Obama’s Weapons Deals with India are Nothing to Be Proud of (China Daily, People’s Republic of China)

November 9, 2010 · Posted in The Capitol · Comment 

In the last 24 hours, the state-run newspapers in China emitted two cold blasts directed at the United States. One relates to President Obama’s trip to India, and the other the U.S. midterm elections

Although much of the attention surrounding President Obama’s trip to India focused on Pakistan’s reaction, the other elephant in the Indo-Asian room has also been watching carefully. Columnist Chen Weihua of the China Daily, in an article headlined Obama’s Weapons Deals with India are Nothing to Be Proud of, hits hard at the $ 10 billion in deals that are meant to create 50,000 U.S. defense industryjobs in the United States.

For the China Daily, Chen Weihua writes in part:

With U.S. unemployment staying stubbornly above 9.5 percent for 15 consecutive months, Obama promised that the trip would focus on job creation.

But the approximately 50,000 new U.S. jobs that could be created by the India business deals worth $ 10 billion are mostly in the defense industry. These are jobs to build weapons that could escalate a regional arms race. They are hardly jobs to be proud of.

Given the lobbying of the U.S. defense industry which employs an estimated 3 million people, it’s perhaps not surprising that the U.S. president serves as a broker for military contractors. America is eager to replace Russia as the biggest arms supplier to India, the world’s largest arms importer last year.

Obama should ask himself why Muslims in Indonesia, where he spent part of his childhood, are staging protests rather that welcoming him. He hasn’t acted to end the Afghanistan War as he promised. Rather, he has made it his own war. It’s now the longest war in U.S. history.

Obama should face up to reality and stop living in denial. He should tell the American people some hard truths. Companies that have secured deals in India are the same ones that have moved tens of thousands of manufacturing jobs overseas.

In the second article from the Chinese from the state-run Global Times, headlined China the Universal Scapegoat in America’s ‘Ugly’ Midterm Polls, U.S. correspondent John Gong writes about how American politicians have wrongly demonized China in order to win votes in the just-passed midterm elections.

For the Global Times, John Gong writes in part:

Elections are always ugly. And the ugliness of the 2010 midterm election in the U.S. were especially distinguished by its vicious, rampant, and xenophobic campaign of China-bashing.

For the first time in history, from Detroit to Houston and New York to LA, using China as a scapegoat for every U.S. economic problem became a popular bipartisan sport in congressional the mud-wrestling.

China-bashing TV advertisements have showcased gongs, dragons, cheesy music, red communist flags, a flood of invading merchandise and insatiable Chinese consumers. Some of the ads have clearly touched on the sensitive battle line of race, casting a profound shadow over the lives of millions of Chinese Americans.

What’s so alarming is that anti-China feeling in the U.S. appears to be a broad-based and long-lasting trend. If this dangerous trend isn’t dealt with properly, it could be an explosive issue in future Sino-U.S. relations.

READ ON AT WORLDMEETS.US, your most trusted translator and aggregator of foreign news and views about our nation.


The Moderate Voice

Obama’s Weapons Deals with India are Nothing to Be Proud of (China Daily, People’s Republic of China)

November 9, 2010 · Posted in The Capitol · Comment 

In the last 24 hours, the state-run newspapers in China emitted two cold blasts directed at the United States. One relates to President Obama’s trip to India, and the other the U.S. midterm elections

Although much of the attention surrounding President Obama’s trip to India focused on Pakistan’s reaction, the other elephant in the Indo-Asian room has also been watching carefully. Columnist Chen Weihua of the China Daily, in an article headlined Obama’s Weapons Deals with India are Nothing to Be Proud of, hits hard at the $ 10 billion in deals that are meant to create 50,000 U.S. defense industryjobs in the United States.

For the China Daily, Chen Weihua writes in part:

With U.S. unemployment staying stubbornly above 9.5 percent for 15 consecutive months, Obama promised that the trip would focus on job creation.

But the approximately 50,000 new U.S. jobs that could be created by the India business deals worth $ 10 billion are mostly in the defense industry. These are jobs to build weapons that could escalate a regional arms race. They are hardly jobs to be proud of.

Given the lobbying of the U.S. defense industry which employs an estimated 3 million people, it’s perhaps not surprising that the U.S. president serves as a broker for military contractors. America is eager to replace Russia as the biggest arms supplier to India, the world’s largest arms importer last year.

