Rahm Bomb
According to Rahm Emanuel, opposition to Iran's nuclear program is conditioned on Israel committing to a peace process with the Palestinians. It's not entirely clear if this is meant as an ultimatum or simply a statement of how things are.
Regardless, this is stupid. Iran's nuclear hopes should be opposed by the U.S. and others no matter what Israel does or doesn't do. Making one hinge on the other hurts both processes, and any nation that tries to link them should be the one getting ultimatums from Rahm Emanuel.
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Bush's deficit financing was very short-sighted, and put the nation in a bad situation if a financial crisis were to hit. It did. And now, while deficit financing is normally a good thing in a crisis like this, Obama has to put new deficits on top of old.
Similarly, Obama's mega-deficits may turn out to be short-sighted, not only for the obvious reasons, but also because the dangers of a nuclear North Korea and nuclear Iran and nuclear Taliban-controlled Pakistan are impossible to calculate. The financial impact of the AIG meltdown is tiny compared to the financial impact of a nuclear bomb in downtown Tokyo.
Hopefully it won't come to that.
On the other hand, maybe Obama is planning on this after all. He mentioned his hope that we get rid of our nukes, and maybe what he means is that we'll get rid of them by detonating them on Iran and North Korea?
As the Vulcans say, "Only Nixon could go to China." Maybe only a former Israeli Defense Force Rahm Emmanuel can abandon Israel? But maybe I'm being too pessimistic; his comment might just be rhetoric to make us seem more even-handed to the Arab world. (If so, I'm sure it will fail.)
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