FINAL VOTE RESULTS FOR ROLL CALL 718 (Democrats in roman; Republicans in italic; Independents underlined) H R 3221 RECORDED VOTE 17-Sep-2009 2:06 PM QUESTION: On Motion to Recommit with Instructions BILL TITLE: Student Aid and Fiscal Responsibility Act of 2009
Events are fast pushing Israel toward a pre-emptive military strike on Iran’s nuclear facilities, probably by next spring. That strike could well fail. Or it could succeed at the price of oil at $300 a barrel, a Middle East war, and American servicemen caught in between. So why is the Obama administration doing everything it can to speed the war process along?
The article lists various elements of Obama’s weak stance against Iran, then continues:
[…]All this only helps persuade Israel’s skittish leadership that when President Obama calls a nuclear-armed Iran “unacceptable,” he means it approximately in the same way a parent does when fecklessly reprimanding his misbehaving teenager. That impression is strengthened by Mr. Obama’s decision to drop Iran from the agenda when he chairs a meeting of the U.N. Security Council on Sept. 24; by Defense Secretary Robert Gates publicly opposing military strikes on Iran’s nuclear facilities; and by Russia’s announcement that it will not support any further sanctions on Iran.
In sum, the conclusion among Israelis is that the Obama administration won’t lift a finger to stop Iran, much less will the “international community.” So Israel has pursued a different strategy, in effect seeking to goad the U.S. into stopping, or at least delaying, an Israeli attack by imposing stiff sanctions and perhaps even launching military strikes of its own.
How do you think Iran would respond to such an air strike? Their entire land force would be left largely intact. Do you think they are just going to take that and do nothing to retaliate? This is a nightmare.
The smell of trade war is suddenly in the air. Mr. Obama slapped a 35% tariff on Chinese tires Friday night, and China responded on the weekend by threatening to retaliate against U.S. chickens and auto parts. That followed French President Nicolas Sarkozy’s demand on Thursday that Europe impose a carbon tariff on imports from countries that don’t follow its cap-and-trade diktats. “We need to impose a carbon tax at [Europe’s] border. I will lead that battle,” he said.
Mr. Sarkozy was following U.S. Energy Secretary Steven Chu, who has endorsed a carbon tax on imports, and the U.S. House of Representatives, which passed a carbon tariff as part of its cap-and-tax bill. This in turn followed the “Buy American” provisions of the stimulus, which has incensed much of Canada; Congress’s bill to ban Mexican trucks from U.S. roads in direct violation of Nafta, prompting Mexico to retaliate against U.S. farm and kitchen goods; and the must-make-cars-in-America provisions of the auto bailouts. Meanwhile, U.S. trade pacts with Colombia, Panama and South Korea languish in Congress.
The article goes on to explain how the Smoot-Hawley tariff helped cause the Great Depression. This is exactly the path that President Teleprompter is treading. He is taking us head-first into the next Great Depression because he knows less about economic policy than my keyboard. He did legal work for ACORN, for God’s sake – have you seen who ACORN hires? I’m sure that woman can read a Teleprompter, too.
What do economists think of Obama’s economic policies?
Note that 83 percent agree that “the United States should eliminate remaining tariffs and other barriers to trade.” I presume that would apply to tariffs on Chinese tires.
Greg Mankiw is a Harvard University professor of economics.
UPDATE: New Michele Bachmann video!
Wow, is she ever pretty when she’s explaining free trade! Sigh.
WINTERY KNIGHT 