Didn’t We Do This Before?

I know it seems like we’ve done this before (we have), but the federal government is bailing out AIG to the tune of $30B plus a relaxation of the terms of its existing loan. Even the New York Times reporter seems dubious:

Federal officials, who worked feverishly over the weekend to complete the restructuring, said they thought they had no choice but to prop up A.I.G., because its business and trading activities are so intricately woven through the world’s banking system. But the deal also presents more financial risks to taxpayers at a time when the public and Congress have been sharply questioning the wisdom of risking federal money to bail out private enterprises.

One wonders when the populist outrage over bailouts for wayward homeowners, GM, Chrysler, Citibank, and AIG (again) will impact the administration. It seems to be operating without Congressional authorization in the new imperial presidency of unilateral appropriation. (George W. Bush started down this road when Congress had the nerve to rebuff his auto bailout proposal in the waning days of his administration.)

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Didn’t We Do This Before?

Must-Reads from Magazine

Partisanship Masquerading as Wisdom

Anger over health care clouds the left's judgment.

Nate Silver spoke for most of the liberal blogosphere when he objected to the mainstream media’s coverage of Senator John McCain’s speech on the Senate floor on Tuesday.

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A Familiar Paranoia

Donald Trump sees disloyalty even in his closest supporters.

In a performance that would have shocked sensibilities if they weren’t already flogged to the point of numbness, President Trump delivered a nostalgic, campaign-style stem-winder on Monday to a troop of boy scouts. The commander-in-chief meandered between crippling self-pity and gauche triumphalism; he moaned about his treatment by the “fake media,” praised himself for the scale of his Electoral College victory, and pondered aloud whether to dub the nation’s capital a “cesspool” or a “sewer.” Most illuminating in this manic display was an exposition on the virtues of fealty. “We could use some more loyalty; I will tell you that,” the president mused. These days, Trump seems fixated on treachery—among Republicans in Congress, among his Cabinet officials, and among his subordinates in the administration. His obsession may yet prove his undoing.

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Salaita, Out

Sympathy deferred.

I have written before about Steven Salaita. Once a tenured professor of English at Virginia Tech, he resigned from that position on the strength of an offer from the University of Illinois-Urbana Champaign to serve in the American Indian Studies program. But in the summer of 2014, UIUC rescinded the offer, mainly over of a series of reprehensible Salaita tweets.

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Syria’s Forsaken Rebels

Has Washington given up on Syria?

Last week, I wrote about one of the troublesome byproducts of the Trump-Putin summit in Hamburg: a ceasefire in southwestern Syria that Israel worries will entrench Iranian control of that area bordering the Israeli Golan Heights. The day after my article came out, the Washington Post reported on another troubling decision that President Trump has made vis a vis Syria: Ending a CIA program that had provided arms and training to anti-Assad forces.

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The Democratic Party’s False Centrism

It's a duck.

Democrats are finally digging out of the wreckage the Obama years wrought, and are beginning to acknowledge the woes they visited upon themselves with their box-checking identity liberalism. So, yes, the opposition is moving forward in the Trump area, but toward what? Schizophrenia, apparently.

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