Dems Deride, Truth Dies

John Fund writes about the Democrats’ dilemma in their continuing attempts to rewrite history.

Most people, including me, are willing to discuss and debate the wisdom of both past and current policy in Iraq. But it’s not possible to debate seriously people who continue to insist that Bush lied, and that it was about oil, or avenging his daddy, or because he’s a bloodthirsty warmonger. And people who continue to spout such nonsense are (thankfully) going to continue to lose at the polls, regardless of how unhappy the American people are with the Iraq situation. Which is better news for the Republicans than they deserve.

[Update a few minutes later]

I should add that I actually agree with the Democrats that the administration has been incompetent in the war. The problem is that in this (as on almost all issues), the Dems would be even worse (in many cases, not even being willing to actually wage it). As I’ve said on numerous occasions, I wish that we’d had better choices in 2004.

Technical Difficulties

I got in all right last night, but my laptop’s hard drive is dying (wish I’d known that before I left–I would have brought my other one). I’m posting this from work, but won’t be able to do much of that, so posting may be light this week, until I get back to Florida Friday night.

Not Trade Deficit, Capital Surplus

The Economist Friday said:

In a rare instance of economic consensus, almost everyone now agrees that the current-account balance, which was over $800 billion in the red at the end of last year, is unsustainable.

They should know that there is no such thing as a consensus of economists. I am not a macro guy, but if the US economy continues to generate capital (intellectual property, companies with lots of educated workers, houses, etc.) at a tremendous rate, then the capital surplus will result in other countries giving us non-capital goods in exchange for our capital goods. A capital surplus and a trade deficit are the same thing.

For all our regulation, taxes and flaws in our judicial system, most of the rest of the globe has less rule of law, higher taxes and more flaws in their judicial systems. The US is a great place to make safer investments like real estate and blue chip corporate bonds. Do you think the Norweigians and Saudis invest their huge current account surplus in their own respectively not so dynamic and not so productive economies?

As I said before, our human and physical captial stock is growing by a lot. Even though the average house price went down for one quarter, it has been growing at 6.5% in money terms for 43 years or 2.1% accounting for inflation. That leads to $440 billion in appreciation of the existing capital stock. The number of homes has also been growing. I estimate this by looking at the home ownership rate, the number of people per household and the growing population. Together they indicate we add another 1.8% a year to the housing stock in numbers. (This could be offset by less rental housing capital, but I doubt it.) So that is about $800 billion we are adding to the housing capital stock and residential housing construction is just 3-4% of GDP.

We can grow the US owned capital stock forever and have plenty left over to sell to foreigners.

Strange Comparison

Just listening to Fox News Sunday, and Juan Williams is wondering why William Jefferson (you know, the guy who had ninety grand in his freezer?) lost his committee post when other Democrats weren’t treated similarly. He used as an example Gary Condit (remember him?–Just before September 11th?), who was investigated for months but was never punished by the party (though he did lose his primary in the next election, IIRC).

I wish that Brit Hume or Bill Kristol had asked Juan what he thought would have happened had Chandra Levy’s body been found in Condit’s freezer.

Busy

The carpenters are here today with some final cabinet installation issues, and the pool pump died, so I’ve been pulling the old one, finding a new one, and replacing it, before the summer mustard algae in south Florida crawls over the coping, creeps into our bedroom and smothers us in our slumber.

Europe Finally Waking Up?

Someone over there has been noticing the new space industry:

New commercial markets, among them space tourism, have a great potential to become major drivers in space technology development. This study aims at the assessment of the feasibility of European initiatives to address these new markets through the development of crewed space vehicles.

The more the merrier, but given Airbus’ problems and the general bureaucratic issues over there (even worse than NASA, if that can be believed), I’m not as encouraged as some might be. In addition, they’ve even more of a nanny-state mentality than we do here, and they’ll have trouble getting the kind of flexible regulatory environment with regard to passenger safety that we just won from the FAA. Not to mention the fact that they don’t have any natural flight test sites there–they’ll have to go to Africa, Asia or the Middle East to find sufficiently large unpopulated areas.

Has Al Qaeda In Iraq Been Destroyed?

Strategy Page says maybe:

The death of al Qaeda leader Abu Musab al Zarqawi was not as important as the capture of his address book and other planning documents in the wake of the June 7th bombing. U.S. troops are trained to quickly search for names and addresses when they stage a raid, pass that data on to a special intelligence cell, which then quickly sorts out which of the addresses should be raided immediately, before the enemy there can be warned that their identity has been compromised. More information is obtained in those raids, and that generates more raids. So far, the June 7th strike has led to over 500 more raids. There have been so many raids, that there are not enough U.S. troops to handle it, and over 30 percent of the raids have been carried by Iraqi troops or police, with no U.S. involvement. Nearly a thousand terrorist suspects have been killed or captured. The amount of information captured has overwhelmed intelligence organizations in Iraq, and more translators and analysts are assisting, via satellite link, from the United States and other locations.

There is this, too:

The damage done by the post- Zarqawi raids has spurred the Sunni Arab amnesty negotiations. These have been stalled for months over the issue of how many Sunni Arabs, with “blood on their hands”, should get amnesty. Letting the killers walk is a very contentious issue. There are thousands of Sunni Arabs involved here. The latest government proposal is to give amnesty to most of the Sunni Arabs who have just killed foreigners (mainly Americans). Of course, this offer was placed on the table without any prior consultations with the Americans. Naturally, such a deal would be impossible to sell back in the United States. But the Iraqis believe they could get away with it if it brought forth a general surrender of the Sunni Arab anti-government forces.

I heard a lot of bloviation from Capitol Hill last night on the news on this subject. Many of our lawmakers are seemingly outraged (or at least feigning outrage) at the notion that soldiers who have been making war on US troops should get amnesty. But isn’t this the way of every war? During a war, soldiers try to kill each other. After the war, they go home. At least that’s been the tradition with the US.

Regardless of their unorthodox (and some say cowardly) means of killing US soldiers (e.g., IEDs), there’s nothing illegitimate about it, per se (though the lack of uniforms and command structure is troubling). We are supposedly in a “War on Terrorism.” It seems to me that we should be encouraging the enemy to at least stop waging war on innocent civilians, which this should do. And there are no doubt many who planted IEDs that were sincere in their belief that the US was an occupying power, and its soldiers a legitimate target. Certainly we’d do the same, if we had to.

If the war is over, then the soldiers on both sides put down their arms, and no harm, no foul. If making that offer results in an end to the war, then why do we complain? We didn’t, after all, punish the ordinary soldiers of the Wehrmacht after we defeated Germany. It may in the end be difficult to really make the necessary distinctions between attackers of troops and attackers of civilians, but the principle seems sound. All of this outrage on the Hill seems more emotional than reasoned, to me.

[Update a few minutes later]

Great (OK, well, some kind of) minds think alike. Jonah Goldberg has a similar rant, which is even tougher on the posturing, “get out now” Democrats (and Republicans, where it applies).

His point is mine. Amnesty is a consolation prize for losing the war. What many in the bug-out brigade seem to want is for them to win.

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