Monday, April 20, 2009

Loyal Jewish Americans?

The story in the NYT and other media about Congresswoman Jane Harmon's involvement with AIPAC, Haim Saban, and perhaps an "Israeli agent," raises questions about the loyalty of American Jews. Harmon, a senior member of the House Intelligence Committee, is Jewish and apparently put Israel's interests ahead of America's. From the hazy reporting on the matter, the "Israeli agent" may simply be someone from AIPAC, not a Mossad spook. On the other hand, NSA is not supposed to wiretap conversations between Americans. If a conversation does not involve somebody overseas, then an agency other than NSA should be doing it.

In any case, the report does raise questions about the loyalty of American Jews vis-a-vis Israel, starting with Harmon, including billionaire Saban (a dual US-Israeli national), and certainly AIPAC, which claims it is not an Israeli lobby, despite the fact that the case that Harmon was talking about involved the transfer of classified information to Israel by employees of AIPAC.

I don't think all Jews are disloyal Americans. One of the most loyal Americans we have at the moment is Jon Stewart (nee Jonathan Liebowitz), along with Tom Friedman, and many others like Ben Bernanke and Paul Volker. But on the other hand, you've got Joe Lieberman, who represents Israel much more forcefully than he represents Connecticut.

Meanwhile, today you have the furor over criticism of Israel by the UN Human Rights Commission. No doubt Ahmadinejad's criticism of Israel was way off the mark, but you would think that a country founded as a result of the suffering of the Jews in the Holocaust would be more concerned about the suffering of the Arabs displaced by the creation of Israel. Palestine may have been a Jewish country 2,000 years ago, but it wasn't Jewish in 1945. The US has become an apologist for Israeli acts that many Westerners find horrifying. It's a shame that so many decent Jews are tarred by what Israel does. The crushing embrace in which many American Jews hold Israel does a disservice to more conscientious, moral, thinking Jews.

This episode with Jane Harmon is only the most recent. The US Congress marches in lockstep with AIPAC, just as it does with the NRA, now the defender of supplying Mexican drug gangs with powerful guns used to kill everyone from children to law enforcement officers. To look at the US Congress is to see cowards on parade. They are following in the footsteps of the Roman senate, described as follows by Wikipedia: "... [U]nlike the senate of the republic, the senate of the empire was not politically independent. With the loss of its independence to the emperor, it lost its prestige and eventually much of its power."

Wednesday, April 15, 2009

Goldman Cashes In

Goldman Sachs is taking maximum advantage of government freebies, while at the same time poormouthing them. It's possible that Goldman didn't really need or want bailout money, but was forced to take it to mask other banks who desperately needed it. Once it got it, however, it didn't wait to profit from the taxpayer largess.

One of its biggest benefits was indirect. Goldman was owed money by AIG; exactly for what is not clear to me, but AIG paid Goldman about $12 billion. Goldman knew it was making a bad bet on whatever trade it made with AIG as a counterparty, but the government bailed it out at 100 cents on the dollar. Shouldn't it pay some penalty for making a bad bet, say making only 80 cents on the dollar? That would have whiped out its $1 billion profit for last quarter, although Goldman argues that it would not. There are even more questions about Goldman's tax year accounting. But in any case it came out smelling like a rose thanks to the taxpayers.

Today's NYT reveals that Goldman is cashing in on another taxpayer subsidy that guarantees its debt for free, even as it touts its withdrawal from the TARP. This program apparently helped it raise the capital that it says it will use to replace the TARP money. The NYT points out that this program could bankrupt the FDIC, but we'll all hope that it won't.

Wednesday, March 25, 2009

Prof. Mearsheimer on Amb. Freeman

For the record, here's an article by John Mearsheimer on Chas Freeman's being blackballed by the Israel lobby.  

Thursday, March 19, 2009

Republicans, Back Off on Christopher Hill

While I'm on the subject of destroying America by being obstructionist on every issue, what about the Republicans blocking the confirmation of Christopher Hill to be Ambassador to Iraq? The opposition is being led by John McCain and Lindsey Graham, two men who claim to be military patriots. This article in Foreign Affairs says that they are seriously upsetting the US military that wants an ambassador in place to take some of the burden for running Iraq off of the military.

Hill was a loyal diplomat for Bush, but because he worked on North Korea, the Republicans want his head. It's the same kind of McCarthyism directed at the State Department that destroyed career diplomat Chas Freeman's nomination to head of the CIA's NIC. Republicans are just not happy unless their killing children, or getting the Israelis to do it for them. I thought John McCain was supposed to be some kind of moderate. I don't think so. He must be extremely bitter about his loss in the Presidential election and has just decided to destroy America, since it didn't vote for him.