Japan (and the U.S.) will ave little choice but to shoot down the rocket if it veers towards either country’s soil. If President Obama didn’t order the Navy to destroy a missile headed even remotely close to Alaska, the signal he’d be sending the rest of the world would be disastrous, and would undo a lot of the good his resolve on Afghanistan has communicated. (There is even a push for another 10,000 troops for Afghanistan, on top of the 21,000 the president has already committed –so credit and support where credit and support is due should be coming from the Congressional GOP.)
With Prime Minister Netanyahu speaking bluntly about Iran, and the North Korean missile launch imminent, President Obama is seeing Joe Biden’s prediction of an early testing coming true. We are all going to get the measure of the new foreign policy very very quickly.
Part of the problem is the wake of deinstitutionalization policies that favored the now homeless being turned out of long-term psychiatric care, and an increasing trend away from incarceration for drug offenders. Given that both populations would be incurring taxpayer born costs if housed in hospitals or prisons, the $33 million number is deceiving.
This injection of reason into the valuation of the so-called “toxic assets” is long overdue, according to many experts, many of whom also urge the return of the “uptick rule” on short-selling.