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Greetings! You are reading an article from The Mudville Gazette. To reach the front page, with all the latest news and views, click the logo above or "main" below. Thanks for stopping by!
« Find the Drone | Main | Why we usually win wars »

February 18, 2009

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You're Doing it Wrong...

By Mrs Greyhawk

... When even Russia tells you so

"We must not revert to isolationism and unrestrained economic egotism... Excessive intervention in economic activity and blind faith in the state's omnipotence is another possible mistake. True, the state's increased role in times of crisis is a natural reaction to market setbacks. Instead of streamlining market mechanisms, some are tempted to expand state economic intervention to the greatest possible extent... In the 20th century, the Soviet Union made the state's role absolute. In the long run, this made the Soviet economy totally uncompetitive. This lesson cost us dearly. I am sure nobody wants to see it repeated."

Russian Prime Minister Vladamir Putin at opening ceremony of the World Economic Forum in Davos, Switzerland January 28, 2009

... and China tells you so

BEIJING, Feb. 18 (Xinhua) -- Increased borrowing by the United States to fund its massive stimulus package could cause the depreciation of U.S. dollar-denominated assets, Chinese economists have told Xinhua.

Being the largest holder of U.S. Treasury securities, China had reason to be concerned about that possible depreciation, the economists said.

China also warns:
China’s ministry of commerce officials attending the Davos forum have also spoken about the danger of "fanning protectionist sentiments" in the United States and elsewhere with "unhelpful" statements about China’s currency policies and its trade surpluses.
<...>
Earlier, U.S. president Obama’s nominee for Treasury secretary, Timothy Geithner, told U.S. lawmakers that president Barack Obama, "backed by the conclusions of a broad range of economists - believes that China is manipulating its currency".

The remarks by Geithner - later confirmed as U.S. treasury secretary - represent a shift from president George W. Bush’s team, which avoided using the term "manipulation" in criticising China’s exchange-rate management.

While Beijing has rejected the claims outright, the pronouncements - so early in the days of the new U.S. administration - have reignited fears here that president Obama will take a tougher line on China’s trade policies.
<...>
Experts are worried that a defensive approach to China’s U.S. trade might facilitate the acceptance of what they say is a "wrong concept about the origins of the crisis" as a consensus among American political circles.

Will Obama listen to countries that have a little experience in the matter since he hasn't listened to Americans who oppose it?

Michelle Malkin has more


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Posted by Mrs Greyhawk / February 18, 2009 7:43 AM | Permalink
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March 19, 2010


Dawn Patrol 03/19/2003
[Greyhawk]
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"Welcome to the Dawn Patrol, our daily roundup of information on the War on Terror and other topics - from the MilBlogs and various sources around the world."

Mudville was founded in March, 2003. Our efforts to bring the thoughts, words, and deeds of milbloggers to a wider world evolved to become The Dawn Patrol in March, 2005. With today's entry we're going to reset the clock - but not re-write the history - and recreate the world as it was - on a day the world changed...

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(More front pages here.)

Updating... more to follow....

MILBOGS

Andrew Olmsted, 19 Mar 2003, Stateside: It would appear that the liberation of Iraq has begun.

Greyhawk, 18 Mar 2003, Germany: A united world could have, just maybe, brought down Saddam without firing a shot. We will never know. 19 Mar: We'll never know what a united world could have achieved... the UN could not agree on anything, the situation degenerated, and here we are. Status quo was not working. The French were too desperate for oil and trade at any cost. Well-intentioned Americans were led into the streets by Communists (and others) with an agenda. The media distorted the split. Many in America and abroad thought they could manipulate the situation to their personal gain. They miscalculated. The fire is lit.

Pontifx ex Machina, 18 Mar, undisclosed location: Rolling out the gate, the guard gets a quick "hook-em, horns" sign as we weave through the barricades. Then we're off, cruising through the desert in a battered-up SUV. On the eve of war, only one thing passes through our minds: is there going to be any appropriate music on the radio?

Lt Smash, 19 Mar, undisclosed location: Read the President's speech today. The clock is ticking.

Chief Wiggles, 22 Mar, Kuwait: The war started Wednesday morning for us right after the president gave a speech to the American people that lasted about 4 minutes. We were all very anxious for this whole thing to be either over or get it on its way.

Will, 22 Mar, en route: I am going to Baghdad to personally shoot that paper hanging son of a bitch!

Lt Smash 20 Mar, undisclosed location:
From: Public Works Department
To: Saddam Hussein
Subj: BLASTING OPERATIONS IN YOUR NEIGHBORHOOD

Sgt Stryker, 20 Mar, Stateside: Iraq to File U.N. Complaint About Attack

Primary Main Objective, 30 Mar, undisclosed location I Dare Kofi to Come Get Me.

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BruceR, Flit, 19 Mar, Canada: AND SO IT BEGINS. Godspeed, Yanks. Come home safe and soon.

Andrew Olmsted, 20 Mar 2003, Stateside: The most important thing to remember over the next few days is this: the first reports are almost always inaccurate. First reports are generally submitted in the heat of battle before any real analysis can take place. Therefore, they're highly subjective, based on limited information, and rarely hit the mark. So as the first reports of 'surgical strikes' on Iraqi forces come in, it's best to take those reports with a grain of salt...

Iraqi Blogs

Salam Pax, Baghdad: The bombing aould come and go in waves, nothing too heavy and not yet comparable to what was going on in 91. all radio and TV stations are still on and while the air raid began the Iraqi TV was showing patriotic songs and didn't even bother to inform viewers that we are under attack. at the moment they are re-airing yesterday's interview with the minister of interior affairs. THe sounds of the anti-aircarft artillery is still louder than the booms and bangs which means that they are still far from where we live, but the images we saw on Al Arabia news channel showed a building burning near one of my aunts house...

American Blogs

Glenn Reynolds has a ton of links.

Newpapers

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Updating... more to follow....


(The Dawn Patrol's Archives are here.)



Posted 2:33 PM | Permalink | Comments (0) | Trackbacks (0)


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The Mudville Gazette is the on-line voice of an American warrior and his wife who stands by him. They prefer to see peaceful change render force of arms unnecessary. Until that day they stand fast with those who struggle for freedom, strike for reason, and pray for a better tomorrow.
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The Mudville Gazette is written and produced by Greyhawk. Unless otherwise credited, the opinions expressed are those of the author, and nothing here is to be taken as representing the official position of or endorsement by the United States Department of Defense or any of its subordinate components. Furthermore, I will occasionally use satire or parody herein. The bottom line: it's my house.

I like having visitors to my house. I hope you are entertained. I fight for your right to free speech, and am thrilled when you exercise said rights here. Comments and e-mails are welcome, but all such communication is to be assumed to be 1)the original work of any who initiate said communication and 2)the property of the Mudville Gazette, with free use granted thereto for publication in electronic or written form. If you do NOT wish to have your message posted, write "CONFIDENTIAL" in the subject line of your email.

Original content copyright © 2003 - 2009 by Greyhawk. Fair, not-for-profit use of said material by others is encouraged, as long as acknowledgement and credit is given, to include the url of the original source post. Other arrangements can be made as needed.

Contact: greyhawk at mudvillegazette dot com

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