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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: lorne who wrote (55419)11/14/2008 7:57:27 AM
From: lorne2 Recommendations  Respond to of 224648
 
Obama Wins, Muslims Divided
by Daniel Pipes
Philadelphia Bulletin
November 12, 2008
danielpipes.org

Ali ibn Abi-Talib, the seventh-century figure central to Shiite Islam, is said to have predicted when the world will end, columnist Amir Taheri points out. A "tall black man" commanding "the strongest army on earth" will take power "in the west." He will carry "a clear sign" from the third imam, Hussein. Ali says of the tall black man: "Shiites should have no doubt that he is with us."

An Iranian in Tehran sports a badge of Barack Obama. (AP: Hasan Sarbakhshian)

Barack Hussein in Arabic means "the blessing of Hussein." In Persian, Obama translates as "He [is] with us." Thus does the name of the presumptive American president-elect, when combined with his physical attributes and geography, suggest that the End of Times is nigh – precisely what Iranian president Mahmoud Ahmadinejad has been predicting.

Back down on earth, the Muslim reaction to Obama's victory is more mixed than one might expect.

American Islamists are delighted; an umbrella group, the American Muslim Taskforce on Civil Rights and Election, opined that, with Obama's election, "Our nation has … risen to new majestic heights." Siraj Wahhaj, Al-Hajj Talib Abdur Rashid, the Council on American Islamic Relations, the Muslim Public Affairs Council, the Islamic Society of North America, the Islamic Circle of North America, and the Muslim Alliance in North America responded with similar exuberance.

Hamas, and Islamist movements in Egypt, Jordan, Iraq, India, Indonesia and the Philippines delighted in Obama's election. Robert Spencer of Jihad Watch generalizes that jihadists and Islamic supremacists worldwide showed "unalloyed joy." The New York Times finds public reaction in the Middle East mostly "euphoric." John Esposito of Georgetown University emphasizes the Muslim world's welcome to Obama as an "internationalist president."

But plenty of other Muslims have other views. Writing in Canada's Edmonton Sun, Salim Mansur found John McCain the "more worthy candidate." Yusif al-Qaradawi, the Al-Jazeera sheikh, endorsed McCain for opposite reasons: "This is because I prefer the obvious enemy who does not hypocritically [conceal] his hostility toward you… to the enemy who wears a mask [of friendliness]." Al-Qaradawi also argued that twice as many Iraqis died during Bill Clinton's two administrations than during George W. Bush's.

For tactical reasons, the influential Sunni sheikh Yusif al-Qaradawi wanted John McCain to win.

Iran's hardliners also favored a McCain victory (according to Iran's former Vice President Mohammad Ali Abtahi) "because they benefit more from enmity with the U.S., which allows them to rally the Islamic world behind their policies and at the same time suppress dissent at home." The Taliban took note of Obama's election promise to increase U.S. troops in Afghanistan, warning that, should he fulfill this plan, "jihad and resistance will be continued."

Iraqis are intensively divided about Obama's plan quickly to withdraw U.S. troops from their country. That plan, plus promises to end U.S. dependence on Middle East oil and to negotiate with Iranian leaders, rattled the leaders of Saudi Arabia and other Persian Gulf governments.

Some commentators argue that Obama cannot make a real difference; an Iranian newspaper declares him unable to alter a system "established by capitalists, Zionists, and racists." Predictably, the appointment of Rahm Emanuel as Obama's chief of staff confirmed Palestinian perceptions of an omnipotent Israel lobby. A commentator in the United Arab Emirates went further, predicting Obama's replication of Jimmy Carter's trajectory of flamboyant emergence, failure in the Middle East, and electoral defeat.

In all, these mixed reactions from Muslims suggest puzzlement at the prospect of a U.S. president of Islamic origins who promises "change," yet whose foreign policy may buckle under the constraints of his office. In other words, Muslims confront the same question mark hanging over Obama as everyone else:

Never before have Americans voted into the White House a person so unknown and enigmatic. Emerging from a hard-left background, he ran, especially in the general election, mostly as a center-left candidate. Which of these positions will he adopt as president? More precisely, where along the spectrum from hard- to center-left will he land?

Looking at the Arab-Israeli conflict, for example, will Obama's policies reflect Rashid Khalidi, the ex-PLO flak he befriended in the 1990s, or Dennis Ross, his recent campaign advisor and member of my board of editors? No one can yet say.

Still, one can predict. Should Obama return to his hard left roots, Muslim euphoria will largely continue. Should he seek to make his presidency a success by moving to the center-left, many – but hardly all – Muslims will experience severe disillusionment.



To: lorne who wrote (55419)11/16/2008 2:31:29 AM
From: RMF  Read Replies (2) | Respond to of 224648
 
lorne,

I agree that that wasn't very prudent to pressure banks to make some of those inadvisable loans, but instead of balancing their risk on "those" loans by tightening credit standards on others and building reserves the banks just went "hog wild" with the whole thing by dishing out subprime loans to EVERYBODY. The banks made a KILLING on the whole thing by just using highly leveraged derivatives like "credit default swaps" so they could essentially lend money to anyone regardless of risk and not have to worry about it. The banks themselves took home BILLIONS in pay and bonuses and their stocks went way up.

Did Countrywide feel pressured by ACORN to make billions?

Show me the youtube video that shows ACORN or anybody else "pressuring" mortgage lenders to make shoddy loans in Stockton CA and Las Vegas Nevada.

The CORE of the problem lies in these derivative instruments that allowed banks in the U.S. to just forget about being responsible to any degree because they had created the "illusion of safety" through these derivative vehicles.

Even if the CORE had been rotten, we were "supposed" to have "core SMELLERS". Folks like Standard & Poors and Moodys.
They were supposedly there to tell everybody what loans smelled good and what loans smelled bad so that buyers of the debt would know what level of insurance they really needed. Unfortunately, those guys had a better smell for profits than they did for protecting the folks they were supposed to be serving or the entire world financial system.

There WAS naivete by some of the Democrats, but I actually think they had good intentions in mind. The MAIN problem was this constant push by the Republicans for less and less regulation.

ALL OF THEM were DUMB and we're paying for it.



To: lorne who wrote (55419)11/16/2008 4:21:22 AM
From: RMF  Read Replies (1) | Respond to of 224648
 
lorne, this ain't a video, but if you read it I think it will give you a little different perspective on WHO caused the Subprime MESS.

losangeles.injuryboard.com