Monday, August 31, 2009
"'Taliban Now Winning: US Commander in Afghanistan Warns of Rising Casualties.' Thus ran the startling headline on the front-page of the Wall Street Journal. ... Nevertheless, in the eighth year of America's war, the newly arrived field commander conceded that US casualties, now at record levels, will continue to be high or go higher, and that our primary mission is no longer to run down and kill Taliban but to defend the Afghan population. ... The president is now approaching a decision that may prove as fateful for him and his country as was the one made by Lyndon Johnson to send Maries ashore at Da Nang in December 1965. ... And what is so vital to us in that wilderness land worth another eight years of fighting, bleeding and dying, other than averting the humiliation of another American defeat? ... Now, whatever Obama decides, we shall pay a hellish price for the hubris of the nation-builders", orginal italics, Pat Buchanan (PB), 13 August 2009, link: http://www.vdare.com/buchanan/090813_afghanistan.htm.
Amazing. Joo DW has doubts about our Afghan war. No, Stanley can't even think about our Afghan "strategy". There is nothing weird about "disconnecting the American war machine from national interests". It's been that way since Korea. A "CFR-Kennedy School" general like Stanley doesn't care about national interests. DW, well said, "the brass ... can't even think". No, it only parrots others' "magic words".
Sunday, August 30, 2009
Saturday, August 29, 2009
Friday, August 28, 2009
Thursday, August 27, 2009
Another SEC nothingburger.
Wednesday, August 26, 2009
Tuesday, August 25, 2009
Monday, August 24, 2009
"Accounting rule-making bodies should resist the kind of meddling by politicians and interest groups that recently prompted them to ease rules for valuing troubled bank assets, an industry panel recommended in a report. The report, issued Tuesday by the Financial Crisis Advisory Group, also said that existing accounting standards in the US and abroad probably have allowed financial institutions to overstate the value of assets, not the opposite, as some contend", Tom McGinty at the WSJ, 29 July 2009, link: http://online.wsj.com/article/SB124882561362388459.html.
The banks are not in as good financial shape as they want the public to believe. With the aid of Congress, bank accounting, which was bad, got worse.
Sunday, August 23, 2009
Another SEC triumph. If material, why didn't Ernst & Young, Take-Two's CPAs find this?
Saturday, August 22, 2009
Friday, August 21, 2009
Thursday, August 20, 2009
Wednesday, August 19, 2009
Tuesday, August 18, 2009
Monday, August 17, 2009
Sunday, August 16, 2009
Saturday, August 15, 2009
"President Obama claimed a triumph for spending rectitude yesterday after the Senate stripped out funding for the Air Force's F-22 Raptor fighter. Credit $1.75 billion in savings, or a third of a percentage point of the overall 2010 defense request. Only a couple of trillion more, and Mr. Obama will have a balanced budget. ... In the budget sent up to the Hill in April, [RG] made hard choices. Among them was his decision to kill the stealthy F-22, bar none the best fighter jet in the skies, and instead to focus resources on the wars in Afghanistan and Iraq. We happen to think the US needs this program to keep its superiority in the air for the next three or so decades. .. But not all conflicts are likely to be against inferior, unconventional enemies", my emphasis, Editorial at the WSJ, 22 July 2009, link: http://online.wsj.com/article/SB10001424052970203946904574302511270077996.html.
Friday, August 14, 2009
As Michael Savage says, "Borders, language, culture".
Thursday, August 13, 2009
"US Secretary of State Hillary Clinton said the Obama administration considered Russia a 'great power' and wanted it to be a strong and properous country, in an apparent effort to reassure Moscow that the White House remains committed to efforts to 'reset' bilateral relations. ... 'We view Russia as a great power,' Mrs. Clinton said on NBC News's 'Meet the Press' on Sunday. 'Every country faces challenges. We have our challenges, Russia has their challenmges. There are certain issues that Russia has to deal with on its own.' ... On Sunday, Russian President Dmitry Medvedev criticized the US over its continued support of membership in [NATO] for the former Soviet republics of Ukraine and Georgia, saying the alliance 'is not ready' to absorb them", Peter Spiegel and Alan Cullison at the WSJ, 27 July 2009, link: http://online.wsj.com/article/SB124862640632881795.html.
Wednesday, August 12, 2009
Tuesday, August 11, 2009
"Two stubborn individuals have done more than anyone else to slow the Obama political juggernaut over the last month--Frank Ricci and James Crowley. ... At Thursday's press conference, Barack Obama, in a textbook example of racial prejudice, essentially prejudged the Gates-Crowley confrontation based only on Gates' side of the story--plus the President's own abundant (but generally better-concealed) personal resentments about race. ... They are Northeasterners, civil servants, and union men. Indeed, their unions' strong opposition to the racial spoils system and to racial blackmail has been one of the keys to their fortitude", Steve Sailer, 26 July 2009, at: http://www.vdare.com/sailer/090726_fdny.htm.
"Thus the two most powerful black elected officials in the US, with no hard knowledge of what happened, came down on the side of a black professor, their buddy, against a white cop and his department, implying racial motivation in the arrest of Gates. ... The victim here is Sgt. Crowley, not professor Gates. ... But if Obama's racial reflexes served him badly Wednesday night, his political instincts served him well on Friday. For he must have sensed that this confrontation was shaping up as three powerful black men coming down hard on a white cop with a stellar record who had only done his conscientious duty. ... It was a goodly slice of humble pie the president ate, but it was a class act", Pat Buchanan (PB), 27 July 2009, link: http://www.vdare.com/buchanan/090727_crowley.htm.
Hey Eric Holder, why don't you worry about the tens of thousands in federal prisons over minor drug charges? You too, POTUS Obama. Does Skip Gates believe his experience is say that of a prisoner in Angola, Louisiana's maximum security prison? Even a white guy in Angola?
Monday, August 10, 2009
"Delphi Corp.'s lenders prevailed in a bankruptcy auction and are poised to take control of the bankrupt auto-parts supplier, beating back a government-orchestrated deal to sell the company to [GM] and a California-based private-equity firm, said people familiar with the situation. Delphi's lenders prevailed in the auction by forgiving $3.5 billion in debt they are owed, a process known as credit bidding. The debt, a so-called debtor-in-possession loan, is owned by several investment funds led by Elliott Management and Silver Point Capital LP", Mike Spector at the WSJ, 28 July 2009, link: http://online.wsj.com/article/SB124874527824585671.html.
Didn't you know? Government liability guarantees are free?
Good show Judge Robert Drain.