Friday, December 30, 2016

 

Coolidge and Clinton


John Hinderaker:
Blaming the Depression on Coolidge is moronic, but I have always wondered why liberal economists, to be consistent, don’t blame the dot.com collapse and ensuing recession on Bill Clinton, thereby negating the supposed economic achievements of his administration.  That would make a lot more sense, actually.  Not everyone remembers - most would prefer to forget - that the NASDAQ dropped from 5047 to 1114, a 78% decline, between March 2000 and October 2002.  This was the mess that greeted George W. Bush when he took office.  Funny how the press never uses that disaster to negate the achievements - which in a few respects were real - of the Clinton administration.

 

Playing Hardball at the UN


Martin Karo (via Scott Johnson at Power Line):
After the passage of UN Security Council Resolution 2334, declaring that all Israeli building and activity in any territory captured in the 1967 war (the third war imposed on the Israelis) is illegal under international law, Donald Trump immediately vowed that things will be different come January 20.  Virtually all Democrats in Congress immediately went on record opposing the Obama Administration’s feckless betrayal of Israel as well.  Chuck Schumer purported to be particularly outraged.  In order to convert outrage to action, herewith a modest proposal for the first law to be presented to and passed by the Congress under the Trump Administration:

Whereas, it is a bedrock principle of the United States, and a sound principle generally, that no peace deal may be imposed by outside parties on any party not directly involved in any conflict; and

Whereas, said principle is especially relevant in the context of Israel and the Palestinians, and the conflict that has embroiled that region since the passage of the UN plan partitioning the British Mandate;

The following provisions of law are hereby enacted:

Section 1. The United States does not recognize, and repudiates, UN Security Council Resolution 2334.  Said act shall have no force whatsoever within the United States, shall in no way influence any action of the Government of the United States, and shall not be observed in any way by any company that does business in the United States, except as necessary to carry out the following provisions of law.

Section 2. The United States shall, at the next meeting of the United Nations Security Council, introduce a resolution formally revoking UNSC 2334 and reaffirming that any peace deal between the Israelis and Palestinians must and shall be negotiated and concluded between those parties only.  This resolution shall be reintroduced by the United States at every UNSC session until it is passed.

Section 3. The United States Treasury is directed to reduce all United States payments or transfers to the United Nations, and all constituent elements thereof, to match those of New Zealand, Malaysia, Senegal, or Venezuela, whichever is least, until UNSC 2334 is revoked.  The United Nations seeks to force the United States to follow the political contributions of those nations; consequently it shall be limited to the economic contributions provided by those nations.

Section 4. The United States shall revoke and withhold any direct or indirect aid to the Palestinians, or any organization that in any way assists the Palestinians, until UNSC 2334 is revoked pursuant to Section 2.

Section 5. No bank registered in the United States shall do any business whatsoever with any country that proposed, voted for or recognizes UNSC 2334, or with any bank registered in such countries, for any purpose, without an explicit waiver from the United States Congress.  No bank registered in any country which recognizes UNSC 2334 shall do any business whatsoever in the United States or with any bank registered in the United States, without an explicit waiver from the United States Congress.

Section 6. The provisions of Sections 1 - 4 of this Act shall be effective immediately.  The provisions of Section 5 shall be effective six months from the passage of this Act.

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