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White House Hammers Hamas


White House says violence in Gaza will stop when Hamas ends rocket fire.
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There Is No Trust Fund

Dr. Walter E. Williams: "Social Security is a ponzi scheme identical to Madoff's. Rather than generate wealth through productive investments, both schemes transfer wealth from newer investors to older investors."

What's the world's biggest Ponzi scheme? No, it's not Madoff. It's the Social Security fund: big payouts, no reserves.
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Other News

Another day, another bailout. We're at the point where no company, no matter how poorly run or obsolete, will be allowed to fail.

"You cannot keep going down this road of turning every company on every street corner into a bank and then pumping them full of cash, because sooner or later that cash is going to bid up a declining supply of goods and services and that's called hyperinflation."

Washington Times: Treasury Will Give GMAC $5 Billion


"Just because the government calls it wealth, doesn't mean it's wealth."
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A Stumbling Block For Quick Withdrawal

Two days until Iraq takes over the Green Zone

The status of forces agreement (SOFA) between Iraq and the US kicks into effect on January 1, and with it a significant shift in the relationship between the two countries.  Although US forces will still secure the Green Zone in Baghdad where government and diplomatic compounds are located, the Iraqis will have authority over it rather than the Americans for the first time since the March 2003 invasion.  The Iraqis are delighted, but some Americans are less so

One change that the Iraqis wanted will create problems for American contractors — and perhaps indirectly for Barack Obama:

Until now, all American contractors have avoided Iraq’s jurisdiction under a rule issued by the CPA in 2004 that said contractors were “immune from Iraqi legal process.”

That arrangement has been deeply unpopular with the Iraqi public since September 2007, when guards from the Blackwater company opened fire and killed 14 Iraqis in Baghdad, according to the U.S. Justice Department. Five of the guards were indicted on manslaughter charges this month.

The SOFA explicitly ends that immunity for contractors working for the military or Defense Department. The agreement says nothing about contractors such as Blackwater that work for civilian agencies such as the State Department — and it is unclear how much their operations would be affected, if at all.

Blackwater and other contractors strenuously objected to that part of the agreement.  They do not wish to rely on Iraqi notions of justice and jurisprudence, especially in certain areas where their contractors have operated to protect American interests.  The State Department has warned the Pentagon and the White House that the Iraqis will almost certainly use that new authority quickly and that American citizens will soon find themselves under arrest in Iraq, which would force the departure of security contractors and others.

Blackwater does a significant amount of work in personal protection, and they usually hire retired or inactive service members for these tasks.  (Full disclosure: a friend of mine worked for a security company in Iraq.)  Their presence allowed the US to complete its mission with better security while deploying fewer troops by paying volunteers to serve through the private sector.  The wisdom of that policy has been under debate and will continue to generate controversy, but the fact is that their sudden departure will require a greater use of American troops to replace them.



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News


Article printed from The Foundry: http://blog.heritage.org

URL to article: http://blog.heritage.org/2008/12/30/morning-bell-will-obama-ditch-transparency-for-stimulus/

URLs in this post:

[13] increasing the size of its initial bailout out of General Motors to $23.4 billion: http://thehill.com/leading-the-news/white-house-adds-6-billion-to-auto-bailout-2008-12-30.html


[14] disproportionate:
http://thehill.com/leading-the-news/kucinich-criticizes-israel-wants-u.n.-probe-2008-12-29.html


[15] a suicide bomber killed four people and wounded 12:
http://www.nytimes.com/2008/12/30/world/middleeast/30iran.html?ref=todayspaper


[16] Iraq’s government will gain control over the Green Zone:
http://www.usatoday.com/news/world/iraq/2008-12-29-iraqnews_N.htm


[17] Democracy returned to Bangladesh:
http://www.nytimes.com/2008/12/30/world/asia/30bangladesh.html?ref=todayspaper

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Inmates' Fate Unclear If Obama Closes Gitmo

Media changes course, worried now about letting Gitmo maniacs go free

"What would you have done with them?" Gordon said. "These are enemy combatants who wish to do harm to the United States. Our government has an obligation to protect the public."

Others do not believe the Pentagon or the Bush administration when they call these men a threat.

"We simply cannot take any of the administration's claims as true," said Air Force Maj. David Frakt, a defense lawyer who represents Guantanamo detainees.

Frakt said many people who attend training camps or join jihadist movements do so sometimes to show solidarity with oppressed Muslims.

Retired Army major general John Altenburg, who once oversaw the Guantanamo cases for the Pentagon, said those reviews are "unprecedented" in war.

