Obama’s Israel Crisis

by Benjamin Kerstein
In the end, Obama will likely have to face the fact (or suffer the consequences of refusing to face it) that the Israeli-Arab conflict is impervious to Israeli concessions. There is a fairly good reason for this, which is usually lost in the firestorm of pontification that greats anything and everything to do with Israel. It is simply this: the Israeli-Arab conflict was begun by the Arabs, and it can only be ended by the Arabs. Full Story »

Scorsese’s Element

by Benjamin Kerstein
Shutter Island is even more obviously a case of Scorsese being out of his natural element. While the visuals are flawless and the director seems to have packed the film with homages to every thriller ever made, this ultimately leaves the viewer unmoved. Full Story »

Krugman’s War on China

by Francis Cianfrocca
Paul Krugman is calling for war -- a trade war on China, that is. He proposes to impose up to a 25% tariff on imports from China to force them to revalue their currency against the dollar, and start chipping away at their $30 billion/month current account surplus. Full Story »

Following the Money on the Deficit

by Francis Cianfrocca
At some point, the yield curve won't be able to keep funding those deficits. Bank balance sheets will become healthy enough to start funding riskier (and thus more profitable) lending. When that happens in normal recoveries, there's no problem because fiscal spending winds down as, by definition, it's not needed anymore. But this government is now addicted to cheap borrowing. Full Story »

Eleventh Hour Negotiations on Health Care

by BEN DOMENECH / Comments

On Capitol Hill, the Rules Committee is meeting this morning to run through some last minute amendments to the health care legislation. You can read those here. But they’re irrelevant — it’s clear the final standoff on Capitol Hill in the eleventh hour of the health care debate will be over Rep. Bart Stupak’s small band of fellow Democrats who oppose taxpayer funding for abortions.

The mere fact that Speaker Nancy Pelosi is conversing with Stupak behind closed doors at this late moment is a sign that she remains short of the vote total needed to pass the Senate bill, even after the imposition of the so-called “Slaughter strategy” to give political cover to members. There are still many concerns among Blue Dog Democrats that the bill in question will not sufficiently address the cost problems of the health care system, and the latest exchange with the Congressional Budget Office has done little to assuage their worries.

It is Stupak’s small coalition, which once numbered 12 but now seems closer to 3, who could decide the entire issue.

Lest It Should Unman Me

by BEN DOMENECH / Comments

hamilton

Apropos of nothing – Alexander Hamilton’s letter to his wife, prior to the duel.

This letter, my very dear Eliza, will not be delivered to you, unless I shall first have terminated my earthly career; to begin, as I humbly hope from redeeming grace and divine mercy, a happy immortality.

If it had been possible for me to have avoided the interview, my love for you and my precious children would have been alone a decise motive. But it was not possible, without sacrifices which would have rendered me unworthy of your esteem. I need not tell you of the pangs I feel, from the idea of quitting you and exposing you to the anguish which I know you would feel. Nor could I dwell on the topic lest it should unman me.

The consolations of Religion, my beloved, can alone support you; and these you have a right to enjoy. Fly to the bosom of your God and be comforted. With my last idea, I shall cherish the sweet hope of meeting you in a better world. Adieu best of wives and best of women. Embrace all my Darling Children for me.

Ever yours

AH

Bart Stupak’s Moment Of Truth

by PEJMAN YOUSEFZADEH / Comments

There ought to be no doubt by now but that the health care reform bill before the House is a deficient piece of legislation. About the only thing standing between the bill and final passage is Bart Stupak and his caucus of pro-life Democrats. If they waver, a bad bill passes. And the concern is that they may waver:

Representative Bart Stupak, a Michigan Democrat who leads a group pressing for the tougher restrictions, is planning a press conference today to discuss his request for an abortion vote. His legislative director, Nick Choate, declined to comment.

From Paul Ryan’s Mailbag

by PEJMAN YOUSEFZADEH / Comments

An admission from the Congressional Budget Office: Factor in the “doc fix”, and one finds that $59 billion is added to the deficit over the next ten years.

Remind me why anyone is supposed to think that the health care reform bill before the House is the best bill that we can get.

