Saturday, February 18, 2006

Shot Gun Approach

In his Post column “Quell Quailgate” dated February 17, 2006 Charles Krauthammer writes, “Something happened involving the vice president that was interesting and unusual but of no great significance beyond that.” I wish the rest of us could be as sanguine about this infamous shooting incident. Mr. Krauthammer concludes wistfully that “Cheney got a judgment call wrong” and that’s all there was to it.

However, Mr. Krauthammer must recall that this is the same vice president, who assured us three days prior to the start of the war that “we will be greeted as liberators” in Iraq. Over two years later, despite a still-raging insurgency in Iraq, Vice President Cheney famously declared it was “in the last throes”. One wonders how many more such Cheney judgment calls it will take, before other conservatives “get religion” as Peggy Noonan did a couple of days ago. Ms Noonan concluded in her Wall Street Journal op-ed column that
Mr. Bush may feel in time that he has reason to want to put in a new vice president”.

Meanwhile on the liberal side of town Eugene Robinson erred only slightly, when he wrote in his Post column on Tuesday that “out-of-control is the way this whole administration operates: Ready, fire, aim.” I believe that it’s actually been more like: Fire, aim, not ready! We can’t forget that the Bush Administration took a shot gun approach into Iraq as well – in the misguided belief that their “shock and awe” strategy did not require a need to “aim”. Three years later, the Bush Administration has discovered that the American public is “not ready” for what they are now calling a “long war” in Iraq.

In fact, this friendly fire, shot gun approach has proven to be a metaphor for the Bush Administration’s handling of major domestic crises as well. Senior citizens have been peppered by a confusing array of options with the Administration’s new prescription drug plan – it’s apparent now that no one was ready for it. The hodge-podge of the Administration’s post-Katrina efforts included cash payments, hotel stays, extensions, evictions, vacant trailer lots, etc. – yet, almost six months later, New Orleans is still a mess and the new hurricane season is barely four months away.

Finally, a word about the vice president’s judgment in selecting Fox News to tell his side of the shooting story – Mr. Cheney was responsible for sending our soldiers into a war where they were hardly greeted as liberators, Mr. Cheney even shot a dear friend in the face, yet Mr. Cheney lacks the chutzpah to host a more open national press conference? With their record of warrantless surveillance, a Pravda-like reliance on Fox News, and a never-ending “war on terror” deteriorating into a modern day crusade – I am tempted to conclude with a Woodwardian warning “be afraid, be very afraid”. But instead, I can only hope that this “friendly fire” incident is a wake-up call to the larger American public. We can no longer be duped by this Administration’s trump card – crying wolf on "national security" whenever it’s convenient to mask its larger failings – that shot gun approach is only for the birds!

Saturday, February 11, 2006

The Other Side of US Economic Policy

The Bush Administration keeps touting the strength of the US economy, which in 2005 saw annual GDP growth of 3.5% and a 15% hike in federal revenues over 2004 to a record $2.15 trillion. In today’s Washington Post, Paul Blustein’s “Trade Gap Hits Record For 4th Year In a Row” tells only a part of the other side of this story – at what cost has this “economic success” been achieved?

The US trade deficit almost doubled from $370 billion in 2000 to $725 billion in 2005, while the national debt increased 44% from $5.7 trillion to $8.2 trillion during the same period. The US personal savings rate was -0.5% in 2005, which means that Americans spent more than they earned after taxes – this is the first time that this has happened since the Great Depression. According to the Chicago Tribune, “The savings rate has been negative for an entire year only twice before, in 1932 and 1933.” So not only is our government living beyond its means, now “we the people” are doing so too!

Meanwhile China continues to eat our lunch on the economic front. Recently the Canadian Broadcasting Corporation reported, “China's economy grew by a red-hot 9.9 per cent in 2005, the Chinese government announced Wednesday – enough to overtake Britain as the fourth biggest economy in the world, after the U.S., Japan, and Germany.” However, as the CBC noted, “Exports surged 28.4 per cent to $878 billion and helped to lead China to record a trade surplus of almost $118 billion.” To make matters worse, Mr. Blustein points out in today’s Post article, “the mounting U.S. deficit with China, which rose 24.5 percent to $201.6 billion last year, the biggest gap the United States has ever posted with a single country.”

If only that were all we had to worry about – Peter S. Goodman of The Washington Post had warned last month that China’s “foreign currency reserves swelled by more than one-third last year to a record $819 billion”. Mr. Goodman also notes that “Traditionally, China has sunk three-fourths of its reserves into U.S.-dollar-denominated investments, such as U.S. Treasury bills.” Is there any doubt as to how easy it has become for China to adversely impact US monetary policy? Never mind, how increasingly difficult it has become for the US to convince China to allow its currency to float!

Finally, we have all heard of the saying, “Like father, like son”. In the geopolitical context, this can be interpreted to mean, “Like nation, like people”. The day after Mr. Goodman’s story appeared in the Post, the Chinese Embassy in the US put out a news release stating “The country had a record 14 trillion yuan (US$1.7 trillion) in personal savings by the end of 2005”.

Candidate Bush had campaigned in 2000 that he would treat China as a “strategic competitor” and not as a “strategic partner” – which is the way he claimed then that President Clinton had dealt with China throughout his presidency. Ironically, President Bush’s own economic policy has now pretty much tied up his hands and severely limited his options in effecting any dramatic change in the overall nature of our relationship with China. It’s the other side of US economic policy that the Bush Administration never talks about!