Obama should ask himself why Muslims in Indonesia, where he spent part of his childhood, are staging protests rather that welcoming him. He hasn’t acted to end the Afghanistan War as he promised. Rather, he has made it his own war. It’s now the longest war in U.S. history.

Obama should face up to reality and stop living in denial. He should tell the American people some hard truths. Companies that have secured deals in India are the same ones that have moved tens of thousands of manufacturing jobs overseas.

In the second article from the Chinese from the state-run Global Times, headlined China the Universal Scapegoat in America’s ‘Ugly’ Midterm Polls, U.S. correspondent John Gong writes about how American politicians have wrongly demonized China in order to win votes in the just-passed midterm elections.

For the Global Times, John Gong writes in part:

Elections are always ugly. And the ugliness of the 2010 midterm election in the U.S. were especially distinguished by its vicious, rampant, and xenophobic campaign of China-bashing.

For the first time in history, from Detroit to Houston and New York to LA, using China as a scapegoat for every U.S. economic problem became a popular bipartisan sport in congressional the mud-wrestling.

China-bashing TV advertisements have showcased gongs, dragons, cheesy music, red communist flags, a flood of invading merchandise and insatiable Chinese consumers. Some of the ads have clearly touched on the sensitive battle line of race, casting a profound shadow over the lives of millions of Chinese Americans.

What’s so alarming is that anti-China feeling in the U.S. appears to be a broad-based and long-lasting trend. If this dangerous trend isn’t dealt with properly, it could be an explosive issue in future Sino-U.S. relations.

READ ON AT WORLDMEETS.US, your most trusted translator and aggregator of foreign news and views about our nation.


The Moderate Voice

Obama’s Weapons Deals with India are Nothing to Be Proud of (China Daily, People’s Republic of China)

November 9, 2010 · Posted in The Capitol · Comment 

In the last 24 hours, the state-run newspapers in China emitted two cold blasts directed at the United States. One relates to President Obama’s trip to India, and the other the U.S. midterm elections

Although much of the attention surrounding President Obama’s trip to India focused on Pakistan’s reaction, the other elephant in the Indo-Asian room has also been watching carefully. Columnist Chen Weihua of the China Daily, in an article headlined Obama’s Weapons Deals with India are Nothing to Be Proud of, hits hard at the $ 10 billion in deals that are meant to create 50,000 U.S. defense industryjobs in the United States.

For the China Daily, Chen Weihua writes in part:

With U.S. unemployment staying stubbornly above 9.5 percent for 15 consecutive months, Obama promised that the trip would focus on job creation.

But the approximately 50,000 new U.S. jobs that could be created by the India business deals worth $ 10 billion are mostly in the defense industry. These are jobs to build weapons that could escalate a regional arms race. They are hardly jobs to be proud of.

Given the lobbying of the U.S. defense industry which employs an estimated 3 million people, it’s perhaps not surprising that the U.S. president serves as a broker for military contractors. America is eager to replace Russia as the biggest arms supplier to India, the world’s largest arms importer last year.

Obama should ask himself why Muslims in Indonesia, where he spent part of his childhood, are staging protests rather that welcoming him. He hasn’t acted to end the Afghanistan War as he promised. Rather, he has made it his own war. It’s now the longest war in U.S. history.

Obama should face up to reality and stop living in denial. He should tell the American people some hard truths. Companies that have secured deals in India are the same ones that have moved tens of thousands of manufacturing jobs overseas.

In the second article from the Chinese from the state-run Global Times, headlined China the Universal Scapegoat in America’s ‘Ugly’ Midterm Polls, U.S. correspondent John Gong writes about how American politicians have wrongly demonized China in order to win votes in the just-passed midterm elections.

For the Global Times, John Gong writes in part:

Elections are always ugly. And the ugliness of the 2010 midterm election in the U.S. were especially distinguished by its vicious, rampant, and xenophobic campaign of China-bashing.

For the first time in history, from Detroit to Houston and New York to LA, using China as a scapegoat for every U.S. economic problem became a popular bipartisan sport in congressional the mud-wrestling.

China-bashing TV advertisements have showcased gongs, dragons, cheesy music, red communist flags, a flood of invading merchandise and insatiable Chinese consumers. Some of the ads have clearly touched on the sensitive battle line of race, casting a profound shadow over the lives of millions of Chinese Americans.

