Archive for the ‘Foreign Aid’ Category

THE NEW WORLD DISORDER

Thursday, September 13th, 2012
The Wall Street Journal

  • September 12, 2012

The New World Disorder

As the U.S. retreats, bad actors begin to fill the vacuum.

  • By their nature, foreign policy problems often have a long fuse. The successes of one Administration (Truman, Reagan) sometimes don’t pay off for years (Bush 41), while dangers can simmer until they suddenly explode (al Qaeda). The Obama Presidency has been an era of slowly building tension and disorder that seems likely to flare into larger troubles and perhaps even military conflict no matter who wins in November.

This is the bigger picture behind this week’s public fight between the U.S. and Israel, as well as the anti-American violence in Cairo and Benghazi. In the Persian Gulf, across the Arab Spring and into the Western Pacific, the U.S. is perceived as a declining power. As that perception spreads, the world’s bad actors are asserting themselves to fill the vacuum, and American interests and assets will increasingly become targets unless the trend is reversed.

The Administration can’t be blamed for the 9/11 anniversary attack in Benghazi, which was an act of terrorism by anti-American Islamists that wasn’t stopped by a weak new government. Chris Stevens, the first U.S. Ambassador killed abroad in 33 years, was one of America’s most capable diplomats who was deeply engaged in the post-Gadhafi transition. Libya’s government has condemned the attack, and one test of its desire for close U.S. ties will be whether it punishes the perpetrators.  

Though less violent, the mob that was able to scale the U.S. Embassy wall in Cairo is in other ways more troubling. Egypt and the U.S. have worked closely since Anwar Sadat, and Cairo is one of the largest recipients of U.S. aid. Only last week the U.S. announced it will forgive about $1 billion in Egyptian debt. Yet the new Muslim Brotherhood government of Mohamed Morsi has failed to stop an assault on the Cairo Embassy, and it hadn’t condemned the latest attack by late Wednesday.

Almost as disconcerting was President Obama’s failure to mention the Cairo assault in his Rose Garden remarks on Wednesday morning. He condemned the Libyan attacks, praised the fallen U.S. diplomats, and pledged that “justice will be done.” But he didn’t offer any larger warning that such attacks will have consequences if they continue elsewhere around the world.

This is no idle worry. The 1979 seizure of U.S. diplomats in Tehran was followed that year by attacks on American Embassies in Tripoli and Islamabad. The U.S. Ambassador to Kabul was also killed. It isn’t enough for a President to say, as Mr. Obama did Wednesday, that he will work with other countries to secure the safety of U.S. diplomats. These governments have to know they will be held accountable if they don’t do so.

The larger concern is that these attacks fit a pattern of declining respect for U.S. power and influence. The Obama Administration has been saying for four years that the U.S. needs to defer to the U.N. and other nations, and the world has taken notice and is more willing to ignore U.S. desires and interests.

Across the Arab Spring, the U.S. has done little to shape events and is increasingly irrelevant. The U.S. angered Saudi Arabia by calling for the ouster of Egypt’s Hosni Mubarak and now has little sway in Bahrain. Mr. Obama has washed his hands of Syria, allowing Russia and Iran to keep their proxy in power and stir up trouble for Turkey and Lebanon. The Chinese have brazenly occupied disputed territories in the South China Sea, hinting at war if the U.S. intercedes on behalf of its Asian allies.

The U.S. withdrew in toto from Iraq, and now its Prime Minister ignores Vice President Joe Biden’s request to stop Iranian arms flights to Damascus. Even America’s dependent in Kabul, Hamid Karzai, is refusing to honor his commitments on holding Taliban detainees. Perhaps he has heard Mr. Obama describe Afghanistan in his re-election campaign as if the U.S. is already halfway out the door.

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Zuma PressU.S. President Barack Obama speaks to the media as Secretary of State Hillary Clinton stands by. (more…)

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VIDEO – RONALD REAGAN SPEECH – A TIME FOR CHOOSING

Monday, February 27th, 2012

FROM THE RONALD REAGAN PRESIDENTIAL LIBRARY

THIS IS THE COMPLETE SPEECH THAT WAS DELIVERED BY RONALD REAGAN DURING THE BARRY GOLDWATER PRESIDENTIAL CAMPAIGN ON OCTOBER 27, 1964.

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FAILED TREASURY AUCTION PORTENDS EGYPTIAN DISASTER

Wednesday, January 25th, 2012
ASIA TIMES

SPENGLER
Failed treasury auction
portends Egyptian disaster

By Spengler

Investors bought less an a third of the 3.5 billion Egyptian pounds (US$580 million) worth of Treasury bills offered to the market on January 22, a red flag warning that Egypt’s foreign exchange position is close to the brink.

Yields on Egyptian government debt maturing in nine months jumped to nearly 16%, but the government could not place its local-currency debt to Egyptian investors, even at that exorbitant rate.

This is a new and ominous decline in the financial position of the most populous Arab country. I have been warning since last May that “Egypt is running out of food, and, more gradually, running
out of the money with which to buy it.” How fast this may occur is hard to specify, but the government’s inability to borrow on money markets suggests that the crunch is not far off. (See The hunger to come in Egypt Asia Times Online, May 10, 2011.)
(more…)

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VIDEO – REPRESENTATIVE TED POE, REP, TEXAS, TIME TO EVALUATE FOREIGN AID

Saturday, December 10th, 2011

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