POLITICAL observations & opinions

* enjoy your vacation, Mr. President. It’s been a good week … and I predict the first week in November will be even better.

Posted by Lew Weinstein on August 22, 2010

UPDATE … A good week gets better

******

AIG repays $4 billion … In its single biggest repayment of bailout loans so far, American International Group Inc. said Monday it is paying back nearly $4 billion in taxpayer aid with proceeds from a recent debt sale.

Let’s see. What happened this week?

******

last U.S. combat troops leave Iraq

1. The final combat troops came home from Iraq, as promised by candidate Obama and ahead of schedule, ending the combat phase of a war that should never have been.

  • This was never Obama’s war. He was one of the very few who spoke against it before the decision was made.
  • Do we remember
    • the stupidity and lying about supposed WMD,
    • the rush to war that put our soldiers in the field without proper armor to keep them alive,
    • the insane decisions of the early days which destroyed the Iraqi civilian government?
  • Do we remember what happened to the search for Osama bin Laden when we diverted troops from Afghanistan to Iraq?
  • Who made those decisions?

******

GM still functioning, ready to pay back U.S. loan

2. GM is no longer in bankruptcy, and has filed to offer shares to the public

  • which means the $50 billion government loan will likely be repaid soon, perhaps at a profit.
  • Meanwhile, all those auto industry jobs and smaller business supplier networks were saved.
  • THE ECONOMIST says regarding GM  …
    • Mr. Obama has been tough from the start …
      • forcing the firm to declare bankruptcy,
      • wiping out shareholder’s equity,
      • sweeping aside top managers.
    • Obama has proven himself to be willing to take a gamble, and smart enough to plot a course that worked, saving jobs and preserving an American industrial icon.
    • But is Obama a socialist? ABSOLUTELY NOT!

******

BP well apparently capped

3. The BP well is apparently capped

  • although there is still uncertainty and differences of opinion, the environmental damage so far seems to be less than feared.
    • TIME … while it’s important to acknowledge that the long-term potential danger (of the Deepwater Horizon explosion) is simply unknowable for an underwater event that took place just three months ago – it does not seem to be inflicting severe environmental damage.
    • Marine scientist Ivor van Heerden, another former LSU prof, who’s working for a spill-response contractor, says, “There’s just no data to suggest this is an environmental disaster.
  • BP is making good on its $20 billion commitment the President arranged to assist those who were injured by the leak
  • Gulf fisherman are working and the fish are so far judged safe and tasty
    • after hearings last week, Representative Edward Markey — the Massachusetts Democrat and scourge of both BP and the government — said he believes that the seafood now available is largely risk-free. He also said he thought that the responsible agencies have been diligent in testing fish in areas where fishing is now allowed.

******

George Mitchell and Hillary Clinton: Obama's team in the Middle East

4. Israel and the Palestinians will soon begin talking again

  • Negotiations shelved two years ago will resume Sept. 2 in Washington, Secretary of State Hillary Rodham Clinton said.
  • Obama will host Israeli Prime Minister Benjamin Netanyahu and Palestinian President Mahmoud Abbas for dinner the night before.
  • There are some who advocate 100% approval for everything Israel does, including more illegal settlements.
  • This is foolish and has led nowhere.
  • Obama’s more balance approach, derived from his understanding of history and the global reality, as well as our true fight against Muslim murderers, holds better prospects for progress toward lasting peace.

******

The Tea Party and the Republican Party will continue to tell their lies as they continue to refuse to participate in governing, wishing only for Obama (and our country) to fail.

Will the electorate be fooled? I think not.

My prediction is that the November elections will not be nearly as good for the Republicans as they hope.

******

The message is clear …

Do you want to elect the people who created the problems

and who refuse to help solve them (Republicans)

or do you want to support those who are working hard and effectively

to solve the problems (Democrats)?

******

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2 Responses to “* enjoy your vacation, Mr. President. It’s been a good week … and I predict the first week in November will be even better.”

  1. Lew Weinstein said

    Kerry is correct. The long term effect of the Gulf oil spill is yet unknown, although short term effects are less than previously predicted. I have amended the post to include the following …

    *** TIME … while it’s important to acknowledge that the long-term potential danger (of the Deepwater Horizon explosion) is simply unknowable for an underwater event that took place just three months ago – it does not seem to be inflicting severe environmental damage.

    *** Marine scientist Ivor van Heerden, another former LSU prof, who’s working for a spill-response contractor, says, “There’s just no data to suggest this is an environmental disaster.

    *** after hearings last week, Representative Edward Markey — the Massachusetts Democrat and scourge of both BP and the government — said he believes that the seafood now available is largely risk-free. He also said he thought that the responsible agencies have been diligent in testing fish in areas where fishing is now allowed.

  2. Kerry said

    I agree with most of your comments with the exception of the Gulf. I think the true extent of the damage will not be fully realized for years to come. I hope this issue forces government to institute stricter regulations (mandatory relief wells?) regarding oil drilling and spurs us to further our development of alternative energy so we can break out dependency on oil.

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