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Morning Musings

  • Virginia’s Eric Cantor is quickly becoming yesterday’s news. California’s McCarthy, Rising. Life goes on in the big swamp. The people change, offices stay the same.
  • And, as things go in Washington, DC, McCarthy has yet to secure the slot of Majority Leader and the idiotic and ‘absurd’ whisper campaign begins. If you understand the institution of the House, and how it works, then folks would not write such dumb things.
  • Virginia’s David Brat best mind his flank on the Left. And also on right from the Establishment Republicans. The GOP should do the right thing and openly embrace this fellow. Time will tell if the Establishment Republicans have learned to be more tolerant of folks with a liberty-minded viewpoint, a true Republican.
  • A piece published at the Project On Government Oversight (POGO) website concludes”  “More than F-16 Bolts: A Problematic Ruse on Export Reform.” That would be the understatement of the year. Rather than engage in meaningful updating, most of it was tinkering. It is only a matter time that Congress will need to empanel a select committee to study yet another pilfering of U.S. technology by China or some other nation. In fairness, POGO fails to mention that securing an export authorization from the Bureau of Industry and Security (BIS) will be required for most, if not all, of the items transferred from the USML to the CCL. Also, the problems with the global export control regime is not necessarily U.S. controls, but our allies and other trade partners. With all of its issues, the U.S. system (along with the UK, Canada, and a few others) is the gold standard.
  • If the Iraqi Army really ‘failed’ this week, expect yet another new round of painful Congressional oversight hearings, independent audits, and a great deal of political pain for the Obama Administration. Not a ‘dumb‘ war is it, Mr. President?
  • Georges Chodron de Courcel, is out at BNP Paribas. I suspect this is just the start of many personnel changes at the French banking giant. More about this history-making case here and here.
  • Senate Intelligence Committee Vice-Chairman Saxby Chambliss (R-Ga.) talks Cyber Security (video), details why he thinks the next big global conflict will likely be a virtual one. Meanwhile, over at the FCC, regulators say they will push network providers on cyber security matters stressing the need for a “new paradigm for cyber-readiness”. If you’re concerned about data privacy, government meddling, or national security, you should be monitoring this debate. The best solution is a private-sector driven model, but the private sector keeps dropping the ball. Uncle Sam will fill the void, if you let it. The you and me, the consumer, will end up paying for it. If you watch the Chambliss video, note what they are focusing on: liability issues (i.e., corporate CYA).
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