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Wednesday, December 12, 2012

Obama: Al Qaeda Recognized As Legitimate Government Of Syria

SEARCH BLOG: OBAMA and ARAB SPRING.

It was bound to happen.  President Obama, using the logic that "the enemy of my enemy is my friend," drank the Kool-aid and declared the Syrian "opposition" as the legitimate government of Syria.


This is the same President Obama who sent arms to the Libyan "rebels" who turned them against the U.S. ambassador at Benghazi and which subsequently ended up in the hands of the Syrian "rebels."  The problem is that these "rebels" were nothing more than another face of al Qaeda.

The President, in other words, is aiding and abetting our enemies.  In any other era, the President's actions would have been immediate grounds for impeachment and trial.  Today, it is merely grounds for the media to praise his skills in "diplomacy."
WASHINGTON - The Obama administration has formally designated a rebel group fighting in Syria as a terrorist organization in hopes of marginalizing the Al Qaeda affiliate and reducing its chances of playing a major role in the country should the government fall.
Administration officials blacklisted Jabhat al-Nusra, or the Nusra Front, describing it as a wing of Al Qaeda in Iraq, which was responsible for the deaths of hundreds of Americans during the height of the Iraq war. The Nusra Front is one of dozens of rebel groups that have emerged in the Syrian conflict.
U.S. officials hope the move will convince more mainstream opposition militias in Syria to steer clear of the Nusra Front, and will persuade Mideastern allies that may be arming the group to stop. But reaction to the blacklisting remains unclear, since many other militias respect the Nusra Front’s fighting abilities and have gained access to weapons caches by collaborating with them. [full story.]
What have we learned about the President's propensities?

  • He is willing to arm terrorist groups in the hope that they will destabilize or overthrow governments that don't align with his worldviews.
  • He will attempt to justify his actions with obfuscation and outright lies, such as the case with Benghazi, and the arming of the "opposition" in Syria in which it is "hoped" that designating a faction as terrorists will actually have any impact on who takes power when shipping weapons into a chaotic situation without the presence of American troops.
A total of 29 opposition groups, including fighting "brigades" and civilian committees, have signed a petition calling for mass demonstrations in support of Jabhat al-Nusra, an Islamist group which the White House believes is an offshoot of al-Qaeda in Iraq.
  • He will bestow legitimacy upon avowed Islamists, such as the Muslim Brotherhood in Egypt, and declare them the true democratic voice of the nation... even if its leader tried to declare himself a dictator extraordinaire and backed off due to extreme internal Egyptian opposition [However, Morsi is now attempting to use the army to suppress opposition in a second attempt to solidify his power.]

President Obama, the enemy of my enemy is not my friend.  So, why are you actively supporting our newest enemies?  Your Middle East "strategy" is leading to increased danger of a general war in that area.
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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

FEDERAL RESERVE & HOUSING

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."
November 28, 2007 FED VICE CHAIRMAN DONALD KOHN
"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."
http://www.reuters.com/

December 11, 2007 Somehow the Fed misses the obvious.
fed_rate_moves_425_small.gif
[Image from: CNNMoney.com]
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 Economy.com. "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

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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)