The Boy Who Cried Wolf

I don’t have a great understanding of economics in general, but much of what I do know I’ve learned from the economist William Greider. He wrote a book a few years back called “The Soul of Capitalism” that I found very interesting and I recommend it highly (i know that doesn’t mean much coming from a drummer).

The reason I bring up William Greider is because he recently wrote an article for The Nation regarding the Bush administration’s decision to allow the United Arab Emirates to operate 6 major ports in the United States. Greider brings to light some very important points regarding the hypocrisy between the handling of this port deal and the rest of the Presidents agenda and it’s very much worth the read.

Now, while I do find Bush’s decision very interesting to say the least, I can’t say that it’s the absolute wrong decision. With that being said, I do agree that it’s not so much the decision itself that is peculiar but the rather Bush’s reasoning behind it. The administration suggests that we “don’t need to be worried about security” but that suggestion flies in the face of everything the Bush administration seems to stand for as it sets out to rid the world of terrorism (isn’t that kind of like trying to rid the world of oxygen?). Like Greider points out, the war in Iraq, the forty percent increase in defense spending and additionally the warrant-less wire tapping of U.S. citizens are all based on the reasoning that we indeed NEED to be worrying about our security. What gives? Something behind the scenes is not right here.

Seeing how there are both Democratic and Republican members of Congress uniting against the President’s decision, hopefully this will lead this president into the “lame duck” phase of his second term sooner rather than later. I don’t mean to be unfair but judging by his ability to lead this country, that’s probably a good thing.

Another post regarding this issue that is well worth the read is over at Will Samson’s blog.

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One thought on “The Boy Who Cried Wolf

  1. It’s nice to see a blog by such a reasonable person.

    A couple of months ago I would have considered this issue a tempest in a teapot. But I just finished a book called “Sleeping with the Devil” by Robert Baer. While it doesn’t directly address issues about the UAE, I am now more suspicious about the close interconnections between business with a lot of money (like, maybe, the Dubai World Ports), polititians/business owners who need/want lots of money. If the situation in the UAE is anything like what Baer describes in his book, this deal deserves a lot of scrutiny.

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