Monday, January 31, 2005

Glenn Reynolds on Clinton's "Iraq Liberation Act"

This is a great piece in Glenn Reynold's blog. It is called "Clinton's victory in Iraq". It shows what Clinton and Gore used to say about Iraq and how the Democrats are out of touch with reality today.

Read on.

"I passed a television at the gym yesterday, and it was showing a familiar scene: A crowd of Arabs dancing, chanting, and waving flags for the camera.

Stereotypically, of course, those kinds of Arab crowds are celebrating something awful: A terrorist attack, the downing of a plane, whatever.
But this time, they were celebrating democracy.

And it occurred to me that the "root cause" crowd ought to be celebrating along with them.

After all, we've heard for decades that Arab terrorism resulted from Arab despotism, and that if we wanted to end terrorism we ought to quit supporting Arab despots and work for democracy.

But it was all talk until one brave man in the White House stood up for Iraqi freedom.

That man was Bill Clinton, who signed the
Iraq Liberation Act back in 1998.

That Act called for "regime change," and the replacement of Saddam with a democratically elected government.

And that's what we're about to get! Nor was Clinton alone.

As Al Gore observed:

Even if we give first priority to the destruction of terrorist networks, and even if we succeed, there are still governments that could bring us great harm. And there is a clear case that one of these governments in particular represents a virulent threat in a class by itself: Iraq.

As far as I am concerned, a final reckoning with that government should be on the table. To my way of thinking, the real question is not the principle of the thing, but of making sure that this time we will finish the matter on our terms.

But finishing it on our terms means more than a change of regime in Iraq.

Gore said we need to stand up for democracy. And we have.

Only Al Gore isn't saying much now.

What's hard to understand is why so many Democrats -- including big-name Democrats like Ted Kennedy and John Kerry -- have taken such a different stance today.

Kennedy declared the war lost and the elections a failure just last week.

Kerry was churlish and negative on Meet the Press yesterday.

Mickey Kaus blames the Internet for this attitude, and there may be something to that.

Jim Geraghty thinks it's the 2008 primaries already. But I don't think either of these explanations hits the mark.

I think it's jealousy. Bush-hatred has become all-consuming among a large section of the Democratic Party, and they can't stand the thought of anything that reflects well on him, even if it's good for the country, and if it's something that was their idea originally.

The question is whether the Democratic Party -- which ought to be cheering events that vindicate Clinton's policies -- will do itself fatal damage by giving in to envy.

Such small-mindedness doesn't suggest a party that's ready to govern."

You are right Mr. Reynolds. This is not a party fit to govern. This is a collection of whiners and losers intoxicated on anti-Bushism. They are a party that can't get over '94 or anything since.

To put it bluntly, this is not FDR or Truman's party anymore.

Ted Kennedy, conclusion

It's over for Ted Kennedy. He can't even win the hearts and minds of his fellow Democrats.

During the Sunday election coverage, every Democrat moved away from Kennedy's horrific speech last Friday.

Kennedy said that the US military was the problem not the solution. He added that we were losing the battle of the hearts and minds.

Sorry Sen. Kennedy. It looks like you are a big part of your party's problem. Also, you are not winning the hearts of minds of your fellow Democrats.

Iraq is not Bush's Vietnam. Instead, Ted Kennedy has become the Democrat's Chappaquidick!

Sunday, January 30, 2005

The people of Iraq 1, Saddam 0

The Toronto Star had a story yesterday. It quoted a Canadian working as an advisor for the Iraqi elections. This is what he said:

"The big story just isn't getting out. But it is really happening.

Despite what you see on cable news, despite the bombs and the beheadings, Iraqis are putting their lives on the line for this thing called democracy.

They have a thirst for it. They want it. And they're getting it."

This Canadian fellow turned out to be prophetic.

Early Sunday morning, I turned my shortwave radio to the BBC. The news from Iraq was stunning. They had an election and close to 70% turned out to vote. The bad guys made all kinds of threats but the people voted anyway!

Then I watched the Sunday morning shows. The video from Iraq was inspiring. Lines of people, including women, turned out to vote.

The anti-Americans are going to have a tough time spinning this one. Voter turnout was high. The terrorists did not scare the voters despite 31 deaths.

Am I surprised? No.


Because the international press has not been telling the truth about Iraq. There has been a campaign to turn everything about Iraq into a massive failure.

Iraq is not a failure. Iraq is not Vietnam.

Are there challenges ahead? Yes.

But there are challenges in the US and we have a 230 year old democracy!

Congratulations to the millions who voted for Iraq. They are the real heroes of the moment!

It's now time for the world to rally around the good people of Iraq and get over Bush.

Last but not least, congratulations to Pres. Bush for sticking with the election date and having the stomach to fight this war against terrorists!

Saturday, January 29, 2005

Where are the liberals?

It continues to amaze me that the Iraq elections have so little support among Western liberals. So let's hear it from the horse's mouth, or more correctly from the terrorist's mouth.

In the words of Musab al-Zarqawi:

"We have declared a fierce war on this evil principle of democracy and those who follow this wrong ideology..."

"Democracy is also based on the right to choose your religion," he said, and that is
"against the rule of God."

"Anyone who participates in these elections has committed apostasy against Allah."

This fellow does not sound very tolerant. In fact, he sounds like the kind of man that most liberals would not enjoy living under.

I will support these elections. I will always support elections, whether they are in South Africa, Iraq, or someday, in Cuba.

Iraq's first elections are indeed the first steps in a long journey toward self-rule. Will it work? Time will tell. I will always bet on self-rule. I will always be on the side of those who cast a ballot rather than those who blow up innocents.

Thursday, January 27, 2005

Don't worry about Ted Kennedy

I know that many of you are furious with Ted Kennedy's recent speeches. I understand. I don't like what he is saying either.

My own view of Sen Kennedy has changed over the years. In the 1970s, I saw him as the man who ran away from an accident and left Mary Jo Kopechne to drown in Chappaquidick. In the late 1980s, Kennedy developed a more serious side and turned into a very good liberal senator. Lately, Ted Kennedy has turned into an absolute "cheap shot" artist.

Again, don't take my word for any of this. Call the 50 Dem state party headquarters and ask a simple question: Are you going to bring Ted Kennedy down to campaign with your local candidates? Officially, you will get the party line. In private, they will tell that they think that Kennedy is an electoral liability!

Why is Sen Kennedy so vocal these days? The answer is very simple. Few Democrats want to attack Bush.

