The world is a very dangerous place!
The country of Iran, as an example, is responsible for a bloody proxy war against Saudi Arabia in Yemen, trying to destabilize Iraq’s fragile attempt at democracy, supporting the terror group Hezbollah in Lebanon, propping up dictator Bashar Assad in Syria (who has killed millions of his own citizens), and much more. Likewise, the Iranians have killed many Americans and other innocent people throughout the Middle East. Iran states openly, and with great force, “Death to America!” and “Death to Israel!” Iran is considered “the world’s leading sponsor of terror.”
On the other hand, Saudi Arabia would gladly withdraw from Yemen if the Iranians would agree to leave. They would immediately provide desperately needed humanitarian assistance. Additionally, Saudi Arabia has agreed to spend billions of dollars in leading the fight against Radical Islamic Terrorism.
After my heavily negotiated trip to Saudi Arabia last year, the Kingdom agreed to spend and invest $450 billion in the United States. This is a record amount of money. It will create hundreds of thousands of jobs, tremendous economic development, and much additional wealth for the United States. Of the $450 billion, $110 billion will be spent on the purchase of military equipment from Boeing, Lockheed Martin, Raytheon and many other great U.S. defense contractors. If we foolishly cancel these contracts, Russia and China would be the enormous beneficiaries – and very happy to acquire all of this newfound business. It would be a wonderful gift to them directly from the United States!
The crime against Jamal Khashoggi was a terrible one, and one that our country does not condone. Indeed, we have taken strong action against those already known to have participated in the murder. After great independent research, we now know many details of this horrible crime. We have already sanctioned 17 Saudis known to have been involved in the murder of Mr. Khashoggi, and the disposal of his body.
Representatives of Saudi Arabia say that Jamal Khashoggi was an “enemy of the state” and a member of the Muslim Brotherhood, but my decision is in no way based on that – this is an unacceptable and horrible crime. King Salman and Crown Prince Mohammad bin Salman vigorously deny any knowledge of the planning or execution of the murder of Mr. Khashoggi. Our intelligence agencies continue to assess all information, but it could very well be that the Crown Prince had knowledge of this tragic event – maybe he did and maybe he didn’t!
That being said, we may never know all of the facts surrounding the murder of Mr. Jamal Khashoggi. In any case, our relationship is with the Kingdom of Saudi Arabia. 1 They have been a great ally in our very important fight against Iran. The United States intends to remain a steadfast partner of Saudi Arabia to ensure the interests of our country, Israel and all other partners in the region. It is our paramount goal to fully eliminate the threat of terrorism throughout the world! 2
I understand there are members of Congress who, for political or other reasons, would like to go in a different direction – and they are free to do so. I will consider whatever ideas are presented to me, but only if they are consistent with the absolute security and safety of America. After the United States, Saudi Arabia is the largest oil producing nation in the world. 3 They have worked closely with us and have been very responsive to my requests to keeping oil prices at reasonable levels – so important for the world. As President of the United States I intend to ensure that, in a very dangerous world, America is pursuing its national interests and vigorously contesting countries that wish to do us harm. Very simply it is called America First!
Canadian Prime Minister Justin Trudeau became the first leader to publicly say that his country’s intelligence officials had listened to an audio recording that Turkish officials say is evidence that the journalist Jamal Khashoggi was killed by Saudi operatives... “On October 24, a representative of the French intelligence has listened to the audio recording and detailed information including a transcript of said audio,” Fahrettin Altun, communications director of the Turkish presidency, told Agence France-Presse, according to Turkish officials. “If there is miscommunication between the French government’s various agencies, it is up to the French authorities, not Turkey, to take care of that problem.”.. Canada’s diplomatic relationship with Saudi Arabia has been strained since August, when Saudi Arabia downgraded ties between the two countries after Canada’s foreign ministry sent a tweet calling on the kingdom to immediately release human-rights activists who had been jailed. Saudi Arabia said it viewed the remarks, which were also translated into Arabic, as an unacceptable interference in its internal affairs. It expelled Canada’s ambassador to the kingdom and instructed thousands of Saudi students who were studying in Canada to leave the country.The diplomatic spat hasn’t affected a $10 billion deal, agreed to in 2014, to ship hundreds of armored vehicles from a Canadian subsidiary of General Dynamics Corp. to Saudi Arabia.
