Tag Archives: Obama

Politics of Meddling

turkey_euHe came to listen, not to lecture. Yet after yesterday’s push for Turkey’s acceptance into the EU, I wonder if Europeans Obama-glow has worn off. Aside from a few missteps, like his snooze inducing presser with Brown and his ‘French’ town hall, the President and his prompter had them weak-kneed and star-struck. So, they must have been taken aback when Obama continued the ugly American habit of minding other countries’ business.

“Turkey is bound to Europe by more than bridges over the Bosphorous. Centuries of shared history, culture, and commerce bring you together. Europe gains by diversity of ethnicity, tradition and faith – it is not diminished by it. And Turkish membership would broaden and strengthen Europe’s foundation once more.”

But according to a poll released by the German Marshall Fund and the Compagnia di San Paolo in late 2007, only 21 percent of Europeans believe that their culture would be enriched enough to support Turkey’s bid for EU membership. 21 percent. Merkel and Sarkozy strongly oppose EU membership for Turkey.

Imagine the outrage and furor if, during his speech before the United States Congress, French President Sarkozy had made a plea to legalize the more than 20 million illegals currently living in the United States? After all, they would enrich our culture, add to our diversity and benefit our commerce. It would have been a classic ‘mind your own bees wax’ moment.

We should let the EU member nations and their citizens decide Turkey’s fate. Controversial mosque construction, whether to permit ‘burkinis’, and attacks on free speech, are matters for Europeans, not Americans. And if the recent Turkish resistance to the Danish Prime Minister’s nomination to lead NATO is any indication of future battles in Brussels, well, then maybe the concerns of Sarkozy and Merkel have merit.

Maybe Europeans don’t believe that the old continent, “gains by diversity of ethnicity, tradition and faith.” The riots in Paris, the cartoon controversy in Denmark and the attacks on their freedom might have them a bit spooked.

Nigel Farage, the UK Independence Party leader, calls the idea “a disaster, and advises Mr. Obama to “remember that while he’s been elected President he’s been elected President of the United States only.” Good luck with that…

Stimulating the G20

 

BRITAIN G20 DINNERHe had them at bonjour. Anarchists and mainstream Europeans lauded the arrival of the ‘anti-Bush’ in London yesterday, as G20 leaders met to coordinate their cure for a crisis whose origins some would prefer to ignore. But not French President Sarkozy who noted Wednesday evening: “The crisis didn’t spontaneously erupt in Europe.”

 

Aside from the American President’s second questionable diplomatic gift, an iPod presented to the Queen, it’s the diverging opinion on how to solve the crisis making non-English headlines. The French and Germans are strongly opposed to Obama’s push for stimulus. Already overloaded with entitlement spending, they differ philosophically from a President whose budget wouldn’t qualify his country for EU membership.

 

The nonpartisan CBO contends that President Obama’s budget would incur a debt-to-GDP ration of 5.3 percent for the fiscal years 2010 to 2019. The President’s advisors have argued that his healthcare, education and energy initiatives would increase revenue, thus reducing the unsustainable deficits. But how will going green help spur corporate growth among factories and businesses whose taxes are bound to soar even higher than the tax rates which are some of the highest in the world?

 

Italian Prime Minister Berlusconi supports the French and German focus on tougher regulation, as opposed to unproven deficit-creating stimulus. In today’s column, La Repubblica’s Federico Rampini openly questions Obama’s leadership qualities by likening his ability to dictate the international agenda to former President Jimmy Carter. He called it a “historic low for America.”

 

France’s Sarkozy summed up the European opposition best—“We want a capitalism of entrepreneurs, not a capitalism of speculators.” The biggest crisis in a century wasn’t their fault, and although Obama is reticent to place blame, it’s clear and understandable why other leaders are eager to identify the cause. Because without acknowledging what went wrong, why and who is responsible, solving and preventing future disasters become impossible. Unregulated hedge funds and derivatives must be tackled.

 

According to France’s L’Express, the IMF was a big winner at the G20—its capacity went from $250 billion to $750 billion. In an attempt to demonstrate his concern for the third world, Obama additionally wants the IMF to sell off $20 billion of its gold reserves to help the poor in third world countries. Beyond making a compassionate impression, another motive might have been at play, as his budget calls for taking away charitable deductions from Americans making over $250k. Someone has to pick up the slack for Feed the Children. 

