Posts filed under “War/Defense”
Barron’s Alan Abelson comes forth with the reason why the terrorists have not attacked the USA since 9/11.
They didn’t have to:
Thanks to his vigilance, this nation was spared a terrorist attack after 9/11. And so it was, for which we are all profoundly grateful. And only the most vehement Bush-basher would sniff that the real reason for the absence of an attack was that Mr. Bush did such a thorough number on the country all by himself that the terrorists figured, why bother?
No argument that he is leaving an economy in absolutely awful shape. Our budget deficit is ballooning toward the trillion-dollar mark and isn’t likely to stop there. We are mired in the worst recession since the grandaddy of them all in the ’30s; its end is by no means in sight. The stock market after crashing 35% to 40% last year (depending on which bourse you follow) has started off ’09 on the wrong foot, not an auspicious omen for the year as a whole.
Unemployment is pressing remorselessly higher, housing is a wreck, industrial production is contracting at the wickedest rate in 35 years, the retail business is in the dumps almost across the board. Detroit is about as near to running on empty as you can get without grinding to a halt. There is a whiff of deflation in the air.
Not all of this, obviously, is Mr. Bush’s fault. But it happened on his watch. Not the kind of stuff, we are afraid, that shining legacies are made of.
Tough stuff — and while its not all that far from the truth politically, it is not the full picture regarding the grim reality of National Defense and asymmetric warfare.
The less snarky answer for why we have suffered no further attacks is quite simply, they haven’t tried — yet.
The history of al-Quada is of increasingly spectacular attempts at mayhem and murder. Its going to take them a long time to outdo 9/11. We should have no doubt they are working hard on the next nuclear/biological/chemical assault. Until they can have a body count higher than September 11th, they will lay in wait — and keep working.
Parade of the Basket Cases
Barrons JANUARY 17, 2009
A conversation about National Intelligence with David R. Ignatius author and columnist for “The Washington Post”, Mark Lowenthal, President and CEO of the Intelligence & Security Academy and John McLaughlin, former American Deputy Director of Central Intelligence and former Acting Director of Central Intelligence
Excellent infographic depicting the enormous costs of the Iraq war. It explains in 10 steps why Secretary of Defense Donald Rumsfeld’s 2003 estimates of the war in Iraq’s costs at $60 billion were so wildly off by 10 times that figure. click for really ginormous graphic By the time the United States leaves Iraq, the…Read More
If you missed John Mauldin’s weekend piece (2008: Annus Horribilis, RIP), have a look at these estimates for earnings in 2008. They started at $92 (early ’07) and came down to $48: > Not exactly confidence inspiring when it comes to stock analysts.If you want to understand why we prefer to rely on objective data…Read More
Vitaliy N. Katsenelson, CFA, is director of research at Investment Management Associates in Denver, Colo., and he teaches a graduate investment class at the University of Colorado at Denver. He is the author of “Active Value Investing: Making Money in Range-Bound Markets” (Wiley 2007). ~~~ Dear Mr. Ex-KGB I’ve received so many emails about the…Read More
One view of the force structure (UNCLASSIFIED), via a briefing originated at JFCOM. This briefing like others should be available from the SecDEF’s office. Force Structure FY09 Beyond Publish at Scribd or explore others: Military/War History ent spending terrori us budget governm This is a USMC brief on the next coming fiscal years for them…Read More
Vincent Farrell, Jr. is Chief Investment Officer of Soleil Securities, a New York based investment management company. Over his long career on Wall Street, he has worked for numerous distinguished firms. Mr. Farrell graduated from Princeton University in 1969 and received his M.B.A. from the Iona College Graduate School of Business in 1972. ~~~~ The…Read More
A pretty good Onion headline: Nation Finally Shitty Enough To Make Social Progress: Although polls going into the final weeks of October showed Sen. Obama in the lead, it remained unclear whether the failing economy, dilapidated housing market, crumbling national infrastructure, health care crisis, energy crisis, and five-year-long disastrous war in Iraq had made the…Read More