Free Markets, Free People
Questions and Observations #7
Lots to comment on, little time in which to do it (it is a holiday weekend after all). But here are some stories that caught my eye that I may do a more extensive commentary on at a future date.
Thomas Friedman pens a column in which he explores what it will mean if America is no longer the superpower of the world. Quoting Michael Mandelbaum, the Johns Hopkins University foreign policy expert, he makes the case that our debt and the subsequent frugality it will require is essentially going to make us retrench and probably withdraw much of our foreign aid (not just money, but troops and fleets, etc., which have helped keep the peace over the years). He notes that when Great Britain gave up its “global governance role”, the US stepped in. The question is, when the US pulls back and creates the expected power vacuum, what country will try to fill the role?
After all, Europe is rich but wimpy. China is rich nationally but still dirt poor on a per capita basis and, therefore, will be compelled to remain focused inwardly and regionally. Russia, drunk on oil, can cause trouble but not project power. “Therefore, the world will be a more disorderly and dangerous place,” Mandelbaum predicts.
Cast your eyes toward a the Middle East. While Turkey and Iran don’t have what it takes to step into the shoes the US has filled, each certainly feel that the withdrawal of us influence presages a much greater leadership role for them in their respective region. China may feel the same thing about the Far East. Friedman concludes:
An America in hock will have no hawks — or at least none that anyone will take seriously.
That’s true, I believe – at least while a Democrat is in the White House or Democrats control Congress – not because they’re suddenly frugal, but because they’d prefer to spend the money on other things.
But this is my favorite paragraph:
America is about to learn a very hard lesson: You can borrow your way to prosperity over the short run but not to geopolitical power over the long run. That requires a real and growing economic engine. And, for us, the short run is now over. There was a time when thinking seriously about American foreign policy did not require thinking seriously about economic policy. That time is also over.
Some of us Americans have know this was a probable result for years. Welcome on board, Mr. Friedman. It’s about freakin’ time.
If you read no other column today, read George Will’s about the global warming industry.
The collapsing crusade for legislation to combat climate change raises a question: Has ever a political movement made so little of so many advantages? Its implosion has continued since "the Cluster of Copenhagen, when world leaders assembled for the single most unproductive and chaotic global gathering ever held." So says Walter Russell Mead, who has an explanation: Bambi became Godzilla.
In essence, it’s analogous to something else we discussed not to long ago, the UAW is now "management". Will’s point is the former "skeptics" – environmentalists – are now the establishment. Funny how that works.
According to the New York Times, Democratic leaders are in the middle of doing what can only be characterized as “political triage” concerning the upcoming House mid-term elections. Reality, as they say, has finally penetrated the happy talk and leaders are taking a brutal look at the chances of all their House members:
In the next two weeks, Democratic leaders will review new polls and other data that show whether vulnerable incumbents have a path to victory. If not, the party is poised to redirect money to concentrate on trying to protect up to two dozen lawmakers who appear to be in the strongest position to fend off their challengers.
My guess is the Blue Dog contingent is about to be cut loose. The leadership probably figures that losing those seat isn’t as big a problem as losing seats in which automatic votes for whatever the leadership puts forward are assured. That would be members of the Progressive caucus and the Congressional Black caucus for instance. The good news for Democrats is most of them are found in what are considered “safe” districts. So they’ll go in the “will live with minimal treatment” category.
The Blue Dogs will most likely go into the “mortal” category and receive little money or backing. They’ll simply let them die, politically It is those in the big middle, in perhaps marginal districts that could go either way or those who’ve survived tight races previously in districts that may lean slightly to the Democratic side which will get the money. These “critical but can be saved” members will get the lion’s share of the money and support allocated for the mid-terms.
Whether they can save enough of them to avoid the magic 39 seats the GOP needs, however, remains to be seen. My guess is it would require a miracle – and possibly that would require some of the Blue Dogs to squeak out a victory. But if those patients are left to pass quietly away when some might have been saved, the Dems may rue the day they decided to pitch them outside the tent and leave them to be brutalized by the political elements. Or said another way – the Dems may outsmart themselves, this strategy could easily blow up badly in their faces and it may be they that assure the 39th seat by not fighting for all of them.