Commentary Magazine


Flotsam and Jetsam

Mind-boggling: Admiral Mike Mullen proclaims, “Iran getting a nuclear weapon would be incredibly destabilizing. Attacking them would also create the same kind of outcome. …In an area that’s so unstable right now, we just don’t need more of that.” The only difference is that one way there’s a nuclear-armed revolutionary Islamic state.

Priceless: “Goldman Sachs is launching an aggressive response to its political and legal challenges with an unlikely ally at its side — President Barack Obama’s former White House counsel, Gregory Craig.”

Suspicious: “The Securities and Exchange Commission fraud case against Goldman Sachs may be settled before it ever sees a courtroom. Yet intentionally or not, the SEC has already secured at least one victory in the court of media opinion. Last Friday, the same day that the government unexpectedly announced its Goldman lawsuit, the SEC’s inspector general released his exhaustive, 151-page report on the agency’s failure to investigate alleged fraudster R. Allen Stanford. Mr. Stanford was indicted last June for operating a Ponzi scheme that bilked investors out of $8 billion. … But the SEC is very good at nailing politically correct targets like Goldman years after the fact on charges that have little or nothing to do with the investing public. On the Goldman case, by the way, the news broke yesterday that the SEC commissioners split 3-2 on whether to bring the lawsuit — a rare partisan split on such a prominent case and further evidence of its thin legal basis.” And just in the nick of time to help the PR on the financial regulations bill!

Definitive (confirmation that the Dems are in a heap of trouble): “Republican candidates now hold a 10-point lead over Democrats in the latest edition of the Generic Congressional Ballot, tying the GOP’s high for the year recorded the second week in March and their biggest lead in nearly three years of weekly tracking.”

Frightening but not surprising: “It may be too late to stop Iran developing a nuclear weapon, a former senior US defence official has warned. The official, who has long experience with several US administrations, said President Obama had waited too long to take tough action against Tehran. ‘Fifteen months into his administration, Iran has faced no significant consequences for continuing with its uranium-enrichment programme, despite two deadlines set by Obama, which came and went without anything happening,’ the former official, who was speaking on condition of anonymity, told The Times. ‘Now it may be too late to stop Iran from becoming nuclear-capable.’”

Gutsy: “After being stonewalled by the Obama administration for five months, Senators Joe Lieberman, I-Conn., and Susan Collins, R-Me, issued subpoenas Monday to Defense Secretary Robert Gates and Attorney General Eric Holder for a list of witnesses and documents regarding the Nov. 5, 2009 Fort Hood massacre.”

Irrelevant: “Mitt Romney continues to look like the early front-runner for the GOP presidential nomination in 2012. A Public Policy Polling (D) survey shows Romney leading former Alaska Gov. Sarah Palin and former Arkansas Gov. Mike Huckabee in every region except the South, where Huckabee uses his home-field advantage to lead the field.” Ask Rudy Giuliani what early polls mean.

Depressing: “Both left and right [in Israel] are troubled, and both largely about the same things, especially the Iranian nuclear program combined with growing tensions with the Obama administration. ‘There is a confluence of two very worrying events,’ said Michael Freund, a rightist columnist for The Jerusalem Post in a telephone interview. ‘One is the Iranian threat, an existential threat. Add to that the fact that for the first time in recent memory there is a president in the White House who is not overly sensitive to the Jewish state and its interests. You put the two together and it will affect anyone’s mood, even an optimist like me.” Overly? Not at all.