Look at the numbers. Bush carried 31 states which translates into 62 of the 100 Senators. There are 16 Dems running for reelection in '06 and they remember a fellow named Tom Daschle. Why did Dashcle lose in '04? Because he got too close to Ted Kennedy.

The Democrats running for reelection understand some electoral realities:

1) The liberals will make more noise and yell more creepy obscenities.
2) The conservatives will get out the vote.

Liberals win the yelling contest. Conservatives win at the ballot box.

This is why Dems in red states avoided Gonzalez and Rice. They left that to Kennedy and Boxer. Someone has to keep the Hollywoodies, Michael Moore and the anti-war left happy and continuing to make contributions to the Dem party.

The bad news is that Kennedy is going to be very vocal in the near future.

The good news is that he will excite the Republican base and bring down more Dem incumbents in '06!

Keep Ted Kennedy talking. Please keep Ted Kennedy talking!

Wednesday, January 26, 2005

The Dems civil war

There is going to be a civil war. It will be bloody and have regional ramifications. This is not a preview of life in Iraq. This is the near future of the Democrat party.

Get ready for the mother of all civil wars!

This stuff has been brewing since 1972, the year that Pres. Nixon was reelected by snatching the South and breaking up the southern conservative/northern coalition that elected FDR, Truman, JFK and Johnson.
For years, the Democrats were the majority party. They were the party of segregationist Southerners, conservative Texans, Western ranchers and northeast liberals. They put together an impressive coalition that included middle class whites and small business owners. It included labor as well.

Nixon was a brilliant man. He saw this crack and seized on the opportunity. Nixon appealed to what he called the "silent majority". It worked beautifully in '72! It set the table for the 49 state sweep and 61% popular vote landslide against McGovern '72. Things got so bad for McGovern in '72 that he did not even carry his own state of SDakota.

Watergate bought the Dems a little time and reversed some of Nixon's gains. In '78, the Republicans made a huge comeback in the mid term elections. Carter's presidential incompetence brought about the Reagan landslide of '80 and planted the seeds of what is now the Republican majority under GWBush.

In '80, '84 and '88, most Dems in the South and West ran away from Carter, Mondale and Dukakis. They ran independent campaigns, often not even calling themselves Democrats. Their complaint: these guys in the national party are too liberal for ____ (fill in the blank with the name of a state)

The Democrats got lucky in '92 when Perot came back in the race. The first Bush was a great president but a lousy campaigner. Perot split the white middle class with Bush. Clinton was elected with 43% of the vote. It put the Dems back in the White House. It was also the beginning of the end for the Dems as a major national party.

The first shock came in '94 when Clinton lost the House, Senate and drove Anne Richards into early retirement. The Republicans retained the House and Senate in '96 and have since.

From '94 to '04, the states' Dem parties have avoided the likes of Hillary Clinton and John Kerry.

No Dem running for President in '04 was invited to campaign in governors elections in Mississippi, Kentucky and Louisiana. The local Dems decided that it was too risky to bring a national party figure to campaign on their behalf. On the other side, the state Republicans could not get enough of Pres. Bush!

It got worse in '02 and '04.

In '02, consultants warned the Dem leadership that Clinton cut both ways. He generated enthusiasm in the inner city but, more importantly, boosted Republican turnout in the suburbs.

In '04, Kerry was not mentioned by Dem candidates running for the US Senate in Florida, et al. On the other hand, every new Republican senator ran with Bush.

Tom Daschle even showed pictures of him embracing Bush. One of our local candidates, incumbent Democrat Martin Frost, campaigned saying that he supported Bush more than his Republican opponent.

On election night '02 and '04, you could see the anger in the faces of Texas Democrats. You could read the message in their faces:

We can't compete if the national party keeps wrapping Hillary, Teddy the K, abortion and homosexual marriage around our necks.

The Texas Dems were not alone. State Dems all over the country could not compete with Republicans singing the same tune:

I am a conservative and my opponent is a liberal.

Democrats all over the South and West, representing almost 200 of the 270 votes needed to win the White House, were screaming and wondering who sat Michael Moore next to Jimmy Carter at the convention. This picture was used over and over to portray the Dems as the party of Michael Moore!

Others were furious that someone at the Boston convention gave out T-shirts to women saying: I had an abortion. This picture went all over specially in rural areas where cultural issues matter a lot!

One of my conservative Dems friend said to me: Hey, what plays in secular Europe does not play in Texas.

It led me to say: This is not your daddy's party.

He said: It ain't!

I think that we are witnessing the end of the Democrat Party. It will split into two groups.

The Michael Moore Democrats will continue to take their flock further and further to to the left turning into an American version of Mexico's PRD or some European leftist party.

The Moore Democrats will support higher taxes and more secular socialism. They will drift further into irrelevancy and elect a few city council members in places like Berkley, CA and Madison, WI.

Their influence will be minimal and no one will take them seriously despite the fact that they will make more noise and yell more obscenities than the two parties combined! They won't win elections but they will be loud and very bitter!

The rest will emerge as a centrist group, very tolerant of pro life voters, realistic about taxes and very conservative on terrorism. They will try to get back in the game by speaking to the white middle class about education, crime and illegal immigration.

I can guarantee you this: Michael Moore will not sit next to Jimmy Carter in '08 and women won't be walking around with T-shirts boasting that they had an abortion!

Get your guns out. The shooting is about to start. These Democrats are about to cut each other to pieces!

What do we do? Enjoy the cat fight. Sit back and watch a political version of Thursday night wrestling.

Tuesday, January 25, 2005

Never has American prestige in Europe been lower!

"Never has American prestige in Europe been lower!"

Sorry anti-Bushies. The above statement was not made by John Kerry or Ted Kennedy. It does not come from a Michael Moore film or some left wing newspaper in Europe.

It appeared in a 1946 LIFE magazine article about the post war problems. Fifty-nine years ago, frustrated Europeans wondered out loud if the US liberated them or simply destroyed their cities with massive bombing.

Pres. Truman wasn't very popular either. Most of Europe thought that he was unfit for command, a lightweight with a rather blunt way of answering questions.

"Europeans. Friend and foe alike, look you accusingly in the face and tell you how bitterly they are disappointed in you as an American."

Sorry anti-Bushies. This is not a Parisian reacting to Bush's victory in the '04 election. This is another remark made in '46 when most Europeans were wondering if the US would had won the war, and as they say today, lose the peace!

It keeps coming. By the way, you can read the entire article and check the cover page by going to or read all of these stories in

"Grave concern was expressed today by informed officials that the United States might soon lose the fruits of victory in Germany through the failure to prepare adequately for carrying out its long-term commitments under the Potsdam Declaration."

