It's The War, Stupid! By Chris Gelken US Economic Crisis: Bush blames sub-prime loans, experts blame

[Demeter]

http://www.opednews.com/articles/genera_chris_ge_080319_it_s_the_war_2c_stupid.htm


Switzerland promptly gave the diplomatic finger to Washington following criticism over Bern´s recently signed gas deal with Iran, saying it did not need US permission to make decisions about its foreign policy. Responding to accusations from the Bush administration and Israel that the US$42 billion agreement violated the spirit (but obviously not the substance) of the third round of United Nations sanctions against Tehran over its nuclear program, Foreign Minister Micheline Calmy-Rey said Switzerland was an independent country and quite capable of making its own strategic decisions.
"It was refreshing to hear somebody, particularly a European country, speak of their national sovereignty and right to act as an independent nation," legal affairs analyst Edward Spannaus told PressTV News. "In this case," he said, "the Swiss Foreign Minister said they were successfully mixing diplomacy and business, and that this policy of engagement was part of their dialogue with Iran on human rights. Now, not only is that a more sensible policy than what is being carried out by the Bush administration, but it is their right to do that."

Attempting to influence countries to follow the "spirit" of the sanctions, as well as the sanctions themselves, effectively adds an extra layer of penalties on the target nation, penalties not approved by the Security Council. "I think the US can only add as much pressure on these countries as they are willing to accept," Spannaus said, "There are legal experts in the US who say the deal does not even violate US sanctions law which allows for these types of contracts. So therefore, the State Department here has to resort to talking about the spirit of the law."

Other political and economic analysts believe the United States should not even be in the sanctions business. "Sanctions are an act of war, an act of imperialism," said Professor Paul Sheldon Foote of California State University, "America should not be imposing sanctions. America´s political leaders say this is a country for capitalism, for free enterprise and for democracy. Sanctions should play no part in that. We had a Republican candidate for president, Ron Paul, who strongly denounced sanctions. Any true Republican and any true capitalist will have no part of sanctions."

And according to Spannaus, there are plenty of people in the United States who agree.
"There is not a lot of enthusiasm in the United States for these types of sanctions," he said.
"There is a group in Congress called the Dialogue Congress which favors engagement. There are business groups opposed to sanctions. We´ve got sanctions on dozens of countries around the world. It is a foolish policy, it doesn´t work. Business groups here say we are only cutting off our nose to spite our face." Sanctions, an instrument designed to exert economic hardship on a target nation, frequently have the opposite effect. It often hardens the target country´s resolve to resist what they usually perceive as bullying by more powerful or arrogant nations. Spannaus cited Cuba as a classic example of the self defeating nature of sanctions. "For almost 50 years the United States has had a trade embargo on Cuba. It hasn´t changed Cuba, it has been totally unsuccessful."
However, the sanctions have cost the United States investment opportunities in the island. Those investments would have generated revenues and jobs. With the US economy "in sharp decline" according to Treasury Secretary Henry Paulson, those are revenues and jobs that the United States sorely needs.

President Bush, for his part, has narrowed his vision and puts all the blame on the slump in the housing market.

[Preston120]

1. "A good person, out of the goodness of their heart brings for good

The United States has lost the moral high ground. Corporate America controls its foreign policy. NAFTA proved that if a company could undercut its employees, escape regulation, lower its bottom line. It would do it, and fund those in government to allow it. Need oil, no problem we can invade and overthrow a sovereign nation and take their oil. CEO's making multi-million dollar salaries screw up and the government makes their screw up good, and give the bill to your children and grandchildren. "Either make the tree good, and his fruit good; or else make the tree corrupt, and his fruit corrupt: for the tree is known by its fruit.-(Mat.12-33)