Long War: The Tunisian caretaker government is up and running. It does appear that Tunisia's Jasmine Revolution is indeed like an Eastern European velvet revolution. No other Arab government has the right conditions for a velvet revolution, so the US must make sure revolution does not spread out of Tunisia and infect our other allies.
Here is why Tunisia was unique... The government of Ben Ali was more successful than any of its peers in destroying Al-Qaeda and other jihadist groups over the last couple decades. The bad guys were mostly crushed. And until the last few years Ben Ali created a thriving and educated middle class by way of free market reforms. In recent years his family had basically started taking over the private sector, threatening to undo his years of good deeds and destabilizing this once thriving oasis of stability. Okay fine, overthrow him, but nobody else. Especially Egypt. It's economy and the educational level of its people are not in the same league as Tunisia. The political opposition is essentially the Muslim Brotherhood, the fountain of all jihadist evil plaguing the globe. It is a shame that people over use the analogy of Hitler's Nazi party for every little cause because when a good analogy does pop up it is ignored. The Muslim Brotherhood would win an honest and open Egyptian election just as the Nazis won the first few open elections they participated in. And the Muslim Brotherhood would dismantle democracy once elected just as the Nazis did.
Right after the Jasmine Revolution overthrew Ben Ali, Pres. Obama got on the horn with Egyptian dictator Mubarak and told him in diplomatic language to not worry, the US would do everything possible to help keep him in power and contain the Jasmine Revolution to Tunisia. A few liberal intellectuals are roasting Obama for this but mostly the liberal establishment has its eyes glazing over and is busy ignoring the President's hawkish behavior like they always do.
Thick-headed and right wing fund managers are finally overcoming the strange mix of prejudice that has them believing that Obama is a dove. Consequently defense stocks are moving higher.
Specific Stocks: Raytheon just got a $450 million order to convert Saudi Arabia's arsenal of dumb bombs into smart bombs. If bad guys try to overthrow the Saudi government, it will soon be able to bomb them with pin-point precision and at a bargain price because of the low cost conversion kits. Now I ask you, do American allies really need full on Aegis destroyers to defend themselves against the missiles of Iran, North Korea and China? Or do they need to convert existing warships to fire Raytheon's SM-3 missiles? What is cheaper, building a new house or remodeling your old house?
Thursday, January 20, 2011
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