The Obama Great Depression

16 01 2016

 By Timothy D. Naegele[1][2]

Soon after the presidency of Barack Obama began—on April 8, 2009—the  McClatchy-Tribune News Service published an article of mine entitled, “Euphoria or the Obama Depression?”[3]  In it, I wrote:

Barack Obama is euphorically optimistic, but neither he nor the leaders of other countries can hold back an economic tsunami, just as mankind is helpless to stop the wrath of natural tsunamis in the oceans.

. . .

According to the Rasmussen Reports, most Americans—53 percent, in fact—believe the United States is at least somewhat likely to enter a 1930s-like Depression within the next few years. If so, the repercussions are unfathomable.

. . .

Years from now, economic historians may look back at this era and conclude that the world’s central bankers were overwhelmed and Depression-era “safety nets” did not work; and global market forces ultimately determined the depth and duration of the economic meltdown, not the politicians in Washington or anywhere else.

The tsunami that was released when the housing bubble finally burst may not run its course until about 2017-2019; and its effects will be devastating worldwide. There are no legislative solutions or quick fixes to the problems. The carnage between now and 2019 will approximate the Great Depression. . . .

. . .

America and other nations are in uncharted waters; and their politicians may face backlashes from disillusioned and angry constituents that are unprecedented in modern times. Also, the limits of godless secularism and paying homage to the false gods of materialism may become self-evident.

It is interesting to reflect on these comments and others contained in the article, as well as those in an companion article that I wrote for the American Banker—the daily newspaper of the U.S. banking industry—and in an interview that I gave on these subjects.[4]  Today, it is as though the economies of individual countries are “careening,” creating a “cascading” effect.

This is not 2008 all over again. It may be much worse, even eclipsing the Great Depression of the last century.  A “perfect storm” has been gathering for a long time now; and when it hits with its full force and fury, 2008 may seem like a “blip” by comparison.  America’s Fed and the other central banks of the world will be overwhelmed; Depression-era “safety nets” will not make any difference; and panics may ensue.

The biggest worry in Washington for many years has been that there would be runs on the big funds, which are uninsured, and that a “liquidity crisis” of unfathomable proportions would occur—which would be unstoppable.  Americans and people of other countries have lost trust in their governments, which will only compound the problems.

Hold on tight. Things will get very scary between now and the end of this decade.[5]  Whatever happens will be attributable principally to Barack Obama’s failed presidency.  Indeed, there are so many tragedies he has spawned that it is impossible to do justice to each of them in a short article like this one.

For example, he has set back race relations in the United States by years if not decades. He has been a divider, not a healer.[6]  With respect to his so-called major policy “accomplishments”—such as Obamacare, limited gun control, and the Paris man-made “global warming” accords—they can and probably will be undone by executive orders on Day One when the next American president takes office less than a year from now.  Americans are clamoring for this to happen.[7]

Obama may go down as the worst president in American history, even eclipsing Jimmy Carter, which is a remarkable feat unto itself.  History may record that Obama became a “transformative” or revolutionary president, which is not what the majority of Americans wanted. Perhaps because he was not raised on the U.S. mainland, his perspective is not that of most Americans . . . even blacks.[8]

With the global economy imploding, and Obama being an impediment to the U.S. growth that has occurred, his place in American economic history may rank next to or below that of Herbert Hoover.

Today, Barack Obama is like a minstrel wandering the land, with respect to whom no one will listen.

© 2016, Timothy D. Naegele

Obama-gone

_______________________________________________

[1]  Timothy D. Naegele was counsel to the United States Senate’s Committee on Banking, Housing, and Urban Affairs, and chief of staff to Presidential Medal of Freedom and Congressional Gold Medal recipient and former U.S. Senator Edward W. Brooke (R-Mass). He and his firm, Timothy D. Naegele & Associates, specialize in Banking and Financial Institutions Law, Internet Law, Litigation and other matters (see www.naegele.com and http://www.naegele.com/documents/TimothyD.NaegeleResume.pdf). He has an undergraduate degree in economics from UCLA, as well as two law degrees from the School of Law (Boalt Hall), University of California, Berkeley, and from Georgetown University. He served as a Captain in the U.S. Army, assigned to the Defense Intelligence Agency at the Pentagon, where he received the Joint Service Commendation Medal. Mr. Naegele is an Independent politically; and he is listed in Who’s Who in America, Who’s Who in American Law, and Who’s Who in Finance and Business. He has written extensively over the years (see, e.g., www.naegele.com/whats_new.html#articles), and can be contacted directly at tdnaegele.associates@gmail.com; see also Google search: Timothy D. Naegele

[2] Note: This article is an expansion of earlier articles and comments at this blog.  See, e.g., https://naegeleblog.wordpress.com/2010/09/27/the-economic-tsunami-continues-its-relentless-and-unforgiving-advance-globally/ (“The Economic Tsunami Continues Its Relentless And Unforgiving Advance Globally”) (see all of the comments beneath it) and https://naegeleblog.wordpress.com/2009/12/05/is-barack-obama-a-racist/#comment-8016 (“Barack Obama: A Failed American Presidency”) and https://naegeleblog.wordpress.com/2010/09/27/the-economic-tsunami-continues-its-relentless-and-unforgiving-advance-globally/#comment-8011 (“Helter Skelter Is Arriving With A Thud, Sell Everything”) and https://naegeleblog.wordpress.com/2010/09/27/the-economic-tsunami-continues-its-relentless-and-unforgiving-advance-globally/#comment-7614 (“Doomsday Clock For Global Market Crash Strikes One Minute To Midnight As Central Banks Lose Control“) and https://naegeleblog.wordpress.com/2012/02/07/poverty-in-america/#comment-7646 (“The Surging Ranks Of America’s Ultrapoor”) and  https://naegeleblog.wordpress.com/2010/09/27/the-economic-tsunami-continues-its-relentless-and-unforgiving-advance-globally/#comment-8006 (“The EU’s Collapse In 2016?“) and https://naegeleblog.wordpress.com/2015/07/01/global-chaos-and-helter-skelter/ (“Global Chaos And Helter Skelter”)

[3]  This article has been republished by RealClearPolitics, and can be found at the links that follow.

See http://www.realclearpolitics.com/news/tms/politics/2009/Apr/08/euphoria_or_the_obama_depression_.html (“Euphoria or the Obama Depression?”) and http://www.naegele.com/documents/Commentary-EuphoriaortheObamaDepression.pdf (“Commentary: Euphoria or the Obama Depression?

[4]  See http://www.americanbanker.com/issues/173_212/-365185-1.html and http://www.naegele.com/documents/GreenspansFingerprints.pdf (“Viewpoint: Greenspan’s Fingerprints All Over Enduring Mess”); see also http://marketshadows.com/2012/05/21/greenspans-legacy-more-suffering-to-come/ and http://seekingalpha.com/instablog/2951-market-shadows/31177-interview-with-timothy-d-naegele and http://www.naegele.com/documents/InterviewwithTimothyD.Naegele-ilene–SeekingAlpha.pdf (“Greenspan’s legacy: more suffering to come”)

[5]  Not factored into these comments explicitly are the effects of (1) the terrorist strikes on Paris and elsewhere in the world; (2) the immigration issue that is tearing Europe and the Middle East apart; (3) the military implosion that is taking place in the Middle East, with much worse yet to come; and (4) the effects of our adversaries (e.g., China, Russia, North Korea, Iran) on peace, and on the American and global economies.

See, e.g., https://naegeleblog.wordpress.com/2015/11/20/we-are-all-parisians/ (“We Are All Parisians”) and https://naegeleblog.wordpress.com/2010/01/19/emp-attack-only-30-million-americans-survive/ (“EMP Attack: Only 30 Million Americans Survive”) and https://naegeleblog.wordpress.com/2015/11/29/the-death-of-putin-and-russia-the-final-chapter-of-the-cold-war/ (“The Death Of Putin And Russia: The Final Chapter Of The Cold War”) and https://naegeleblog.wordpress.com/2011/01/13/china-is-americas-enemy-make-no-mistake-about-that/ (“China Is America’s Enemy: Make No Mistake About That”) and https://naegeleblog.wordpress.com/2010/12/22/the-next-major-war-korea-again/ (“The Next Major War: Korea Again?”) and https://naegeleblog.wordpress.com/2009/12/28/human-trafficking/ (“Human Trafficking”) and https://naegeleblog.wordpress.com/2015/12/06/islamophobia-is-un-american/ (“Islamophobia Is Un-American”) and https://naegeleblog.wordpress.com/2015/12/31/is-israel-doomed/ (“Is Israel Doomed?”)

[6]  See, e.g.https://naegeleblog.wordpress.com/2009/12/05/is-barack-obama-a-racist/#comment-8016 (“Barack Obama: A Failed American Presidency”)  and https://naegeleblog.wordpress.com/2009/12/05/is-barack-obama-a-racist/ (“Is Barack Obama A Racist?”)

[7]  See, e.g., https://naegeleblog.wordpress.com/2015/11/30/a-34-trillion-swindle-the-shame-of-global-warming/ (“A $34 Trillion Swindle: The Shame Of Global Warming”) and https://naegeleblog.wordpress.com/2012/12/20/abortions-and-autos-kill-more-in-america-than-guns/ (“Abortions And Autos Kill More In America Than Guns”)

[8]  See, e.g., https://naegeleblog.wordpress.com/2015/01/03/edward-w-brooke-is-dead/#comment-7434 (“Disappointment In Obama Leads Some Blacks To Ask Whether Voting Is Worth It”)





Barack Obama Is A Lame-Duck President Who Will Not Be Reelected

3 12 2010

By Timothy D. Naegele[1]

Like former Presidents Jimmy Carter and Lyndon Johnson before him, in 1980 and 1968 respectively, Barack Obama will not be reelected in 2012.[2] The twin pincers of a domestic economy in the throes of the “Great Depression II”[3]—which economic historians will describe as such, or by using similar terms 20-40 years from now—and his failed Vietnam-like Afghan war[4] will seal his political fate.  Other factors will contribute mightily too, such as the perception that he is “out of touch” just as Jimmy Carter was; and that Obama is a silver-tongued, narcissistic “foreign born” demagogue who is un-American.[5] Perceptions often become reality, certainly in politics.

