There are several lessons that one should learn from the current crisis in Syria in terms of history, geopolitical strategy and the balance of powers.
America Has Always Been Reluctant To Engage In Foreign Wars
America has always been reluctant to engage in foreign wars. They waited virtually until the last minute to enter World War I and were literally forced into World War II by the actions of Japan at Pearl Harbour. As such, the current reluctance to engage in Syria is nothing new. However, the ghost of the Iraq War does play a major role in this new found affinity for non-intervention. Continue reading
Posted in History, Politics
Tagged AIPAC, America, Assad, Congress, Iraq, Israel, Israeli Lobby, Kerry, Military, Munich, Obama, President, Syria, war
History shows that lobbying is extremely counterproductive but it does not appear that banks have learned their lesson.
Lobbying is a permanent feature of the US political and regulatory scene. All industries participate and engage in it but some more than others. The question is, are these industries better off as a result of the often aggressive lobbying of the Congress and regulators? Does lobbying add value to an organization or industry?
The omens are not good.
During the 2000s a very curious thing happened. Three of the biggest industry lobbying groups experienced outcomes that would have been completely at odds with their business objectives. They were the oil industry, the auto industry and the banks.
Posted in Banking, Business, Politics
Tagged Banks, Business, Congress, economy, environment, Financial Crisis, Government, Lobby, Mortgages, politics, Regulator, SEC, Subprime, US