Arthur Herman has written a must-read on Gitmo:

What [the standard account re: Gitmo – that “the public shift in attitude toward Gitmo was gradual, and reflected a growing disillusionment with the war on terror as the sordid details of how George W. Bush and his assistants chose to wage it came out, including the supposed secret use of torture” –] and others like it fail to take into consideration are the aggressive and unending efforts of a cadre of lawyers, activists, left-leaning Democrats in Congress, and civil libertarians against the facility, its purpose, its goal, and its existence. These efforts began even before it was opened, in November 2001, and continue to this day. The anti-Gitmo forces worked tirelessly to shape the public perception that Gitmo was the red-hot center of an aggressive policy approach that led the leftist financier George Soros to declare: “The biggest terrorist in the world is George W. Bush.”

The enemies of Bush and Gitmo have succeeded brilliantly. But in so doing, they have done grave violence to the truth about the Guantánamo Bay facility, have aided in the release of prisoners who have since committed acts of terrorism outside the United States, and may yet succeed in having Barack Obama’s government release young men with terrifying ambitions for murder and mass destruction onto the soil of the United States.

Read the whole thing.

No sh*t.

May 24, 2009

The One admits: “we are out of money now.”

As Rick Moran over at American Thinker comments, “I wish he would have realized that about $11 trillion ago.”

That’s soooooo 18th Century –

Kent Engelke at Capitol Securities Management, said the administration plan for GM, based on reports, “is asking the senior debt holders to forgive $27 billion in debt for 10% of the company. The U.S. Treasury and the UAW will forgive $20 billion and receive 89% of the newly formed company.”

The plan, he said, “sacrifices the senior debt holders for the unions. This is wrong, lacking legal precedent, violating the most basic rule of law and capital structure.”

Other than that, it sounds like a good plan.

Why would anyone invest in any company that is tied to the government?

Update on my earlier post about The One’s takeover of the means of production –

USA could lose AAA rating! It’s almost like the government is acting as irresponsibly as those nasty speculators Obama keeps talking about…

It is getting old.

May 24, 2009

Is it finally dawning on people that there is no substance to The One?

I too was taken in when I first heard him speak. I remember thinking when I heard that measured, steady voice with its pleasant but authoritative timbre that here was a guy fit to govern the world. He sounded cool. Clint Eastwood “Make my day” cool.

Now, though, that novelty has worn off. Now, it’s becoming clear that this carefully worked, glacial poise is all there is to Obama. He’s just a hollow man spouting empty rhetoric.

My only question is, What took so long to figure this out?

h/t – Jennifer Rubin

A round up of stories about The One’s takeover of the means of production from the past few weeks:

***

General Motors, facing the almost certain prospect of a bankruptcy filing, said Friday that it had drawn another $4 billion from the Treasury Department, raising its total from the government to $19.4 billion.

***

Unemployment in the United States has risen to European averages, and seems likely to pass them when international data for April is calculated.

 ***

What we now face is a nationalized car maker [GM], with the government owning 51 percent of the company and the United Auto Workers (UAW) union holding a stunning 38 percent of shares. Bondholders, who normally have first claim on a company’s assets, receive only 10 percent instead, and the current stockholders get the remaining 1 percent.

The UAW, acting for its members who are former workers and GM pensioners, did indeed represent something like $20 billion worth of GM’s liabilities. So the idea that the union should get an equity stake in return for that is fair enough. However, the UAW is getting three times as much as the bondholders, who represent $28 billion of GM’s outstanding liability. When the bondholders protested, the administration refused to meet with them.

 ***

The Treasury Department is preparing to announce as early as today that it will invest an additional $7.5 billion in GMAC LLC in a deal that could allow the U.S. government to hold a majority stake in the Detroit-based auto finance company.

 ***

A report Friday said federal officials are pressuring Bank of America Corp. to revamp its board and bring in directors with more banking experience.

***

Obama cuts Chrysler advertising budget in half.

***

The government will have to borrow nearly 50 cents for every dollar it spends this year, exploding the record federal deficit past $1.8 trillion under new White House estimates.

***

Just imagine how bad things would be if Obama were a socialist?!?!!

Update  – USA could lose AAA rating! It’s almost like the government is acting as irresponsibly as those nasty speculators Obama keeps talking about…

Change.

May 23, 2009

Via Charles Krauthammer:

Observers of all political stripes are stunned by how much of the Bush national security agenda is being adopted by this new Democratic government. Victor Davis Hanson (National Review) offers a partial list: “The Patriot Act, wiretaps, e-mail intercepts, military tribunals, Predator drone attacks, Iraq (i.e., slowing the withdrawal), Afghanistan (i.e., the surge) — and now Guantanamo.”

Jack Goldsmith (The New Republic) adds: rendition — turning over terrorists seized abroad to foreign countries; state secrets — claiming them in court to quash legal proceedings on rendition and other erstwhile barbarisms; and the denial of habeas corpus — to detainees in Afghanistan’s Bagram prison, indistinguishable logically and morally from Guantanamo.

The liberals who apoplectically condemn Bush for his war policies are either lying through their teeth or are so hopelessly naive that they do not belong anywhere near executive power.