A series of different things going on currently…some related, some not.
Firstly, at the time of T.A.R.P. and the rest of the financial bailouts, we were repeatedly warned by all of the Washington establishment that this was essential in order to prevent a total, and irreparable financial meltdown. But what if the bailouts had never taken place?…
What was the ultimate effect?
Today, Iceland is recovering. The three new banks had combined profit of $309 million in the first nine months of 2010. GDP grew for the first time in two years in the third quarter, by 1.2 percent, inflation is down to 1.8 percent and the cost of insuring government debt has tumbled 80 percent. Stores in Reykjavik were filled with Christmas shoppers in early December, and bank branches were crowded with customers.
Meanwhile, there are items relating to the B.O. administration is engaging in apparently betrayal and/or mistreatment of allies and friends abroad:
ITEM:
The American betrayal
Op-ed: Obama’s abandonment of Mubarak shows Israel cannot count on US at times of crisis
…there is one more thing we can learn from the events in Egypt, aside from the fragility of the region we inhabit, and it is something that’s not easy to digest: The Western world’s and mostly America’s treachery. We learned that the way they abandoned President Mubarak and gave him the cold shoulder can happen to us too. Or in other words, we cannot count on the Americans at a time of crisis.
ITEM:
WikiLeaks cables: US agrees to tell Russia Britain’s nuclear secrets
The US secretly agreed to give the Russians sensitive information on Britain’s nuclear deterrent to persuade them to sign a key treaty, The Daily Telegraph can disclose.
The US, under a nuclear deal, has agreed to give the Kremlin the serial numbers of the missiles it gives Britain Information about every Trident missile the US supplies to Britain will be given to Russia as part of an arms control deal to be signed by President Barack Obama next week.
After his returning the Churchill bust, snubbing Brit leaders, including the Queen, one gets the idea that B.O. REALLY does not like Britain.Along with this, the upside-down policy orientation of B.O. is further illustrated by policies that refuse to recognize those who are our enemies:
Failures by FBI, Pentagon contributed to Ft. Hood massacre, report says
The FBI and the Pentagon are responsible for a “string of failures” in the way they attempted to track a disgruntled Army major in the years before he allegedly opened fire at a crowded Ft. Hood, Texas, deployment center in the worst domestic terror ambush since the attacks of September 2001, two key Senate leaders concluded Thursday.
In addition, Army supervisors repeatedly referred to Maj. Nidal Hasan as a “ticking time bomb,” and FBI agents and the military knew he had become radicalized under the influence of a violent Islamist extremist. Yet the agents never arrested him, and his military superiors never disciplined or furloughed him out of the Army.
In an apparent triumph of political correctness no action was taken lest it offer offense to Islam. The Chief’s response would have been to s–tcan Hasan, and f’em if they can’t take the joke.
Meanwhile, there is also THIS particular bit of craziness:
China Maneuvers for U.S. Defense Contracts
The maker of China’s new stealth fighter jet has teamed up with a tiny, unprofitable California company to try to launch bids for U.S. defense contracts, possibly including one to supply Chinese helicopters to replace the aging Marine One fleet used by the president, according to people involved in the partnership.
Fortunately this one looks to be beyond the reach of even B.O.’s aspirations for playing kissy-face with the ChiComs:
Any Chinese bids for this or another contract under discussion would be certain to meet intense political resistance and would appear to have very little chance of success given mounting U.S. concern about China’s military power and long-term strategic goals, and the often-prohibitive opposition in the past to Chinese attempts to enter other strategic U.S. sectors, such as energy and telecommunications
UNforunately, they may be back for another attempt:
…the two companies have also been discussing putting forward AVIC’s new L-15 trainer jet as a candidate to replace the U.S. Air Force’s fleet of Northrop T-38s, which entered service 50 years ago and on which American fighter pilots learn skills such as how to fly at supersonic speeds.
That contract is expected to be one of the most lucrative military aviation contracts this decade, with the U.S. likely to buy about 400 and other allied countries about 600 more as the jet will become the standard for training pilots to fly the U.S. F-22 and F-35 stealth fighters.
Is it just me, or does anyone else get a really bad feeling about the US becoming dependent on the ChiComs for maintaining our military? Sheeesh!