2009/09/15

EasyRSS: Clipmarks | Vietnam Clips

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Clipmarks | Vietnam Clips

Unprecedented Bailout

clipped by: robm47
Clip Source: robm47.amplify.com

robm47 says:

The cause of our economic fallout was too much lending.How have world governments attempted to fix the problem?More lending!Go figure!



The size of the bailout so far is absolutely unprecedented in all of history. Last November, ace researcher James Bianco did some math and found bailout spending at that time was equal to the inflation-adjusted cost of the Marshall Plan, Louisiana Purchase, Race to the Moon, S&L Crisis, Korean War, New Deal, Iraq invasion, Vietnam, and NASA ? combined. Only World War II rivaled the bailout. And that was back in November.

All that spending originates as borrowing, and there?s no way it?ll ever be repaid. It?ll be inflated away by the Federal Reserve?s monopoly on money creation. That will erode the value of the money in your pocket, in your bank account, and, yes, in your stock portfolio, too.
Read more at www.thedailycrux.com

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Turn, Turn, Turn: A time for Learn, Learn, Learn Afghan War

clipped by: nedhamson1
clippers remarks: Vietghanistan could sink Obama and hurt US. Learn from the mistakes we made in past few years and in Viet Nam. Remember that peace is what Afghans and Americans will support.
Clip Source: www.cleveland.com

Vietnams lessons for our commanders in Afghanistan


Joel Brinkley is a former Pulitzer Prize-winning foreign correspondent for The New York Times and now a professor of journalism at Stanford University. (McClatchy-Tribune)

In Vietnam and Afghanistan, the United States (along with NATO in the current war) spent vast sums of money to train an indigenous military that proved to be just as corrupt as its government and wholly ineffective. Enemy soldiers in both places were largely indistinguishable from the local population because they, too, were Vietnamese and now, in most cases, Afghans. And in both wars the United States was fighting highly skilled, ideological zealots for communism and now for Islamic extremism.


I am not saying here that Afghanistan will become a 21st-century Vietnam. But I am saying we should hope that Obama will learn from President Lyndon Johnsons mistakes as he considers that troop-increase request soon to land on his desk.


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