Quotulatiousness

February 8, 2012

A spectre is haunting the EU elite: the spectre of democracy

Filed under: Bureaucracy, Europe, Politics — Tags: , , , , — Nicholas @ 10:25

Bruno Waterfield on the worries of the movers and shakers in the fancy office suites in Brussels:

The European Union is currently straining every sinew in a campaign to stifle outbreaks of politics across Europe.

For the EU oligarchs, democracy sucks. What if the Greeks — voting in elections this April — decide to tear up an austerity programme painstakingly hammered out by their betters in the EU and the IMF? Imagine — and the memory of all those lost referendums still smarts among Eurocrats — if a country should decide it has had enough of the economic mismanagement and diktat that has characterised the Eurozone’s handling of the economic crisis.

A spectre is indeed haunting the corridors of Brussels offices and it is real: a well-founded fear that voters will reject the ‘fiscal compacts’, ‘debt brakes’ and ‘golden rules’ aimed at securing the EU’s reign in de facto perpetuity.

[. . .]

Pierre Moscovici, the Socialist campaign manager, has further horrified the EU by hinting that a new French president could hold a referendum — a taboo in contemporary European politics. ‘I am convinced that we will find allies for a renegotiation aimed at a policy change to pull us out of this austerity spiral and recession. We don’t like the idea of a popular vote because we are pro-Europeans and we don’t want a “No”, but nor can we allow tensions to spill over’, he said last week.

February 6, 2012

What would follow a European Union crack-up?

Filed under: Bureaucracy, Economics, Europe, Politics — Tags: , , , , — Nicholas @ 10:13

If you listen to Angela Merkel and other European leaders, what would follow a break-up of the EU would be something out of Mad Max, a post-apocalyptic wasteland where the living would envy the dead. With no Brussels bureaucrats to direct everyone’s affairs, war, pestilence, starvation, looting, violence and unregulated bananas would proliferate. Bruno Frey isn’t quite as sanguine:

The major problem is that people do not see any alternative to the presently enacted European unification. The Europe-minded politicians even insist that, if the euro and the EU collapse, complete chaos will break out. The European continent will go back to the situation before World War II. The various nations will isolate themselves economically, and they will even start to fight each other. A war within the core of Europe, in particular between France and Germany, is taken to be a real possibility lurking in the background.

This view disregards the fact that the European unification process was made possible only because Germany and France stopped considering each other as enemies. They then saw themselves as the ‘motor’ of the European integration process, which started with the establishment of an economic union and then expanded to the political sphere. It is certainly wrong to think that the only thing that was needed to bring peace to Europe was a formal international treaty.

The claim that the downfall of the euro and the EU would produce chaos and war may be interpreted to be just a strategy necessary to get support for helping the highly indebted nations such as Greece, Portugal, Spain, or Italy with ever more financial support. However, conversations I have had with persons from various European countries suggest that many people really believe that Europe will disintegrate and that wars are looming if the EU dissolves. I hold this view to be seriously mistaken.

[. . .]

The individual countries in Europe will quickly form new treaties among themselves. Collaboration will be maintained in all those areas where it has worked well. Some countries will remain in a newly formed and smaller Eurozone, for which the appropriate treaties will be designed. A similar reconstitution will take place with respect to Schengen, which will then encompass different members. Only those countries that find it advantageous will join a new convention on the free movement of persons. In contrast, those nations that do not find such new treaties attractive, or that are not admitted to them by the other members, will not join.

The result will be a net of overlapping contracts between countries, which the various nations will join at will. These contracts will not be based on a vague notion of what ‘Europe’ may mean, but rather on functional efficiency. Crucially, the individual treaties will be stable because they will be in the interest of each member.

December 26, 2011

Evaluating French aircraft carrier performance in the Libya campaign

Filed under: Africa, Europe, Military — Tags: , , , , — Nicholas @ 10:59

Strategy Page summarizes the efforts of the French aircraft carrier de Gaulle in the recently concluded Libyan operations:

The French nuclear aircraft carrier, the Charles de Gaulle, put in an epic performance of sustained combat air operations off Libya this year. From March to August France was one of the major contributors to the effort, flying 25 percent of the air sorties and contributing many of the warships off the coast of Libya. The 4,500 French air sorties put their aircraft in the air for 20,000 hours. About 30 percent of French sorties were flown from the de Gaulle and over half the French strike sorties were flown from the de Gaulle. Most (62 percent) of the carrier sorties were combat missions (usually bombing). The de Gaulle averaged 11.25 sorties per day when it was conducting air operations. The de Gaulle spent 120 flying days off Libya, in one case 63 straight days conducting combat operations. Aircraft operating from the de Gaulle spent 3,600 hours in the air and conducted 2,380 catapult takeoffs and carrier landings.