What’s so alarming is that anti-China feeling in the U.S. appears to be a broad-based and long-lasting trend. If this dangerous trend isn’t dealt with properly, it could be an explosive issue in future Sino-U.S. relations.

READ ON AT WORLDMEETS.US, your most trusted translator and aggregator of foreign news and views about our nation.


The Moderate Voice

Obama Talks About Trade Deals With India, But Israel’s Ties With India May Be Stronger

November 8, 2010 · Posted in The Capitol · Comment 

Over the past few days, Obama has been in India emphasizing the US-India relationship:

President Barack Obama announced a host of new trade deals with India supporting tens of thousands of US jobs Saturday as he began a 10-day trip through Asia on a determinedly domestic note.

Intent on demonstrating his attention to the sluggish US economy even while overseas, Obama also told a meeting of US and Indian executives that the US would relax some export regulations that have complicated trade between America and this fast-growing country of 1.2 billion people.

“As we look to India today, the United States sees the opportunity to sell our exports in one of the fastest growing markets in the world. For America, this is a jobs strategy,” the president said in a speech to the US-India Business Council. The remarks also were aimed at US voters who punished Democrats in the midterm elections in part over continued high unemployment.

But while Obama may see India as a market, according to an article in Reform Magazine, India and Israel have a strong, ongoing relationship:

Some 40,000–50,000 Israelis travel to India each year (many of them “unwinding” in the country after completing military service), and are a very visible presence in the country. In some outlying locations Israelis comprise a dominant percentage of foreign visitors. Even in central sites such as the main market in Old Delhi it is not uncommon to see Hebrew signs and meet merchants who can converse with Israeli customers in fairly fluent Hebrew.

This is no doubt due to the fact that Israel and India share quite a few things in common:

  • Both Indians and Jews have ancient, illustrious civilizations which deeply impact their respective national mindsets, and a reverence for their past heritage which is evident in many aspects of public and private daily life.
  • Both nations achieved independence from British colonial rule in the late 1940s.
  • Both have contended with threats to national security from neighboring countries (India from China and Pakistan; Israel from the Arab states), terrorism, political assassination (Itzhak Rabin in Israel; Indira and Rajiv Gandhi in India), periods of economic hardship, and ethno-religious rivalries (both having significant Muslim minorities which at times have displayed animosity to the non-Muslim majority).
  • Both nations—despite these dangers—have never wavered in their commitment to democracy.
  • Both are committed to a knowledge-based society emphasizing learning, science, and technological advancement.
  • Both have received financial and political support from their highly successful diaspora communities (particularly in the U.S.), which are loyal to their host countries while maintaining a strong affinity with the homeland.

So it really should not come as a big surprise that according to a study done last year, India was ranked as the most pro-Israel country in the world:

According to the study, which was unprecedented in scope and was undertaken by an international market research company, 58% of Indian respondents showed sympathy to the Jewish State. The United States came in second, with 56% of American respondents sympathizing with Israel.

It is true that Israel may not be able to rival the $ 15billion in deals Obama announced with India with the tens of thousands of jobs that are expected to be created-but India is clearly both an important trading partner for Israel and a developing ally as well.

Hat tip: Yaacov Lozowick

Technorati Tag: .


Daled Amos

Rubio blasts ‘secret deals’

October 28, 2010 · Posted in The Capitol · Comment 

Rubio aide Todd Harris emails reporters:

Charlie Crist truly will say and do anything to get elected and hold on to power. Secret deals to trade away principles for power is already the problem in Washington, it’s not the solution. This is simply politics as usual which is exactly what voters across the country are emphatically rejecting this election.

Harris — whose interest is keeping Meek in the race — adds that  "As of yesterday, in our internal tracking showed Crist and Meek in a statistical dead heat. Among those who have already voted, our internal polling actually shows Meek beating Crist 28% to 24%."





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Ben Smith’s Blog

Report: Fiorina Oversaw Unstable Deals While Leading ’90s Telecom

October 15, 2010 · Posted in The Capitol · Comment 

Fortune is out with a story today on California Senate candidate Carly Fiorina (R), reporting that she orchestrated unstable deals in an effort to grow the telecom company she lead in the 1990s as quickly as possible — and make headlines.

Fiorina has run largely on her experience leading Hewlett Packard. But before she joined HP, she worked for a telecom company called Lucent Technologies.