"An exhaustive compilation of opinions of Germans in all walks of life on their reaction to the United States occupation of their country was released this afternoon from the confidential status under which it was submitted to officials of the United States Forces in the European Theatre recently.
Bitter resentment and deep disappointment was voiced over the Americans' first six months of occupation, though there was some praise for the improvements in transportation, health conditions, book publishing and entertainment."

"United States Seventh Army headquarters announced today that plans had been completed for initial German elections in January at Gemuende. A statement said that a vast majority of Germans remained passive in attitude toward politics and displayed no disposition to take over civic responsibilities."

Once again, these are not '04 Democrats talking about Iraq or the upcoming election. This is the NYTimes from its coverage of the occupation of Europe. (

Some things don't change. Occupations are tough and the NYTimes is the newspaper of "doom"! Do you want a daily dose of pessimism? Just read the NYTimes!

Thankfully, Pres. Roosevelt did not have weekly polls, a partisan opposition and a media determined to do anything, including running a story based on forgeries, to elect the other guy.

FDR, and subsequently Truman, had a different reality. Those of us who love freedom are thankful of that!

The Republicans of the early 1940s decided that beating Hitler and Japan were more important objectives than denying FDR another term. They saw evil and decided to fight it with all of their energies even if it meant that FDR, their political opponent, would get the credit.

Why can't the Democrats of '04 be more like the Republicans of '44?

Monday, January 24, 2005

The election in Iraq: Ballots vs Bullets

In a perfect world, there would be no hunger, every child would have a responsible father and terrorists would not blow up election workers in Iraq.

Unfortunately, the world is not perfect. Neither is US history or anybody else's!

I have incredible admiration for the good people of Iraq. Despite threats, they are planning to show up next Sunday. Now that's courage!

The negative brigade is out in force saying that some regions won't participate because of violence. This is true. But it is not enough to disqualify this election or deny many their right to vote!

Between 1860 and 1872, the US had 4 elections and a Civil War in the middle. In '60, Linconl came into town secretly for fear of a kidnapping or assassination. In '64, half of the nation had a President named Jefferson Davis. In '68 and '72, US troops occupied southern states. Many Americans, and certain regions, did not participate in those elections.

Over in Iraq, the people will prove the negative brigades wrong. They will show up to vote. They will deliver the knockout punch to the thugs who are doing everything possible to deter an election.

The Iraqi people will show up. It does not mean that Iraq will turn into a perfect democracy. Violence will go on. Innocents will be killed by barbarians bent on stopping an election.

But the people will show up! That's a major victory in itself.

Karl Vick of The Washington Post reports that:

"An overwhelming majority of Iraqis continue to say they intend to vote on Jan. 30 even as insurgents press attacks aimed at rendering the elections a failure, according to a new public opinion survey.
Western specialists involved with election preparations said they were struck by the determination and resilience of ordinary Iraqis as they anticipate their country's first free election in half a century.

I agree with this. The real story of Iraq has gone unnoticed. The good news from Iraq has gone unreported in the international media.

Yet, this is no longer about the war. It is about a vote in Iraq. As Jeff Jacoby wrote in THE BOSTON GLOBE:

"The war to topple Saddam may have been wise or foolish, but for the Iraqi people, there is no turning back. They have, to take a phrase from Ronald Reagan, a rendezvous with destiny. As they head to the polls next Sunday, the prayers of all free people -- and all who yearn to be free -- go with them."

One of my favorite liberals is Thomas Friedman of THE NEW YORK TIMES. He sees the big picture. He is not angry at Iraq because of the 2000 elections. He sees the threat as well as the opportunities in Iraq. He writes:

What's sad is that right when we have reached crunch time in Iraq, the West is totally divided. All that the Europeans care about is being able to say to George Bush, "We told you so." What happens the morning after "We told you so" ? Well, the Europeans don't have a Plan B either."

Iraqis will turn out in large numbers. They will have an election. More from Friedman:

"This is a war between Iraqi voters and insurgents - ballots versus bullets.And the people who understand that best are the fascist insurgents.
That is why they are not focusing their attacks on U.S. troops, but on Iraqi election workers, candidates, local officials and police.

The insurgents have one credo: "Iraqis must not vote - there must be no authentic expression of the people's will for a modern, decent Iraq. Because, if there is, the world will see that this is not a war between Muslims and infidel occupiers, but between Muslims with bad ideas and Muslims with progressive ideas."

The terrorists get it. They know what the battle in Iraq is all about. The Iraqi people get it, too. This is why they will show up.

Peter Brookes puts it best:

"Sorry, oracles of doom: You're about to be disappointed. "

Friday, January 21, 2005

Has Hillary Clinton found God?

There is a story in the Boston Globe today that Sen. Hillary Clinton has started to insert the word God in her speeches. She is even claiming to be a person that "prays" a lot.

I think that this is wonderful. I am glad that Hillary Clinton prays and has faith in God.

My question is this: Will they call her a religious fanatic? Will the liberals say that Sen. Clinton can not separate church from state? Will the liberals say that she is too close to God to govern?

This is what the liberals say about Pres. Bush!

This is from The Boston Globe:

"In a speech at a fund-raising dinner for a Boston-based organization that promotes faith-based solutions to social problems, Clinton said there has been a "false division" between faith-based approaches to social problems and respect for the separation of church of state.

"There is no contradiction between support for faith-based initiatives and upholding our constitutional principles," said Clinton, a New York Democrat who often is mentioned as a possible presidential candidate in 2008.

Addressing a crowd of more than 500, including many religious leaders, at Boston's Fairmont Copley Plaza, Clinton invoked God more than half a dozen times, at one point declaring, "I've always been a praying person."

She said there must be room for religious people to "live out their faith in the public square."

Welcome Hillary Clinton. I am happy to hear that you see a space for religious people in the public arena. I am delighted that you support the wonderful work done by black churches on behalf of inner city kids left behind by the welfare state and public schools.

I won't question Hillary Clinton's motives. I will give her the benefit of the doubt. I won't question any liberal's recent public conversion to religion. I won't be cynical and say that it is based on electoral results.

I do have one genuine request:

Can the liberals stop calling us the American Taliban?

I find that very offensive!

Thursday, January 20, 2005

Someone was holding a sign: I want my country back

We live in a free country. People actually have the right to make fools of themselves.

During the early stages of the Bush parade, there were several signs that said: I WANT MY COUNTRY BACK.

They looked like mass produced signs. There were several mass produced placards, like the one with W's face and the word LIAR.

