Looks like the voters of Bolivia have chosen Evo Morales as their next presidente. Evo's a pro-narco pal of Hugo Chavez and Fidel Castro. His campaign included a pledge to become "America's nightmare."Interesting point.
What on earth should we do?
Nothing. The dumbest thing Washington could do would be to overreact and make yet another populist demagogue a hero. Bluster and threats only help our enemies.
Anti-Americanism is dying — it just happens to be a loud, slow death. The old blame-America excuses are growing thin. Left alone, the latest wave of Yanqui-go-homers will fade after they fail to live up to their promises. But with enough attention from Washington, they could hang on indefinitely. We made Fidel Castro a giant through our clumsiness. And we didn't learn. We did the same thing with Hugo Chavez, threatening to huff and puff and blow his casa down. The effect was to give him a hemispheric stage on which to strut.
Now there's a third amigo. Let's not do this one any favors by calling him names.
In Washington, it's tough to do nothing, since there's a lobby for everything. But sometimes nothing is exactly what we should do. Any signs of administration hysteria will play into Morales' hands.
Tuesday, December 20, 2005
Lefty Latin America
I've railed against Hugo Chavez's leftward power grab in South America. In the wake of one of his proteges being elected in Bolivia, Ralph Peters (subscription req'd) says not to fear, let 'em fail and be there to pick up.
Monday, December 19, 2005
Roundup
Is the idea of multiculturalism finally undermining mass media.
The Weekly Standard's Robert Kagan and William Kristol offer one explanation for why the Iraqi elections could be a turning point.
Meanwhile, their colleague Stephen Barbara looks at the world's enmity toward's U.S. .....soccer.
Pope Benedict XVI is going to "reinterpret" Vatican II according to some, though he would say he's going to finally tell the real story. Meanwhile, is the U.S. Supreme Court too Catholic?
Here are the 10 Most Conservative colleges in the U.S., according to the Young America Foundation.
With a War on Terror, what is the future of the U.S. Navy?
The Weekly Standard's Robert Kagan and William Kristol offer one explanation for why the Iraqi elections could be a turning point.
Meanwhile, their colleague Stephen Barbara looks at the world's enmity toward's U.S. .....soccer.
Pope Benedict XVI is going to "reinterpret" Vatican II according to some, though he would say he's going to finally tell the real story. Meanwhile, is the U.S. Supreme Court too Catholic?
Here are the 10 Most Conservative colleges in the U.S., according to the Young America Foundation.
With a War on Terror, what is the future of the U.S. Navy?
Thursday, December 15, 2005
A little Roundup
Arnold Kling writes that Americans don't like real health insurance--say a $10,000 deductible before any insurance kicks in--because they think what they're getting now is "free."
An Israeli general believes Saddam moved his WMD to Syria, and so do many Iraqis.
Lee Harris turns to Thomas Hobbes to supply an answer to the question of "What next?" in Iraq.
Can Europe become a melting pot?
An Israeli general believes Saddam moved his WMD to Syria, and so do many Iraqis.
Lee Harris turns to Thomas Hobbes to supply an answer to the question of "What next?" in Iraq.
Can Europe become a melting pot?
Friday, December 09, 2005
About the Economy
Brian Wesbury's comments last week about the ominipresent pessimism that seems to surround any and all economic news was a "Gee, I thought that too" moment for me. Here is what he said:
During a quarter century of analyzing and forecasting the economy, I have never seen anything like this. No matter what happens, no matter what data are released, no matter which way markets move, a pall of pessimism hangs over the economy.Read the rest of his essay for just one list of the good economic news.
It is amazing. Everything is negative. When bond yields rise, it is considered bad for the housing market and the consumer. But if bond yields fall and the yield curve narrows toward inversion, that is bad too, because an inverted yield curve could signal a recession.
If housing data weaken, as they did on Monday when existing home sales fell, well that is a sign of a bursting housing bubble. If housing data strengthen, as they did on Tuesday when new home sales rose, that is negative because the Fed may raise rates further. If foreigners buy our bonds, we are not saving for ourselves. If foreigners do not buy our bonds, interest rates could rise. If wages go up, inflation is coming. If wages go down, the economy is in trouble.
Thursday, December 08, 2005
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