French warplanes carried out 35 percent of the bombing missions, using 950 smart bombs. These included 15 French made SCALP missiles and 225 Hammer GPS guided bombs. French helicopter gunships flew 90 percent of NATO helicopter attack missions, using 431 HOT missiles and thousands of cannon rounds. French warships fired over 3,000 rounds of 100mm and 76mm naval gun rounds at sea and land targets off the Libyan coast.

December 15, 2011

Mick Hume: Dispelling Euro-myths

Filed under: Britain, Europe, Politics — Tags: , , , , , — Nicholas @ 08:49

In this post at Spiked, Mick Hume pours cold water on five Euro-myths:

Euro-myth No 1: ‘It was a triumph for Cameron — or Sarkozy’

Depending on who you listen to, either UK prime minister David Cameron bravely stood alone for Britain by rejecting a new EU treaty, or else he was beaten by the wily French president Nicolas Sarkozy who got what he wanted by the UK’s omission from the new deal around the Eurozone.

In fact, what the rupture showed was that both the six-footer Cameron and the diminutive Sarkozy are, to coin a phrase, pygmies in political terms. And so are German chancellor Angela Merkel and the rest of Europe’s political elite. Far from a triumph for anybody, it marked an embarrassing failure of basic diplomacy among substandard statesmen and women. There are always tensions and ructions at international summits. But in other times they would have been kept under control by careful diplomatic preparation and consultation beforehand – not left to break out in a schoolboy spat on the day, with Cameron and Sarkozy reportedly almost coming to blows. Even far more strident Eurosceptics such as Margaret Thatcher knew how to play the great power game without tripping over their own laces. Europe’s destiny is now in the hands of self-regarding pygmies who think more of their next headline than the shared future of the continent.

As for the notion that Cameron struck a noble blow for the British people and ‘our’ national sovereignty — come off it. Indeed, one of his main motives appears to have been to avoid giving the British people any kind of say on the matter, by dodging both the referendum that would be demanded if he accepted an amended EU treaty, and the general election that would follow if he went too far the other way and broke up his coalition with the EU-loving Liberal Democrats. The government would rather fall out with the French than risk the wrath of British voters.

December 7, 2011

Time to end the “forced march” to Fiskalunion?

Filed under: Europe, Government — Tags: , , , — Nicholas @ 09:40

Patrick Hayes outlines the way European national leaders and unelected EU officials are steadily blocking any democratic influence over the future of Europe:

Missing from this deal-making has been the European public, which has been held in complete disregard; whether such a ‘forced march’ is acceptable to the European populace is deemed utterly irrelevant, a triviality, in the face of impending doom. After all, as Merkel reminded us recently, ‘nobody should take for granted another 50 years of peace and prosperity in Europe’. The need for such fundamental changes to Europe’s government and economic system are deemed to be beyond debate.

Even when raising the importance of the national sovereignty of their countries, European leaders do so by pointing out too much economic and fiscal integration would get in the way of solving the short-term crisis. There is little discussion of sovereignty as a matter of principle, as the basis upon which voters can hold politicians and technocrats to account. Actually asking the people directly what they want, through national referenda on any new treaty, is regarded as an unnecessary distraction from the urgent task of saving the Euro, to be avoided at all costs.

[. . .]

Once again demonstrating who is actually wearing the trousers in the partnership between the two wealthiest Eurozone countries, Merkel largely got her way. Only last week, Sarkozy was calling for a return to greater democracy in the European Monetary Union: ‘The reform of Europe is not a march towards supra-nationality’, he said. However, Merkel also had to water down her desire to haul naughty countries before a supra-national authority such as the European Court of Justice or a ‘super commissioner’ in Brussels. Instead, sanctions for breaches of the new Eurozone rules would be enforced internally within countries, who would adopt new laws promising they will obey EU rules.

