Republican Debate Highlights on Foreign Policy and National Security

Its been long since the last time I heard a candidate from the GOP really defending the values of fiscal conservatism, respect for individual freedom and a non-interventionist foreign policy for the US in a debate. I have heard it in some Democrat candidates from past debates but never in a Republican debate.  Luckily, I was happy to hear Ron Paul doing so and getting my support and applauses.

Last night, November 23th 2011, CNN, the American Enterprise Institute and the Heritage Foundation sponsored a debate on foreign policy. I leave you now with an interesting summary and some notes done by CBS of the most relevant candidates:

  • WINNERS:

Ron Paul

This was the Texas lawmaker’s strongest debate, getting lots of airtime and challenging many of his rivals about U.S. foreign policy. His views are not in the mainstream of Republican orthodoxy, but he is consistent in his beliefs and not afraid to tell voters what he really thinks. His fundraising numbers could go up in the short-term, based on his debate performance Tuesday night, even if long-term it may be hard for him to broaden his support.

Newt Gingrich

Success begets success. Newt has done well in past debates and it has helped him in the polls. With his polling success, moderators gave him more airtime, which allowed the one-time afterthought and current front-runner to show off his debating skills. He took a risk by going against conservative Republican orthodoxy on immigration, and that could backfire, but overall Gingrich showed that he has been thinking about these issues for decades. And since it was a debate focused on foreign policy, no one asked him about his relationship with mortgage giant Freddie Mac and the $1.6 million he earned, which also helped the former House speaker.

Jon Huntsman

As the former ambassador to both China and Singapore, Tuesday’s national security debate was Jon Huntsman’s moment to shine. And for the most part, he succeeded: Huntsman, who touted throughout the debate his experience living abroad, presented clear policy positions on Pakistan and Afghanistan – at one point getting into a heated debate with Mitt Romney over the Afghan troop drawdown ¬- and even managed to bring the conversation back around to the American economy. Perhaps for the first time in the campaign, the former Utah governor was able to set himself apart from the rest of the GOP crowd.

Michele Bachmann

Despite having largely been written off as a major player in the race for the Republican presidential nomination, Rep. Michele Bachmann delivered a strong performance in Tuesday’s debate, demonstrating her confidence discussing policy issues, and taking her competitors to task when they faltered. In a heated exchange with Rick Perry over providing aid to Pakistan, the Minnesota lawmaker blasted the Texas governor for what she described as his “highly naïve” take on the issue; later, she sparred with Newt Gingrich for his stance on immigration. Whether or not Bachmann’s performance was strong enough to get her back in the game remains to be seen – but she certainly earned more screen time than in recent debates.

Mitt Romney

Romney had one of his worst performances of the 11 debates so far, but he still managed to do fairly well. Romney is a front-runner for a reason: he has been running for president for five years and that practice has paid off for the former Massachusetts governor. Romney skillfully turned questions about foreign policy into answers about domestic issues where he was able to contrast his own positions with those of President Obama, cementing the idea that this race is going to come down to Romney and one other candidate.

Rick Santorum

Rick Santorum is still widely considered a long-shot candidate, but he earned his fair share of airtime in Tuesday’s debate. And while the former Pennsylvania senator may not have said much to change how America feels about him – he endorsed racial profiling Muslims and mistakenly referred to Africa as a country – he made his best effort to make his way back onto the public’s radar.

  • LOSERS

Herman Cain

Herman Cain did not have the standout moment he needed to prove to voters he has a command of foreign policy. After surging in the polls, Cain’s campaign has lost momentum in recent days, most notably after stumbling over a question regarding Libya. The only memorable moment from Cain in this debate came when he flubbed debate moderator Wolf Blitzer’s name, calling the CNN anchor “Blitz.”

Rick Perry

The Texas governor took some bold positions during this debate, but his policy stances were vigorously challenged by his colleagues. Perry almost seemed to immediately backtrack on the tough stance he took against foreign aid to Pakistan after Michele Bachmann called his position “naive.” Perry was also on the defense when other candidates — Mitt Romney, Herman Cain and Ron Paul — said they disagreed with Perry’s assertion that the U.S. should consider a no-fly zone over Syria.