 

Bush bashers were eager to move beyond the cringe-inducing international summits of the past and into an era of change. While non-English speaking Europeans who aren’t keyed into U.S. political minutia continue to be wowed by his smile, presence and remarkable story, foreign leaders and dedicated observers are getting a clearer  picture.

Rough Week

obama_brown_460_803433c1With each day and each decision, the Obama Presidency grows more and more disturbing.

Just last week, before a joint press conference with Prime Minister Gordon Brown, we were told not to mind that pesky 50% decline in our retirement portfolios.

“The stock market is sort of like a tracking poll in politics. You know, it bobs up and down day to day. And if you spend all your time worrying about that, then you’re probably going to get the long-term strategy wrong,” he advised.

Tracking polls bob, but they bob between five and ten points max, and bobbing is rising and dipping, Mr. President. This market is dipping. It’s not bobbing up and down like a buoy in the water. Since your election, Wall St. is only bobbing down.

And speaking of poor Gordon Brown, he, along with the rest of the British public, left Washington disillusioned last week after learning just where Britain ranks on Obama’s hierarchy of countries. Middle of the pack. From the Telegraph:

… the mood music of the event was at times strained. Mr. Brown handed over carefully selected gifts, including a pen holder made from the wood of a warship that helped stamp out the slave trade – a sister ship of the vessel from which timbers were taken to build Mr. Obama’s Oval Office desk. Mr. Obama’s gift in return, a collection of Hollywood film DVDs that could have been bought from any high street store, looked like the kind of thing the White House might hand out to the visiting head of a minor African state.

Those critical of U.S diplomacy under Bush won’t be heartened by the new attitude at Foggy Bottom. Sunday, a State Department official responded to the criticism in the Telegraph:

“There’s nothing special about Britain. You’re just the same as the other 190 countries in the world. You shouldn’t expect special treatment.”

Stockholders, business owners, Europeans, and a more disheveled than usual Gordon Brown all had to feel a little less enamored with the American messiah. One group, however, had reason to sing and dance, if only singing and dancing weren’t forbidden to them.

On Sunday, in an interview with the New York Times, Obama expressed a willingness to reach out to moderates in the Taliban. I suppose by moderates, he means those Talibani who prefer hangings to beheadings or those ‘moderates’ who whip girls for educating themselves as opposed to burning schools along with their teachers.

‘Moderate’ wife beaters don’t exist, nor do ‘moderate’ al-Qaeda members. Using that term either underscores a cultural ignorance or a commitment to pacifism at all costs.

The most troublesome aspect of last week, however, wasn’t Obama’s minimizing of the ‘bobbing’ stock markets, his clumsy state visit with Brown or even his openness to ‘moderate’ Taliban fighters. It’s his approval rating hovering around 60%.

Obama is likeable, and in today’s American culture filled with ‘atta-boys’ and ‘good trys’, he might well have to cause WWIII to garner any scrutiny or negative judgments.

 

Iran Launches Satellite

ahmadinejad3Throughout the ’08 campaign, Obama promised to engage America’s enemies through direct talks. Bush’s bullying hadn’t worked and America needed change. Finger-wagging was out. Diplomacy and gentle prodding were in.

 

According to various news reports, and the not too secretive Iranian bullies-in-chief, meetings between the Obama administration and Tehran have already begun. And we can see that the new diplomacy is working, working to get Iran to the nuclear finish line even faster. In launching their satellite today, they now have ballistic missile capabilities. The White House responded with a quick statement: Iran is not acting responsibly with satellite launch.

 

In last week’s Al-Arabiya interview Obama promised an ‘extended hand’ if Iran was willing to ‘unclench’ its fist. But really Mr. President, why should Iran stop their nuclear program? Why should they act ‘responsibly’ as you suggested? As avowed enemies of the United States, Israel and western democracies, it’s in their interest to not cooperate…

 

And I thought naivete was passé.

It’s AD Oprah!!!

barack-obama-and-oprah-winfreyPlease stop.

I never watch Oprah anymore, but paused a moment while flipping channels. In between drooling over Obama and belittling Palin, Stephanopoulos addressed the BB/AB question. Oprah asked whether politics in America will really be seen as before Barack and after Barack, hence the BB/AB. Stephanopoulos agreed: we’re no longer living in AD; we’re in AB, honey.

Please stop.

For all of us trying to give Obama a break, despite his signaling the return of the ‘Fairness Doctrine’, which would silence his critics in Rush, Hannity and Laura Ingraham, it’s becoming exceedingly difficult with the mindless cult-like behavior exhibited by his followers.

