March 5, 2014

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Before we return to the Ukrainian disaster, we’ll pause for an item by Joel Kotkin, our favorite geographer, who says no matter what the media types say, the Sunbelt is

booming and the coasts are toast.

Ever since the Great Recession ripped through the economies of the Sunbelt, America’s coastal pundit class has been giddily predicting its demise. Strangled by high-energy prices, cooked by global warming, rejected by a new generation of urban-centric millennials, this vast southern was doomed to become, in the words of the Atlantic, where the “American dream” has gone to die. If the doomsayers are right, Americans must be the ultimate masochists. After a brief hiatus, people seem to, once again, be streaming towards the expanse of warm-weather states extending from the southeastern seaboard to Phoenix.

Since 2010, according to an American Community Survey by demographer Wendell Cox, over one million people have moved to the Sunbelt mostly from the Northeast and Midwest.

Any guesses for the states that have gained the most domestic migrants since 2010? The Sunbelt dominates the top three: Texas, Florida and Arizona. And who’s losing the most people? Generally the states dearest to the current ruling class: New York, Illinois, California and New Jersey.  Some assert this reflects the loss of poorer, working class folks to areas while the “smart” types continue to move to the big cities of Northeast and California. Yet, according to American Community Survey Data for 2007 to 2011, the biggest gainers of college graduates, according to Cox, have been Texas, Arizona and Florida; the biggest losers are in the Northeast  (New York), the Midwest (Illinois and Michigan)

For the most part, notes demographer Cox, this is not a movement to Tombstone or Mayberry, although many small towns in the south are doing well, it’s is a movement to Sunbelt cities. Indeed, of the ten fastest growing big metros areas in America in 2012, nine were in the Sunbelt. These included not only the big four Texas cities—Austin, Houston, Dallas-Ft. Worth, San Antonio—but also Orlando, Raleigh, Phoenix, and Charlotte.

Perhaps the biggest sign of a Sunbelt turnaround is the resurgence of Phoenix, a region devastated by the housing bust and widely regarded by contemporary urbanists as the “least sustainable” of American cities. The recovery of Phoenix, appropriately named the Valley of the Sun, is strong evidence that even the most impacted Sunbelt regions are on the way back. …

 

 

Roger Simon says Putin and the president have something in common, but more differences. 

With Vladimir Putin giving Barack Obama the back of his gloved hand in the Crimea, it’s easy to forget what the two leaders have in common. Neither of them likes democracy very much.

In Putin’s case that couldn’t be more obvious, but Obama has given more than his share of signals to that effect in recent days, informing a complaisant Congress during the State of the Union that he was going to override them and take the law into his own hands by executive fiat if they didn’t go along with his policies. His number one consigliere, Valerie Jarrett, repeated essentially the same thing during a recent interview on The O’Reilly Factor.

Unfortunately, that’s about it in the similarity department (except they both seem to like sports). In two other major categories, the dissimilarities are striking. Putin is one tough dude and a patriot for his country. Obama is neither of these. In evidence I offer one five-letter word: Syria. I could offer a lot more, but I don’t want to bore you.

The point is, as Putin threatens Ukraine and who knows what else, China moves on the Japanese islands, the Iranian mullahs jaw on while moving ever closer to nuclear capability, the already nuclear North Koreans improve their ballistics while starving their people, Venezuela approaches civil war, al-Qaeda and its myriad cousins metastasize across North Africa, the Levant, and beyond, the West has at its helm someone who is not only a documented liar (“if you like your plan,” etc., etc.) but who is also essentially a blowhard. Even worse, and ultimately even more dangerous to our health and/or survival, our president is a monumentally poor judge of character. He is clueless. …

 

 

We know our friends don’t think much of the prez, but now liberals see the failure. From Slate we learn Romney got it right and you know who got it wrong.

… Here’s Obama.

Governor Romney, I’m glad that you recognize that Al Qaida is a threat, because a few months ago when you were asked what’s the biggest geopolitical threat facing America, you said Russia, not Al Qaida; you said Russia, in the 1980s, they’re now calling to ask for their foreign policy back because, you know, the Cold War’s been over for 20 years.