That crashing sound you heard in world markets last week wasn’t just a correction. It was the sound of the end of an age.
During the long era of relatively stable international relations that succeeded the Cold War, markets enjoyed an environment uniquely conducive to economic growth.
.. The results were extraordinary. Between 1990 and 2017, world-wide gross domestic product rose from $23.4 trillion to $80.1 trillion, the value of world trade grew even faster, more than a billion people escaped poverty, and infant-mortality rates decreased by more than 50%. The number of people with telephone service grew roughly 10-fold.
This hiatus from history was, by most measures of human flourishing, a glorious era. Now it has come to an end, or at least a pause, and the world is beginning to see what that means.
.. the basic elements of economic globalization appeared firmly in place.
- Russia, the most obvious challenger to the geopolitical order, was an insignificant and diminishing player economically.
- And China, notwithstanding its rapid economic growth and its anxiety about American military power, was unlikely to challenge the economic basis of its own success. Geopolitics might have been back, but that wasn’t an issue for markets.
That complacency was misplaced. The return of geopolitics means the basic framework for economic policy has changed. In periods of great-power rivalry, national leaders must often put geopolitical goals ahead of economic ones. Bismarck’s Germany could have saved money buying armaments from Britain, but building a domestic arms industry was worth the cost. If the U.S. is in a serious strategic competition with China, an American president might well be willing to sacrifice some economic growth to banish China from important supply chains.
,, by invoking “national security,” the Trump administration has found a legal basis, with roots in the Cold War and even earlier, to assert sweeping powers over the nation’s commerce. It has upended a generation of U.S. trade policy in a dramatically short period of time.
.. The new era of geopolitics is unlikely to be an era of small government.
.. The Trump administration is
- reversing some of the regulatory excesses of the Obama era, and
- the president’s judicial appointees are prepared to rein in the administrative state.
.. A recalibration of the U.S.-China relationship was likely inevitable as the world’s oldest civilization became an economic superpower.
Hillary Clinton, who as secretary of state clashed with Mr. Obama over the need for a tougher approach to China, would not be a popular figure in Beijing if she had won the 2016 election.
Trump’s rationale for going easy on Saudi Arabia is a shameful lie.
A few days ago, Pat Robertson, the evangelical leader, urged America not to get too worked up about the torture and murder of Jamal Khashoggi, because we shouldn’t endanger “$100 billion in arms sales.” I guess he was invoking the little-known 11th Commandment, which says, “On the other hand, thou shalt excuse stuff like killing and bearing false witness if weapons deals are at stake.”
O.K., it’s not news that the religious right has prostrated itself at Donald Trump’s feet. But Trump’s attempt to head off retaliation for Saudi crimes by claiming that there are big economic rewards to staying friendly with killers — and the willingness of his political allies to embrace his logic — nonetheless represents a new stage in the debasement of America.
It looks unlikely, then, that deals with Saudi Arabia will raise U.S. annual arms exports by more than a few billion dollars a year. When you bear in mind that the industries involved, mainly aerospace, are highly capital intensive and don’t employ many workers per dollar of sales, the number of U.S. jobs involved is surely in the tens of thousands, if that, not hundreds of thousands. That is, we’re talking about a rounding error in a U.S. labor market that employs almost 150 million workers.
Another way to look at Saudi arms sales is to notice how small the stakes are compared with other areas where Trump is casually disrupting business relations. He seems, for example, to be eager for a trade war with China, which imported $187 billion worth of U.S. goods and services last year.
.. Because the Federal Reserve believes that we’re at full employment, and any further strengthening of the economy will induce the Fed to raise interest rates. As a result, jobs added in one place by things like arms sales will be offset by jobs lost elsewhere as higher rates deter investment or make the U.S. less competitive by strengthening the dollar.
.. what we’re looking at here is another step in the debasement of our nation.
- Accepting torture and murder is a betrayal of American principles;
- trying to justify that betrayal by appealing to supposed economic benefits is a further betrayal.
And when you add in the fact that the claimed economic payoff is a lie, and that the president’s personal profit is a much more likely explanation for his actions — well, genuine patriots should be deeply ashamed of what we’ve come to as a nation.