As I said, we live in a free country. Unlike Saddam or Castro, the US gives you the opportunity to mass produce such signs and display them at Bush's parade.

My question is this: Who does he want the country back from? The voters? How did Bush become President?

As I recall, we had an election. Bush won a majority of the popular vote and the electoral college. He increased Republican totals across the country.

What does this protester want? Who is supposed to give him his country back? It is sad that the US left has been reduced to silly placards and yelling 4-letter words at police officers.

So my advice to this fellow is this: Win the next election and you will get your country back. It's very simple.

In our system, we have elections. One side wins and they get to watch victory parades. The other side loses and moves on. Then there is the Michael Moore wing of the Democrat Party and they make fools of themselves!

Bush won, get over it and let's govern!

The election is over. It's time to govern!

In Jan '69, LBJ was packing up to return to Texas. Nixon was getting ready to move into the White House. Someone asked Pres. Johnson: Why did the Democrats lose the '68 election? LBJ said: They did not get enough votes!

Last week, Joe Biden got back from Europe. He told the Europeans: get over it. Bush won, get over it!

We are now in the 11th week of the "Why Kerry lost" episodes. The Democrats have promoted every theory, from some silly Ohio conspiracies to the values voters.

No one has said the obvious: Bush won. He carried 51% of the popular vote and won the Electoral College, 286-252.

Bush won, get over it!

Elementary, very elementary. Get over it!

Ted Kennedy's recent speech (more like a rant) just shows that the Democrats don't get it. First, what political consultant advised the Democrats to put Ted Kennedy's face on the party? The Democrats need an urine sample from that consultant. Ted Kennedy is the last person in the world who should be speaking for the party. Does this party want to win? Another liberal voice from Massachusetts?

The US map will continue to be red all over until the Democrats nominate a person who understands the party's electoral dilemma. They already have all the liberals. What they lack is support from middle-class white families in fast-growing suburbs.

So come on Democrats. Get ready to govern. Let's hear some constructive alternatives to Bush's ideas.

Speaking of Social Security, what alternatives are the Democrats proposing? This is a program created in 1935 and the bulk of the benefits will be paid after 2015? Drop the class warfare game. Are Democrats comfortable with doing nothing? Are they going to raise the payroll tax or cut benefits?

Let's govern. Give me ideas not just stupid class warfare.

As for the war on terror, don't give me partisan cheap shots on Iraq. John Kerry looked at the same info that Pres. Bush did. He walked out of the meeting and gave a stern speech about Saddam, WMDs and the threat it posed. Every Democrat, from Ted Kennedy to Nancy Pelosi, applauded Pres. Clinton's position on WMDs.

Let's get real, Democrats.

Let me close with Michael Goodwin of The NYDaily News:

"Boxer and Kennedy are living in the past, back when it was okay for limousine liberals to tell the rest of us how to live. And maybe they're going a little nuts with frustration because white-bread Bush was reelected and he's the one nominating the first Hispanic attorney general and the first black female secretary of state.

Whatever's bugging them, Kennedy and Boxer need to get a grip. They're embarrassing themselves and defining their party as a bunch of sour-grapes, out-of-touch losers. All the talk about Dems moving back to the political center and working with Bush is being demolished every time these two open their potty mouths.

Of course, there is another, even more scary possibility:

Maybe Kennedy and Boxer actually speak for the majority of their party.
In that case, Dems are in more trouble than they can ever imagine."

Monday, January 17, 2005

A note to my international friends

After the primaries, John Kerry tried to impress the voters by saying that world leaders supported him over Bush. Within days, Kerry was not saying that anymore. Kerry's pollsters told him the truth: Americans are not very fond of the world these days. Kerry did not repeat this line anymore!

Let me make a prediction. The American public is fed up with the world and the cheap shots. I pick up these vibes everywhere, from casual talk to serious political conversation.

The anti-world message is all over talk radio, the town meeting of modern America. Do you want to know what Americans are thinking? Listen to talk radio! Americans are angry at the world. They feel that the world is taking too many cheap shots.

I think that most Americans feel unappreciated. I am not suggesting that Americans want roses every Friday. I think an occasional "thank you" would do! The world owes the US, its military and taxpayers lots of "thank you's" rather than all of the cheap shots that we've been hearing lately!

The straw that broke the camel's back was the "stingy" comments made by some idiot at the UN. I think that you will see increasing pressure to pull the US out of the UN.

What we are hearing from the world goes beyond criticism. They are cheap shots. It has become fashionable in many corners to attack the US. Look at any international newspaper and you will see mean attacks on the US. Much of the world's press has completely forgotten that Saddam Hussein left thousands of mass graves and used chemical weapons twice.

John Fund of THE WALL STREET JOURNAL reports today that

"....Jean-Pierre Tailleur, the author of a book that harshly criticizes the French media, says the coverage of the Iraq war in some French media was almost cartoonish in its opposition.

"They minimized the atrocities of Saddam's regime and presented Bush as a criminal on the same level as Saddam and Hitler, wrote Tailleur."

Comparing Bush to Hitler or Saddam is a cheap shot. We can expect that from fringe leftist groups. Unfortunately, we are now hearing this from the mainstream press. That's unacceptable as well as ignorant.

Some soften the cheap shots by saying that they hate Bush but love Americans. I can understand this to a point. It may explain the ideological differences with Bush but not the cheap shots.

Bush is a straight shooter. He is blunt and he did not hold back after 3,000 Americans were murdered on 9-11. He is also the kind of fellow that will do what he says. In other words, if Bush says "come clean or face consequences" then Saddam will face consequences if he does not come clean!

Also, Bush is a conservative and many of our allies have left of center leaders at the moment. I don't expect Bush to have much in common with Canada's Paul Martin or Spain's J.L. Rodriguez-Zapatero.

You can disagree with Bush. But calling the US evil goes beyond that. Putting Hitler and Bush on the same sentence is nonsense. Cheap shots are cheap shots.

Why are Americans getting so disenchanted with the world?

It starts at the United Nations, an organization that is subsidized by US taxpayers but spends its time calling us "stingy" or issuing resolutions attacking Israel. Of course, the UN also spent the last few years looking the other way as Saddam Hussein used the Oil for Food program to buy favors from member states like France.

Another reason is that most Americans have a father or grandfather who fought in WW2, Korea or Vietnam.

Let's start with France which was liberated by US soldiers in WW2. There are thousands of US young men buried in France. Without their sacrifice, the French would have been forced to fight Hitler on their own. (Any bets on a French surrender?) Yet, French leaders go around blasting US imperialism.

