"When Franklin Roosevelt replaced Herbert Hoover in the White House, the country's economy was in shambles but its security was not threatened. No American forces were engaged in significant military conflict; America faced no threats. The U.S. was largely disarmed militarily and disengaged internationally. Yet within a decade, American territory had been attacked for the first time in 130 years, a massive rearmament program was underway, and the U.S. was fighting a desperate struggle that spanned the globe and untimately cost the lives of nearly half a million American service members. The seeds of that global conflict, unimaginable in 1933 given the relative weakness of Germany and Japan, were planted in the first years of the Roosevelt administration as FDR focused on the American economy. ... It is important to note here the distinction between an enemy and a threat. Threats are problems to be concerned about in the future; enemies are organizations trying to kill Americans right now. ... Whatever the parallels between the current economic situation and that of the early 1930s, the current international environment is by any comparison more dangerous for the U.S. than the one that led to World War II. ... When Britain and France ignored developing dangers while handling them would have been possible and relatively inexpensive, America was able to bail them out, if at terrific cost. There is no one to save us it we make similar mistakes in the coming years", my emphasis, Frederick Kagan (FK) at the WSJ, 31 October 2008.
See also my 11 June, 8 July and 31 October 2008 posts. How bad is Gates? There is talk Obama may keep him! Grinding insurgencies, why? The Pentagon will send our soldiers to war with obsolete weapons, and we have money to bail out Goldman Sachs (GSG) and the like. The Constitution begins with, "We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America", my emphasis. I see nothing here that says guarantee GSG's Lloyd Blankfein his outrageous compensation. Common defense, yet the US bails out overpaid miscreants? Amazing.