Inside the Asylum

Netanyahu says:

Israeli Prime Minister Benjamin Netanyahu said Sunday evening in his foreign policy speech at Bar Ilan University that Palestinian leadership must show integrity and courage to attain peace.

Hamas responds:

Islamic Hamas movement on Sunday said Israeli prime minister Benjamin Netanyahu's speech was "racist and radical."

No further comment.

I think that quote about sums up the Obama administration. It's ironic that this story comes from an exclusive interview given to Xinhua News, and published on the Chinese website.

[Peter] Schiff, currently serving as president and chief global strategist of the brokerage firm Euro Pacific Capital Inc, told Xinhua during an exclusive interview on Saturday that "the things the government is doing with the economy only put us into deeper debt and deeper trouble. All they will probably do is buy us time, interfere with the current situation and postpone the unpleasant consequences in exchange for more damage in the future."

And remember my Cartobama comparisons? (See categories sidebar)

He said, "the Obama Administration will be like Jimmy Carter's."

Here's an Econ 101 lesson for Obama:

"The kind of jobs created by the government stimulus are not productive and viable for the economy, but the private sector is forced to subsidize them. Not only are they a drain on the real economy via taxation, they also divert human capital from private businesses."

But Obama says he wants competition ... between government and private enterprise that is. Trust me ... you'll get more trustworthy news from Xinhua than you will from any MSM source in the United States ... and isn't that a sad indictment on US media.

No surprise really, but the liberal rag the LA Times, is just as clueless about Pacific politics as the Obama administration. I recently posted about the problems associated with sending the Uighurs from Gitmo to Palau related to the Great Game played by Taiwan and China, and today (June 14th) the LA Times has a much longer story about the problems of sending the Uighurs to Palau ... which fails to mention Palau's recognition of Taiwan, or indeed anything at all about Taiwan. The whole story is all about how peaceful Palauan islanders are worried about how the Uighurs will fit in to their idyllic Pacific paradise. Clueless. The Uighurs are only going to be there just long enough for China to get out its check book. No wonder the newspapers are going out of business. People will pay for hard news, and people will pay for insightful analysis they can't easily get elsewhere. This story contains neither.

Officials from Beijing told a UN conference in Bonn yesterday that China would increase its emissions to develop its economy rather than sign up to mandatory cuts.

Good ol' Chinese ... they'll save us from the ice age even if no one else will.

The refusal is a setback for President Obama’s efforts to drum up support for an agreement at Copenhagen in December on a successor treaty to the Kyoto Protocol. As argument erupted between rich and poor nations at the Bonn talks, Yvo de Boer, the UN climate change chief, said that a worldwide pact to prevent global warming was “physically impossible”.

My heart bleeds. Not.
As Lentz commented in a private communication, they should just cancel Copenhagen and save everyone a lot of time and money. It would also be good for the environment, what with all those thousands of delegates flying in on their private jets to attend. What is the carbon footprint of Copenhagen going to be? And these people say they care about the environment. Shame.

Plastic bread. Wine made out of sea water. Hey, why didn't I think of that?