Gongol.com Archives: December 2018
A scathing BBC report says that the British government isn't doing anything to counteract Chinese-government espionage being conducted as economic warfare. Border walls and Brexits won't do a shred of good to solve the problem of highly sophisticated, well-funded, state-backed industrial espionage campaigns. Ham-handed tariffs and trade wars among allies don't help, either. All the public attention is going to the wrong things right now, and we're going to regret the neglect.
Who, exactly, is the person who (a) has the credibility to be an effective Secretary of Defense, and (b) looks at the job and confidently thinks "I can persuade and advise the President where Mattis couldn't". That person surely does not exist. The kind of hubris it would take, two years into this Administration, to think that the President could be educated on matters of military importance (much less be persuaded about them) is exactly the kind of hubris that gets fools killed and wiser people hauled off to prison. This is a grave moment. Little to nothing about our geopolitical situation has on balance become more stable or more secure for the United States in the last two years. On net, things are worse. And everyone knows why. It seems quite extraordinary that outgoing Defense Secretary James Mattis openly, directly, and publicly rebuked the President in his resignation letter -- posted for all the world to see, directly on the website of the Defense Department. That's no small matter: It's a modern-day echo of Luther nailing his 95 Theses to the church door.
A reminder: The stock market isn't the economy, and the economy isn't the stock market. But the terrible performance in the stock market of late is pretty directly traceable to real-world events in economics: The Federal government shutdown, accelerating deficit spending, odious misbehavior and unpredictability in the Oval Office, and trade hostilities among them. Ordinarily, it's out of place to give a President too much credit or too much blame for the state of either the economy or the markets. But not only has President Trump made a spectacular fool of himself by desperately seeking praise and attention for the state of the stock market just four months ago, he has also introduced many of the most notable risks to the economy itself. A President who tries to take credit for the good (when he isn't really responsible for it) most certainly deserves blame when he is clearly responsible for doing harm. He is reported now to be interested in firing the chair of the Federal Reserve. That's a Rubicon he'd best not cross.
With the FCC shut down, are radio hosts obligated to talk like pirates?