We are witnessing the end of Obama as a politician now.  The zenith of his presidency occurred with the enactment of ObamaCare, just as Hillary Clinton’s health care efforts marked the “high water mark” of her influence during Bill Clinton’s presidency.  Obama’s nadir is yet to come, but the 2010 mid-term election debacle represented an important milestone on the slippery downward slope of his presidency.  The domestic economy will get far worse; his Afghan war is a morass that seems unwinnable and inescapable; and national security issues loom—such as North Korea and Iran—which may prove “hazardous” at best.

Barack Obama is a failed politician whose “magic” has come and gone.  He is not merely a bad president. He may have the distinction of going down in history as one of the worst presidents that America has ever had, or perhaps the worst depending on what happens during the remainder of his term in office.  That he is presiding over a failed presidency is not in dispute. The only question becomes: how bad will things get for the American nation, its people and for him, before he leaves public office?[6] It is fair to surmise that we have only seen the tip of an enormous political, economic, social and national security “iceberg”—or nightmare—reminiscent of the one that the RMS Titanic struck in 1912.

It is not beyond the pale to believe that scandals will engulf Barack Obama’s presidency as more and more is learned about who he is and how he has governed, and what he and others in his administration have done during the time they have been entrusted with the presidency.[7] Barack Obama is no Bill Clinton: a “cat” with seemingly nine lives politically. He is a “mix” between Carter who was perceived as cerebral and out of touch, and Johnson who was viciously maligned and prevented from running for reelection.

When I was a young Army officer stationed at the Pentagon, before working on Capitol Hill, I remember bumper stickers on cars in the District of Columbia that asked: “Where is Lee Harvey Oswald now that we really need him?”—a reference to John F. Kennedy’s killer.  Johnson was hated, and such implied threats were real.  There are rising negative sentiments about Obama today, involving large numbers of Americans who are not racially prejudiced or merely disillusioned.  Indeed, two Democratic pollsters and advisers to Presidents Clinton and Carter respectively, Douglas E. Schoen and Patrick H. Caddell, wrote an important op-ed piece in the Washington Post recently, which stated:

[W]e believe Obama should announce immediately that he will not be a candidate for reelection in 2012.

. . .

[T]he president has largely lost the consent of the governed.  The [2010] midterm elections were effectively a referendum on the Obama presidency.[8]

However, his raving and overarching narcissism will likely drive his decision making to put his own perceived best interests ahead of the good of the country and his political party; and he will probably fight on to the bitter end.  More and more Americans are concluding that he does not deserve a second term in the White House.[9] Political pundit and former adviser to Bill Clinton, Dick Morris, argues that he will be challenged by both those on his left and right politically.[10]

Barack Obama is an unsuccessful “community organizer” from Chicago—and before that, Hawaii and Indonesia—who became a black man when it suited him, despite the ethnicity of his mother and her parents who nurtured him like no one else in his life.  The best of him, he has readily admitted, is what the three of them gave him; and clearly he cherishes their memories.[11] Yet, it is not such personal qualities that will determine his political fate.  Jimmy Carter was perceived as likable too.

With respect to the economy, we are in the midst of the “Great Depression II,” and there is nothing he can do about that fact.  The economic tsunami that former Federal Reserve Chairman Alan Greenspan unleashed has been rolling worldwide, with no end in sight. At most, government policies can affect it at the margins—because it will run its course, essentially oblivious to government intervention. Where and when it stops, no one knows; however, Obama’s actions to date have only made it worse.[12] His so-called “stimulus package” has done little or nothing to help the economy; and his reform of the financial markets is akin to shuffling deck chairs on the Titanic[13].

His signature legislation, ObamaCare, was opposed by a majority of the American people, but that did not stop Obama and House Speaker Nancy Pelosi from arrogantly shoving it down their throats, as if to say that the two of them knew what was best for their wards.  ObamaCare is likely to be a tragedy for Americans who need health care the most, such as senior citizens; and according to a Rasmussen Reports national telephone survey, 58 percent of American voters favor its repeal, while 37 percent are opposed.[14]

His policies with respect to Russia’s “dictator-for-life” Vladimir Putin are a travesty to say the least, which simply reflect his almost-total naïveté that is stunning—America’s “Hamlet” on the Potomac.  His negotiation and endorsement of the New START Treaty is a perfect example.[15] Also, he stood by helplessly while those Iranians who advocated freedom were tortured or killed.  His positive contributions with respect to peace between the Israelis and Palestinians are essentially nonexistent, at a critical juncture in the history of the Middle East.[16] And the list goes on and on.

Writing for Germany’s Der Spiegel, Klaus Brinkbäumer stated bluntly:

[N]obody in the US understands [the Afghan] war any more.  The conflict long ago ceased to be Bush’s war, and is now Obama’s.  Worse still, it will inevitably end with an inglorious withdrawal.  Why, then, should the US send in yet more troops?  Why spend $100 billion a year waging war when train stations and schools back home are falling to pieces, and the money would be better spent on other American projects and research?  Congress refuses to approve extra spending on renewing America: The money has already been spent.

. . .

The problem is simply that Obama is smaller than the promise he made, and tiny in comparison to the hopes an entire nation placed on him in 2008. There’s one thing that Barack Obama failed to do. That was his real failure, the big mistake he made, back when everything seemed possible.

. . .

[H]e didn’t even try.[17]

The fact is that Barack Obama is a professional politician and nothing more.  And Americans have come to loathe such creatures, not love them.  So “out of touch” is he that when the BP oil spill was polluting the Gulf of Mexico, Michelle Obama and their youngest daughter flew to Spain—and she was described as America’s “Marie Antoinette.”  More importantly, Obama is not fit to serve or govern, and he never has been.  He is a demagogue and a liar[18], and an embarassment to this great nation and its people.  He is incompetent[19]; and yes, he is evil.[20] Before his presidency ends, he is apt to do even more irreparable damage to our national security, our economy, and with respect to a whole host of critical areas.

He should be relieved of command, and end his political career with dignity like his former military commander in Afghanistan, General Stanley A. McChrystal.  This is what Democrat pollsters Schoen and Caddell have urged Obama to do.  The good General McChrystal, who was forced by Obama to resign his command, might be the first public official (or former-public official) to call for Obama’s resignation.[21] He knows, better than most people, about Obama’s ineptitude and recklessness with the lives of U.S. military personnel and America’s honor—which are at stake and on the line each and every day in Afghanistan and elsewhere around the world.

The fact that Obama named General David Petraeus to replace McChrystal as commander of American and NATO forces in Afghanistan, and that Petraeus was willing to accept the job and step down from his position as Commander of the U.S. Central Command—which oversees American military efforts in Afghanistan, Iraq, Pakistan, Central Asia, the Arabian Peninsula, and parts of Africa—speaks volumes about the character, talent, loyalty and integrity of Petraeus.  However, it does not change the verdict with respect to Obama and his failed presidency.

There is nothing positive about his administration or what he has done to date, nothing.  Despite projecting an upbeat, positive, personable image on the campaign trail, which enthused millions of voters and gave them hope, at best he has proved to be an “empty suit.”  If Americans read his book, “Dreams from My Father,” they will realize that his radical beliefs are in tune with Indonesia where he lived—or perhaps some other foreign country—but not with the United States.[22] The “change” he espoused has not been consistent with the beliefs and goals of mainstream American voters.

The critical words that General McChrystal and his staff spoke in a Rolling Stone interview[23] were true and needed to be said—even though lots of Americans might have preferred not to hear about the acrimony and dissension between our military and the Obama Administration.[24] We have a president who is a far-Left neophyte and wrong for America; and he is presiding over a presidency that almost surely will get dramatically worse with the passage of time.  And we have a lovable but utter buffoon for vice president, who is a pathological liar and the laughingstock of the world, and who makes former Vice President Spiro Agnew look brilliant by comparison.[25]

With respect to Afghanistan, at the same time that Obama announced the deployment of an additional 30,000 American troops, he said the U.S. would begin pulling out by July of 2011—just before his anticipated reelection campaign begins in earnest[26], and only one year after our forces will have been deployed fully.  If implemented, it would be tantamount to conceding the country to our enemies sometime in 2011; and it would result in the shedding of American blood and that of our allies for nothing, like Vietnam.

While Obama may be in the process of jettisoning that unrealistic timeline, his thought processes are not surprising because he is an anti-war politician who never served in the U.S. military, and he knows nothing about running a war.  His goals—which never refer to the possibility of “victory” in Afghanistan—are designed to appease his political soul mates and constituency, America’s anti-war far-Left.  He is focused on an “exit strategy” instead of winning.  He has not been successful at running anything, ever[27]; and it is unlikely that Afghanistan will be an exception.  Since when does a failed, anti-war, far-Left “community organizer” from Chicago, who was raised in Hawaii and Indonesia, know how to run a war, much less successfully?