Despite this, as is evident by a leaked document being circulated by EU Council president Herman Van Rompuy and to be discussed by senior EU officials today, the full arsenal of punitive measures for rule-breaking Eurozone members remains on the table. Van Rompuy suggests that bailed-out countries could be temporarily deprived of political voting rights in EU councils; pension reforms, social security systems, labour-market policy and financial regulations could be ‘harmonised’ across EU countries; and there could be ‘more intrusive control of national budgetary policies by the EU’. Development aid for poorer EU countries could be cut, too.

[. . .]

Whatever gets decided at this week’s summit, and whether the fiscal rules are accepted by all 27 EU nations or just by the 17 Eurozone members, it’s clear that greater intrusion into member countries’ national sovereignty by EU officials is the way the wind is blowing. Should countries overspend and breach EU rules, they may no longer be allowed to decide how they set their taxes, how much they can borrow, even the make-up of their budgets. Such decisions, fundamental to a country’s sovereignty, get ripped from the hands of the people living in the countries and their elected representatives, with decisions instead being forcibly guided by European technocrats in Brussels.

December 5, 2011

Debunking memes: the Gini co-efficient as a spark for rioting

Filed under: Britain, Economics, Media — Tags: , , , , — Nicholas @ 08:33

Theodore Dalrymple shows that the widespread habit of journalists in Britain to attempt to attribute the root cause of August riots to the Gini co-efficient fails the common-sense test:

An August feature story on the riots in Time offered a particularly striking example. The author suggested that to understand the riots, we should start with “something called the Gini co-efficient, a figure used by economists to indicate how equally (or unequally) income is distributed across a population.” In this traditional measure, the article notes, Britain fares worse than almost every other country in the West.

This little passage is interesting for at least two reasons. First is the unthinking assumption that more equality is better; complete equality would presumably be best. Second is that the author apparently did not think carefully about the table of Gini coefficients printed on the very same page and what it implied about his claim. Portugal headed the list as the most unequal of the countries selected, with a 0.36 coefficient. Next followed the U.K. and Italy, both with a 0.34 coefficient. Toward the bottom of the list, one found France, with a 0.29 coefficient, the same as the Netherlands. Now, it is true that journalists are not historians and that, for professional reasons, their time horizons are often limited to the period between the last edition of their publication and the next. Even so, one might have expected a Time reporter to remember that in 2005 — not exactly a historical epoch ago — similar riots swept France, even though its Gini coefficient was already lower than Britain’s. (Having segregated its welfare dependents geographically, though, France saw none of its town or city centers affected by the disorder.)

As it happened, when I read the Time story, I had an old notebook with me. In it, among miscellaneous scribblings, was the following list, referring to the riots in France and made contemporaneously:

    Cities affected 300
    Detained 2,921
    Imprisoned 590
    Burned cars 9,071
    Injured 126
    Dead 1
    Police involved 11,200
    Average number of cars burned per day before riots 98

And all this with a Gini coefficient of only 0.29! How, then, could it have happened? It might also be worth mentioning that the Netherlands, with its relatively virtuous Gini coefficient, is one of the most crime-ridden countries in Western Europe, as is Sweden, with an even lower Gini coefficient.

November 9, 2011

Under attack by overwhelming economic forces, French and Germans consider retreat to citadel

Filed under: Economics, Europe — Tags: , , , — Nicholas @ 14:42

If they’re floating ideas like this, the Euro is done:

German and French officials have discussed plans for a radical overhaul of the European Union that would involve establishing a more integrated and potentially smaller euro zone, EU sources say.

French President Nicolas Sarkozy gave some flavor of his thinking during an address to students in the eastern French city of Strasbourg on Tuesday, when he said a two-speed Europe — the euro zone moving ahead more rapidly than all 27 countries in the EU — was the only model for the future.

The discussions among senior policymakers in Paris, Berlin and Brussels go further, raising the possibility of one or more countries leaving the euro zone, while the remaining core pushes on toward deeper economic integration, including on tax and fiscal policy.

As in any retreat, some outlying forces (countries) will have to be sacrificed to save the main body (France and Germany). A small retreat may not be enough — but Greece, Italy, Spain, and Portugal are likely to be left outside the walls.

November 4, 2011

Opening moments of the G20 in Cannes

Filed under: Government, Media, Politics — Tags: , , , , — Nicholas @ 09:01

From the tone of the article, even the Guardian is finding it hard to take the politicians seriously this time:

The red carpet was drenched and sodden, the palm trees battered by a storm and even the trumpet fanfares of the French Republican Guard were muffled by the wind.