The Rasmussen Reports shows that "...Fifty-seven percent (57%) of American voters have an unfavorable view of France...25% have a favorable opinion of that nation. In fact, more Americans believe France is our enemy (31%) in the War on Terror than believe Jacques Chirac's country is our ally (22%). A plurality, 43%, believe that France's role is somewhere in between ally and enemy."

Is anyone surprised? I am not. Iraq is a factor. But the overall arrogant anti-Americanism of the French is a bigger factor.

From DeGaulle to Chirac, the French have had a bad case of superpower complex. Yet, France is neither a superpower or much of any power.

Who are the French fooling? They are not fooling the American people anymore!

Another reason is that US soldiers, and tanks, protected Western Europe and the world after WW2.

Why didn't Soviet tanks march into Paris or Berlin?
Why did Taiwan, South Korea and Japan turn into economic success stories rather than nations threatened by China or the USSR?
Why didn't Soviet submarines put Mexican oil fields at risk?
Why do oil tankers travel freely in the Persian Gulf?
Who protects the world's commercial sea lanes?
Who checked the Soviets throughout the world?

The answer is US power, i.e., the US military. The second answer is US presidents who were not afraid to use that power.

Every American taxpayer has paid for the defense of the world. Europeans have enjoyed 60 years of peace because the US was prepared to stop Soviet tanks. Frankly, new generations of Europeans are ingrates and ignorant of the US sacrifice in blood and treasury.

Why do people in European capitals have the freedom to march against the US? Because they were not overrun by Soviet tanks. American power gave the Europeans the freedom to march against American power.

Who are these people fooling? They are not fooling the Americans anymore!

How bad has the US been as a superpower? Victor Davis Hanson is a professor and commentator on world affairs. He wrote:

"Imagine a world in which there was no United States during the last 15 years. Iraq, Iran, and Libya would now have nukes. Afghanistan would remain a seventh-century Islamic terrorist haven sending out the minions of Zarqawi and Bin Laden worldwide. The lieutenants of Noriega, Milosevic, Mullah Omar, Saddam, and Moammar Khaddafi would no doubt be adjudicating human rights at the United Nations. The Ortega Brothers and Fidel Castro, not democracy, would be the exemplars of Latin America. Bosnia and Kosovo would be national graveyards like Pol Pot's Cambodia. Add in Kurdistan as well — the periodic laboratory for Saddam's latest varieties of gas. Saddam himself, of course, would have statues throughout the Gulf attesting to his control of half the world's oil reservoirs. Europeans would be in two-day mourning that their arms sales to Arab monstrocracies ensured a second holocaust. North Korea would be shooting missiles over Tokyo from its new bases around Seoul and Pusan. For their own survival, Germany, Taiwan, and Japan would all now be nuclear."

Read the last paragraph again and again.

In fact, the US has been a very responsible power. The US has freed more people than all of its critics. Again, where would the world be without the US foreign policy?

The anti-American world is about to have a reality check over the next 10 years because of China and the coming changes in Europe. As they say in Texas, there is a big attitude adjustment coming!

It won't be long before Muslims have enough votes to change governments in Europe. Can the secular Europeans co-exist with people who view abortion and homosexual marriage as sins? Can they share power with people who think that the role of women is to have lots of babies and cover their faces?

Time will answer these questions. Early results from Holland are not very encouraging.

It won't be long before China starts pushing its weight around the world. China needs oil and natural resources to feed its growing economy. China is determined to feed itself.

Who is going to stop China? The Chinese will laugh at the Kyoto-tistas and won't give "a four letter word" what the Western liberals think about nuclear power or environmental concerns.

Marshall Auerback is an international strategist with David W. Tice & Associates, LLC, a USVI-based money management firm, wrote this recently on China:

"China's already vigorous response to this challenge is likely to bring it increasingly up against the United States. Venezuelan President Hugo Chavez, for instance, returned from a Christmas trip to China where he apparently sold America's historic Venezuelan oil supplies to the Chinese together with future prospecting rights. Even Canada (in the words of President Bush, "our most important neighbors to the north") is negotiating to sell up to one-third of its oil reserves to China. CNOOC, China's third largest oil and gas group, is actually considering a bid of more that $13 billion for its American rival, Unocal. The real significance of the deal (which, given the size, could not have been contemplated in the absence of Chinese state support) is that it illustrates the emerging competition between China and the U.S. for global influence -- and resources.

The NYTimes reports that China is moving rapidly into nuclear power:

"There are countless ways to show how China is climbing the world's economic ladder, hurdling developed countries in its path, but few are more pronounced than the country's rush into nuclear energy - a technology that for environmental, safety and economic reasons most of the world has put on hold."

In the near future, China will disrupt environmental protocols, cheat on trade accords, and push their neighbors.

China will be a threat to Taiwan and Japan.

A report from points out that Japan has been increasingly alarmed by the expanding military capabilities of China. The guidelines said: "China, which has a great impact on security in this region, is pushing ahead with enhancing its nuclear and missile capabilities in modernizing its navy and air force while expanding marine activities."

What liberal group is going to tell the Chinese that they are polluting their air, abusing their workers and violating human rights accords?

What Chinese leader is going to care what the NYTimes thinks? They will laugh at the liberals in much the same way that Hitler laughed at the appeasers of the 1930s.

The US won't look so evil after China starts to push its weight around.

So let me close by going back to Professor Hanson:

"We will finish the job in Iraq, nursemaid democratic Afghanistan through its birthpangs, and continue to ensure that bandits and criminal states stay off the world's streets. But what is new is that the disenchanted American is becoming savvy and developing a long memory — and so we all fear the day is coming when he casts aside the badge, rides the buckboard out of town, and leaves such sanctimonious folk to themselves."

Friday, January 14, 2005

CBS and the liberal crusaders

The CBS scandal brings to an end the age of the liberal crusader journalist. No more crusades, just cover the story and don't forget to check the accuracy of the documents.

The liberal crusader journalist of the last 30 years, LCJ for short, was a Democrat party partisan, even though he or she always denied it. They promoted the liberal agenda, from their anti-business stories to mocking Reagan.

The success of talk radio, FOX NEWS, and more recently the bloggers, is a reaction to the liberal bias.

The LCJ saw a Vietnam in every war and a Watergate in every politician. He or she believed that they had a duty to bring down governments, particularly Republican administrations.

From Nixon to Bush 43, the media was hostile to conservatives. In '92, a poll of journalists showed that they voted for Clinton in huge numbers. On the other hand, the popular vote was only 43% for Clinton.