Independents and Republicans helped elect Obama and Democrat candidates in 2008; and they  joined with “disenchanted” Democrats and members of the Tea Party movement in November of 2010 to produce an opposite result.  The combination of Afghanistan—which is apt to be Obama’s Vietnam—and growing economic problems may doom his presidency, just as similar issues converged to deny Lyndon Johnson’s reelection in 1968.  Like John F. Kennedy before him, who inspired so many people and caused legions to enter politics, Obama has feet of clay and is dashing Americans’ dreams and political fantasies.[28]

In the final analysis, it is increasingly clear that Obama is a fad and a feckless naïf, and a tragic Shakespearean figure who will be forgotten and consigned to the dustheap of history—unless he tragically alters the course of American history.  His naïveté is matched by his overarching narcissism; and he is more starry-eyed and “dangerous” than Jimmy Carter.  Indeed, it is likely that his presidency will be considered a sad and tragic watershed in history; and the American people are recognizing this more and more with each day that passes.[29] Hopefully he chooses to end his political career with dignity by not running for reelection in 2012, instead of continuing to drag this great nation down with him.[30]

© 2010, Timothy D. Naegele


[1] Timothy D. Naegele was counsel to the United States Senate’s Committee on Banking, Housing, and Urban Affairs, and chief of staff to Presidential Medal of Freedom and Congressional Gold Medal recipient and former U.S. Senator Edward W. Brooke (R-Mass).  He practices law in Washington, D.C. and Los Angeles with his firm, Timothy D. Naegele & Associates, which specializes in Banking and Financial Institutions Law, Internet Law, Litigation and other matters (see www.naegele.com and http://www.naegele.com/naegele_resume.html).  He has an undergraduate degree in economics from UCLA, as well as two law degrees from the School of Law (Boalt Hall), University of California, Berkeley, and from Georgetown University.  He is a member of the District of Columbia and California bars.  He served as a Captain in the U.S. Army, assigned to the Defense Intelligence Agency at the Pentagon, where he received the Joint Service Commendation Medal.  Mr. Naegele is an Independent politically; and he is listed in Who’s Who in America, Who’s Who in American Law, and Who’s Who in Finance and Business. He has written extensively over the years (see, e.g.www.naegele.com/whats_new.html#articles), and can be contacted directly at tdnaegele.associates@gmail.com

[2] See https://naegeleblog.wordpress.com/2010/01/20/the-end-of-barack-obama [Please note: the postings beneath this article are important as well]; see also https://naegeleblog.wordpress.com/2010/11/12/sarah-and-todd-palin-the-big-winners and https://naegeleblog.wordpress.com/2010/03/31/the-rise-of-independents/ and https://naegeleblog.wordpress.com/2010/09/01/the-speech—is-barack-obama-smoking-pot-again/ and https://naegeleblog.wordpress.com/2010/01/01/barack-obama-america’s-second-emperor/

[3] See, e.g., http://www.americanbanker.com/issues/173_212/-365185-1.html and http://www.realclearpolitics.com/news/tms/politics/2009/Apr/08/euphoria_or_the_obama_depression_.html and http://www.philstockworld.com/2009/10/11/greenspan’s-legacy-more-suffering-to-come/ and https://naegeleblog.wordpress.com/2009/12/16/the-great-depression-ii/ and https://naegeleblog.wordpress.com/2010/04/23/is-financial-reform-simply-washingtons-latest-boondoggle/ and https://naegeleblog.wordpress.com/2010/05/16/will-the-eus-collapse-push-the-world-deeper-into-the-great-depression-ii/ and https://naegeleblog.wordpress.com/2010/09/27/the-economic-tsunami-continues-its-relentless-and-unforgiving-advance-globally

[4] See, e.g., https://naegeleblog.wordpress.com/2010/09/09/are-afghanistan-iraq-and-pakistan-hopeless-and-is-the-spread-of-radical-islam-inevitable-and-is-barack-obama-finished-as-americas-president/ and https://naegeleblog.wordpress.com/2009/12/26/obama-in-afghanistan-doomed-from-the-start/

[5] See https://naegeleblog.wordpress.com/2009/12/05/is-barack-obama-a-racist/

[6] See, e.g., https://naegeleblog.wordpress.com/2010/01/19/emp-attack-only-30-million-americans-survive/

[7] In his book, “Dreams from My Father,” Obama wrote:

Junkie.  Pothead.  That’s where I’d been headed: the final, fatal role of the young would-be black man.

See Obama, “Dreams from My Father” (paperback “Revised Edition,” published by Three Rivers Press, 2004), p. 93; see also pp. 120, 270; https://naegeleblog.wordpress.com/2009/12/05/is-barack-obama-a-racist/.

Regardless of whether he has taken illegal drugs or not since his college years, he is occupying our White House; and sooner or later, stories will trickle out about the time he has spent there.

[8] See http://www.washingtonpost.com/wp-dyn/content/article/2010/11/12/AR2010111202846.html; see also https://naegeleblog.wordpress.com/2010/01/20/the-end-of-barack-obama/#comment-974

[9] See http://www.quinnipiac.edu/x1295.xml?ReleaseID=1538; see also https://naegeleblog.wordpress.com/2010/01/20/the-end-of-barack-obama/#comment-999

[10] See http://www.dickmorris.com/blog/obama-may-face-left-wing-primary/; see also https://naegeleblog.wordpress.com/2010/01/20/the-end-of-barack-obama/#comment-968 and https://naegeleblog.wordpress.com/2010/11/12/sarah-and-todd-palin-the-big-winners/ (“[I]t is not beyond the pale to believe that two women might face off for the American presidency in 2012, Sarah Palin and Hillary Clinton, which would be historic!”)

[11] See https://naegeleblog.wordpress.com/2009/12/05/is-barack-obama-a-racist/ and Obama, “Dreams from My Father” (paperback “Revised Edition,” published by Three Rivers Press, 2004).

[12] Paul Krugman has written a New York Times’ article entitled, “The Third Depression,” which states:

Recessions are common; depressions are rare. As far as I can tell, there were only two eras in economic history that were widely described as “depressions” at the time: the years of deflation and instability that followed the Panic of 1873 and the years of mass unemployment that followed the financial crisis of 1929-31.

. . .

We are now, I fear, in the early stages of a third depression. It will probably look more like the Long Depression than the much more severe Great Depression. But the cost—to the world economy and, above all, to the millions of lives blighted by the absence of jobs—will nonetheless be immense.

. . .

[T]he recession brought on by the financial crisis arguably ended last summer.

But future historians will tell us that this wasn’t the end of the third depression, just as the business upturn that began in 1933 wasn’t the end of the Great Depression.  . . .  [B]oth the United States and Europe are well on their way toward Japan-style deflationary traps.

See http://www.nytimes.com/2010/06/28/opinion/28krugman.html

This conclusion is consistent with the thesis of articles that I have written and interview responses that I have given; namely, we are in the midst of the “Great Depression II”—certainly in terms of the 20th and 21st Centuries—which will continue to unfold during at least the balance of this decade.  See infra n.3.

Krugman added:

As far as rhetoric is concerned, the revival of the old-time religion is most evident in Europe, where officials seem to be getting their talking points from the collected speeches of Herbert Hoover, up to and including the claim that raising taxes and cutting spending will actually expand the economy, by improving business confidence. As a practical matter, however, America isn’t doing much better. The Fed seems aware of the deflationary risks—but what it proposes to do about these risks is, well, nothing. The Obama administration understands the dangers of premature fiscal austerity—but because Republicans and conservative Democrats in Congress won’t authorize additional aid to state governments, that austerity is coming anyway, in the form of budget cuts at the state and local levels.

Why the wrong turn in policy? The hard-liners often invoke the troubles facing Greece and other nations around the edges of Europe to justify their actions. And it’s true that bond investors have turned on governments with intractable deficits. But there is no evidence that short-run fiscal austerity in the face of a depressed economy reassures investors. On the contrary: Greece has agreed to harsh austerity, only to find its risk spreads growing ever wider; Ireland has imposed savage cuts in public spending, only to be treated by the markets as a worse risk than Spain, which has been far more reluctant to take the hard-liners’ medicine.

It’s almost as if the financial markets understand what policy makers seemingly don’t: that while long-term fiscal responsibility is important, slashing spending in the midst of a depression, which deepens that depression and paves the way for deflation, is actually self-defeating.

So I don’t think this is really about Greece, or indeed about any realistic appreciation of the tradeoffs between deficits and jobs. It is, instead, the victory of an orthodoxy that has little to do with rational analysis, whose main tenet is that imposing suffering on other people is how you show leadership in tough times.

And who will pay the price for this triumph of orthodoxy?  The answer is, tens of millions of unemployed workers, many of whom will go jobless for years, and some of whom will never work again.

Amen.  Where I differ with Krugman is that his solution is more Keynesian governmental spending, with the goal of spending our way to prosperity.  As stated in articles that I have written and interview responses that I have given, the economic tsunami that Alan Greenspan unleashed has been rolling worldwide, with no end in sight.  At most, government policies can affect it at the margins—because it will run its course, essentially oblivious to government intervention.  Where and when it stops, no one knows.  Originally I predicted the 2017-2019 time frame, but it may take longer than that because of misguided and wasteful government “tinkering.”

In an editorial entitled, “The Keynesian Dead End,” the Wall Street Journal concluded that spending our way to prosperity is going out of style—and the editorial essentially rebuts the solution that Krugman recommended:

For going on three years, the developed world’s economic policy has been dominated by the revival of the old idea that vast amounts of public spending could prevent deflation, cure a recession, and ignite a new era of government-led prosperity. It hasn’t turned out that way.

. . .

The response at the White House and among Congressional leaders has been . . . Stimulus III. While talking about the need for “fiscal discipline” some time in the future, President Obama wants more spending today to again boost “demand.” Thirty months after [Obama economic adviser Larry] Summers won his first victory, we are back at the same policy stand.

The difference this time is that the Keynesian political consensus is cracking up. In Europe, the bond vigilantes have pulled the credit cards of Greece, Portugal and Spain, with Britain and Italy in their sights. Policy makers are now making a 180-degree turn from their own stimulus blowouts to cut spending and raise taxes. The austerity budget offered this month by the new British government is typical of Europe’s new consensus.

To put it another way, Germany’s Angela Merkel has won the bet she made in early 2009 by keeping her country’s stimulus far more modest. We suspect Mr. Obama will find a political stonewall this weekend in Toronto when he pleads with his fellow leaders to join him again for a spending spree.

