Friday, August 13, 2010

Actions Matter; Intentions Are Irrelevant


To some, there is no apparent difference between actions of the U.S. around the world and those of China [which engulfed Tibet] and North Korea [that constantly snipes at its southern brethren] or Iran [which is run by pious individuals who seek nuclear fuel because they lack fossil fuels for energy].

These apologists for unethical and violent regimes and Islamists who terrorize not only their own people but those around the world who have allowed them access to open-society nations... these apologists refuse to see any difference between those nations and organizations and the U.S. which spends its money and risks its people defending others against the goals of those nations and organizations.

If the U.S. engages militarily and does so in a manner that is restrained and puts its own forces in greater danger in order to minimize casualties among non-combatants, these apologists will argue that the military is the basically doing the same thing as ... say the Taliban or the North Koreans.  It only matters that the U.S. is using force... not the reasons behind the use of the force.  These apologists will say "see, no weapons of mass destruction found in Iraq" despite the fact that when actions began there was evidence presented by the United Nations that such weapons existed and that the United Nations itself sanctioned military action and that other countries worked with the United States.  They will say, "it was all a lie just to get Iraqi oil" forgetting conveniently that the U.S. paid for its own efforts and got no oil as payment or tribute.

The reality is that the United States has and continues to be the defender and advocate of liberty around the world... a world filled with despots and terrorists... a world that would be a far more dangerous world if the likes of North Korea were simply allowed to invade South Korea without opposition.  These apologists say, "let these depots and terrorists alone and they will simply go away."  It is better to let your neighbor be enslaved than become involved.  After all, intentions don't matter... only actions.  And if your actions include military violence, then there is no difference between what you do and what they do.

Of course, the U.S. actions are not perfect.  Sometimes efforts fail or one despot is replaced by another.  The U.S. can't fix everything so it should not fix anything.  Stay out of the way of what is happening elsewhere.  If the world becomes engulfed in war or terror, forget it... as long as it is outside of U.S. boundaries.  Everything will work out in the end.  It can be fixed by trading goods and raw materials.  That will be the win-win that the world has been seeking.  Then all of the bad actions and bad leaders will disappear.

Perhaps these apologists are right.  Perhaps the U.S. should stand by and see their friends and neighbors subjected to the whims of despots and terrorists. If the U.S. does nothing, then the apologists can say that we are not to blame if an effort is not perfect.  If we do nothing, we are blameless... and without honor.

And they all lived... happily ever after.



Can"t Find It?

Use the SEARCH BLOG feature at the upper left. For example, try "Global Warming".

You can also use the "LABELS" below or at the end of each post to find related posts.

Blog Archive

Cost of Gasoline - Enter Your Zipcode or Click on Map

CO2 Cap and Trade

There is always an easy solution to every human problem—neat, plausible, and wrong.
Henry Louis Mencken (1880–1956)
“The Divine Afflatus,” A Mencken Chrestomathy, chapter 25, p. 443 (1949)
... and one could add "not all human problems really are."
It was beautiful and simple, as truly great swindles are.
- O. Henry
... The Government is on course for an embarrassing showdown with the European Union, business groups and environmental charities after refusing to guarantee that billions of pounds of revenue it stands to earn from carbon-permit trading will be spent on combating climate change.
The Independent (UK)

Tracking Interest Rates

Tracking Interest Rates


SEARCH BLOG: FEDERAL RESERVE for full versions... or use the Blog Archive pulldown menu.

February 3, 2006
Go back to 1999-2000 and see what the Fed did. They are following the same pattern for 2005-06. If it ain't broke, the Fed will fix it... and good!
August 29, 2006 The Federal Reserve always acts on old information... and is the only cause of U.S. recessions.
December 5, 2006 Last spring I wrote about what I saw to be a sharp downturn in the economy in the "rustbelt" states, particularly Michigan.
March 28, 2007
The Federal Reserve sees no need to cut interest rates in the light of adverse recent economic data, Ben Bernanke said on Wednesday.
The Fed chairman said ”to date, the incoming data have supported the view that the current stance of policy is likely to foster sustainable economic growth and a gradual ebbing in core inflation”.

July 21, 2007 My guess is that if there is an interest rate change, a cut is more likely than an increase. The key variables to be watching at this point are real estate prices and the inventory of unsold homes.
August 11, 2007 I suspect that within 6 months the Federal Reserve will be forced to lower interest rates before housing becomes a black hole.
September 11, 2007 It only means that the overall process has flaws guaranteeing it will be slow in responding to changes in the economy... and tend to over-react as a result.
September 18, 2007 I think a 4% rate is really what is needed to turn the economy back on the right course. The rate may not get there, but more cuts will be needed with employment rates down and foreclosure rates up.
October 25, 2007 How long will it be before I will be able to write: "The Federal Reserve lowered its lending rate to 4% in response to the collapse of the U.S. housing market and massive numbers of foreclosures that threaten the banking and mortgage sectors."
"Should the elevated turbulence persist, it would increase the possibility of further tightening in financial conditions for households and businesses," he said.

"Uncertainties about the economic outlook are unusually high right now," he said. "These uncertainties require flexible and pragmatic policymaking -- nimble is the adjective I used a few weeks ago."

December 11, 2007 Somehow the Fed misses the obvious.
[Image from:]
December 13, 2007 [from The Christian Science Monitor]
"The odds of a recession are now above 50 percent," says Mark Zandi, chief economist at Moody's "We are right on the edge of a recession in part because of the Fed's reluctance to reduce interest rates more aggressively." [see my comments of September 11]
January 7, 2008 The real problem now is that consumers can't rescue the economy and manufacturing, which is already weakening, will continue to weaken. We've gutted the forces that could avoid a downturn. The question is not whether there will be a recession, but can it be dampened sufficiently so that it is very short.
January 11, 2008 This is death by a thousand cuts.
January 13, 2008 [N.Y. Times]
“The question is not whether we will have a recession, but how deep and prolonged it will be,” said David Rosenberg, the chief North American economist at Merrill Lynch. “Even if the Fed’s moves are going to work, it will not show up until the later part of 2008 or 2009.
January 17, 2008 A few days ago, Anna Schwartz, nonagenarian economist, implicated the Federal Reserve as the cause of the present lending crisis [from the Telegraph - UK]:
The high priestess of US monetarism - a revered figure at the Fed - says the central bank is itself the chief cause of the credit bubble, and now seems stunned as the consequences of its own actions engulf the financial system. "The new group at the Fed is not equal to the problem that faces it," she says, daring to utter a thought that fellow critics mostly utter sotto voce.
January 22, 2008 The cut has become infected and a limb is in danger. Ben Bernanke is panicking and the Fed has its emergency triage team cutting rates... this time by 3/4%. ...

What should the Federal Reserve do now? Step back... and don't be so anxious to raise rates at the first sign of economic improvement.
Individuals and businesses need stability in their financial cost structures so that they can plan effectively and keep their ships afloat. Wildly fluctuating rates... regardless of what the absolute levels are... create problems. Either too much spending or too much fear. It's just not that difficult to comprehend. Why has it been so difficult for the Fed?

About Me

My photo
Michigan, United States
Air Force (SAC) captain 1968-72. Retired after 35 years of business and logistical planning, including running a small business. Two sons with advanced degrees; one with a business and pre-law degree. Beautiful wife who has put up with me for 4 decades. Education: B.A. (Sociology major; minors in philosopy, English literature, and German) M.S. Operations Management (like a mixture of an MBA with logistical planning)