Showing posts from November 24, 2008

The Hillary nomination: the good news...

My post on @TAC: The Obama Glass Totally Empty? Posted on November 24th, 2008 by Leon Hadar I’m aware that some of my colleagues have been depressed about the notion that the Clintonites are taking over the Obama Administration. I’m certainly disappointed by the expected nomination of Hillary Clinton to be the next secretary of state. But I was encouraged after reading Scowcroft Protégés on Obama’s Radar in the WSJ today, and especially this The relationship between the president-elect and the Republican heavyweight suggests that Mr. Scowcroft’s views, which place a premium on an Israeli-Palestinian peace accord, might hold sway in the Obama White House. And this Mr. Scowcroft said his biggest piece of advice for the new administration was that it should make a renewed push to help broker an Israeli-Palestinian peace deal. He also endorsed Mr. Obama’s call for diplomatic engagement with Iran. “Compared to the other alternatives we face with Iran, we ought to give it a really good, si

US economy waits for its saviours

Business Times - 25 Nov 2008 The transition provides an opportunity to highlight the ideological differences between Reaganomics and Obamanomics By LEON HADAR WASHINGTON CORRESPONDENT FOR those of us who had got used to former Pentagon chief Donald Rumsfeld saying over and over again that 'We seemed to have turned a corner in Iraq' - only to discover again and again that things were getting worse, there was a sense of deja vu listening to Treasury Secretary Henry Paulson reassuring reporters last week that he wasn't expecting another collapse of a major financial institution. 'I've got to tell you,' Mr Paulson said. 'I think our major institutions have been stabilised. I believe that very strongly.' But by the end of the week, we found out that notwithstanding Mr Paulson's assurances, in reality, the stock market was falling and falling. . . In particular, financial institutions were very hard hit, especially Citigroup whose shares lost half their v