News is taking a slight vacation in a week that did not precipitate the volume of top stories, as in weeks past. Nevertheless, the economy again dominates the news. However, the outlook is upbeat and a little lighter on the Dow Jones front for a number of reasons. With the federal government stoking the economic fires with paper money, and a relief in interest rates, the Dow rallied and a recession was possibly averted. Recession would not be good news for Republicans on the stomp. What happens on Wall Street affects candidates, politicians, and people on the street, and those living in homes that are nearing foreclosure. The predictions for the feds continually cutting prime rate is unlikely.
Because the world nears the 10th anniversary of Princess Diana's demise, voila — instant top news, albeit not local politics. Diana is no longer enigmatic but mythic. Forget fame, this woman has approached apotheosis. Her death’s impact compared to that of John F. Kennedy’s assassination, including the conglomerate of conspiracy theories. The other biggest story was that of the bed-shaking 8+ on the Richter scale earthquake in Peru. A tsunami averted, no thanks to local politicians.
Iraq: Front and Center
“It’s beginning to look a lot like Christmas,” Democratic Congress could be singing if September reports on the surge are not good. The “surge sucks” is likely the buzzword around the Hill. The “surgees” (soldiers) are not the problem — but the “Surger’s” surge order, that is the problem. In addition, the report of its effectiveness is due by the middle of September. If the surge is not working then he must implement new strategies for Iraq. The clamor and the invocations are already making strong cases that pullout should begin unequivocally sometime in December, near Christmas.
Will there be civil war and extreme-faction violence when the U.S. military departs? No doubt, absolutely, are the predictions. Is this because Bush finally likened Iraq to Viet Nam? No, because there are historical precedents for this scenario to play itself out, without missing a beat. It will be messy, people, so prepare yourselves for that. Will it end in Israel being attacked and/or destroyed? That must be on some military minds because aid to Israel increased recently with a promise of $30 million dollars during the next decade.
Bush was advised this week by armchair scholars, who think that he sorely needs to read a book or two about military history and Viet Nam. He does not know squat about it obviously, despite his bold statement about U.S. departure (a reversal of thinking) and during a press conference comparing the two wars: “The price (of withdrawal) paid by millions of innocent citizens, whose agony would add new terms to our vocabulary like boat people, re-education camps, and killing fields.” (Translation: these terms never would have been coined had we not left Viet Nam.) Yes, civil war is inevitable if we glance at the history of partitions and of empires pumped up by world powers (such as Great Britain, France, and the U.S.) before, during, and after past and present planned pullouts. Will the world see the domino effect, or will history repeat itself? Stay tuned.