Nicolas Sarkozy’s glittering G20 summit at Cannes was supposed to be a showcase for his skill as the caped crusader: Super Sarko, fighting his way through the markets and eurozone crisis to rescue his personal damsel in distress, France’s endangered AAA-credit rating.

Instead, the opening hours on the French Riviera seemed more like a muted crisis-gathering of head-scratching politicians, some staring into the jaws of political death, fearing being punished at the ballot box or hung out to dry by their own governments.

Even without the specially summoned whipping boy, the Greek prime minister George Papandreou — who had a constantly furrowed brow and clasped hands, as pressure was heaped on him over his resignation-referendum ping-ping — the red-carpet arrivals ceremony often looked like a roll call of doom.

Silvio Berlusconi arrived in the rain with a huge black overcoat perched on his shoulders, shoulder pads visible from space, likened by his own press corps to a mafia boss from the Sopranos.

October 15, 2011

Chile upgrades their amphibious capabilities

Filed under: Americas, Military, Pacific — Tags: , , — Nicholas @ 11:21

A brief item from the invaluable Strategy Page talks about Chile’s most recent naval acquisition:

Chile is buying the French amphibious ship Foudre, which is being replaced by a more recent design. The 12,000 ton Foudre has been in service for 21 years and could, with some refurbishment, serve another two decades or more. The 168 meter (521 feet) long ship has a crew of 160 and carries up to 70 vehicles. The well deck contains eight landing craft and there is a hangar that carries up to four helicopters. There are accommodations for 450 troops (or double that for short voyages). The Foudre can also be used as a command ship, which spaces for 150 headquarters personnel and their equipment.

Chile will use the Foudre to replace an 8,700 ton, 40 year old, American Newport class LPD. This ship was retired earlier this year, as it was considered too expensive to refurbish it. France has also offered Chile the second ship of the Foudre class, which is scheduled to retire from French service in a few years. The price of the Foudre to Chile has not been revealed. It will be cheap, and will depend on how much refurbishment French firms will undertake. Foudre undertook several long-distance operations during its career.

September 29, 2011

Charles de Gaulle as euro-skeptic

Filed under: Economics, Europe, History — Tags: , , — Nicholas @ 09:13

Conrad Black provides a thumbnail sketch of de Gaulle’s real intentions regarding European integration:

Charles de Gaulle was born in Lille in 1890, to the family of a monarchist schoolteacher. De Gaulle was a Flaubertesque haut bourgeois, as well as an officer of the French army when it was rivaled only by the German army as the greatest in the world, and was unrivaled as the most storied army of all. He was imbued with the middle-class concept of the value of savings, frugality, pay-as-you-go. To him, greatness and security could never be bought or sustained on the installment plan. And mere politicians, whom he considered a lesser breed swimming in a sticky fondue of moral weakness and opportunism, could never be trusted to resist the temptation to pander, devalue, or seek short-term gain.

De Gaulle’s farsightedness was not confined to national projections of household economics; he also warned of the dangers of Euro-integration. He was the chief architect of the Franco-German friendship treaty of 1963, and — as a veteran of the terrible hecatomb of the Battle of Verdun and a World War I prisoner of war of the Germans, as well as the founder of the Free French in World War II — he knew as well as anyone the horrors of the centuries-long conflict along the Rhine. He also favored a common market and the end of violent ancient rivalries among the many European nationalities. But he always saw a homogenized, centralized Europe as a dangerous fantasy. He believed that a Continental interest, composed of as many as 20 or 25 languages and cultures, would be only an alphabet gruel, blended and stirred by faceless bureaucrats from the little countries, and not representing any real popular interest at all.

He thought that the original Common Market of France, West Germany, Italy, and Benelux could be used by France, effectively maneuvering between the U.S. and the USSR, and between Germany and the Russians, to project and amplify France’s — and, more particularly, his own — influence. Up to a point, while the U.S. was mired in Vietnam, and before European Communism became too enfeebled to challenge the West (which de Gaulle also foresaw), he was correct. But he believed that an unlimitedly accessible Europe would become an incoherent Tower of Babel, governed by bureaucratic intermeddlers in the name of feckless politicians, and liable to excessive outside influence, including from the U.S.

H/T to Monty at Ace of Spades HQ for the link.