Meanwhile, in Congress, even many Democrats are revolting against Stimulus III. The original White House package of jobless benefits and aid to the states had to be watered down several times, and the latest version failed again in the Senate late this week.  . . .  Mr. Obama is having his credit card pulled too—not by the bond markets, but by a voting public that sees the troubles in Europe and is telling pollsters that it doesn’t want a Grecian bath.

The Journal adds:

The larger lesson here is about policy. The original sin—and it was nearly global—was to revive the Keynesian economic model that had last cracked up in the 1970s, while forgetting the lessons of the long prosperity from 1982 through 2007. The Reagan and Clinton-Gingrich booms were fostered by a policy environment for most of that era of lower taxes, spending restraint and sound money. The spending restraint began to end in the late 1990s, sound money vanished earlier this decade, and now Democrats are promising a series of enormous tax increases.

Notice that we aren’t saying that spending restraint alone is a miracle economic cure. The spending cuts now in fashion in Europe are essential, but cuts by themselves won’t balance annual deficits reaching 10% of GDP. That requires new revenues from faster growth, and there’s a danger that the tax increases now sweeping Europe will dampen growth further.

President Obama’s tragic mistake was to blow out the U.S. federal balance sheet on spending that has produced little bang for the buck. . . .

With the economy in recession in 2008 and 2009, we argued that some stimulus was justified and an increase in the deficit was understandable and inevitable. However, we also argued that permanent tax cuts aimed at marginal individual and corporate tax rates would have done far more to revive animal spirits, and in our view would have led to a far more robust recovery. . . .

What the world has now reached instead is a Keynesian dead end. We are told to let Congress continue to spend and borrow until the precise moment when Summers and Mark Zandi and the other architects of our current policy say it is time to raise taxes to reduce the huge deficits and debt that their spending has produced. Meanwhile, individuals and businesses are supposed to be unaffected by the prospect of future tax increases, higher interest rates, and more government control over nearly every area of the economy. Even the CEOs of the Business Roundtable now see the damage this is doing.

A better economic policy will have to await a new Congress, which we hope at a minimum can prevent punishing tax increases. But for now the good news is that voters and markets are telling politicians to stop doing what hasn’t worked.

See http://online.wsj.com/article/SB10001424052748703615104575328981319857618.html?mod=WSJ_hp_mostpop_read

Thus, economic “thinkers” continue to flail around, while the Great Depression II takes its toll in terms of horrendous human suffering worldwide, with no end in sight.

[13] See https://naegeleblog.wordpress.com/2010/04/23/is-financial-reform-simply-washingtons-latest-boondoggle/

[14] See http://www.rasmussenreports.com/public_content/politics/current_events/healthcare/health_care_law

[15] See, e.g.https://naegeleblog.wordpress.com/2010/02/09/russias-putin-is-a-killer/ and https://naegeleblog.wordpress.com/2010/02/09/russias-putin-is-a-killer/#comment-1014

[16] See, e.g.https://naegeleblog.wordpress.com/2010/02/20/israels-senseless-killings-and-war-with-iran/ [Please note: the postings beneath this article are important as well]

[17] See http://www.spiegel.de/international/world/0,1518,723814,00.html

[18] In his announcement with respect to McChrystal, Obama stated:

I don’t make this decision based on any difference in policy with Gen. McChrystal, as we are in full agreement about our strategy. Nor do I make this decision out of any sense of personal insult.

See http://blogs.wsj.com/washwire/2010/06/23/obama-on-mcchrystal-nothing-personal/

It has been said before, and it bears repeating, that if one wishes to watch Barack Obama lie, all one needs to do is watch his lips move.

[19] See, e.g., http://www.dickmorris.com/blog/2010/07/28/leaked-report-hurts-obama/#more-1230 (“Having already lost all Republicans and almost all independents, Obama is shedding Democrats these days.  . . .  [W]hile liberals have increasing reason to question Obama’s performance on their litmus-test issues, they also have increasing cause to wonder at his competence”).

[20] He is not evil in the sense of being the “antichrist,” as some would suggest, but evil in the sense of leading the United States in the wrong direction and having lied to the American people in the process of doing so.  As stated previously:

It has been said: “Jimmy Carter may be heading to #2 on the [list of] all-time worst presidents in American history, thanks to ‘O.’” This is an understatement.  When history is written, Barack Obama may be hated more than George W. Bush has been by the Democrats, more than Bill and Hillary Clinton have been hated by the Republicans, more than Nixon was hated by the Democrats, and even more than Johnson was hated by a broad swath of the American electorate . . . and the list goes on and on.  Obama may emerge as the most hated president in history.

See https://naegeleblog.wordpress.com/2010/01/20/the-end-of-barack-obama

[21] With McChrystal’s military career at an end, there will be nothing to prevent him from lashing out at Obama and telling the truth (e.g., in memoirs released shortly before the 2012 presidential elections, which tell the unvarnished truth about Obama’s handling of the war in Afghanistan and sear Obama in explicit terms):

Obama seemed to suggest that McChrystal’s military career is over, saying the nation should be grateful “for his remarkable career in uniform” as if that has drawn to a close.

McChrystal left the White House after the meeting and returned to his military quarters at Washington’s Fort McNair.

See http://www.msnbc.msn.com/id/37866754/ns/us_news-military/

Former adviser to President Bill Clinton and political pundit Dick Morris adds:

Relieving the general of command sends a message that Obama is thin-skinned, arrogant, and easily offended.

Coming at the same time that the failure of the Obama Administration to clean up the oil spill in the Gulf is already rankling liberal voters, the McChrystal comments will add to their doubts about Obama. They already are against his decision to send additional troops there and have long believed that we should not be fighting in Afghanistan. By calling attention to how badly the war is going and the disarray in the president’s foreign policy apparatus, the McChrystal interview can only highlight and underscore these concerns and further dampen liberal enthusiasm for Obama.

Neither the oil spill nor the Afghan War will drive any liberals to vote for conservatives or induce Democrats to vote Republican. But they both will hold down Democratic turnout and reinforce cynicism about the Obama presidency on the left. Those initially attracted by Obama’s charisma will be driven away by these twin failures.

The Democratic Party is really a synthesis of environmentalists and peace advocates with a few gay rights activists and public employee unions thrown in. Now, Obama has alienated both the green and the anti-war segments of the party. And the continuing spillage from the Gulf oil well and from the General’s mouth will further damage his standing with his political base.

Whatever the fate of General McChrystal or of the American involvement in the war, the mounting casualty lists will drag down Obama’s prospects in November still further and depress his ratings in the days ahead.

See http://www.dickmorris.com/blog/2010/06/23/mcchrystals-attack-hurts-obamas-left-wing-base/#more-1096

[22] See https://naegeleblog.wordpress.com/2009/12/05/is-barack-obama-a-racist/

While some of his far-Left “true believers” may have read the book and agreed with his core beliefs, the majority of Americans did not; and they had no idea how much his future policies would differ from what they perceived as the mainstream views that he was espousing on the campaign trail.

[23] For example, the author Michael Hastings writes:

The general’s staff is a handpicked collection of killers, spies, geniuses, patriots, political operators and outright maniacs . . . , and they pride themselves on their can-do attitude and their disdain for authority.

. . .

[McChrystal] also set a manic pace for his staff, becoming legendary for sleeping four hours a night, running seven miles each morning, and eating one meal a day. (In the month I spend around the general, I witness him eating only once.) It’s a kind of superhuman narrative that has built up around him, a staple in almost every media profile, as if the ability to go without sleep and food translates into the possibility of a man single-handedly winning the war.

See “The Runaway General” by Michael Hastings, Rolling Stone (June 22, 2010), http://www.rollingstone.com/politics/news/17390/119236#

Barack Obama is quoted by the national media as having said that the article showed “poor judgment,” and that he wanted to talk with McChrystal before making any decision about whether he should remain the U.S. commander in Afghanistan.

See, e.g., http://www.politico.com/news/stories/0610/38837.html and http://online.wsj.com/article/SB10001424052748704853404575322354071542896.html?mod=WSJ_hpp_MIDDLENexttoWhatsNewsTop

While it was surprising that McChrystal gave the Rolling Stone any access, much less seemingly unfettered access to his innermost thoughts and beliefs—especially given the Rolling Stone‘s reputation—the fact is that he did, and he and his staff spoke their minds, and their words are now part of American history.

The article adds:

After arriving in Afghanistan last June, [McChrystal] conducted his own policy review, ordered up by Defense Secretary Robert Gates. The now-infamous report was leaked to the press, and its conclusion was dire: If we didn’t send another 40,000 troops—swelling the number of U.S. forces in Afghanistan by nearly half—we were in danger of “mission failure.” The White House was furious. McChrystal, they felt, was trying to bully Obama, opening him up to charges of being weak on national security unless he did what the general wanted. It was Obama versus the Pentagon, and the Pentagon was determined to kick the president’s ass.

. . .

Obama has quietly begun to back away from the deadline he set for withdrawing U.S. troops in July of next year. The president finds himself stuck in something even more insane than a quagmire: a quagmire he knowingly walked into, even though it’s precisely the kind of gigantic, mind-numbing, multigenerational nation-building project he explicitly said he didn’t want.

It is reminiscent of “Brer Rabbit And The Tar Baby,” and Afghanistan is becoming Obama’s “tar pit.”

See, e.g.http://en.wikisource.org/wiki/Uncle_Remus%3A_His_Songs_and_His_Sayings/The_Wonderful_Tar-Baby_Story

The article continues:

In private, Team McChrystal likes to talk shit about many of Obama’s top people on the diplomatic side. One aide calls Jim Jones, a retired four-star general and veteran of the Cold War, a “clown” who remains “stuck in 1985.” Politicians like McCain and Kerry, says another aide, “turn up, have a meeting with Karzai, criticize him at the airport press conference, then get back for the Sunday talk shows. Frankly, it’s not very helpful.” Only Hillary Clinton receives good reviews from McChrystal’s inner circle. “Hillary had Stan’s back during the strategic review,” says an adviser. “She said, ‘If Stan wants it, give him what he needs.'”