Please stop the insanity.

I’m living in AD, thank you very much.

President Sarkozy Fears Obama Victory

It’s a shame that the French President can see what fifty percent of Americans cannot: An Obama victory would radically undermine current efforts to prevent Iran from obtaining nuclear weapons.

 

From Israel’s Haaretz:

Sarkozy has made his criticisms only in closed forums in France. But according to a senior Israeli government source, the reports reaching Israel indicate that Sarkozy views the Democratic candidate’s stance on Iran as “utterly immature” and comprised of “formulations empty of all content.”

 

Until now, the five permanent members of the UN Security Council plus Germany have tried to maintain a united front on Iran. But according to the senior Israeli source, Sarkozy fears that Obama might “arrogantly” ignore the other members of this front and open a direct dialogue with Iran without preconditions.

Following their July meeting, Sarkozy repeatedly expressed disappointment with Obama’s positions on Iran, concluding that they were “not crystallized, and therefore many issues remain open,” the Israeli source said. Advisors to the French president who held separate meetings with Obama’s advisors came away with similar impressions and expressed similar disappointment.

I understand the fury and frustration directed toward President Bush; however, it would be irresponsible to elect a candidate as arrogant and naïve as Obama. He has used the power of persuasion and soaring rhetoric to woo a self-interested American public, but surely he won’t persuade the dwarf or the Mullahs in Iran.

 

For sure Obama can look forward to sharing something of significance in common with Ahmadinejad. They both believe that God has sent them to save the world.

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

Obama: a Plant?


A friend forwarded me an e-mail detailing the possibility that Obama could be a plant, by going back through his past and examining various inconsistencies and troubling questions which have gone unanswered. Perhaps many of you have received these viral e-mails, like the one claiming Obama is a Muslim.

Come on. Conservatives need to stop investigating Obama, start looking at the polls and wake up. However entertaining, none of these viral e-mails addresses the real problem: the poll respondents who have him in the lead. Therein lies the problem.

Americans don’t care that Obama is a socialist; why should they care who planted him? Just this weekend, while greeting voters, Obama was confronted by a plumber who said, ‘you’re going to raise my taxes, aren’t you,’ to which Obama replied, ‘I just want to spread it around.’ That’s codespeak for socialism, Marxism and all the other redistribution ideologies that have failed over the last century or so.

The bottom line is this: Americans are ignorant and ill-informed. They believe Obama will be powerless to harm the country or their bank accounts, even though he will have both houses of Congress in his pocket to enact any tax increase he wishes.

Voters will get exactly what they deserve when they elect an anti-American socialist on November 4. Despite the complete and utter failure of the Bush administration, the polls shouldn’t be close. Voters should look at the impressive characters supporting Obama (Chavez, Castro and Ahmadinejad), at his background and philosophies, his past as a street thug intimidating banks to make loans to people who couldn’t afford them and his involvement with Acorn, Ayers and Rezko. And most importantly, they should examine his ideology.

That this election is close is a testament one of two realities: the stupidity of Americans, or their sudden embrace of Marx and wealth redistribution. Neither of the two conclusions is comforting.

In response to the financial crisis of last week, Russia’s communist newspaper Pravda headlined with ‘The triumphant return to the teachings of Marx and Engels.’  Perhaps on November 5, we’ll be staring at a similar headline in The New York Times.

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.

Obama’s Silent European Majority

Presuntuoso. Arrogante. Even if you don’t speak Italian, you can probably guess their English equivalents. Those were the first words my in-laws used to describe their reaction to the Democratic nominee for President. You won’t hear regular Europeans interviewed or their impressions discussed in the American press, but I can tell you, there are many more anti-Obamans present and unaccounted for in the old continent.

Presumptuous and arrogant. He already talks like he’s the President.

Their hunch is spot on. By finishing his world tour at a pep rally in front of 200,000 mostly German Berliners, Obama demonstrated his ability to tear down more than just racial walls. Apparently, protocol is another target. In the past, no other candidate for President has ever given a campaign speech in front of a foreign audience, called himself a ‘citizen of the world’, or lamented America’s misdeeds world-wide.

While most of the American press is drooling over the groundbreaking aspect to Obama’s run, in terms of race, and generalizing Obama’s European reception, they should instead focus on his revolutionary assault on what is acceptable conduct by a candidate for President of the United States.