Russia’s Asia Play Mustn’t be Ignored | The Diplomat

The U.S. risks making a serious strategic error if it neglects Russia. As the White House and Pentagon look to the Pacific, Moscow and China are making moves of their own.

Russian President Vladimir Putin’s decision to skip both theG-8 and the NATO summits this month suggests he plans to delegate relations with the West as much as possible to his deputy, Dmitri Medvedev, while he concentrates his diplomatic efforts in the former Soviet republics of Eurasia and the emerging economic powerhouses of East Asia.

Putin is a leading advocate among Russian leaders of deepening Russia’s Asian connections, and the Pentagon and the White House need to orient their Asian pivot properly to address Moscow’s new Asian orientation. With this in mind, trying to influence Russia’s relationship with [continue reading in new window...]

Even $3 Trillion Can’t Buy China Love or Good PR – Bloomberg

China’s $3.3 trillion of currency reserves are a nice thing to have when you want to polish your image. Even if money can’t buy you love, it sure can buy lots of positive buzz.

The most-populous nation has been throwing tens of billions of dollars at its prestige deficit for a decade, all part of an effort to enhance China’s soft power, something of which the U.S., for all its crises, has a surplus. Why else would Chinese dissidents head to U.S. shores, or embassies, for shelter? Why do so many wealthy Chinese, and government reserve managers, see the dollar and the U.S. legal system as a haven?

The priciest public-relations expenditure was the 2008 Beijing Olympics, which by some estimates cost $40 billion. The country has financed roads in Brazil, bridges in Zambia, power grids in Cambodia and mining rigs in Uzbekistan. It established Confucius Institutes for Chinese language and culture on 75 U.S. college campuses. It started CCTV America to [continue reading in new window...]

President Obama Has Undermined Capitalism And Impugned Business As A Matter Of Routine – Investors.com

The Obama Record: The president has made Mitt Romney’s Bain Capital a target of his re-election campaign. That’s one way to divert attention from poor performance. It’s also a way to undermine capitalism.

At a New York fundraiser Monday night, Obama called the free market “the greatest wealth generator ever devised by man.” Those are fine words for a campaign stop among the moneyed set. But those words aren’t backed by the actions of a president who only months ago claimed the free market “has never worked.”

The same day Obama flopped back to his “capitalism is good” position, his team set out to taint Bain Capital, the private equity [continue reading in new window...]

American Decline a Mirage in a World That’s Rising – Bloomberg

Ezra Klein

This article was authored by Ezra Klein and appears on Bloomberg.com.  Article courtesy of Bloomberg.com

“Anyone who tells you that America is in decline or that our influence has waned,” said PresidentBarack Obama in his 2012 State of the Union address, “doesn’t know what they’re talking about.”

It was a “rah-rah America!” applause line for a president who needed to get the assembled Republicans out of their seats a few times over the course of the evening. But the line works literally, too. Whenever someone tells me that the U.S. is in decline, I don’t have any idea what they’re talking about. And neither, I tend to think, do they.

The claim is maddeningly vague. What does it mean for the U.S. to be in decline? Are we talking about our geopolitical influence relative to other world powers? Our standard of living relative to other nations? Our current standard of living compared with some assumption about its appropriate rate of improvement?

Let’s flip the question: What does it mean for the U.S. to be on the rise? If it’s growing at a perfectly respectable 3.5 percent a year while China is growing at 8.5 percent a year, enabling China’s economy to surpass the U.S. in a decade or so, does that mean the U.S. is in decline? [Read more...]

Niall Ferguson: Will Europe Act to Avoid an Economic Cataclysm? – The Daily Beast

With the sap rising and the governments falling, all the European powers are merrily acting in national character.

In the midst of a severe financial crisis, the French have just elected a champagne socialist on promises of a 75 percent top tax rate and a lower retirement age. The Greeks also had an election in which the established parties lost to a ragbag of splinter groups. The outcome of the election was that they need to have another election. (Cue Zorba the Greek theme music.) Meanwhile, the wailing gloom of the flamenco emanates from Spain, where youth unemployment is now around 50 percent.

