Cake or Death: Krauthammer puts the "Iraq becoming a civil war" meme into context

Al Gore says global warming is YOUR fault!
"He betrayed this country! He played on our fears!"
You don't say...

September 18th, 2007

Fed Cuts Benchmark Rate Half Point, Seeking to Forestall Recession in U.S. - "The Federal Reserve lowered its benchmark interest rate by a half point to 4.75 percent, the first cut in four years, to protect the U.S. from sinking into a recession sparked by fallout from the housing-market collapse. 'Today's action is intended to help forestall some of the adverse effects on the broader economy that might otherwise arise from the disruptions in financial markets,' the Federal Open Market Committee said in a statement after meeting today in Washington. The central bank will 'act as needed to foster price stability and sustainable economic growth.' Stocks surged, two-year Treasury notes rose and the dollar fell to a record low against the euro. The larger-than-forecast reduction suggests Chairman Ben S. Bernanke is prepared to leave himself open to criticism that he's rescuing investors from bad decisions for the sake of saving the six-year expansion."
U.S. Producer Prices Drop More Than Forecast; Foreclosures on Homes Double - "The 1.4 percent decrease, the biggest since October, followed a 0.6 percent increase in July, the Labor Department said today in Washington. So-called core prices, which exclude fuel and food costs, rose 0.2 percent after a 0.1 percent gain the month before. Slower inflation gave policy makers room to cut their benchmark rate today in an effort to sustain the expansion in the face of a housing recession. A drop in fuel expenses pushed prices down in August and cooling economic growth will continue to restrain raw-material costs, economists said."

September 14th, 2007

U.S. Retail Sales, Output Rise Less Than Forecast, Adding to Rate-Cut Case - "The 0.3 percent increase in sales during August followed a revised 0.5 percent gain in July, the Commerce Department said today in Washington. Purchases excluding automobiles unexpectedly fell 0.4 percent. Production gained 0.2 percent, with factory output declining for the first time since February. While a report from the University of Michigan and Reuters Group Plc showed consumer confidence increased, their sentiment index remained near the lowest level in a year. Treasury notes rallied after the retail sales and production reports, before losing the gains."

September 13th, 2007

Greenspan Says He Didn't Foresee Credit Rout, Endorses Bernanke, CBS Says - "Current Fed Chairman Ben S. Bernanke 'is doing an excellent job,' Greenspan said in an interview on the 60 Minutes program, according to excerpts e-mailed by CBS today. The show is scheduled to air on Sept. 16, a day before the publication of Greenspan's book, 'The Age of Turbulence.' The remarks come amid criticism among some investors that Bernanke has failed to be as forceful as his predecessor in responding to financial turmoil. Greenspan in 1998 cut interest rates three times after a Russian debt default rippled through global markets. Bernanke's Fed has refrained from lowering its benchmark so far, relying on other tools to provide liquidity."
Commercial-Paper Market Decline in U.S. Slows as Concerns Over Credit Ease - "U.S. stocks rose and Treasuries fell after the Federal Reserve reported short-term debt dropped by $8.2 billion, compared with a decline of $31.3 billion a week earlier. That coincided with Countrywide Financial Corp. obtaining new financing and banks finding buyers for loans to fund Kohlberg Kravis Roberts & Co.'s buyout of Alliance Boots. Issuers with the biggest chance of default had stopped trying to sell commercial paper, rekindling appetite for short- term debt, said Tony Crescenzi, chief bond market strategist at Miller Tabak & Co. in New York. 'Investors have already pushed out the weakest issuers,' Crescenzi said in an e-mail. 'The commercial paper that remains is a relatively more respected crop.'"

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Friday, March 24, 2006

Krauthammer puts the "Iraq becoming a civil war" meme into context

It is really the profundity of a simple truth, and Charles Krauthammer says it so clearly and succinctly.

This whole debate about civil war is surreal. What is the insurgency if not a war supported by one (minority) part of Iraqi society fighting to prevent the birth of the new Iraqi state supported by another (majority) part of Iraqi society?

By definition that is civil war, and there's nothing new about it. As I noted here in November 2004: "People keep warning about the danger of civil war. This is absurd. There already is a civil war. It is raging before our eyes. Problem is, only one side" -- the Sunni insurgency -- "is fighting it."

Indeed, until very recently that has been the case: ex-Baathist insurgents (aided by the foreign jihadists) fighting on one side, with the United States fighting back in defense of a new Iraq dominated by Shiites and Kurds.

Now all of a sudden everyone is shocked to find Iraqis going after Iraqis. But is it not our entire counterinsurgency strategy to get Iraqis who believe in the new Iraq to fight Iraqis who want to restore Baathism or impose Taliban-like rule? Does not everyone who wishes us well support the strategy of standing up the Iraqis so we can stand down? And does that not mean getting the Iraqis to fight the civil war themselves?

Hence the gradual transfer of war-making responsibility. Hence the decline of American casualties. Hence the rise of Iraqi casualties.

It's true. Isn't this the point we've been trying to get Iraq as a country to? A point where we can hand over more control over to the Iraqis themselves? As that handover slowly progresses, that doesn't mean the fighting will cease, it just means different parties will be doing the fighting as the Iraqi military takes the place of coalition troops against the insurgency. And God bless them for it.

Link to me! Posted by jwookie : 11:55 AM

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