Her stint at Lucent is what rocketed her to fame, at least in the business world. The company, which made telecom equipment like fiber optic cable, grew revenues 58% and added 22,000 jobs while Fiorina was there, a success she parlayed into her HP job and then her self-financed run for Senate.

One of her biggest deals at Lucent was one in which a small start-up, PathNet, bought a huge amount of fiber optics — a deal worth between $ 440 million and $ 2.1 billion.

But, as Fortune reports, the deal wasn’t a model of stability. PathNet only had some $ 1.6 million in annual revenue at the time. How did they pay for the equipment? Lucent, Fiorina’s company, loaned them the money.

As Fortune points out, it was a common deal in the heady, easy-credit days of the late-90s telecom industry, before the bubble burst — as it did soon after Fiorina left Lucent.

But Fiorina has since touted her resistance to using irresponsible methods to fuel short-term growth at any cost. A spokeswoman told Fortune their story, which compares Fiorina’s deals to subprime mortgages, “almost libelous.”









TPMMuckraker

Toomey Insists Derivatives Deals Are ‘Non-Risky,’ As They Cost Schools And Cities Across The Country Millions

October 6, 2010 · Posted in The Capitol · Comment 

Pennsylvania’s Republican Senate nominee Pat Toomey has been unrepentant about his role in deregulating derivatives, the complex financial instruments that helped bring about the financial crisis of 2008, and which Toomey himself traded. While in House of Representatives, Toomey voted for the Commodity Futures Modernization Act — a bill sponsored by Phil “Mental Recession” Gramm that outlawed government oversight of the over-the-counter derivatives market — and has said he would vote for it again if given the chance.

“That bill did absolutely nothing to cause the financial crisis, and no credible person has tried to make that argument,” Toomey said.

Of course, several credible people — including Nobel Prize winner Joseph Stiglitz — have highlighted the destruction wrought by derivatives. Billionaire investor Warren Buffett has referred to them as “financial weapons of mass destruction.” And as a revealing piece by Mother Jones’ Nick Baumann shows, Toomey has tried to downplay the extent to which the instruments he traded and then exempted from oversight have hurt American communities:

During the campaign, Toomey has referred to the products he worked with as “non-risky” “common derivatives,” different from the “toxic” mortgage-backed derivatives that some believe caused the financial crisis…In Pennsylvania alone, 107 school districts reportedly entered into swap deals—”gambling with the public’s money,” according to the state’s auditor general. Some have since paid millions of dollars to Wall Street banks to get out from under the deals. Chicago, Denver, Kansas City, Missouri, Philadelphia, Massachusetts, New Jersey, New York, and Oregon all recently lost money on similar swap deals.

One Pennsylvania school has had to pay $ 12.3 million to disentangle itself from a swap deal with J.P. Morgan. The Denver public schools system has paid millions of dollars more in fees on a swap deal than it anticipated, and the only way to escape is an $ 81 million termination fee. And Matt Taibbi ably demonstrated how Jefferson County, Alabama, was fleeced by swap deals as it tried to finance a new sewer system.

Now, Toomey himself did not have anything to do with these deals, or with the credit default swaps that sunk some of Wall Street’s behemoths, necessitating a slew of federal rescues. But he doesn’t seem to have any comprehension of the damage that Wall Street has wrought by wielding these instruments without regulatory oversight.

This is going to be a critical issue in the next few years, as regulators implement the Dodd-Frank financial regulatory reform bill, and already House Republicans are looking at ways to defund some of the enhanced regulations. Would Toomey hop on board with those efforts, since he seems to feel what Wall Street’s deregulation caused no harm?

Wonk Room

Nathan Deal’s Path To Victory In GA GOV

October 6, 2010 · Posted in The Capitol · Comment 

Welcome back to Hotline On Call‘s Path To Victory feature, where we take a close look at some of the marquee races this year. On Monday, we examined how former Gov. Roy Barnes‘ (D) plans to return to the Georgia governor’s mansion this year.

Today, we look at former Rep. Nathan Deal (R), who emerged from a crowded and competitive primary to carry the GOP banner. While Barnes’ brand has been a part of Georgia politics for more than 10 years, Deal – who represents a northern Georgia congressional district — is less well known statewide.