. . .

 

At one point on his trip to Paris, McChrystal checks his BlackBerry. “Oh, not another e-mail from [Special Representative to Afghanistan Richard] Holbrooke,” he groans. “I don’t even want to open it.” He clicks on the message and reads the salutation out loud, then stuffs the BlackBerry back in his pocket, not bothering to conceal his annoyance.

“Make sure you don’t get any of that on your leg,” an aide jokes, referring to the e-mail.

. . .

When it comes to Afghanistan, history is not on McChrystal’s side. The only foreign invader to have any success here was Genghis Khan—and he wasn’t hampered by things like human rights, economic development and press scrutiny.

. . .

The very people that [McChrystal’s military strategy known as counterinsurgency, or] COIN seeks to win over—the Afghan people—do not want us there.  . . .  There is a reason that President Obama studiously avoids using the word “victory” when he talks about Afghanistan. Winning, it would seem, is not really possible. Not even with Stanley McChrystal in charge.

The media and politicians like Barack Obama said the same thing about George W. Bush’s—and David Petraeus’—”surge” in Iraq, and they were mistaken.

[24] The highly-respected Rasmussen polling organization found in results that were released on June 25, 2010:

Forty-seven percent (47%) of U.S. voters agree that it was appropriate for President Obama to fire America’s top commander in Afghanistan this week, according to a new Rasmussen Reports national telephone survey.

Thirty-six percent (36%) disagree and say the president should not have removed General Stanley McChrystal from his command. Another 17% are not sure.

Just 32%, however, believe it was appropriate for McChrystal to criticize the president and other top U.S. officials in an interview with Rolling Stone magazine. Fifty percent (50%) feel the general’s public comments were not appropriate. Nearly one-out-of-five voters (18%) are undecided.

Publication of that interview prompted the president to call McChrystal back to Washington and, during a private White House meeting, to accept his resignation. Obama then announced that General David Petraeus, who commanded U.S. troops in Iraq in 2007 and 2008, will take his place.

Forty-seven percent (47%) view the naming of Petraeus as the new top commander in Afghanistan as good for the U.S. war effort there. Only nine percent (9%) say it’s a bad move, while 30% think it will have no impact. Fourteen percent (14%) aren’t sure.

Voter confidence in the course of the war in Afghanistan has been falling in recent weeks. Just 41% of voters now believe it is possible for the United States to win the nearly nine-year-old war in Afghanistan. Thirty-six percent (36%) disagree and say it is not possible for America to win the war. Another 23% are not sure.

See http://www.rasmussenreports.com/public_content/politics/obama_administration/june_2010/47_support_obama_s_decision_to_fire_mcchrystal_36_oppose

[25] In an editorial entitled, “The Petraeus Hail Mary,” the Wall Street Journal pointed out the divisive effect that Biden has had with respect to American policies and their implementation in Afghanistan.  Biden has been a “loose canon,” who was fully capable of fabricating facts if not engaging in outright lies.

See http://online.wsj.com/article/SB10001424052748704629804575325073086949444.html?mod=WSJ_Opinion_LEADTop (“Mr. Obama said yesterday that no one individual is indispensable in war, but if any single person is, it is a President. Mr. Obama too often gives the impression of a leader asking, ‘Won’t someone rid me of this damn war?'”); see also https://naegeleblog.wordpress.com/2009/12/26/obama-in-afghanistan-doomed-from-the-start/#comment-169

Former President Bill Clinton was reluctant to take on the military politically, and wisely so—much to the chagrin of his far-Left constituents, some of whom believe America does not need to be strong militarily.  As I have stated before: “America’s economic and military strength go hand in hand. Both are indispensable ingredients of our great nation’s future strength.”

See http://www.realclearpolitics.com/news/tms/politics/2009/Apr/08/euphoria_or_the_obama_depression_.html

[26] If Obama’s presidency does not end before 2012, it is likely that he will not run for reelection, just as Truman declined to run in the midst of the Korean War, and Lyndon Johnson declined to run in the midst of the Vietnam War.

[27] See, e.g., http://dyn.politico.com/printstory.cfm?uuid=1FF04086-18FE-70B2-A8502AE14AB8C592 and https://naegeleblog.wordpress.com/2009/12/05/is-barack-obama-a-racist/

[28] See, e.g., https://naegeleblog.wordpress.com/2010/10/04/john-f-kennedy-the-most-despicable-president-in-american-history/ and https://naegeleblog.wordpress.com/2010/03/20/ronald-reagan-and-john-f-kennedy-a-question-of-character

[29] Also, there is the issue of personal Obama family extravagances at the expense of U.S. taxpayers, especially at a time when so many Americans are suffering.  See, e.g.http://www.dailymail.co.uk/news/worldnews/article-1298063/Michelle-Obama-takes-daughter-Sasha-Spanish-getaway–leaves-birthday-boy-Barack-behind.html (“Michelle Obama is set to holiday with daughter Sasha on Spain’s Costa del Sol.  . . .  Mrs Obama . . .  has reserved 30 rooms at a five-star hotel”)

[30] Lyndon Johnson chose not to run for reelection in 1968; and Obama advised New York Congressman Charles Rangel to end his political career with dignity as well.  Hopefully he follows his own advice.

See http://www.politico.com/blogs/bensmith/0710/Obama_Time_for_Rangel_to_end_career_with_dignity.html





Sarah And Todd Palin: The Big Winners?

12 11 2010

By Timothy D. Naegele[1]

The biggest winners in the 2010 American elections may prove to be former Vice Presidential candidate and Alaska Governor Sarah Palin, and her husband Todd.  She became the darling of the Tea Party movement, which energized the moribund Republican Party and may decide its future—and that of its “establishment.”  While there is a long list of other potentially-strong GOP candidates, the often-outspoken Sarah Palin has “caught fire” and connects with her audiences like few politicians can.[2] Barack Obama did this prior to the 2008 elections, but he has lost his luster and credibility, and faded.[3]

Palin has established herself as a force to be feared and reckoned with in Republican politics, and is formidable.  As Michael D. Shear noted in the New York Times:

Ms. Palin wasn’t on any ballot. But the self-described “Mama Grizzly” had plenty at stake  . . .  as she sought to bolster her credentials as the Republican Party’s most powerful kingmaker and the voice of the newly empowered Tea Party movement. Ms. Palin was anything but timid in the midterm elections, endorsing dozens of candidates, including in some of the most high-profile races.[4]

Indeed, most candidates won whom Sarah Palin had endorsed—resulting in “plenty of victories that Ms. Palin and her allies have already begun to point to as evidence of her political prowess and her ability to shape and direct the unwieldy frustration that is fueling American politics.”[5] A political analyst for CBS News, Nicolle Wallace, stated: “My observation of Sarah Palin is that she is one of the shrewdest political figures in our country at this moment.  She’s also one of the most electric.”[6]

Germany’s SPIEGEL ONLINE observed:

“If there was one true victor on election night  . . .  it was the Tea Party movement. . . .  What matters now is whether the Tea Party can manage to establish itself as an independent power in Washington, as a voice of dissent next to the Republicans—in order to profit even more from the wave of dissatisfaction that is sweeping the land.”

“Then anything would be possible in two years. Even the prospect of the former governor of Alaska, Sarah Palin, as the first female president of the United States.”[7]

If Sarah Palin is a winner, one might ask: why include Todd Palin too?  Because he is a man’s man; and for many men such as yours truly, the Palins are running as a team—as they did in Alaska—and Todd adds legitimacy to Sarah Palin’s candidacy and potentially brings in male voters.  For far-Left and mainstream Democrats alike, especially women, Hillary Clinton provided legitimacy to Bill Clinton’s runs for the presidency, amidst almost non-stop allegations of peccadillos, adultery and worse.

As the 2012 elections loom, and as Barack Obama’s presidency effectively ends[8], Hillary and Bill Clinton represent a team to which many Democrats may flock once again.  For members of the Tea Party movement and Republicans and “disenchanted” Democrats, the Palins represent a breath of fresh air too.  Indeed, it is not beyond the pale to believe that two women might face off for the American presidency in 2012, Sarah Palin and Hillary Clinton, which would be historic!

© 2010, Timothy D. Naegele


[1] Timothy D. Naegele was counsel to the United States Senate’s Committee on Banking, Housing, and Urban Affairs, and chief of staff to Presidential Medal of Freedom and Congressional Gold Medal recipient and former U.S. Senator Edward W. Brooke (R-Mass).  He practices law in Washington, D.C. and Los Angeles with his firm, Timothy D. Naegele & Associates, which specializes in Banking and Financial Institutions Law, Internet Law, Litigation and other matters (see www.naegele.com and http://www.naegele.com/naegele_resume.html).  He has an undergraduate degree in economics from UCLA, as well as two law degrees from the School of Law (Boalt Hall), University of California, Berkeley, and from Georgetown University.  He is a member of the District of Columbia and California bars.  He served as a Captain in the U.S. Army, assigned to the Defense Intelligence Agency at the Pentagon, where he received the Joint Service Commendation Medal.  Mr. Naegele is an Independent politically; and he is listed in Who’s Who in America, Who’s Who in American Law, and Who’s Who in Finance and Business. He has written extensively over the years (see, e.g., http://www.naegele.com/whats_new.html#articles), and can be contacted directly at tdnaegele.associates@gmail.com

[2] Right after the 2010 elections, the Rasmussen polling organization released the following results, looking ahead to the 2012 elections:

On the Republican side, it’s a dead heat between the ex-governors—Mitt Romney of Massachusetts, Mike Huckabee of Arkansas and Sarah Palin of Alaska, according to a new Rasmussen Reports national telephone survey of Likely GOP Primary voters.

