Throughout the day, I have been talking about different problems from failed states to failed election practices. Since this is a broad area to cover, I will start on the domestic front.
In the U.S. we must continue to do several things economically, pump more capital into banks. I stated in my earlier post that the IMF believes the U.S. needs $69 billion more in capital. In addition, we need more stimulus money in order to prevent states from cutting vital programs. Through there is some growth in the economy it is not enough. It can grow a lot faster if we pursue stronger policies.
In foreign policy, the U.S. needs to try and find ways to find a balance with failed states. This means trying to strike partnerships with China, who as of today is now the second largest economy in the world by surpassing Japan. The U.S. must also find it priorities in Pakistan. As Jon Stewart humorously noted the other night, we are sending money to Pakistan which is used to fight ourselves. This paradox nightmare must end. Either put tighter constraints on Pakistan or find restrictive pressure programs to stop the madness.
Finally, In my opinion piece today I talked about the need for real discourse and ending the argument by association, which I debunked as a myth to insult the human intelligence. Furthermore, the Weekly Standard and Robert Wright articles proved my point on this issue. Although not a political campaign issue, it proves it nevertheless.
To sum up what I covered:
1. security and stability were the keywords today. I talked about Somalia and Pakistan as the two countries to focus on in the future.
2. Economic issues: more stimulus and capital is needed
3. Attack by Association is a cheap political trick
4. Getting Out the Vote for KS
4. Fun videos, campaign ads, and cartoons made the day better I think
My next post will be Sunday Talk. Please become a follower if you have not already:). I leave you now with Congressman Anthony Weiner going crazy on the House Floor. Have a good weekend!
Photo Credit: http://jomc712.wordpress.com/2009/01/26/assignment-1-the-thinker/
To all my KS brothers and sisters:
I have put up some websites that describe candidates for both parties running in the primaries this August.
Republicans (lists both candidates): http://www.uselections.com/ks/ks.htm
Get out and vote August 3rd!!!
Photo Credit: http://www.taurusandpisces.com/video.php
A New IMF report states that banks need more capital in order to start lending again. This does not come as a surprise because most economists have predicted that this is a necessary part of economic growth. My warning: unless more stimulus is given states will have to cut budgets and banks will freeze lending. That will hurt the economy more. I am not an economist, but I think that it would be best to put at least some capital into the economy such as another smaller stimulus package. Though this view is a minority one, I think that is a necessary venture. The IMF estimates that $69 billion is needed in capital to stimulate banks.
With the President’s political capital diminished gets getting actual capital is very slim.
IMF Report Article: http://www.bloomberg.com/news/2010-07-30/imf-says-u-s-banking-system-might-need-as-much-as-76-billion-in-capital.html
I have already written about a possible revitalization of a Pakistan/U.S. relationship via China, but after the recent release of the wikileaks documents many are speculating that the relationship forged between the two countries is less than a perfect or good one. I agree with that assessment. New analysis by the Pew Research Center says that approval ratings of the U.S. overall are not in a good position. Some of the findings include:
- Obama’s policies are not positive with the U.S. so far.
- India is seen as a greater threat to Pakistan than terrorism
- The government in Pakistan is not highly approved
- The economic situation appears bleak to the Pakistani’s
- 84% of Pakistani’s have a favorable approval rating of the Chinese
What many have questioned so far is if the U.S. is doing the right thing in helping Pakistan because they seem to want to fight us and the terrorists. This is not surprising since these groups often use the same strategy of fly by night help the village that was used by the VietCong during the Vietnam War. If you are going to have groups that provide those kinds of services and your economy is in shambles of course you will support them. I will not recommend remedies for Pakistan, but I think maybe some type of multilateral forum would be nice.