Mary Mapes, the lady producer fired by CBS, was your typical liberal crusader protecting all of us against evil Bush. She was so determined to protect us that she fell for a worthless story peddled in Texas.

Mapes won't get to write her bestseller book entitled "All the President's memos". She won't get to see liberal icon Brad Pitts play the courageous journalist in the movie of her book. She won't have the pleasure of having Barbra Streisand do the theme song for the film soundtrack.

Sorry Mary. You won't get to see John Kerry assume the presidency next week either. As THE OAKLAND TRIBUNE reports:

"Mary Mapes, the longtime Texas-based producer who basically did what little reporting was done, clearly considered the story an important opportunity to help defeat Bush at the polls and contacted the campaign of Sen. John Kerry."

Sorry Mary. You should read what Howard Fineman of Newsweek is writing about you and the rest of the LCJ's in an article titled "The party is over":

"The crusades of Vietnam and Watergate seemed like a good idea at the time, even a noble one, not only to the press but perhaps to a majority of Americans. The problem was that, once the AMMP declared its existence by taking sides, there was no going back. A party was born.

Were Dan Rather and Mary Mapes after the truth or victory when they broadcast their egregiously sloppy story about Bush's National Guard Service?

The moment it made air it began to fall apart, and eventually was shredded by factions within the AMMP itself, conservative national outlets and by the new opposition party that is emerging: The Blogger Nation."

Sorry LCJ's. The crusade is over.

Monday, January 10, 2005

CBS and the documents

During the '04 election, I warned my liberal friends to avoid the Bush military service story. I recall this story back in '94 when Bush beat incumbent Richards. It came out during the campaign and Bush answered some questions. Richards dropped it, in the same way that Al Gore killed it in 2000.

I warned my liberal friends to stay away from this story. It was not a story. It was a lot of nonsense promoted by people with an agenda rather than people with the truth.

I said: Don't fall for this garbage. I also told them that Bush would be reelected with a majority of the popular vote and that Republicans would sweep the Senate. But my liberal friends are bad listeners. They should listen to me more often.

The liberals of 2004 could not avoid the red meat of an anti-Bush story. They fell for it like a bunch of suckers eating out of Karl Rove's hand.

Why? Because the liberals of 2004 were so eager to beat Bush that they lost their common sense. It is part of the irrational anti-Bushism that makes good people do stupid things.

As I have written before, anti-Bushism is a disease. It affects your mental system and turns reasonable people into irrational anti-Bushies. It's really sad. They will believe anything and support any conspiracy theory about Bush.

What is the cause of this disease? The 2000 election, of course.

The liberals really hate Gore but they don't have the courage to say so. They hate VP Gore for losing in 2000 despite having incumbency on his side and running against a Texas governor with a famous name.

It was Gore who could not carry Tennessee. It was Clinton who could not deliver Arkansas. In the end, it was Tennessee and Arkansas that gave Bush the presidency.

Florida was an unpleasant distraction from the reality of 2000. Florida was a lot of hot air and massive denial about the fact that Bush won every recount in the state. Can you find one recount of Florida that gave the state to Gore? No. But I will show 6 different recounts, conducted by 6 different newspapers, that supported Bush's win.

The entire Florida myth is now part of the liberal folklore. They repeat this story over and over again. They eat it every morning along with their corn flakes. They cry about it at their conventions.

Yet, I would suggest that liberals read what Peter Kirsanow wrote about this. He is a member of the U.S. Commission on Civil Rights:

"The U.S. Commission on Civil Rights conducted a six-month investigation of the charges and found absolutely no evidence of systematic disenfranchisement of black voters. The civil-rights division of the Department of Justice also found no credible evidence that any Floridians were intentionally denied the right to vote.
These findings did little to dispel the myth of massive disenfranchisement.
Politicians and activists persisted in circulating outlandish stories of nefarious schemes to steal votes, stories that became more numerous and absurd during the run-up to November 2004."

Conclusion. This is a free country. You have the right to believe the truth or dwell on a lie. I can't help that!

Did Gore win the popular vote in 2000? Yes. But Bush won the electoral college and that's what matters. Don't like it? Amend the constitution.

It is very simple: Arkansas' 6 electoral votes would have put Gore in the White House. Clinton could not deliver them.

Memo to liberals: Be wary of Clinton. He could not deliver his home state to Gore in '00 or Kerry in '04. Clinton also destroyed your party in the 90s. Listen to Clinton at your own risk. In electoral terms, Clinton is a WPD, a weapon of party destruction.

Don't get angry with Bush for winning the election. Get angry with your guys for losing it.

Let's talk about CBS. Dan Rather's ratings have been dropping for years. He is a distant # 3 in most markets. So his producers decided to make a big splash and nail Bush. It was like cutting two bushes with one swipe. Nail Bush and win a Pulitzer with a story claiming that Bush did something wrong back in 1972!

They broadcast a bogus story based on forged documents. It took bloggers a couple of days to destroy the story. It did not take long for experts to look at the documents and realize that they were forgeries.

It was a massive fraud. It blew up in their faces. CBS is now repairing its reputation. Can anyone believe another investigative report from CBS? It's over for Rather and the four producers who were fired today.

This is what happens when you are dealing from hatred. You lose your common sense. Hatred makes people believe anything.

Did a young Bush get help to get into the Guard? He probably did. I can not prove it but he probably did.

Is that fair? I don't know. Life is unfair but I don't waste my time with stuff like that. I work hard and make no excuses.

Was it fair to keep the Massachusetts US Senate seat "open" between 1960 and 1962 for Ted Kennedy? John Kennedy was elected in 1960 but Ted was only 28. The Constitution requires that a Senator be at least 30 years old.

So the seat was somehow kept "open" or "reserved" for Ted until he was old enough to run in 1962.

Is that fair? Probably not. Do I think that John Kennedy was evil for doing this? No.

People will take advantage of their status, whether their name is Bush or Kennedy. Most Americans are smart enough to know that.

The 2004 election was about GWBush as commander in chief not his peformance as a young man in 1972.

The American people answered that question affirmatively in 2004. They gave GWBush a higher percentage of the popular vote than Truman '48, JFK '60, Carter '76 and both Clinton pluralities of '92 and '96.

So here we are. The liberals make fools of themselves again.

Will these people ever get it? I hope not. I want to keep electing more conservative Senators to the US Senate in 2006.

