Commentary Magazine


Contentions

Is Wall Street onto Obama?

Barack Obama, the most liberal member of the U.S. Senate last year, has done a brilliant job of presenting himself as a moderate during the course of the presidential campaign, and nowhere more so than on defense issues. Although he has been eager to end the war in Iraq at all costs–even willing to accept a disastrous defeat with his trademark equanimity–he has tried to burnish his credentials as a hawk by calling for more military action in Afghanistan and Pakistan. He has also advertised his closeness with Republicans such as Chuck Hagel and Richard Lugar. And, as this Washington Post article notes, he has called for an increase in the size of the armed forces. He hasn’t said how he would pay for this increase, and he certainly hasn’t called for cuts in other defense programs. He is far too smart to say what Barney Frank just said–that we should cut the military budget by 25%. But it tells you something that Morgan Stanley has just downgraded the entire aerospace and defense sector ahead of the presidential election Obama is heavily favored to win.

Wonder why they figure that we won’t be spending so much on defense in the future? Maybe the financial analysts aren’t buying Obama’s centrist makeover?


Join the discussion…

Are you a subscriber? Log in to comment »

Not a subscriber? Join the discussion today, subscribe to Commentary »





Welcome to Commentary Magazine.
We hope you enjoy your visit.
As a visitor to our site, you are allowed 8 free articles this month.
This is your first of 8 free articles.

If you are already a digital subscriber, log in here »

Print subscriber? For free access to the website and iPad, register here »

To subscribe, click here to see our subscription offers »

Please note this is an advertisement skip this ad
Clearly, you have a passion for ideas.
Subscribe today for unlimited digital access to the publication that shapes the minds of the people who shape our world.
Get for just
YOU HAVE READ OF 8 FREE ARTICLES THIS MONTH.
FOR JUST
YOU HAVE READ OF 8 FREE ARTICLES THIS MONTH.
FOR JUST
Welcome to Commentary Magazine.
We hope you enjoy your visit.
As a visitor, you are allowed 8 free articles.
This is your first article.
You have read of 8 free articles this month.
YOU HAVE READ 8 OF 8
FREE ARTICLES THIS MONTH.
for full access to
CommentaryMagazine.com
INCLUDES FULL ACCESS TO:
Digital subscriber?
Print subscriber? Get free access »
Call to subscribe: 1-800-829-6270
You can also subscribe
on your computer at
CommentaryMagazine.com.
LOG IN WITH YOUR
COMMENTARY MAGAZINE ID
Don't have a CommentaryMagazine.com log in?
CREATE A COMMENTARY
LOG IN ID
Enter you email address and password below. A confirmation email will be sent to the email address that you provide.