Terry:
It is indeed a scary situation made scarier so in the Dow's reaction. In situations like this, I generally take comfort in the idea that we've paid our money and are taking our chances. We had our choice of CnC. If he ain't the right one, it's a bit late to change our minds.
Yes. I'm also concerned that Syria will join in and then we'll have to go after Syria -- stack up another with Afghanistan and Iraq. Not a good time for that, especially when we're trying to talk Iran and N. Korea out of playing with nukes. Maybe this will give the lie to "this is the way the world ends, not with a bang, but a whimper." And there were four horsemen...
This, too, shall pass. But we can't seem to slap Israel around, and I haven't yet figured out why we should. There is a major problem over there, and things are edging toward "kill them all and let God or Allah sort them out." Not a nice thing to face.
To tie this into a CW corollary, we're rapidly approaching a Sherman solution. Today, we tend to approach that extreme with tracks of dragging feet in the sand. Sherman jumped over that predictable procedure and went to the bottom line.
The situation has all the earmarks of stinking big time, but this is the purpose for which we hired these guys who are running the show. I'm in favor of letting them run out their term. Then we have the obligation to hire another batch of people who we believe will do what we want.
That being said, do not elect me to a position of power because I will most certainly create more sand over there than there already is.
Ole




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