Video: Larry H. White talks about his upcoming book “The Clash of Economic Ideas”

 

Lawrence H. White is professor of economics at George Mason University and the F. A. Hayek Professor of Economic History in the department of economics at University of Missouri — St. Louis. His teaching and research areas include economic history, monetary theory, money and banking, and history of economic thought. White holds a PhD and a MA in economics from University of California at Los Angeles; he also received his AB in the same area from Harvard University. He is visiting professor at Universidad Francisco Marroquín.

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China Is Asked for Investment in Euro Rescue

Euro
Image by Images_of_Money via Flickr

A new chapter is being written in the History of Money, Bank and Credit as news of how European leaders are asking for China to rescue them from the chaos they created. I wish this guys reconsidered before continue acting some of the most important principles of Deficit Financing, Freedom, Inflation, Money, Property Rights, Savings, Welfare State, Consumption, Credit; Gold Standard, Market Value, Objective Theory of Values, Production, Purchasing Power, Sanction of the Victim, Selfishness and the Trader Principle just to mention a few before going on making more business that en debts their country’s economy while make their citizens poorer.

And as Ayn Rand cleverly mentioned in regard to Deficit Financing,

The government has no source of revenue, except the taxes paid by the producers. To free itself—for a while—from the limits set by reality, the government initiates a credit con game on a scale which the private manipulator could not dream of. It borrows money from you today, which is to be repaid with money it will borrow from you tomorrow, which is to be repaid with money it will borrow from you day after tomorrow, and so on. This is known as “deficit financing.” It is made possible by the fact that the government cuts the connection between goods and money. It issues paper money, which is used as a claim check on actually existing goods—but that money is not backed by any goods, it is not backed by gold, it is backed by nothing. It is a promissory note issued to you in exchange for your goods, to be paid by you (in the form of taxes) out of your future production.

“Egalitarianism and Inflation,”
Philosophy: Who Needs It, 133

Read more of this news:

PARIS — A day after European leaders unveiled their latest plan to save the euro, top officials opened talks with China in an effort to lure tens of billions of dollars in additional cash, giving China perhaps its biggest opportunity yet to exercise financial clout in the Western world.

China is expected to demand significant concessions, including financial guarantees and limits on what Beijing sees as discriminatory trade policies, in exchange for any investment in Europe’s emergency stability fund. The head of the rescue fund, Klaus Regling, got a cautious reply from Chinese officials Friday during a visit to Beijing, where he said he did not expect to reach an investment deal with China anytime soon.

A senior Chinese official, Vice Finance Minister Zhu Guangyao, said China — like the rest of the world — was still waiting for the Europeans to deliver crucial details on how the rescue fund, the European Financial Stability Facility, would operate and be profitable before deciding on whether to participate. via: China Is Asked for Investment in Euro Rescue by Liz Alderman and David Barboza.

Againts Greed and Crony Capitalism

Morality
Image by tdietmut via Flickr

“This economic system that they call Capitalism has no moral or ethical core to it.” Michael Moore

This time, the American Sensationalist Director Michael Moore was right. He explained in one sentence what thousands of men are right now protesting against in the streets and we support them. Why?

Capitalism is a social system that is based upon the foundations of individual freedom, respect for individual rights and property rights, and reason as man’s only mean to achieve their goals.  However, the current economic, political and economic system in which large parts of the world are now living is not really a Capitalist economy.

The correct name for this system is “crony capitalism” and its foundations are privileges, irrational greed, expropriation, and violation of human rights (individual rights and the rights to property). It is this system that we need to fight against and fight a moral revolution against to.  In the following video, you’ll hear a wonderful explanation of what that Irrational Greed is all about. The second video, is very interesting and portrays an interesting image of how TNCs (Transnational Corporations) have established Billion Worth Business all over the world without caring for what should matter most to them: Their Consumers.

I hope you enjoy them and understand that we are together in this fight,

Video: Milton Friedman On what is commonly understood as greed and on what is the result of ethical profit (via: Casey Hendrickson)

Stossel On Crony Capitalism Part 1/6