Obamacare’s End

by BEN DOMENECH / Comments

Coffee & Markets will wait til Sunday (we want to see how things turn out), so here’s a brief podcast with a few thoughts from me on the eve of health care reform’s final vote: “Obama’s dedication to passing this spectacularly flawed and unpopular health care bill appears to be based on the assumption that the American people like a winner even if the victory comes at their expense.”

Related Links:

TNL: How Obamacare Will Reshape the Workforce
DC Examiner: Pro Reform Liberals Admit This Wasn’t a Battle Against Special Interests
Heritage: More Bad News in the House Health Care Bill
Keith Hennessey: Understanding the Health Care Bill
Jane Hamsher: 18 Myths About HCR Debunked
The Note: Rep. Frank Says HCR Could Still Fail
NRO: Obamacare’s IRS Connection
NEMJ: 46% of Family Doctors Forced Out of Medicine Under Obamacare
Fred Barnes: Health Care Wars Only Beginning

Obama’s Israel Crisis

by BENJAMIN KERSTEIN / Comments

Now that the rift between the Obama administration and the Netanyahu government has acquired the status of “crisis,” it is worth stepping back from the details of the spat and looking at the big picture. While the Ramat Shlomo announcement and its immediate aftermath were the immediate cause of the Obama administration’s ire, this was a crisis that was waiting to happen and was probably inevitable. The primary reason for this is the fundamental disconnect between Obama and Netanyahu, not only as personalities but, more importantly, in terms of their long term goals for Israel and the Middle East.

To a certain extent, Obama and Netanyahu deserve each other. As I have written before, they are, ironically, remarkably similar in many ways. They are both charismatic, articulate, extremely image conscious politicians whose capacity for visionary rhetoric often far outstrips their competence. Both have been accused of being essentially empty and shallow personalities, which is true in both cases to some extent, but ignores the fact that they are also ideologically driven idealists with very clear visions of the future they are striving toward.

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Google Abandons the China Market

by FRANCIS CIANFROCCA / Comments

I’ve been on record for about two years now to the effect that what happened this week was only a matter of time.

China doesn’t do free-market competition. To them, the whole concept of taking market share away from your competitors is against the natural order of the world. In every industry space, they’ll tend to pick a small handful of anointed winners, assign a relative market share to each one, and then everyone stays in his lane.

In search, the anointed ones include Baidu and Ali-Baba. The point of allowing Google into this market was so that the Chinese players could learn from them and improve their offerings. And it was clear from day one to everyone with eyes that when the Chinese entrants were ready, a pretext would be found to erase Google. That just happened.

I hear from Chinese correspondents that Baidu and Ali-Baba are now growing at rates that are simply astounding, so it’s not the case that the market there isn’t big enough for another large player.

There’s another space where I’m not making a prediction on the timing, but that you should watch: network routing.

Cisco was early to the China market. It’s...

Barbara Boxer Is In Trouble

by PEJMAN YOUSEFZADEH / Comments

Look how poorly Barbara Boxer polls against all of the Republican candidates seeking their party’s nomination for the U.S. Senate seat Boxer currently holds. She is barely beating Carly Fiorina and Chuck DeVore, and getting beaten by Tom Campbell. In each case, she is polling under 50%. Well under 50%.

For an incumbent, that’s horrible. For Republicans, that’s a reason to lick chops. It remains possible, of course, for Boxer to win at the end–California is a heavily Democratic state, after all–but the odds against her winning are looking longer and longer.

Scoring The Health Care Bill

by PEJMAN YOUSEFZADEH / Comments

Democrats are ecstatic about the score given to the health care bill by the Congressional Budget Office. One wonders why, given a close analysis of the bill and the score. Let’s turn the mike over to Jeffrey Anderson:

For a variety of reasons, this tally doesn’t remotely reflect the bill’s real ten-year costs. First, it includes 2010 as the initial year. As most people are well aware, 2010 has now been underway for some time. Therefore, the CBO would normally count 2011 as the first year of its analysis, just as it counted 2010 as the first year when analyzing the initial House health bill in the middle of 2009. But under strict instructions from Democratic leaders, and over strong objections from Republicans, the CBO dutifully scored 2010 as the first year of the latest version of Obamacare. If the clock were started in 2011, the first full year that the bill could possibly be in effect, the CBO says that the bill’s ten-year costs would be $1.2 trillion.