Asked who they would vote for if the Republican presidential primary were held today, 20% say Romney, 19% Huckabee and another 19% Palin. . . .

Romney and Palin are tied among male GOP voters, while Huckabee has a slight edge among female voters.

In October 2009 when Likely Republican primary voters were given a choice of five potential presidential nominees, Huckabee led with 29% support, followed by Romney with 24% of the vote and Palin at 18%.

Rounding out the list of seven candidates chosen by Rasmussen Reports for the question, with their levels of support, are former House Speaker Newt Gingrich (13%), Minnesota Governor Tim Pawlenty (6%), Texas Congressman Ron Paul (5%) and Indiana Governor Mitch Daniels (3%).  Seven percent (7%) prefer some other candidate, and eight percent (8%) are undecided.

See http://www.rasmussenreports.com/public_content/politics/general_politics/november_2010/gop_voters_like_three_candidates_best_for_2012

Thus, Sarah Palin has moved up in the polling results; and the full effects of Tea Party-supporter voting in the GOP primaries may not be reflected in the Rasmussen polling data.

[3] See, e.g., https://naegeleblog.wordpress.com/2010/01/20/the-end-of-barack-obama (see postings beneath the article as well)

[4] See http://thecaucus.blogs.nytimes.com/2010/11/03/palin-proves-that-mama-grizzly-has-bite/

[5] See id; see also http://www.usatoday.com/life/television/news/2010-11-12-1Apalin12_CV_N.htm

[6] See http://www.cbsnews.com/stories/2010/11/03/earlyshow/main7017707.shtml

Among the winners whom Palin endorsed: John Boozman of Arkansas for the U.S. Senate; Rand Paul of Kentucky for the Senate; Kelly Ayotte of New Hampshire (which holds the first presidential primary) for the Senate; Pat Toomey of Pennsylvania for the Senate; Susana Martinez of New Mexico for governor (who may prove helpful with the growing block of Hispanic voters); and Nikki Haley of South Carolina for governor (who may be helpful when Palin’s presidential campaign moves to South Carolina).

As the New York Times’ Michael D. Shear points out, there were losers too:

In Delaware, Ms. Palin all but created the Tea Party candidate Christine O’Donnell, helping thrust the young woman onto the national political stage over the strenuous objections of the Republican elite in Washington. And in the end, Ms. O’Donnell never had a chance, handing what most likely would have been a Republican Senate seat to Democrats.

And in Nevada, Republican celebration was muted when their top target—Harry Reid, the Senate’s majority leader—handily defeated Ms. Palin’s chosen candidate, Sharron Angle, to return to Washington.

In Ms. Palin’s home state, Alaska, political turmoil still reigns thanks to her support of Joe Miller, the Tea Party favorite who defeated Senator Lisa Murkowski in the state’s  Republican primary this year. But with “write-ins” leading Mr. Miller, Ms. Murkowski may retain her seat.

Still, as potential 2012 presidential contenders begin lining up support and cashing in chits, Ms. Palin will have plenty of places to look for support. In addition to the Senate and governors’ races, there are dozens of lesser-known House candidates who had earned her blessing.

See http://thecaucus.blogs.nytimes.com/2010/11/03/palin-proves-that-mama-grizzly-has-bite/

[7] See http://www.spiegel.de/international/world/0,1518,727235,00.html

[8] See, e.g., https://naegeleblog.wordpress.com/2010/01/20/the-end-of-barack-obama (see postings beneath the article as well)





Barack Obama: America’s Second Emperor?

1 01 2010

By Timothy D. Naegele[1]

Just days after announcing the surge of 30,000 more U.S. troops in his Afghan war, Barack Obama was in Oslo to accept the Nobel Peace Prize that was announced shortly after he became president—before he had done anything.  Next, he was in Copenhagen accepting a deal without any teeth to address “global warming,” in the midst of a blizzard that dumped snow on the Danish capital, suggesting to most people that the issue is a “hoax.”

Straddling his back-to-back trips to Europe, he was in Washington, D.C.—where he was met by a blizzard on his return from Denmark—pushing for the enactment of ObamaCare that Americans oppose[2].  The legislation is so reckless that it had to be rammed through the U.S. Senate on a partisan vote.  Also, the Democrats’ leadership hid the exact nature of the health care bill from senators, who surely had a right to know what they were voting for.

Then the president jetted off to spend the holidays in Hawaii[3], having irresponsibly saddled the people with ObamaCare—after the legislation clears a joint Senate-House conference committee and he signs some version of it into law—which is reprehensible, certainly with respect to its impact on Medicare patients[4].  His recent travels alone create a carbon footprint globally that boggles the mind, especially when so many Americans are suffering from an economic meltdown that shows few real signs of abating.  Indeed, 49 States have lost jobs since his so-called “Stimulus Package” was enacted.[5]

His popularity poll numbers have been plummeting[6], but he is seemingly oblivious to the will of the people and determined to remake the United States and the world in his own image.  Never mind that his life was shaped by years growing up in Hawaii and Indonesia, he is bent on changing this country.  He did not set foot on the American mainland until he attended Occidental College in Los Angeles and Columbia University in New York City; and when he did so, he was a druggie—according to his own admissions[7].

He ignores a super-majority of Americans who believe warming and cooling are natural phenomena that have occurred in cycles on this planet for millions of years.  Science and common sense tell us that some of the coldest temperatures recorded to date have occurred in recent years.[8] Yet, in remarks prepared for delivery in Denmark, he called on heads of state and other attendees to forge a deal, warning that “[u]nchecked, climate change will pose unacceptable risks to our security, our economies, and our planet.  This much we know.”[9]

What we know for certain is that scientific studies support the opposite conclusion, namely that “global warming” is a hoax; and they have been suppressed and their authors have been intimidated.  Also, the leaders who arrived in Copenhagen did so on private jets, and they commandeered a fleet of limousines in the midst of global economic problems—as if to thumb their noses at “commoners” worldwide who pay for their trips and lavish life styles, and say: “Let them eat cake.”

Obama is determined to close our detention center at Guantanamo Bay, Cuba, and transfer its “detainees” (or jihadists) to prisons in the continental U.S., which the American people oppose.  Also, he pushes for the trial of terrorist mastermind Khalid Sheikh Mohammed in New York City—rather than in a military tribunal—which will make a public spectacle of the event, and expose the city to more chaos and the risk of additional attacks at a time when it is still traumatized by 9/11.

His decisions on both issues are wrong and irresponsible, which was underscored by the attempted Christmas Day terrorist bombing attempt on Northwest Airlines Flight 253.[10] Earlier in the year, the president had the audacity to give himself a “B+” for his performance in office.  However, it is doubtful that a majority of Americans would give him a grade even remotely approaching that.  In fact, he has been given an “F” for protecting Americans, and criticized harshly.[11]

Obama is pursuing his war in Afghanistan, but failing to heed the advice of his generals and trying to micromanage the war on the cheap, thereby endangering the mission as well as brave members of our military—which is stretched too thin already.  They do not deserve to be hamstrung into failure by an anti-war community organizer-president, who is half-heartedly supporting the war and unable (or unwilling) to state that the goal of winning is why we are there.[12]

He is pursuing deals with Russia’s “dictator-for-life” Putin, who is a smoother version of Stalin.  Both men are known for the brutal oppression and systematic elimination of their critics.[13] Russia is no longer a super power, and it is little more than a Third World country with severe economic problems.  It should not be helped by the United States, much less coddled; and Putin should be treated as our enemy[14]. Obama has befriended Venezuela’s Chavez too, and other tinhorn dictators and enemies of America.

In 1859, Joshua Abraham Norton—better known as “Emperor Norton I,” a celebrated citizen of San Francisco—proclaimed himself “Emperor of these United States.”  He issued numerous proclamations including his “order” that the U.S. Congress be dissolved by force.[15] If there was ever an American who had regal notions of grandeur and an imperial presidency, it is Barack Obama.  His naïveté[16] has been matched by his arrogance and overarching narcissism.  Ultimately, he may be viewed as a tragic Shakespearean figure who is forgotten and consigned to the dustheap of history.

In a famous Danish fairy tale by Hans Christian Andersen, an emperor marches in a procession under a beautiful canopy wearing a new suit of clothes that does not exist, provided by two swindlers. A little child says at last: “But he has nothing on at all.”[17] Obama’s core beliefs and modus operandi are becoming clear for Americans and the world to see[18], as the first decade of the 21st Century ends ominously.  He is a mistake of potentially cataclysmic proportions.[19]

© 2010, Timothy D. Naegele


[1] Timothy D. Naegele was counsel to the U.S. Senate Banking Committee, and chief of staff to Presidential Medal of Freedom recipient and former U.S. Senator Edward W. Brooke (R-Mass), the first black senator since Reconstruction after the U.S. Civil War.  He practices law in Washington, D.C. and Los Angeles with his firm, Timothy D. Naegele & Associates (www.naegele.com).  He has an undergraduate degree in economics from UCLA, as well as two law degrees from the School of Law (Boalt Hall), University of California, Berkeley, and from Georgetown University.  He is a member of the District of Columbia and California bars.  He served as a Captain in the U.S. Army, assigned to the Defense Intelligence Agency at the Pentagon, where he received the Joint Service Commendation Medal.  Mr. Naegele is an Independent politically; and he is listed in Who’s Who in America, Who’s Who in American Law, and Who’s Who in Finance and Business. He has written extensively over the years.  See, e.g., www.naegele.com/whats_new.html#articles

[2] See http://www.rasmussenreports.com/public_content/politics/current_events/healthcare/december_2009/voter_attitudes_towards_health_care_plan_harden_58_opposed (December 30, 2009: “(“Thirty-nine percent (39%) of voters nationwide support the plan, and 58% are opposed.  That’s consistent with our weekly tracking of the issue which has found support between 38% and 41% every week from just before Thanksgiving to the end of 2009.  The new figures include 19% who Strongly Favor the plan and 46% who Strongly Oppose it.”)