"In any other country, in any other place, they wouldn't be bothering to make that determination," Altenburg said. "They would just say, 'We've detained them legally and we can hold them.' "

Davis said the U.S. would be enraged if one of its soldiers were held under such conditions. But the Bush administration has said that U.S. soldiers are entitled to special treatment as prisoners of war because they follow the rules of war. They wear uniforms and answer to a command structure and a nation. Those in Guantanamo are not soldiers but terrorists who violate the rules of war by pretending to be civilians and targeting civilians, it says.

Altenburg said no matter the debate, the global war on terror will not end with the Bush administration and Obama will need to figure out what to do with captives in this war.

"We can detain people that we apprehend in that war as long as the war is still going on," he said. "That may be 10 or 20 years."


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Other News


Article printed from The Foundry: http://blog.heritage.org

URL to article: http://blog.heritage.org/2008/12/29/morning-bell-permanent-tax-cuts-only-please/

URLs in this post:

[8] lowest level in more than 50 years: http://www.usatoday.com/news/nation/2008-12-28-copdeaths_N.htm


[9] initial steps:
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/12/28/MN4G14QMVE.DTL


[10] settled the lawsuit filed by environmentalists:
http://www.nytimes.com/2008/12/29/us/29sonar.html?ref=todayspaper


[11] global trade will shrink:
http://www.usatoday.com/money/economy/2008-12-28-global-import-export-trade-slump_N.htm


[12] lowest level since the mid-1970s:
http://www.usatoday.com/news/nation/2008-12-28-bordercrossings_N.htm

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Nuance

Reuters now using words like “uber-cool” to describe Obama

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There's No Pain-Free Cure For Recession

Suck it up: We’re only making the recession worse

Governments cannot create but merely redirect. When the government spends, the money has to come from somewhere. If the government doesn't have a surplus, then it must come from taxes. If taxes don't go up, then it must come from increased borrowing. If lenders won't lend, then it must come from the printing press, which is where all these bailouts are headed. But each additional dollar printed diminishes the value those already in circulation. Something cannot be effortlessly created from nothing.

By borrowing more than it can ever pay back, the government will guarantee higher inflation for years to come, thereby diminishing the value of all that Americans have saved and acquired. For now the inflationary tide is being held back by the countervailing pressures of bursting asset bubbles in real estate and stocks, forced liquidations in commodities, and troubled retailers slashing prices to unload excess inventory. But when the dust settles, trillions of new dollars will remain, chasing a diminished supply of goods. We will be left with 1970s-style stagflation, only with a much sharper contraction and significantly higher inflation.

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Party Man

Will Jeb Run?

Jeb Bush ran Florida for two terms as Governor, leaving office with astronomic approval ratings, which makes him by far and away the Republican Party’s best bet to hold the Senate seat being vacated by Mel Martinez’ retirement.  But will Jeb Bush feel comfortable as a legislator rather than an executive?  And will his family name wind up being a hindrance as his brother leaves the White House?  Better yet, will Jeb even run for the office?

The “dynasty” crack is more than a little unfair.  Jeb Bush has worked his way to power, doing the kind of party building that his older brother more or less skipped on his rise to the presidency.  He served for two years as Florida’s commerce secretary, ran successful political campaigns for other Republicans, lost his first election to Lawton Chiles by a whisker and returned the next gubernatorial election to handily defeat Chiles’ lieutenant governor, Buddy McKay.  He then ran the state of Florida for eight years, and did so well enough to leave office with over 60% approval ratings last year on his way out the door.

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A 'That Was Then, This Is Now' Year

As 2008 comes to a close, almost nothing has turned out as was expected at the beginning of the year — whether we consider oil prices,...

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Reality For Radicals

During the campaign, Democrats pledged radical change. But recession has forced them to rein in their agenda, from soaking the rich to nationalizing health care. How the worm turns.

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About Islam

Muslim Terror, Muslim Silence  Horrible acts of violence in the name of Islam are as reliable as the excuses and blame game that Muslims substitute in place of outrage.

Mumbai Photo Essay  Graphic photos and a few short points on Islam's biggest contribution of the year - and how others don't respond in kind.

Ten Reasons Why Islam is NOT a Religion of Peace  Since this is a slow time for new articles, we are reposting a classic.

Christian Life Under Islam  A nice summary of what life is really like for religious minorities when Islam take over. CAIR doesn't care - but you might.

Shilling for the Fort Dix Six  The Muslim world is not normally known for its sense of humor, but that may be because what it does find funny hardly sounds amusing to the rest of us.
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Cut Taxes

The Economy Needs a Shot in the Arm
Jim Powell on "stimulus" spending in the Washington Times.
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