Saturday, January 08, 2005

Bad Friday for the anti-Bushies

The anti-Bushies, a.k.a. "the glass is always half empty crowd" got some bad news on Friday. The US economy is doing quite well. Bush was indeed right during the campaign. Kerry was blowing hot air.

The Washington Times reported on Friday:

"The economy created 157,000 jobs last month, a solid gain that capped the best year for job creation since 1999, the Labor Department reported yesterday."

The best year since 1999? This is amazing. 1999 was the peak of the high tech boom. The current economic recovery has not peaked yet. Are we looking at 4% unemployment in 2005-06? It looks like may be! It looks like the US economy is going to fool the naysayers one more time!

I love what Larry Kudlow said:

"America’s cowboy capitalism, to borrow Europe’s derisive term, is hatching yet another economic boom."

Kudlow goes on:

"Additionally, at 5 percent or lower unemployment, the 4 percent growth rate of the economy will spur a flood of new individual tax collections at lower tax rates. Hence, another economic surprise of 2005 will be a pronounced decline in the federal budget deficit."

The anti-Bushies will find something wrong with yesterday's news. Indeed, we do not live in a perfect economy. We never have!

Yes, we have a deficit. It is coming down. Why? Because the US economy is growing. As Fred Barnes points out:

"Neither frugality nor tax hikes will eliminate the deficit. It fell $103 billion from the projected level in 2004 largely because of an aroused economy. Growth was the key in the Clinton years as well--to the surprise of Clinton's own economic team. The best recipe today for deficit reduction is an economy stimulated by permanent tax cuts and tort reform".

The bottom line is this: Our economy is doing great and the Europeans are hatching another cycle of 2% growth.

Don't forget to read my post on the "overvalued" euro. Remember. I warned you about the euro!

Friday, January 07, 2005

Bush's historic appointments

Pres. Bush is off to a historic start with second term Cabinet appointments. Bush will have a black woman as Secretary of State and a Mexican-American man as Attorney General.

Imagine that. A conservative Republican appoints the first black woman as Secretary of State. She replaces the first black man as Sec. of State.

I guess that Republicans are indeed the party of Linconl!

Imagine more. A conservative Republican appoints the first Mexican-American as Attorney General.

Alberto Gonzalez is a great American story, or as they say "Only in America". He is the son of poor Mexican immigrants. Gonzalez didn't buy into the liberal dogma of victimhood. He worked hard and made his way to Harvard Law School. In the 1990s, he met Gov. Bush in Texas and will soon be the next Attorney General of the US.

If Bush was a Democrat, and specially one who believes in abortion and homosexual marriage, then every liberal voice would hail these appointments. The NYTimes, CNN, and the rest of the liberal gang would praise Bush's vision and quest for diversity.

But Bush is a conservative Republican. He is opposed to abortion and homosexual marriage. He knocked off Anne Richards (the original sin for most liberals) and has been the face of the great Republican electoral tsunami of the last 10 years.

So the liberal gang is not crazy about Bush's appointments. They are doing everything they can to dissect good and competent people. In other words, the Democrats can not stand the idea that Bush was reelected with 51% of the vote and 31 states.

The bad news is that Democrats believe that Republican blacks and hispanics must be captured, chained and returned to the liberal plantation. If they do escape, then they must taught a lesson, a hard lesson. It's what Clarence Thomas, himself a victim of these liberal beasts, called a "high tech lynching".

The good news is that the liberals can not contain the exodus. There are too many escaping from the liberal plantation. The intellectual monopoly has been broken.

Free at last. God Almighty, free at last!

More and more, blacks and Hispanics are sounding Republican. Why? Because the Democrats have nothing new to say, unless you enjoy hearing the 1960s rhetoric over and over again. (How many times can you hear Bob Dylan sing "Blowin in the wind"?)

The black vote went for Kerry, 9-1. It saved Kerry in Pennsylvania, Michigan, Wisconsin and Minnesota. But Bush did very well with Hispanics in '04 and it was the difference in New Mexico, Arizona and Colorado.

Bush appealed to Hispanics for three reasons: national security, family values and school choice.

Bush's "school choice" agenda is very popular with black and Hispanic parents. Why? Because they are the ones who have to put up with lousy public schools.

The liberals, like Clinton, Gore, Kerry and Kennedy, send their children to private schools. They want public schools for the black children of Washington but they send their offspring to the expensive private schools of the district. The liberal elite has school choice. The black kids do not.

During the confirmation hearings, the liberals will try to dump all of the "prison abuse" on Gonzalez.
It won't work. It did not work during the campaign either.

The average America has not read the Geneva Convention rules. I have not either. But I understand the big picture in this war against terror. The liberals do not, which is another reason why they can't win elections based on national security.

Al Qaeda terrorists are not entitled to Genera Convention treatment. They are not soldiers wearing anyone's uniform. This is not an army that formally surrenders or signs a cease fire.

They are killers who operate all over the world. They dress in civilian clothes and attack innocents in planes, train stations and schools.

They are the ones who flew planes into the towers, the same ones who blew up a train station in Madrid, and the same ones who put bullets in the backs of 5 year olds kids in Russia.

Sorry, these people are not soldiers entitled to any convention. Ironically, the Clinton Administration had the same position but Democrats have selective memories.

Do I support what happened in Abu Gahrib? No. It was stupid behavior. Torture, even light torture, is counterproductive. It was a huge PR blunder.

Do I think that we should get tough with terrorists? Yes. Why? These people want to kill my family.

Again, the American people understand the difference between a POW and an Al Qaeda terrorist. This is why the issue backfired on Democrats in '04.

Attacks on Gonzalez risk alienating the Hispanic population, which is extremely excited about the Gonzales appointment. Liberal Henry Cisneros is a strong supporter, as well as every Hispanic group. Sen Salazar of Colorado, one of the first Hispanics elected to the Senate in more than 20 years and one of only two newly elected Democrats in November, plans to introduce Gonzales at the hearing. Salazar has said he intends to vote for Gonzales.

Bush will get his man but the liberals will have their Michael Moore moment. The liberals have not learned a single lesson from the election of 2004!

We are very proud that a fellow Hispanic will be the Attorney General of the US.

Well done, Alberto!

Saturday, January 01, 2005

NEW YEAR'S RESOLUTION: Don't fall in love with your euros!

Over the years, I have learned something about currencies: a currency is a piece of paper, signed by a politician and backed by a nation's economy.

My resolution for 2005 is simple: Don't fall in love with the euro.

Why? Because the euro is a piece of paper, signed by EU politicians, and backed by a region with zero economic vitality.

My first experience with the value of a currency came in Mexico in the early 80s.