But Governor, when it comes to our foreign policy, you seem to want to import the foreign policies of the 1980s, just like the social policies of the 1950s and the economic policies of the 1920s.

And here’s Romney:

Russia I indicated is a geopolitical foe… and I said in the same — in the same paragraph I said, and Iran is the greatest national security threat we face. Russia does continue to battle us in the U.N. time and time again. I have clear eyes on this. I’m not going to wear rose-colored glasses when it comes to Russia, or Mr. Putin. And I’m certainly not going to say to him, I’ll give you more flexibility after the election. After the election, he’ll get more backbone. 

Romney was right. Why was Obama wrong? Because, I think, he was willfully blurring the distinction between “geopolitical” and other sorts of threats. He was playing to the cheap seats. Voters do not fear Russia, or particularly care about its movements in its sad, cold sphere of influence. They do care a lot about terrorism. And Obama would use any chance he had, in 2012, to remind voters that he was president when Osama Bin Laden was killed.

So you see the politics—they reveal Obama as the player of a cheap trick. …

 

 

Here’s a blogger from the leftist New Republic.

In the course of the last presidential campaign, Mitt Romney made a comment about America’s number one “geopolitical foe,” which Romney claimed was Russia. He was mocked by the president and many liberal commentators. Here are Romney’s remarks, in their full context, which came during a conversation with Wolf Blitzer: 

ROMNEY:  Russia…is, without question, our number one geopolitical foe.  They fight every cause for the world’s worst actors.

BLITZER:  But you think Russia is a bigger foe right now than, let’s say, Iran or China or North Korea? Is that—is that what you’re suggesting, Governor?

ROMNEY:  Well, I’m saying in terms of a geopolitical opponent, the nation that lines up with the world’s worst actors.  Of course, the greatest threat that the world faces is a nuclear Iran.  A nuclear North Korea is already troubling enough.

But when these—these terrible actors pursue their course in the world and we go to the United Nations looking for ways to stop them, when—when Assad, for instance, is murdering his own people, we go—we go to the United Nations, and who is it that always stands up for the world’s worst actors? It is always Russia, typically with China alongside.

And—and so in terms of a geopolitical foe, a nation that’s on the Security Council, that has the heft of the Security Council and is, of course, a—a massive nuclear power, Russia is the—the geopolitical foe.

This all seems…exactly right. 

 

 

Another New Republic contributor is tired of the administration clichés.

Everyone’s giving President Obama advice about how to handle Vladimir Putin’s adventure into the Crimea. But I want to issue a broader critique, because there’s something that he and his people will need to do to be more effective in this case and in future foreign policy crises: They’ll need to change their rhetoric.

In talking about Putin, as when trying to express disapproval towards other world leaders in the past, administration officials have resorted to language that comes across as either patronizing or out of touch. Let’s examine a couple of the administration’s favorite rhetorical tropes.

1. They are not acting in their own interest. They are only harming themselves.

Secretary of State John Kerry was all over the airwaves this weekend with versions of this line. “He is not going to gain by this,” Kerry told David Gregory on “Meet the Press.” “Russia is going to lose. The Russian people are going to lose.”

Over the years, Obama and his aides have offered similar versions of this line in talking about other foreign leaders who had done or were about to do something of which the administration disapproved: in Syria, for example, or Egypt or Qaddafi’s Libya. And guess what? It’s a useless line of attack. Putin makes his own calculations of what is in his interest. If he believed that sending troops onto Ukrainian soil was a bad idea, he wouldn’t have done it. Bashar al-Assad also makes his own calculations. He’s worried that if he loses to the rebels, he and many of the people around him will be killed. It’s enough of a full-time responsibility for Obama and Kerry to define what’s in America’s own interests without making grand proclamations of what’s in the best interest of other countries or their leaders. …

 

 

Back to our friends, Peter Wehner traces the president’s journey from arrogance to incompetence.

… When he ran for the presidency, it was Barack Obama who never put limits on his criticisms of others. He spoke as if the problems of the world would disappear with two events: the removal from office of his predecessor and his arrival as president of the United States. Even in a profession not known for attracting modest individuals, Mr. Obama’s arrogance set him apart.