Saturday, September 17, 2005

A Tale of Two Cities — the Big Easy and the Huge Messy — Will Define the Bush Legacy

"It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us…"
— Charles Dickens’ “A Tale of Two Cities”

In the immediate aftermath of Katrina – as the world learned that it was largely the poor and the destitute that got left behind in New Orleans – The Washington Post reported, “The poverty rate climbed in 2004 to 12.7 percent, from 12.5 percent in 2003 -- the fourth year in a row that poverty has risen.” After falling throughout the Clinton presidency, from a ten-year high of 15.1% in 1993 to a 27-year low of 11.3% in 2000, the poverty rate resumed its upward march during President George W. Bush’s first term. This climb has been analogous to the hike in the poverty rate through much of his father’s term (1990-92), which had then followed a near identical (to Clinton) slide in the poverty rate during the Reagan “seven fat years (1983-89)”. Coincidentally, Hurricane Andrew, which devastated the southern Florida peninsula and south-central Louisiana in 1992, had been the most expensive natural disaster in United States history prior to Hurricane Katrina. It would seem to me that the Bush Karma, which I wrote about in my recent book, “The Bush Diaries”, continues to dog this presidency.

As the President now simultaneously grapples with the myriad problems of having to manage a war abroad and a crisis of gargantuan proportions at home, he might want to come to terms with the implications of this biblical prophecy:

“Whatsoever a man soweth, that shall he also reap.” – Galatians 6:7

In the light of the Bush Administration’s dismal performance in the wake of Katrina, whose progress had been closely monitored and whose after-effects had been widely anticipated, it’s only logical that a majority of American citizens are expressing “shock and awe” at the gross incompetence of the Bush Administration. It might have taken President Bush seven long minutes to get off his chair in that Florida elementary school after being informed about a second plane hitting the World Trade Center, but this time around it took him closer to 7000 minutes after Katrina had made landfall to finally show up in New Orleans!

It’s quite apparent, from his recent televised address to the nation from the Big Easy, that President Bush has realized that his legacy is going to be determined by the "tale of two cities": Baghdad and New Orleans. By the end of his second term, he will have likely spent upwards of $200 billion each in the reconstruction of Iraq and the U.S. Gulf states. We all know that he, and the indomitable American spirit, will succeed in restoring the Big Easy—because throughout history Man has eventually prevailed over Nature's wrath. The more questionable outcome is going to be in the Huge Messy—will President Bush succeed in rebuilding Iraq and be able to leave it with a functioning government and an orderly society—since recovery from this disaster, one largely of his own making, is highly unpredictable. I suspect that 9/11 and the tale of those two other “Bush Doctrine-bestowing” cities, New York and Washington, will fade into the background as far as the ultimate Bush legacy is concerned—and for this the President has only himself to blame!

Wednesday, August 03, 2005

Desperate Maladies Require Desperate Remedies

At the outset, I must confess that I have not read Jhumpa Lahiri’s 1999 best seller, “Interpreter of Maladies”. Nonetheless, I have an interpretation for western civilization’s post-9/11 maladies that might not be palatable to its civil libertarians. Following the 7/7 and 7/21 suicide bomber attacks in London, it has become apparent that western civilization is being threatened in a way that demands any proposed remedies to be equally extreme. In the war on terrorism, Europe is fast approaching a point—which we have probably already breached in America—where freedom can no longer be considered a right but a privilege for its troublesome few. In this regard, any political solution would necessarily have to increase its focus on the wayward children of first generation immigrants in western societies.

In support of my desperate remedies reasoning, I recall a Bollywood movie from my days as a youth in India. In the movie an Indian soldier of a minority faith is faced with a classical dilemma when he needs to choose between the apparently conflicting demands of his religion and the pressing needs of his country? I remember billboards around Bombay asking ordinary citizens to vote on the matter prior to the movie’s release. Not surprisingly, the movie producers claimed that over 75% of the citizens chose country over religion! This Bollywood movie exemplifies the predicament faced by some first generation immigrants in western societies today. Given its poor record of assimilating its immigrant population, Western Europe shouldn’t be shocked to find out that a few of its first generation immigrants probably put the demands of their faith before the interests of their adopted country, which could be at cross-purposes at times.

Based on the initial reports from the 7/7 investigations, it seems that Britain’s first generation immigrant parents did not have a clue as to the terrorist proclivities of their progeny. Well, then it is about time Britain tested its “meet the parents” hypothesis. Some British children, of first generation immigrant parents, might not give a hoot about the country adopted by their mothers and fathers. However, if these misguided souls are religious fanatics, they surely must care a lot about the welfare of their diligent parents. After all, their parents did leave their native land to ensure that these ingrates lived a better life in Britain. Thus, my tough love proposal calls on Britain to pass a law that would seek the deportation of first generation parents of these suicide bombers back to their native countries.

The assumption here—while these suicide bombers might place their religion above the adopted country of their parents, they surely cannot love their religion more than their own parents—is a culturally accepted one. It’s high time that these misguided youth were made to realize that their foolish actions will force their parents to "inherit" punitive consequences. No longer will the planned murders of innocent patrons of mass transit systems go unpunished. Henceforth, these selfish and cowardly acts will additionally penalize the parents of these second generation suicide bombers. This will become a case of the sins of the children being visited upon their parents, which amounts to a rather harsh judgment in some cultures. I don’t write this lightly—my wife and I are both first-generation immigrant citizens of the United States, and we constantly pray that we have brought up our children to lead responsible, law-abiding lives in the country that we love and have adopted as our home. I hope that the deportation law that I have proposed will go a long way in stopping the madness—of this random killing of innocents by ungrateful children, who just happen to be citizens of civilized western societies only due to the accident of their birth!