But Deal has a lot of things going for him. Most notably, he’s the Republican nominee in a Republican state in a Republican year. If that wasn’t enough, his opponent has plenty of baggage to use against him. “This should be a no brainer for the GOP,” said one prominent Georgia Republican strategist not involved in the campaign.

And with that, here is Deal’s path to victory:

Weather The Storm: As we noted on Monday, Deal has faced a steady stream of stories alleging corruption in the last week. Fortunately for him, though, they don’t seem to be having much effect on the polls. Deal has consistently led in polls, in some cases by double digits.

One Georgia Republican not involved in the campaign put Deal’s position this way: “He just has to not screw it up.”

“Deal just needs to get the normal Republican vote,” said University of Georgia political science guru Charles Bullock. “If he does, he wins.”

Hotline On Call

Rush: “We Don’t Need RINOs Cutting Deals With Imam Obama”

September 24, 2010 · Posted in The Capitol · Comment 

By Adam Shah

Rush spent
most of his opening monologue complaining about Stephen Colbert’s testimony
before Congress. Moving on to more serious matters, he attacked conservatives
and Republicans who were not enthusiastically supporting GOP Senate candidates
Joe Miller from Alaska
and Christine O’Donnell from Deleware. Rush stated that we don’t need
any more RINOs cutting deals with “Imam Obama.” He also said that he’d vote for
Mickey Mouse or a rat if it would vote against Obama. Rush closed out the first
hour by singling out Charles Krauthammer and Jonah Goldberg as people who need
to call for Sen. Lisa Murkowski to get out of the Alaska senate race.

Rush later
moved on to attacking President Obama for his United Nations speech.
Rush claimed that Obama was bashing Israel by talking about the
Israeli-Palestinian conflict. Israeli Prime Minister Benjamin Netanyahu,
however, praised
Obama’s speech. Rush also discussed Obama’s statement in his UN speech that
Wall Street caused the financial crisis. Limbaugh said that in some parts of the
world, ” ‘Wall Street’ is shorthand for the Jews,” and let his listeners
draw their own conclusions about what Obama was doing. Turning to Iranian
President Mahmoud Ahmadinejad’s 9/11 truther comments
before the UN, Rush claimed
that some of Ahmadinejad’s speech sounded a lot like Democrats’ “talking points.”  

It was
open-line Friday, and because of a question from a caller, Rush spent a large
part of the third hour talking about what type of private jet he liked best.
But he did have one new political thing to say: Rush speculated that the stock
markets were doing well, in part, because the Federal Reserve is trying to help
Obama. Rush said that they did the same thing in causing the financial crisis
in 2008 and passing the TARP.

Here are
some highlights from today’s show:

Limbaugh:
“We don’t need RINOs cutting deals with Imam Obama”

Limbaugh:
“I should have won” Nobel Peace Prize “given that a hoax and a
hoax master won the thing”

Limbaugh: Democrats’ “talking
points” are “similar” to those of Mahmoud Ahmadinejad

Limbaugh: Obama blamed Wall Street
for global recession; “in some parts of the world … Wall Street is
shorthand for the Jews”

Limbaugh
repeats false claims about FDA’s reason to revisit Avastin approval, invokes
“death panels”

Limbaugh: “If Mickey Mouse could get on the ballot and would vote against the Obama agenda, I would support” him

Media Matters for America – Limbaugh Wire

DC Elections Board Deals Blow To Fenty

August 25, 2010 · Posted in The Capitol · Comment 

The DC Board of Elections and Ethics on Wednesday denied a request made by Mayor Adrian Fenty (D) to allow unaffiliated voters to participate in the Sept. 14 Dem primary if they became Dems on that day, dealing a blow to Fenty’s re-election chances.

Fenty is facing City Council Chair Vincent Gray (D) in the Dem primary, but because more than 75% of registered voters are Dems (as of ’08), the winner of the primary is virtually assured of being elected mayor in the Nov. 2 general election.

The Fenty camp had asked the board to allow voters who hadn’t registered with a party to do so on the day of the primary. Recent changes to DC election laws allow for same-day registration in the primary for those who aren’t registered to vote at all.

On Aug. 12, a Thursday, the board had adopted regulations to deal with the new law to clarify that unaffiliated voters would not be able to change their registration after Monday, Aug. 16. The Fenty camp argued that the two business days allotted by the board was insufficient.

Hotline On Call

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