August 31, 2011

Despite media reports, Australia didn’t “screw up” torpedo purchase

Filed under: Media, Military — Tags: , , , , , — Nicholas @ 08:58

Strategy Page expresses a bit of contempt for the Fairfax media reporters who mangled a story to get a juicy headline or six:

Another good example of mass media screwing up a story on the military recently appeared in Australia. Fairfax, the largest media group in Australia ran a late August story asserting that the Australian Navy had mishandled the acquisition of new anti-submarine torpedo from France, and had to hire translators to turn the French and Italian user and technical manuals into English. The Defense Ministry quickly responded and pointed out that the Fairfax reporters had misunderstood the situation. The contract to purchase the torpedoes stipulated that all documents be in English. This is standard for such purchases, and has been for a long time. The Fairfax reporters should have known that. The Defense Ministry was hiring translators to handle additional data, not covered by the MU90 purchase, on some of the 200 test launches of the torpedo. This would save the Australian Navy a lot of money as some of their own test launches could be skipped, if the French and Italian tests covered the same situations. But the documents on most of those tests were in the language of the navy conducting them (French or Italian.) The reports were classified, but the two navies were willing to share them, although it was understood that Australia would have to handle translations. This has been standard practice for decades, but the Fairfax reporters didn’t dig that deep. This sort of facile military reporting has become increasingly common. It goes beyond calling all warships (except carriers and subs) “battleships” (a class of ship that went out of wide use half a century ago) or calling self-propelled artillery (or even infantry fighting vehicles) “tanks” simply because they all have turrets (but very different uses). The bad reporting extends to many other basic items of equipment, training, leadership, tactics and casualties.

The argument from the press is probably that the public doesn’t know — and doesn’t care about — the differences between warship classes or armoured vehicles anyway, so they don’t “waste their time” by being accurate.

August 25, 2011

Look at what they actually do, not what they say

Filed under: Economics, Europe, Government — Tags: , , , — Nicholas @ 09:36

Tim Worstall peers behind the curtain of those noble, generous French fat-cats who wrote the letter to the French government, insisting that they be taxed more. It’s not a pretty picture:

All very jolly and public-spirited you might think, but applying a little bit of economic theory reveals that they’re somewhere along the “speaking with forked tongues” to “lying toads” continuum.

That bit of economics is the concept of “revealed preferences”: translated out of the jargon it just means don’t look at what people say, look at what they do. For example, Liliane Bettencourt, the L’Oreal heiress, is one signatory calling for higher taxes on herself: it’s also been widely reported that she has received tax refunds under French “fiscal shield” provisions intended to limit taxes on the wealthy to 50 per cent. Madame, if you really want to pay higher taxes, just don’t cash those cheques.

We see the same sort of call everywhere of course. All sorts of people call for higher taxes: it’s just that very few actually pay higher amounts of money. We can see this in both the UK and US.

The US has an account, “Gifts to the United States”, specifically for charitable-minded citizens. Send them a cheque, they’ll cash it and spend the money on government. Last time I checked, the figures they received were $2,671,628.40. Roughly speaking, 1 cent per head of population. OK, so, yes, taxes were too low in the US that year. By exactly that amount.

The UK numbers aren’t even that good. In the same year only five Brits sent in cheques to the Treasury and four of those people were deceased. No, the fifth was not Polly Toynbee, despite the impression one might get from her columns (well, I don’t know it wasn’t her but I’m sure she would have urged the rest of us to do the same if it were).

An FOI request revealed that from 2002 to 2009 actual living people contributed £7,349.90 to the Treasury, over and above their legally due taxation. No, not each or per year… but in total.

There’s literally nothing stopping people from paying more taxes than they actually owe: every jurisdiction appears to allow people to give more money voluntarily. The US government even allows it to be done electronically. So, if you feel you’re not paying “your rightful share”, go right ahead and give it to the government. If you don’t, you’re demonstrating that you really don’t feel under-taxed after all.

July 22, 2011

The wine industry’s nemesis, Phylloxera vastatrix

Filed under: Environment, Europe, History — Tags: , , — Nicholas @ 09:49

The Economist reviews a new book about the devastation to Europe’s wine makers caused by a tiny American invader:

These varieties are a reminder of the battle against phylloxera, a small, root-munching aphid that did incalculable damage to the wine business in the last 35 years of the 19th century. What George Gale, a philosophy professor at the University of Missouri-Kansas City, calls “the worst of all known invasive species disasters” swept across the viticultural landscape like a biblical plague. It destroyed vineyards from Rioja to Rheingau, Stellenbosch to Sicily. With good reason, Jules-Emile Planchon, the French botanist who helped to subdue the insect, dubbed it Phylloxera vastatrix.