[3] See, e.g., http://www.honoluluadvertiser.com/article/20091224/NEWS01/912240345/Timing++of+Obama+s+family+vacation+in+Hawaii+is++perfect+

[4] See, e.g., http://www.bloomberg.com/apps/news?pid=20601087&sid=aHoYSI84VdL0

[5] See, e.g., http://republicans.waysandmeans.house.gov/News/DocumentSingle.aspx?DocumentID=164206

[6] See, e.g., http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll

[7] See Barack Obama, “Dreams from My Father” (paperback “Revised Edition,” published by Three Rivers Press, 2004), p. 93 (“Junkie.  Pothead.  That’s where I’d been headed: the final, fatal role of the young would-be black man.”); see also pp. 120, 270; https://naegeleblog.wordpress.com/2009/12/05/is-barack-obama-a-racist/.

[8] See, e.g., http://www.guardian.co.uk/world/2009/dec/22/cold-weather-europe-death-toll; http://www.chron.com/disp/story.mpl/ap/nation/6787095.html (“[T]he Dallas-Fort Worth area was experiencing its first White Christmas in more than 80 years”); http://www.weather.com/newscenter/stormwatch (“Historic snowstorm enters the record book”); http://www.dailymail.co.uk/news/worldnews/article-1248956/Snowmageddon-brings-chaos-U-S-East-Coast-Washington-DC-braces-worst-blizzard-90-years.html (“[‘Snowmageddon’ brings] the heaviest snowfall in [Washington, D.C.] for 90 years”)

[9] See, e.g., http://blogs.wsj.com/washwire/2009/12/18/text-of-obamas-remarks-in-copenhagen (“All of you would not be here unless you, like me, were convinced that this danger is real.  This is not fiction, this is science. Unchecked, climate change will pose unacceptable risks to our security, our economies, and our planet.  This much we know.”)

[10] See, e.g., http://online.wsj.com/article/SB126209221278008901.html?mod=WSJ_hps_MIDDLESecondNews AND http://online.wsj.com/article/SB10001424052748703278604574624503147162222.html (“Sending Gitmo’s jihadists back to this [Yemeni] maelstrom makes no security sense”)

[11] See, e.g., http://blogs.telegraph.co.uk/news/tobyharnden/100020934/barack-obama-gets-an-f-for-protecting-americans AND http://www.washingtonpost.com/wp-dyn/content/article/2009/12/31/AR2009123101744.html (“The reason the country is uneasy about the Obama administration’s response to this attack is a distinct sense of not just incompetence but incomprehension”)

[12] See, e.g., http://www.washingtonpost.com/wp-dyn/content/article/2009/12/25/AR2009122501923_pf.html (“Terms such as ‘winning’ and ‘victory’ have been eschewed by the White House.  Obama did not use either in his Dec. 1 address, and he said in an interview earlier this year that he was uncomfortable using the term ‘victory’ when fighting ‘a non-state actor, a shadowy operation like al-Qaeda.’”).

[13] See, e.g., http://www.theotherrussia.org/

[14] See, e.g., http://www.cbsnews.com/stories/2009/12/29/ap/world/main6032803.shtml

[15] See, e.g., http://en.wikipedia.org/wiki/Emperor_Norton

[16] See, e.g., http://dyn.politico.com/printstory.cfm?uuid=DEE3CCB3-18FE-70B2-A8EADFBA65A39259

[17] See, e.g., http://en.wikisource.org/wiki/The_Emperor%27s_New_Clothes

[18] See, e.g., Barack Obama, “Dreams from My Father” (paperback “Revised Edition,” published by Three Rivers Press, 2004).  See also https://naegeleblog.wordpress.com/2009/12/05/is-barack-obama-a-racist

[19] See, e.g., http://online.wsj.com/article/SB10001424052748704152804574628134281062714.html?mod=WSJ_hp_mostpop_read (“[The] patina of cosmopolitanism in President Obama’s background concealed the isolationism of the liberal coalition that brought him to power.  . . . The man who demolished the Iraqi tyranny, George. W. Bush, is no longer in power, and a different sentiment drives America’s conduct abroad.  . . . No despot fears Mr. Obama, and no blogger in Cairo or Damascus or Tehran, no demonstrator in those cruel Iranian streets, expects Mr. Obama to ride to the rescue.  . . . He had declared a unilateral end to the ‘war on terror,’ but the jihadists and their mentors are yet to call their war to a halt.  From Yemen to Fort Hood and Detroit, the terror continues.”)





Obama In Afghanistan: Doomed From The Start?

26 12 2009

By Timothy D. Naegele[1]

At the same time that President Obama announced the deployment of an additional 30,000 American troops to Afghanistan, he said the U.S. would begin pulling out by July of 2011—just before his reelection campaign begins in earnest, and only one year after our forces will have been deployed fully.  It is a political decision, and tantamount to conceding the country to our enemies sometime that year.  The president’s decisions are not surprising because he is an anti-war politician who never served in the U.S. military, and he knows nothing about running a war.  His plans are designed to appease his political soul mates and constituency, America’s anti-war far-Left.

His “dithering” for months now has undermined the support of our allies, and sent a clear signal to our enemies that he is weak and indecisive, and America is too.  The halfway measures of his new Afghan policies will not satisfy the American political Left or Right, our allies or the Afghan people—whose suffering will continue.  However, the president will have pleased our enemies, especially when he is focused on an “exit strategy” instead of winning.  It is disturbing to watch him pathetically try to micro-manage the war in Afghanistan from the White House.[2] Indeed, it smacks of Lyndon Johnson’s tragic handling of the Vietnam War that resulted in the senseless deaths of more than 58,000 Americans, and more than 150,000 who were wounded[3]; and the end of his presidency.

We began in Afghanistan militarily shortly after 9/11, and were successful in taking over the country and ousting the Taliban.  The poppy crops should have been eradicated then, so the worldwide supply of heroin would have been reduced dramatically.  The Associated Press reported on November 23, 2009: “The poppy crop in Afghanistan, which produces 90 percent of the world’s supply of opium, is linked to corruption, addiction and a drug trade that bankrolls the Taliban insurgency.”  Opium poppies are the raw ingredient in making heroin.

We should not have turned our attention to Iraq until Afghanistan was stabilized fully.  Because we directed our resources to Iraq, Afghanistan was allowed to “languish” and the Taliban were permitted to regain traction.  We have made great strides in helping the long-suffering women of Afghanistan, and that must not cease or be neglected.  Afghanistan is important to us strategically as well, because the Taliban “straddle” both Afghanistan and Pakistan; and if Afghanistan falls, Pakistan might descend into unfathomable chaos, with its nuclear arsenal falling into the hands of our enemies.

President Obama is a far-Left neophyte who is in the process of presiding over a failed presidency, which is likely to get worse with the passage of time.  General David Petraeus and other leaders in our military chain of command have endorsed General Stanley McChrystal’s requests for more troops, which according to reports involve far more than 40,000.  The president should let the military handle Afghanistan, and allow General McChrystal to do his job.

Obama has not been successful at running anything, ever; and it is unlikely that Afghanistan will be an exception.  At best he is a failed “community organizer” from Chicago, who was raised in Hawaii and Indonesia.  Just read his book, “Dreams from My Father”—which is a real eye opener—if you have any doubts.[4] His beliefs are premised on naïveté and defeat, as well as the notion that the U.S. cannot send additional troops without a plan for getting them out.  For example, the Washington Post quotes White House officials as stating: “[Obama’s] desired end state in Afghanistan envisions more informal local security arrangements than in Iraq, a less-capable national government and a greater tolerance of insurgent violence.”[5]

This is a prescription for defeat, and it sends precisely the wrong message to our enemies, who will simply wait for Obama to get weaker and for America to leave Afghanistan.  It will result in the shedding of American blood and that of our allies for nothing, like Vietnam.  Former Vice President Dick Cheney is correct when he says that the average Afghan citizen “sees talk about exit strategies and how soon we can get out, instead of talk about how we win.  Those folks . . . begin to look for ways to accommodate their enemies.  They’re worried the United States isn’t going to be there much longer and the bad guys are.”

President Obama is correct that the people of Afghanistan have endured violence for decades, which makes his exit strategy of one year after deployment so unrealistic.  A year passes in the flash of an eye; and it is not long enough to make a difference in Afghanistan.  Just imagine Franklin Delano Roosevelt saying that he would not commit U.S. troops to the war against Hitler in Europe, or the war against Japan in the Pacific, unless he had an exit strategy in place and operating one year after they were deployed.  Thank God that Obama was not in charge of the D-Day invasion of Europe, or other decision-making in World War II.  Hitler would have won, and Europe (including the UK) would be speaking German.

More and more Americans are realizing that Obama is a mistake, even though he is personable, intelligent and certainly a fine speaker.  The highly-respected Rasmussen Reports daily Presidential Tracking Poll—for December 24, 2009—shows that 43 percent of U.S. voters Strongly Disapprove of the way Obama is performing his role as president, while 27 percent Strongly Approve, giving him a negative Presidential Approval Index rating of -16.[6] That speaks volumes about where Obama and America are heading.

The president’s Afghan policies are doomed from the start because he is not sending enough troops to succeed; he has set an unrealistic exit date; Al Qaeda and the Taliban will be active and aggressive in Afghanistan long after Obama exits politics; he will not be able to hold even his own party together with respect to this issue; and like Vietnam for Lyndon Johnson, Afghanistan may prove to be Obama’s political undoing—apart from the economy, ObamaCare, national security and other vital issues.  Since when does an anti-war far-Left community organizer know how to run a war, much less successfully?

