Monday, September 17, 2012

BloggeRhythms 9/17/2012

While disappointment and disagreement festers between the administration and Israeli Prime Minister Netanyahu, over the U.S.’s wishes to wait for sanctions on Iran to take hold rather than taking more aggressive actions,  I found a myFOXdc.com link on Drudge to an article headed “Iran atomic chief says 'explosives' cut power at facility.”
 
It seems that Iranian, Fereydoon Abbasi Davani, told a 155-nation International Atomic Energy Agency gathering in a speech that, “On 17th August 2012, the electric power lines from the city of Qom to the Fordo complex ...were cut using explosives," and, "It should be reminded that the same act had been performed on the power lines to the Natanz facilities."
 
He didn’t, however, accuse anyone of sabotage, but in the past Iran has claimed both Israel and the United States were behind the assassinations of nuclear scientists and computer viruses targeting its facilities.

The article also points out that, “Fordo itself  is a key site in Iran's nuclear program, dug deep into a mountain to protect it against air strikes and enriching uranium to purities of 20 percent, a short step from the 90 percent needed for a nuclear weapon.” But, nonetheless, “Iran says its nuclear program is peaceful and that uranium enrichment is for power generation and medical purposes.”
 
So here, I think, we have an example of Israel's core conclusions regarding Iran developing nuclear weapons. Because while all the talk, hype, smoke and politicking go on on the international diplomatic stage, Netanyahu’s making sure they take care of business. And one thing I’m absolutely sure of is, he isn’t going going to stand by and watch his country get nuked simply because some American politico will sell it out to scam some votes.  

Then along the same lines of ridiculous decision making by an administration having no business experience, credentials or economic smarts, Fox News on-line also reports that: “The Treasury Department is resisting a push by General Motors Co. to sell the government's entire stake in the auto maker -the latest source of tension between two unlikely partners thrust together at the depths of the financial crisis. U.S. taxpayers kept the nation's largest auto maker by sales afloat with a $50 billion bailout in 2009 and now own 26.5% of the Detroit company.”

It seems that G.M.’s upset because of regulations and rigidity forced on them due to significant government ownership tying their hands and slowing their growth. However, if the government sells out now, taxpayers will take a significant financial hit due to G.M’s poor stock performance, and thus the merry-go-round of economically wrongful intervention will likely continue.

So here we have a Catch-22 caused by a misguided bailout decision, as was done with Chrysler, while Ford simultaneously provides a very successful example of how companies do far better on their own in the end. 

But if nothing else, at least the administration’s demonstrating that it’s very, very, consistent regardless. Because as the preceding situations illustrate, it doesn’t matter whether the situations are foreign or domestic, it can’t do anything right whatsoever. Which, I guess, is to be expected when the world’s greatest nation is in the hands of hopeless amateurs on all fronts.

That’s it for today folks.

Adios     

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