Commentary Magazine


Flotsam and Jetsam

More European nations in trouble. “The debt crisis in Europe escalated sharply Friday as investors dumped Spanish and Portuguese bonds in panicked selling, substantially heightening the prospect that one or both countries may need to join troubled Ireland and Greece in soliciting international bailouts.”

More evidence that the IRS is targeting the hawkish pro-Israel group Z Street. Wouldn’t it be front-page news if J Street were asked if it supported Iran sanctions?

More reason to doubt that the Obami have a clue about what to do about North Korea. The State Department’s PJ Crowley tweets “SecClinton talked with Chinese FM Yang today and encouraged Beijing to make clear that North Korea’s behavior is unacceptable.” Is “unacceptable” really the strongest they can do? Or is “unacceptable” (as in “A nuclear-armed Iran is unacceptable”) just diplomat-speak for “We’re sorry to see X happen.”

More criticism of Obama’s approach to Egypt. “The president and his secretary of state have brought up democracy and human rights in private conversations with Egyptian leaders but shied away from them in public. They have failed to make any connection between Mr. Mubarak’s domestic repression and the more than $1 billion in U.S. aid Egypt receives every year, much of it directed to the military. They have not supported efforts in Congress to pass legislation or even nonbinding resolutions linking bilateral relations to political reform.”

More defensiveness from Sarah Palin. Not helpful for a presidential contender. Dead-on for a conservative community organizer.

More nonsense from Tom Friedman. No, Tom, too much texting by American kids is not a bigger problem than North Korean nukes. Another example of not-very-smart liberal punditry.

More problems for Rahm Emanuel. “Through an odd chain of events, Mr. Halpin, a 59-year-old industrial real-estate developer here, has become the face of a movement to force Mr. Emanuel out of the race to become Chicago’s next mayor. A lawsuit filed with the Chicago Board of Election Commissions Friday by a Chicago attorney on behalf of two city residents charges that Mr. Emanuel, the former chief of staff to President Barack Obama, is ineligible to run because he lost his Chicago residency when he rented his home to Mr. Halpin in 2009.” Really, wasn’t the entire race an excuse to get off the sinking White House ship?

More evidence that the GM bailout was no success for the taxpayers. The union? Well, that’s another story. “General Motors Co.’s recent stock offering was staged to start paying back the government for its $50 billion bailout, but one group made out much better than the taxpayers or other investors: the company’s union. Thanks to a generous share of GM stock obtained in the company’s 2009 bankruptcy settlement, the United Auto Workers is well on its way to recouping the billions of dollars GM owed it — putting it far ahead of taxpayers who have recouped only about 30 percent of their investment and further still ahead of investors in the old GM who have received nothing.”