Like many others, I woke up in February '82 to learn that the peso had been adjusted against the US dollar. It went from 27 to 38 overnight.

Why? Because Mexico could not sustain the peso after the energy prices collapsed in the summer of '81. It was compounded by capital flight, which was a reaction to Pres. Lopez-Portillo vowing to defend the peso like a "perro".

By mid '82, it was 75 and it soared to 145 after Lopez- Portillo decided to expropriate the private banks.

Mexico had currency adjustments throughout the 1980s and into the 1990s. In '94, Banco de Mexico decided to change the peso. The government deleted the 000's and told everyone that the new peso was now worth 3-1 rather than 3,000 to 1.

Today, the Mexican peso is traded at 11-1. But it is really 11,000 to 1, a sad reminder that a currency is a piece of paper, signed by a politician and backed by a nation's economy.

Like a new dance or hot song, the euro is in vogue today. According to the experts, the euro is now stronger than the dollar.

Is it stronger or is it overvalued? I think that it is overvalued.

Why? Because the US is a vibrant economy and Europe is a sick patient connected to a life support system.

Let's compare the economies of the US and the Euro-countries.

As I write this, the US economy has 4% annual growth, 5.4% unemployment and we are coming strongly out of a recession caused by the burst of 2000 and the 9-11 attack. By any historical standard, the US recovery has been outstanding!

David Sands puts it in perspective in The Washington Times:

With 6 percent of the world's population and 6 percent of its land mass, the United States generates a third of the gross domestic product (GDP), attracts a third of the foreign direct investment and spends more on research and development than the next seven countries combined.

Read this from UPI:

Unemployment in the United States appears set to fall next year by nearly 10 percent, the Christian Science Monitor reported Tuesday.

And job creation looks robust, too.

Employers are expected to create as many as 225,000 new jobs each month in 2005 to more than absorb the 125,000 who enter the job market every month, economists predicted.

An informal survey of economists indicates that unemployment could fall from its current 5.4 percent to as low as 5 percent, a nearly 10 percentage point decline.

"It may be the best year since 2000 in terms of the general job market," predicts Mark Zandi of "There will rising labor force participation and fewer underemployed."

Reasons for the optimism includes an unusually high number of businesses that are flush with cash, the expiration of the government's accelerated depreciation benefit on capital investments and the slowdown in downsizing.

"Each year downsizing is dropping off about 20 percent," says John Challenger whose firm in Chicago, Challenger, Gray & Christmas, keeps track of announced layoffs.

Read this one from THE WALL STREET JOURNAL, a newspaper that knows a thing or two about economics:

According to the November forecast of the Organization for Economic Cooperation and Development, gross domestic product in the U.S. is expected to increase by 4.4% in 2004.

Elsewhere, the OECD predicts growth of 4% for Japan, 2.7% for the U.K., 2.1% for France and 1.2% for Germany.

For the 12-country euro zone, the figure is 1.8%.

Don't stop. The WSJ article gets better:

Overall, the U.S. economy has added 2.3 million jobs since the third quarter of 2003, bringing the unemployment rate down to 5.4% from 6% in October 2003.

In Germany, the unemployment rate is 10%; in France it's 9.5%.

For the 27 countries of the OECD, the average unemployment rate is 6.8%. Only Britain and Japan, among the major economies, have unemployment rates lower than the U.S.

OK, say the critics, but what has given the U.S. numbers a boost is that some people have so despaired of finding work that they've just dropped out of the job market. Yes, the rate of workforce participation in the U.S. declined slightly in the Bush years, from 76.8% in 2001 to 75.8% in 2003.

But that still beats rates in Japan (72.3%) Germany (71.3%), France (68.2%) and Italy (61.6%).

Where is Europe? Have you tried to look for a job in Europe recently?

Again, the WSJ states:

Even more revealing are the figures for long-term (12 months-plus) unemployment.... Here again, the U.S. looks good. Put simply, about 90% of Americans who lose their job can expect to find another within a year.

Lose your job in Europe, and you face far more daunting odds.

I like what Larry Kudlow said about the US economy:

If you haven't noticed, Japan's economy is slumping again. Europe's economy never recovered in the first place.

Russell A. Berman, economist, writes this:

...the euro economies: growth in 2004 may only reach 1.8 percent and is predicted to climb at most to 1.9 percent in 2005.

This is what Reuters is reporting today:

....the National Association of Purchasing Management-Chicago's business barometer registering a healthy 61.2 from 65.2 in November. Economists had forecast the index at 63.0. A reading above 50 indicates expansion, and December represented a 20th straight month of growth.

What economy do you have more faith in?

I am betting on the US. We have problems but our economy is more flexible, less regulated and more efficient than theirs.

On the other hand, Europe has a massive welfare state and high taxes.

What political system is most stable? I am betting on the US. I think that Europe is going to have some serious adjustment problems over the next 20 years with rising Muslim populations becoming a factor in politics.

What about China?

I know that China is growing and it represents a challenge to all of us. But I am betting on the US again. Why? Because we are a pluralistic democracy and China is not. China is headed for big social upheaval because of its fast and uncontrollable growth. So let the Chinese continue to grow without concern for the environment, workers' rights and social justice. China is going to explode sooner or later!

So let me make a New Years Resolution.

Don't fall in love with your Euros.

By mid-2005, Euro politicians will face a hard reality: the euro is shutting down factories and unemployment is in double digits!

How long can European countries support a currency that shuts down their factories and sends American tourists to another part of the world?

Europe depends on having a share of the US$ 15 trillion market and the American tourist who travels to Paris and Rome. They don't have much of either right now.

So get ready for a euro adjustment vis a vis the dollar. Get ready for the comeback of the dollar.

Richard W. Rahn is a senior fellow of the Discovery Institute and an adjunct scholar of the Cato Institute. This is what he wrote:

At the same time, foreign companies and individuals want dollars to invest in the United States because U.S. rates of return have generally been higher than many other places in the world, such as Japan and Europe, over the last couple of decades, and the United States is viewed as a "safe haven."

You may have read the U.S. budget deficit has caused the big shift in exchange rates. However, the U.S. budget deficit is rapidly falling and is likely to be lower (as a percent of GDP) than that of Italy, France or Germany in the next year or so.

The U.S. economy is growing more rapidly than the major European economies, and the fiscal outlook for the costly European welfare states with their stagnant or declining populations is far bleaker than that for the U.S.

Over the long run, the dollar seems a much safer bet than the euro.

So don't fall in love with your euros. It may prove to be a very expensive love affair!




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