Wednesday, February 02, 2005

State of the Union Address

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"'Today is Groundhog Day and the State of the Union Address.' As Air America Radio pointed out, it is an ironic juxtaposition: 'one involves a meaningless ritual in which we look to a creature of little intelligence for prognostication and the other involves a groundhog.'" (Thanks Bill!)

EDIT : The one thing that I come away with after having watched the SOTU Address is this: No Mission Accomplished moment... Boy, he has learned that lesson!

EDIT 2 : I thought the reference to asbestos lawsuits was a bit odd. But, it all makes sense here:
"Halliburton is piling up legal fees from Cheney-era mistakes. One of Cheney's largest deals was the $7.7 billion acquisition of Dresser Industries in 1998. At the time, only companies that had been directly involved in asbestos production and use were being held liable. But as the volume of asbestos-related claims rose, lawyers began to pursue companies that were tangentially connected to asbestos—yet still legally liable. Dresser had once owned a unit, Harbison-Walker, that used asbestos. When Harbison-Walker declared bankruptcy in 2002, Halliburton began to face massive claims. Last year, the company said it would put $4 billion in cash and stock into a trust to help settle such claims. As part of an effort to settle the claims once and for all, Halliburton is trying to engineer a bankruptcy filing for a major subsidiary."
Read more here.

EDIT 3 : David Corn writes in Capital Games:

"There was, of course, no mention of Iraq's (nonexistent) weapons of mass destruction. No recognition that America's standing in the world has fallen to an all-time low. No acknowledgment that the administration had failed to plan adequately for the post-invasion period. Bush has not a bashful bone. For him, the Iraqi election was a signal (from God?): full steam ahead. He did not shy away from the freedom-is-our-mission rhetoric of his inaugural speech, which was widely criticized for being cynically unrealistic.

[...]

Perhaps that's why he won in November. He repeated his assertion that Iraq "is a vital front in the war on terror, which is why the terrorists have chosen to make a stand there. Our men and women in uniform are fighting terrorists in Iraq, so we do not have to face them here at home." US forces in Iraq, according to the US military, are mostly fighting Baathists who had no intention of attacking the United States "at home" prior to the invasion."

1 Comments:

Blogger JoshSN said...

A weird coincidence is that GHW Bush's first job out of college was for Dresser.

5/2/05 11:52  

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