In 2008 his campaign aides referred to him as the “black Jesus.” He told congressional Democrats during the 2008 campaign, “I have become a symbol of the possibility of America returning to our best traditions.” During that campaign, while still a one-term senator, Obama decided he wanted to give a speech in Germany– and he wanted to deliver it at the Brandenburg Gate. 

“I think that I’m a better speechwriter than my speechwriters,” Mr. Obama told Patrick Gaspard, his political director, at the start of the 2008 campaign, according to The New Yorker. “I know more about policies on any particular issue than my policy directors. And I’ll tell you right now that I’m going to think I’m a better political director than my political director.” A convention speech wasn’t enough for Mr. Obama; Greek columns needed to be added. During an interview with “60 Minutes,” Obama said, “I would put our legislative and foreign policy accomplishments in our first two years against any president — with the possible exceptions of Johnson, FDR, and Lincoln.” (The use of the word “possible” is priceless.) Mr. Obama has compared himself to LeBron James; his aides compared him to Michael Jordan. He clearly conceived of himself as a world-historical figure. Nothing, it seemed, was beyond his power. (If you think I’m exaggerating, I’d urge you to watch this 30-second clip from an Obama speech in 2008.) …

March 4, 2014

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We interrupt our selections outlining the president’s foreign policy disasters to select an item from Time Magazine on the crisis in student loans. A program the administration decided to nationalize in some of the 2,700 pages of the healthcare act. Why not? There is hardly a thing in this country that government cannot make worse.

Chris Rong did everything right. A 23-year-old dentistry student in New York, Chris excelled at one of the country’s top high schools, breezed through college, and is now studying dentistry at one of the best dental schools in the nation.

But it may be a long time before he sees any rewards. He’s moved back home with his parents in Bayside, Queens—an hour-and-a-half commute each way to class at the New York University’s College of Dentistry—and by the time he graduates in 2016, he’ll face $400,000 in student loans. “If the money weren’t a problem I would live on my own,” says Rong. “My debt is hanging over my mind. I’m taking that all on myself.”

Rong isn’t alone. Across the country, students are taking on increasingly large amounts of debt to pay for heftier education tuitions. Figures released last week by the Federal Reserve of New York show that aggregate student loans nationwide have continued to rise. At the end of 2003, American students and graduates owed just $253 billion in aggregate debt; by the end of 2013, American students’ debt had ballooned to a total of $1.08 trillion, an increase of over 300%. In the past year alone, aggregate student debt grew 10%. By comparison, overall debt grew just 43% in the last decade and 1.6% over the past year.

According to a December study by the Institute for College Access & Success, seven out of 10 students in the class of 2012 graduated with student loans, and the average amount of debt among students who owed was $29,400. There’s no clear end in sight. ”The total amount of student debt is growing basically at a constant rate,” Wilbert van der Klaauw, an economist with the Federal Reserve Bank of New York  tells TIME. “The inflow is much higher than the outflow, which is likely to continue in the future as reliance on student loans for college is expected to remain high.”

Debt is painful for many students, and an increasing number of graduates are unable to pay back their loans on time. Delinquencies on student loans have risen dramatically over the past decade: 11.5 percent of graduates were at least 90 days late on paying back their loans at the end of 2013, compared with 6.2 percent delinquencies on student loans in 2003. Moreover, the Fed’s figures on delinquencies hide more stark data: nearly half of all students with debt aren’t currently in repayment thanks to deferments and forbearances and the fact that students are not expected to pay while they’re in school, according to van der Klaauw. What that means is that for the graduates who are actually expected to pay their loans now, the delinquency rate is roughly double the 11.5% figure. …

… Student debt doesn’t just weigh heavily on graduates. Evidence is growing that student loans may be dragging down the overall economy, not just individuals. Think about it this way: if students have significant debts, it means they’re less likely to spend money on other goods and services, and it also means they’re less likely to take out a mortgage on a house. Consumer purchasing is the primary driver of the U.S. economy, and mortgages and auto loans play a huge role as well. There aren’t any comprehensive, hard numbers yet on how much of a drag student debt may be on the economy, but “the associations definitely suggest that growing student debt is a drag on consumption,” says van der Klaauw. “This is still something we’re discussing. There are a range of views on this. My personal view is that the increasing reliance on student loans for financing college education is going to be a drag on consumption for some time.” …

 

 

Andrew Malcolm brings us back to Ukraine.