© 2009, Timothy D. Naegele


[1] Mr. Naegele was counsel to the U.S. Senate Banking Committee, and chief of staff to Presidential Medal of Freedom recipient and former U.S. Senator Edward W. Brooke (R-Mass), the first black senator since Reconstruction after the U.S. Civil War.  He practices law in Washington, D.C. and Los Angeles with his firm, Timothy D. Naegele & Associates (www.naegele.com).  He has an undergraduate degree in economics from UCLA, as well as two law degrees from the School of Law (Boalt Hall), University of California, Berkeley, and from Georgetown University.  He is a member of the District of Columbia and California bars.  He served as a Captain in the U.S. Army, assigned to the Defense Intelligence Agency at the Pentagon, where he received the Joint Service Commendation Medal.  Mr. Naegele is an Independent politically; and he is listed in Who’s Who in America, Who’s Who in American Law, and Who’s Who in Finance and Business. He has written extensively over the years.  See, e.g., www.naegele.com/whats_new.html#articles

[2] See, e.g., http://www.washingtonpost.com/wp-dyn/content/article/2009/12/25/AR2009122501923_pf.html

[3] See, e.g., http://en.wikipedia.org/wiki/United_States_casualties_of_war

[4] See Obama, “Dreams from My Father” (paperback “Revised Edition,” published by Three Rivers Press, 2004); see also https://naegeleblog.wordpress.com/2009/12/05/is-barack-obama-a-racist/

[5] See infra n.2.

[6] See http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll





Is Redemption Possible For Tiger Woods?

17 12 2009

By Timothy D. Naegele[1]

Aside from his porn “stars,” escorts and other bimbos, the issue that may totally destroy Tiger Woods is drug use and abuse, with respect to which rumors have been swirling since his “accident.”

One of America’s finest sports writers, Bill Plaschke of the Los Angeles Times, has a lead story dated December 16, 2009[2], in which he asserts that Tiger’s credibility—already eroded by marital infidelity—could evaporate entirely if there is fire to go along with the smoke generated by his reported link to a doctor who promotes performance-enhancing drugs such as HGH.  Plaschke’s comments about the alleged linkage echo a report by the New York Times.

As Plaschke writes: “If a guy is a chronic cheater off the course, what kind of leap is required to believe he could be the same sort of cheater on the course?”  The doctor, Anthony Galea, is apparently under a joint U.S.-Canadian investigation for providing athletes with such performance-enhancing drugs.  One of the athletes that has been under Galea’s care is Tiger, who was visited “at least four times” at his Florida home by the doctor.

Plaschke adds: “The public thinks, if there’s even a chance [Tiger is] guilty of running a harem while married with two young children, there’s a chance he could be guilty of anything.  Once we realize we don’t know him, then we stop trusting him.  And once we stop trusting him, then he becomes vulnerable to people ignoring the amazing flight of his ball and concentrating on the unsettling size of his neck”—a reference to the size of disgraced baseball star Barry Bonds’ neck.

Bonds is a central figure in baseball’s steroids scandal; and his agent pronounced his playing career dead on December 10, 2009, saying it is essentially impossible for Bonds to find work in baseball heading into 2010.  Today, Bonds is remembered not only for his home runs and All-Star Games and Most Valuable Player awards, but also for a federal indictment that accuses him of lying to a grand jury about knowingly using performance-enhancing drugs.

Plaschke notes with respect to Tiger: “You know what’s really recklessly irresponsible?  Dealing with a doctor who has a history of using and prescribing the banned HGH substance, that’s what.”  Clearly Tiger is a sick human being.  No “happily-married man” who cavorts with porn stars and other women with savory reputations—much less in his own home—is anything less.

His popularity is plummeting, according to the latest USA TODAY/Gallup Poll.[3] Since admitting to “infidelity,” his “favorable” rating dropped to 33 percent in the latest poll versus 85 percent from his last poll in June 2005.  His “unfavorable” rating climbed to 57 percent from 8 percent four years ago.  Tiger posted the highest popularity rating in poll history, 88 percent, when Gallup first measured him in 2000.  The swing is the largest drop between consecutive measurements since Gallup began tracking it in 1992, according to its managing editor.

The results of the USA TODAY/Gallup Poll are similar to those of the latest highly-respected Rasmussen Reports national telephone survey—announced on December 9, 2009[4]—which found that just 38 percent of Americans now have a favorable opinion of Tiger.  That is down from 56 percent, shortly after the stories first broke about his auto accident.  Two years ago, 83 percent had a favorable opinion of him.

It is not surprising that women take a harsher view of him as well.  Golf has been predominantly a men’s sport until recent years, and most women—certainly those who do not play or follow golf—probably view him as nothing more than another highly-paid athlete who got caught cheating on his wife.  What is so tragic is that golf gave Tiger an opportunity to rise to its zenith; and he has abused his family, friends, fans, sponsors, and the sport itself.

Tiger has trashed the sport of golf like no other player in its history.  Every American golf pro and others who earn a living from the sport worldwide will be hurt by his conduct.  His golf swing cannot be separated from his reckless life style.  He is a global disgrace.  However, golf will live through the Tiger Woods era and survive.  American golf existed long before anyone heard of him, and it will exist long after he is gone and nothing more than entries in the record books like Barry Bonds.

Tiger and his handlers have devised the ruse of a “hiatus” from golf because they want people to beg him to stay in the game.  An acquaintance of mine has noted: 

”It’s a shrewd political move.  It makes him sympathetic.  It makes the public and the PGA beg for his return.  His alleged ‘indefinite’ leave from the game is no such thing, nor is it designed so he can ‘work on his family issues.’  Rather it’s a cynical way to try to regain favor with the public.”

For many of us, Tiger was never a hero—just a gladiator or human “machine” that his father had fashioned, much like the gladiators who were trained for combat in ancient Rome.  Hence, we feel neither disillusioned nor betrayed, because Tiger is akin to so many other celebrities and politicians of our times, who have unbelievable feet of clay and should not be role models for anyone.  Regrettably, lots of people of all different ages apparently needed a hero and found one in Tiger.

Many of us have enjoyed the game of golf before Tiger came on the scene, where he was certainly dominant at times.  Vijay Singh and other fine golfers excelled too, and many of us applauded them, not Tiger.  What none of us really knew was that Tiger is a fraud and a sick human being, as well as the hedonistic version of the “American dream” gone haywire.

There are reports that Elin has decided to leave him after Christmas, and that she is already talking with one or more divorce lawyers.  Apparently she wants the holiday season to appear normal for her children, but will separate from him early in the New Year.  Tiger is an uncontrollable narcissist who will never change, nor can he be “fixed” by Elin or anyone else.  His marriage seems doomed regardless of what he does, which should not come as a surprise to anyone.

Bill Plaschke has noted: “As the public leaves him, so do advertisers, with global consulting firm Accenture PLC completely dumping him and Gillette pulling his commercials indefinitely.” Accenture’s termination of Tiger is presumably based on a “morals clause” in his contract.  With Gillette and AT&T phasing him out of their ads as well, which means they are dumping him—after Gatorade has dropped him already—the rest of his sponsors may follow suit.

Plaschke adds: “Woods won’t just lose all his endorsements—when was the last time you saw Barry Bonds selling anything?—but he’ll also lose his last bastion of support, his galleries.  Even those guys wearing plaid pants and [smoking] fat cigars don’t much tolerate golf cheats.  If golf fans go nuts when they think a guy is using a juiced driver, imagine what they’ll think about a juiced body.”

Also, there are reports that Team Tiger is coming apart, and that those who have guided his career in recent years may be dropped.  The real “hustlers” of Tiger are Steve Williams, his caddie; Bryon Bell, president of Tiger Woods Design; Mark Steinberg, his manager; and the other leeches who have made their living from him and knew exactly what was happening but kept taking his money.

Williams has said: “What people fail to realise is I [just] work for Tiger Woods  . . .  I am not with him 24/7.  . . .  When he is not competing, I am back in New Zealand.  I have no knowledge of what he is doing . . . .”  Williams claims the scandal has caused strife in his own marriage—perhaps because he lied to his wife like Tiger lied to Elin.

Bell allegedly arranged for the trip to Australia of Tiger’s bimbo, Rachel Uchitel, to join him at the Australian Open.  He even paid for her ticket and accompanied her on the flight.  Steinberg has been Tiger’s agent for 12 years, and the likelihood that he did not know what was happening is slim to none.  Moreover, any notion that these men failed to spot the trouble as it was developing, of course, is naïve and a fantasy.  If anything, it is likely that one or more of them served as high-class procurers or pimps for the golf legend.

When all is said and done, the media made Tiger a celebrity, and sadly it is unmaking him now.

© 2009, Timothy D. Naegele


[1] Mr. Naegele was counsel to the U.S. Senate Banking Committee; and chief of staff to Presidential Medal of Freedom recipient and former U.S. Senator Edward W. Brooke (R-Mass), the first black senator since Reconstruction after the U.S. Civil War.  He practices law in Washington, D.C. and Los Angeles with his firm, Timothy D. Naegele & Associates (www.naegele.com).  He has an undergraduate degree in economics from UCLA, as well as two law degrees from the School of Law (Boalt Hall), University of California, Berkeley, and from Georgetown University.  He is a member of the District of Columbia and California bars.  He served as a Captain in the U.S. Army, assigned to the Defense Intelligence Agency at the Pentagon, where he received the Joint Service Commendation Medal.  Mr. Naegele is an Independent politically; and he is listed in Who’s Who in America, Who’s Who in American Law, and Who’s Who in Finance and Business. He has written extensively over the years.  See, e.g., www.naegele.com/whats_new.html#articles

[2] See, e.g., http://www.latimes.com/sports/la-sp-plaschke16-2009dec16,0,3987424,full.column

[3] See, e.g., http://www.usatoday.com/sports/golf/2009-12-14-tiger-woods-gallup-poll_N.htm?loc=interstitialskip

[4] See, e.g., http://www.rasmussenreports.com/public_content/lifestyle/sports/december_2009/tiger_woods_favorables_fall_to_38