Within a few hours of arriving in [continue reading in new window...]

 

A Lethargic Dragon: Why China Is a Bad Model To Copy – National Review Online

Americans have always looked abroad for inspiration. Alexander Hamilton drew on the experience of Britain and France to shape the economic institutions of the early republic. In the early 19th century, Henry Clay championed tariffs, a national bank, and internal improvements in an effort to match Britain’s economic might. As the 19th century gave way to the 20th, Germany emerged as an industrial colossus, and American intellectuals had a new model. During the 1950s, at least some Americans, mainly but not exclusively on the political left, saw the breakneck modernization of the Soviet Union as a clear indication that the old-fashioned market economy was on its last legs.

There have been a variety of fads and fashions in the years since. Once it became clear that the Soviet model was not quite as impressive as it had once seemed, liberals and progressives started looking to northern Europe, and in particular to Sweden, for lessons on how to run an economy. Conservatives have swooned at various times over Switzerland and Chile and Singapore, among other capitalist success stories. And then, of course, there was the 1980s-era obsession with Japan, which in the view of some observers was destined to surpass a declining America.

Some of these enthusiasms proved less harmful than others, and some were even constructive. Hamilton was right: The United States really did have much to learn from Britain. Germany’s scientific breakthroughs were indeed enviable. Sweden, Switzerland, Chile, and Singapore all have their virtues, and not just of the culinary variety. Even Japan, for all its economic pathologies, taught U.S. manufacturers a great deal about how to [continue reading in new window...]

Is Obama’s Narcissism a National Security Concern? – Breitbart.com

The media flurry over Obama’s most recent position on gay marriage almost obscured a statement that could have significant implications for America’s security.

As reported by Elliott Abrams at the Weekly Standard, Obama has returned to his 1996 position of supporting gay marriage after opposing it during his senatorial and presidential campaigns. Calculated flip-flopping by a politician is not new, of course, but Abrams rightly zeroes in on a phrase in Obama’s announcement that reveals far more about his character than his change of positions on a controversial issue. As part of his reasoning for coming out, once again, in favor of gay marriage, Obama described his concern for gay “soldiers or airmen or marines or sailors who are out there fighting on my behalf…”

Fighting on his behalf? Our troops put themselves in harm’s way for Barack Obama? Presenting his “evolving” position as concern for our [continue reading in new window...]

Articles: The Amateur: Barack Obama in the White House – American Thinker

Edward Klein’s new book on Barack Obama, The Amateur: Barack Obama in the White House, is a withering portrayal of a radical adrift, in over his head, drowning in his own incompetency — while being weighed down by a small circle of “advisers” who are compounding the problem of the Amateur in the White House.

Klein’s book begins with a talisman-like quote uttered by Barack Obama when his recently appointed Treasury Secretary Tim Geithner tried to boost Obama’s ego by telling him, “Your legacy is going to be preventing the second Great Depression.” To which Barack Obama responded, “That’s not enough for me.”

As all of America knows by now, Obama has aggressively sought to “fundamentally transform” America — one of the few promises he has kept from the days of 2008. Five trillion dollars of borrowing, ObamaCare passed over the objections of the majority of Americans through legislative legerdemain and special deals made with [continue reading in new window...]

 

 

 

Timeline: How Obama Compares to Bush on Torture, Surveillance and Detention – ProPublica

As his reelection campaign ramps up, President Obama has touted his winding down of the wars in Iraq and Afghanistan. He’s also kept up the tough talk about the broader war against Al Qaeda. In 2008, Obama stressed that his presidency would break from George W. Bush’s most controversial national security policies. So we took a look back at some of those policies, to see how much has changed under Obama — and how much has stayed the same [continue to full comparison timeline in new window...]