[. . .]

In Europe, Gale’s research is no less assiduous. His coverage of the war between the largely Parisian scientific establishment, which believed that phylloxera was the effect, rather than the cause, of the devastation, and the so-called Américainistes of Montpellier and Bordeaux, who believed the opposite, is commendably detailed. The squabbling between the two sides stretched on into the 1880s, delaying the search for a solution.

Various remedies were proposed: flooding, planting on sandy soils and the use of carbon disulphide (a flammable, toxic chemical that was costly as well as tricky to apply). Growers then tried planting lower-quality American grapes, including Clinton and Noah, before switching, finally, to grafted vines combining phylloxera-resistant American rootstocks with European scions. This is still the practice in most of the world’s vineyards today.

June 6, 2011

Colour footage of D-Day, 1944

Filed under: Britain, Cancon, History, Military, USA — Tags: , , — Nicholas @ 17:25

H/T to Nick Gillespie for the link.

May 22, 2011

QotD: The rise of the “new aristocracy”

Filed under: Europe, Politics, Quotations, USA — Tags: , , , — Nicholas @ 13:39

A man is innocent until proven guilty, and it will be for a New York court to determine what happened in M Strauss-Kahn’s suite at the Sofitel. It may well be that’s he the hapless victim of a black Muslim widowed penniless refugee maid — although, if that’s the defense my lawyer were proposing to put before a Manhattan jury, I’d be inclined to suggest he’s the one who needs to plead insanity. Whatever the head of the IMF did or didn’t do, the reaction of the French elites is most instructive. “We and the Americans do not belong to the same civilization,” sniffed Jean Daniel, editor of Le Nouvel Observateur, insisting that the police should have known that Strauss-Kahn was “not like other men” and wondering why “this chambermaid was regarded as worthy and beyond any suspicion.” Bernard-Henri Lévy, the open-shirted, hairy-chested Gallic intellectual who talked Sarkozy into talking Obama into launching the Libyan war, is furious at the lèse-majesté of this impertinent serving girl and the jackanapes of America’s “absurd” justice system, not to mention this ghastly “American judge who, by delivering him to the crowd of photo hounds, pretended to take him for a subject of justice like any other.”

Well, OK. Why shouldn’t DSK (as he’s known in France) be treated as “a subject of justice like any other”? Because, says BHL (as he’s known in France), of everything that Strauss-Kahn has done at the IMF to help the world “avoid the worst.” In particular, he has made the IMF “more favorable to proletarian nations and, among the latter, to the most fragile and vulnerable.” What is one fragile and vulnerable West African maid when weighed in the scales of history against entire fragile and vulnerable proletarian nations? Yes, he Kahn!

Before you scoff at Euro-lefties willing to argue for 21st century droit de seigneur, recall the grisly eulogies for the late Edward Kennedy. “At the end of the day,” said Sen. Evan Bayh, “he cared most about the things that matter to ordinary people.” The standard line of his obituarists was that this was Ted’s penance for Chappaquiddick and Mary Jo Kopechne — or, as the Aussie columnist Tim Blair put it, “She died so that the Food Allergen Labeling and Consumer Protection Act might live.” Great men who are prone to Big Government invariably have Big Appetites, and you comely serving wenches who catch the benign sovereign’s eye or anything else he’s shooting your way should keep in mind the Big Picture. Yes, Ted Ken!

Nor are such dispensations confined to Great Men’s trousers. Timothy Geithner failed to pay the taxes he owed the United States Treasury but that’s no reason not to make him head of the United States Treasury. His official explanation for this lapse was that, unlike losers like you, he was unable to follow the simple yes/no prompts of Turbo Tax: In that sense, unlike the Frenchman and the maid, Geithner’s defense is that she wasn’t asking for it — or, if she was, he couldn’t understand the question. Nevertheless, just as only Dominique could save the European economy, so only Timmy could save the U.S. economy. Yes, they Kahn!

Mark Steyn, “The unzippered princelingand the serving wench”, Orange County Register, 2011-05-20

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