent years. From their reporter, Jason Blair, who made up stories and interviews to the damning UCLA study that found the paper to be biased, numerous scandals have sullied its already damaged reputation.  But most Americans don’t consider how its bogus smears and biased reportage shape opinion in the rest of the world, where people view The New York Times as the American news authority.  

Take this McCain excerpt from France’s Le Figaro:

Vicki Iseman is accused by The New York Times to have “bought” the votes of some of its customers in telecommunications eight years ago. When McCain was a candidate in the first presidential election, the Vietnam veteran was married with three children and chaired the Committee on the Senate. According to The New York Times, the customers Vicki Iseman gave several thousand dollars to fund the campaigns of McCain.

  From Italy’s Corriere della Sera : 

Senator John McCain of Arizona, favored to become the Republican candidate to the White House, collects a blow from the most prestigious newspaper in the States, the New York Times. He had a sentimental relationship with a lobbyist nine years ago at the dawn of the first race of McCain at the White House. Revelations that might cast discredit on this second, and more successful, McCain presidential campaign based on ethics and fairness.

The most alarming statement of the two articles is the assertion made by Italy’s Corriere which called The New York Times “the most prestigious newspaper in the states.” You might wonder who really cares and why it should matter. Well, when Republicans are muddied and their policies villified by editors and reporters at the Times, don’t for one second believe that it doesn’t influence how conservatives and American policies are perceived globally.