CNN News: Has President Obama as the new Liberal Reagan. If CNN really think that I have a bridge in Brooklyn I can sell them cheap. If Obama was up against Ronald Reagan in his prime, Obama would still be a Junior Senator, lets see when his polls are in the toilet, it happens to every President, lets see if he can come back and win re- election, Reagan in 84 and Clinton in 96. I wish the Elite Media would like act the media and not the Obama fan club.
Wednesday, February 25, 2009
Obama on Iraq and Afghanistan
The White House: Full Text of the Presidential Address to a Joint Session of Congress. The speech I found was missing a realism, on the one hand the President wants to cut the budget while on the other hand he wants to do another Great Society, at the end of day it didn't much help LBJ. The main interest for me was the section on Iraq and Afghanistan, the President stated the following, " We are now carefully reviewing our policies in both wars, and I will soon announce a way forward in Iraq that leaves Iraq to its people and responsibly ends this war.
And with our friends and allies, we will forge a new and comprehensive strategy for Afghanistan and Pakistan to defeat al Qaeda and combat extremism. Because I will not allow terrorists to plot against the American people from safe havens half a world away. " From the leaked reports it seems that the Obama Administration will leave Iraq over a nineteen month period but leaving over fifty thousand troops in country to train the Iraq Army and Police and to fight the terrorists. In Afghanistan the Obama Administration is stuck, its the War the President wanted, he wants a half way house, he has sent seventeen thousand troops in to Afghanistan but the Defence Department wanted thirty thousand troops. One can see Obama following the LBJ model when it comes to Afghanistan, more troops and more troops, with no clear plan. The West in Afghanistan faces the same problem that LBJ found in Vietnam, as long as the terrorists can get their men from Pakistan, the war will never end, if the USA goes in to Pakistan the government will fall, the West cant have a nuclear armed Pakistan in the hands of the terrorists. Thus this never ending war is Obama's War, as Iraq did to Bush 43, Afghanistan will do to President Obama.
Deaths in Afghanistan
BBC News: Reports on the death of another three British Soldiers in Afghanistan, the total now stands at 148. If the Obama Administration is going half measures over Afghanistan, the military brass wanted thirty thousand troops, the President sent seventeen, the UK should have half the level of troops we have in theatre, if the President wants to play games we should not, our troops required and need total support from our America friends, thus if they want us to have ten thousand troops in theatre then the US President should grant the full military request for thirty thousand combat troops.
Tuesday, February 24, 2009
Leave Afghanistan - The Best Path ?
US Today: A must read article on why the West should leave Afghanistan. The article follows my own views as stated many times in this blog, leave Afghanistan and bomb from over the border. The effect Afghanistan will become a free fire zone, the terrorists will have no ware to hide, the loss of troops will be low. Read of the Day.
Taking over the Banks
Washington Post: Reports that the Obama Administration has changed the rules of the government support for Banks, they will now take an ordinary share holder interest in the banks, this means its under government control all but name. The Obama Administration should go all the way, take over all the banks in debt, clean the banks of all bad debt, create a tougher regular control of the Banks and Wall Street. Then after the banks are solvent they should be sold back to the private sector but with the US Tax Payer getting something out of the deal, lower House payments or differed payments. The banks by law should be forced under the right financial conditions to lend to small business and states such as California. The Obama Administration should not raise taxes or try to create a National Health Service in the UK model. The raise of taxes would hurt the economy, the NHS is a constant drain in the UK.
TAKING OVER THE BANKS AND OTHER FINANCIAL INSTITUTIONS!
The New York Times: Reports that US Banks and other financial business will need more billions if they are not go to broke. The Take over of in debt banks and other financial business is the last option the Times reports. If these business need more billions the question has to be asked, at what point do you say NO. What point do you let them go to the wall, the argument that if these banks and other sectors fail they will make the financial crisis worse, well is it not better to let these in debt companies go broke and start afresh. At what point does it become welfare because you afraid of the other result. It is tough question and there will come a time when the Obama Administration will not have the money to spend.
Nationalization of US Citigroup Bank ?
Politico: Reports on a meeting between Citi and the White House, could the US Government become a major shareholder in the bank. The Obama Administration should take over the US banking system, it should have look at the books, clean out all the bad debt and then return the banks to private sector once they are back in credit. This bank by bank approach could make the Banking and Wall Street Crisis last for months and years.
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