… Of course, it would be ridiculous to suggest Obama’s passivity toward Putin is connected to the American’s overheard promise of post-election “flexibility” to Putin’s predecessor back in 2012. So, we won’t.

Here’s how Col. Putin responded to Obama’s words of warning: He sent more Russian troops into Crimea.

Then, to show how really serious he is, Obama dispatched Secy. of State John Kerry to Kiev to offer cheap symbolic support for the reformers attempting to organize a new, but bankrupt Ukraine government.

Here’s how Kerry quaintly characterized the Russian invasion: “That is not the act of somebody who is strong. That is the act of somebody who is acting out of weakness.”

Kerry is fresh from a series of diplomatic triumphs including alienating Egypt’s new military-backed government, negotiating a Syrian chemical weapons accord that country is now ignoring and agreeing to give Iran six more months to maybe possibly agree to stop its nuclear weapons program, which everyone knows is not going to happen.

Kerry has also failed to reach agreement with Afghanistan’s Hamid Karzai on a residual U.S. troop presence after December.

Recently, Kerry announced that global warming is “perhaps the world’s most fearsome weapon of mass destruction.” Just so we — and Russia — know where this administration’s true priorities lie.

The seeds of Obama’s ongoing diplomatic embarrassments — and dangers to this nation — were sown in the Democrat’s early months in his so-called Russian policy reset. …

 

 

LIkewise Craig Pirrong at Streetwise Professor who wants to know why the bien pensants are surprised by Putin’s aggressive instincts and actions.

In 2007, in my 60th post on SWP, I wrote a post about Putin and the Euros, titled “A Man in a Hurry.”  If you look at Putin’s aggression in Ukraine, and the utterly pusillanimous European response to this aggression, that post from more than 7 years ago is quite clearly prophetic, to the last jot and tittle.

The closing paragraph:

“I think that most Europeans, and those few Americans who seem to pay much attention to these issues, are nonplussed by Putin’s audacity in large part because they are projecting their attitudes onto him. They cannot envision why someone would engage in such seemingly short sighted actions. As a recent Newsweek story puts it, they wonder why Putin is risking severe “blowback.” However, their attitudes have evolved and developed in a completely different institutional, economic, and political environment than Russia’s. The Euro-American environment is much more conducive to taking the longer view that the unsettled (and unsettling) environment that characterizes Russia today. So, the Europeans–and Americans–should be ready for more “surprises” from Putin–which shouldn’t be surprises at all.”

My main question is why a blogger, and amateur student of Russian politics, could figure this out, but the State Department, the intelligence agencies, the national security community, the vast bulk of think tanks, and the editorial pages of every major US paper couldn’t.  And why they haven’t been able to do so despite all that has happened since.  Georgia.  The castling move whereby Putin resumed the presidency.  The unrelenting crackdown on civil society.  It’s one thing to ignore reality when it’s lying around.  It’s another to ignore it when it is hitting you in the goddam face. …

 

 

Even the Washington Post’s editors are gagging on the policies of the one they enabled saying his “foreign policy is based on fantasy.”

FOR FIVE YEARS, President Obama has led a foreign policy based more on how he thinks the world should operate than on reality. It was a world in whichthe tide of war is receding” and the United States could, without much risk, radically reduce the size of its armed forces. Other leaders, in this vision, would behave rationally and in the interest of their people and the world. Invasions, brute force, great-power games and shifting alliances — these were things of the past. Secretary of State John F. Kerry displayed this mindset on ABC’s “This Week” Sunday when he said, of Russia’s invasion of neighboring Ukraine, “It’s a 19th century act in the 21st century.”

That’s a nice thought, and we all know what he means. …