NITA: The Disorder of George Bush’s New World
Where common sense meets economics
Not Important? Think
Again
5 September 2002
The Disorder of George Bush’s New World
Flirting with the Unions
President Bush continues to
court organised labour. His focus on Pennsylvania is
interesting for several reasons. It is Tom Ridge’s turf.
Ridge has gone from the governor’s mansion of Pennsylvania
to the Department of Homeland Security. Along the way he has
brought James Hoffa Jr., leader of the United Brotherhood of
Teamsters (in some circles a.k.a. the Mob). It is Ridge,
oddly, who has involved himself on behalf of the
administration in the dockworkers’ dispute on the West
coast.
http://www.msnbc.com/news/802393.asp
Consumer confidence crumbles with democracy
The president and his party
ought to be worried about the November elections. US
consumer surveys continue to erode. Ominously, the gap that
opened earlier this year between their negative perception
of the economy and the more positive view of their personal
financial prospects appears to resolving in favour of more
negative expectations about both.
http://www.conference-board.org/economics/consumerconfidence/index.cfm
The conventional explanation for this is that the
lacklustre job market and a generally moribund economy are
to blame. That may be so, but we find it difficult to
believe that this is the whole picture. The American
government has attacked its own Bill of Rights with a vigour
and determination unprecedented even in wartime, and
especially in today’s ersatz war. There can be no better
indication of just how serious this is than the fact that
even the Economist is writing about it. When the self-styled
“cadres” of the New World Order begin to worry about
freedom, it can only be because they are worried about their
own. And well they should be. The government now claims the
power to define criminals before they commit a crime. Many
people thought it a joke when an Austrian corporal achieved
total power in one of the world’s most developed and
civilised nations. Many today think it a joke that a
mentally challenged rich kid is at the helm of another
developed and civilised nation.
http://www.economist.com/world/displaystory.cfm?story_id=1301751
http://www.progressive.org/sept02/hen0902.html
Every Putsch needs an excuse…
… and 911 is
the excuse for this one. The use of Hollywood for propaganda
purposes and narrowly defined political objectives was
inserted into the public’s consciousness several years ago
by the film Wag the Dog. This was, unfortunately, a case of
art imitating life. On Sunday September 2, the BBC aired a
documentary on 911 that was truly laughable for its maudlin
characterisations and its utter evasion of any hard
questions. Two fighter pilots scripted right out of Top Gun
appeared regularly during the program to give emotional
accounts of what it was like to watch the two trade centre
buildings crumble. Apart from the obvious, their presence on
the program served the purpose of diverting attention away
from the central question as to why the military did not
react in time to any of the attacks made on that day. The
question “Who stood down?” was unsurprisingly never asked,
but the excuses were revealing. The North American Space
Defense Command opened its bunker at Cheyenne Mountain in
Colorado to the BBC filmmakers. There the official line was
that there was no timely military response on September 11
because they couldn’t monitor domestic air traffic
effectively. Anyone who believes this is truly credulous. I
visited Cheyenne Mountain in 1996 as part of a group of
individuals from whom the Air Force was lobbying for money.
It was an unforgettable experience, and they weren’t saying
that they couldn’t track air traffic.
https://www.cheyennemountain.af.mil/
As confidence falls, so does support for war with Iraq
The administration may end up getting the worst
of all outcomes. Support for war with Iraq, even from the
American public, is dropping fast. The saturation of the
print and broadcast media with the 911 attacks as we
approach the anniversary of that sad day may well prove to
be one wag too much for the dog.
http://abcnews.go.com/sections/us/DailyNews/Iraq_poll020903.html
The
German Marshall Fund of the United States and the Chicago
Council on Foreign Relations sponsored a broad
trans-Atlantic survey of public opinion on the conduct of
the War on Terror. What strikes us in looking at the results
is the virtual absence of support for war as the Bush
administration is conducting it on either side of the
Atlantic. Fair minded people everywhere do not begrudge the
US its right to self-defence. On the other hand, they don’t
think that the US should just attack anyone or anyplace it
wishes when it wishes without some sort of process. Such as,
for instance, proof stronger than a pointing finger that the
party attacked has actually committed an act of war.
LINK
Watch what they do, not what they say
America’s track record in such
matters is not exactly beyond criticism. We have called
attention before to the Tonkin Gulf incident that provided
the pretext for the intervention in Vietnam. It did not
occur, if it occurred at all, the way the military claimed
it did at the time.
http://www.cs.uu.nl/wais/html/na-dir/vietnam/tonkin-gulf.html
Although this may seem incredible, it really isn’t in the context of American military thinking of the day. In March 1962 the Joint Chiefs of Staff published a plan called Operation Northwoods the intent of which was to create a pretext for an invasion of Cuba by the regular American armed forces. One section from the .pdf of the declassified document contained in the link below is intriguing and worth abstracting here:
An aircraft at Eglin AFB (air force base) would be painted an numbered as an exact duplicate for a civil registered aircraft belonging to a CIA proprietary…the duplicate would be substituted for the actual civil aircraft…(the) actual aircraft would be converted to a drone…when over Cuba the drone will being (sic) transmitting …a “MAY DAY” message stating he is under attack by Cuban aircraft. The transmission will be interrupted by destruction of the aircraft which will be triggered by a radio signal. This will allow ICAO radio stations in the Western Hemisphere to tell the US what has happened to the aircraft instead of the US trying to “sell” the incident.
Interesting, is it not?
Considering that the Commander in Chief made his fortune
manipulating stock at Harken Energy, that the Vice President
condoned fraudulent pricing at his firm, Halliburton, and
that the Secretary of the Army was a senior executive of
Enron, (we could go on, but the list is so long, especially
when one looks at the Iran-contra era connections) we are
amazed at the credibility accorded their assertions about Al
Qaeda and Iraq. Clearly there is a powerful urge to believe
operative here. They might fool the FBI, but even a hotel
flatfoot should be able to see through this.
http://www.gwu.edu/~nsarchiv/news/20010430/
Will cooler heads prevail?
It seems apparent that the
reason that the US refuses to go to the UN for approval for
an invasion is because the UN would not approve of it. It
seems equally apparent that the reason why it would not be
approved is precisely because the US cannot prove any of its
assertions. There is no link to 911 and there is no evidence
of nuclear weapons. The United States is isolating itself
fearfully, as Zbigniew Brezinski points out below, and in so
doing is allowing its foreign policy and freedom of
manoeuvre to be hijacked by states whose goals are very
different.
http://www.upi.com/view.cfm?StoryID=20020830-060155-4482r
Lord Alan of Wall Street
Our August break was not all
spent pondering weighty issues such as war, equity prices,
or foreign currencies. This summer has had more than its
share of comic relief, such as the knighting of Alan
Greenspan. While his services to the world were cited in
explanation, we are inclined to think it more likely that it
was his services to the value of Her Majesty’s investment
portfolio that were being rewarded. Not long after,
Greenspan defended the Fed’s performance during the bubble
mania of the late ‘90s and 2000. You can’t see a bubble
except with hindsight quoth Sir Alan, and he hadn’t a lance
to prick it with. As Paul Krugman points out, you can, he
did, and he could have raised bank reserve requirements.
Indeed, Krugman quotes Sir Alan himself from the minutes of
the FOMC in September 1996:
- “I recognise that there is a stock market bubble problem at this point.”- ”We do have the possibility of …increasing margin requirements. I guarantee that if you want to get rid of the bubble whatever it is, that will do it.”
Too bad the Fed publishes those
damn minutes.
http://www.iht.com/articles/69574.html
ENDS