Borderland: The Failure of the Virtual Fence

by BEN DOMENECH / Comments

Not a virtual fence

The announcement this week that the feds have frozen funding for the much-maligned SBINet project, the Boeing-managed program launched in 2005, shouldn’t come as much of a surprise. Costs have already doubled beyond what was originally anticipated, and it still isn’t working.

So far, only a 28-mile prototype of the virtual fence in Arizona has been delivered to the government, and not without snags. Previous GAO reports described cameras with limited ranges that failed in the desert heat and sensors that couldn’t identify nonthreatening movements caused by animals or the wind… Christopher Bronk, a fellow at the James A. Baker III Institute for Public Policy at Rice University who has followed the virtual fence, said a key problem was that the project’s installations were too prominent, with highly visible stationary towers and bulky propane tanks that would-be crossers can spot from far away and therefore avoid.

This is a classic example of a good idea being completely mucked up by government restriction, contractors over-promising on delivering technology, and federal COTS policies. It’s time to start over from scratch.

Could “Deem And Pass” Be Constitutionally Challenged?

by PEJMAN YOUSEFZADEH / Comments

At the very least, it appears to be worth a shot. As mentioned, unlike the case in Marshall Field, an actual Constitutional provision–Art. I, Sec. 7–is implicated. As Jonathan Adler notes, the D.C. Circuit Court of Appeals may be willing to analogize any challenge to the one that was issued in Public Citizen, thus causing it to rule the same way that it did in Public Citizen. But since the Supreme Court may well think differently, and since there is ample cause for it to think differently, a Constitutional challenge to the use of the “deem and pass” rule should very much be found to be on the table.

Of course, if we could just have a straight up-or-down vote in the House on health care reform, perhaps we could avoid any litigation altogether. But that apparently is not going to be a luxury we can enjoy, now is it?

Tea Leaves

by PEJMAN YOUSEFZADEH / Comments

So, there may be no vote on the health care package this weekend because House Democrats suddenly decided that they want to wait for the CBO score? I don’t know about anyone else, but I read this as meaning that the House Democratic leadership believes–the pledges of “yes” votes from the likes of Dennis Kucinich notwithstanding–that they don’t have the votes.

- March 20, 2010 -

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National Affairs

Bush, Obama, and the Intellectuals

“America’s intellectual class seems to adore President Barack Obama nearly as much as it reviled his predecessor. While Bush was routinely derided for his purported lack of intelligence and learning, Obama has been embraced by the intellectuals as one of their own — to a degree unmatched by any president since perhaps Woodrow Wilson.”

Politico

As Sparks Fly, Democrats Close in On 216 for Health Care

By the official TNL count, Democrats remain five votes short, but that’s arm-twisting distance, making Democrats confident “even as they dealt with abortion, a flare-up over regional Medicare reimbursement rates for doctors, senators’ decision not to sign a letter promising to pass a reconciliation bill with House “fixes” and a smattering of other individual issues.”

FireDogLake

Stupak Abortion Language to be Added as “Tie Bar” to House Bill

Stupak’s anti-abortion Democrats will get their fig leaf: “According to a member of Congress who was briefed on the matter, Pelosi has agreed to let Stupak have a vote on his amendment, which instructs the Senate to substitute his language for the Senate language on abortion.”

AP

Take Your Hands Off My Pork

The Senate has decided to keep their pork, thank you very much. In a 68-29 vote they killed a move by conservatives to institute and earmark ban. Fifteen Republicans joined the Dems in the vote. Look for new frisbee golf courses, and bridges to no where in your state soon!

Los Angeles Times

Conan and Fox in Talks for Late Night Return

Conan O’Brien may be returning to late night on the Fox mothership. “Key Fox executives, including Rupert Murdoch, are on board with the plan.” Fox is looking to nail down the details in time for the fall lineup presser on May 17. Come back Conan!

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