Obama offers millions in Muslim technology fund

Obama offers millions in Muslim technology fund
Oct 23 05:06 PM US/Eastern
The White House Friday highlighted a new multi-million-dollar technology fund for Muslim nations, following a pledge made by President Barack Obama in his landmark speech to the Islamic world.The White House said the US Overseas Private Investment Corporation (OPIC) had issued a call for proposals for the fund, which will provide financing of between 25 and 150 million dollars for selected projects and funds.

The Global Technology and Innovation Fund will “catalyze and facilitate private sector investments” throughout Asia, the Middle East and Africa, the White House said in a statement.

Eligible projects would advance economic opportunity and create jobs in areas like technology, education, telecoms, media, business services and clean technology, the White House said.

OPIC said sample projects could help foster the development of new computer technology or telecommunications businesses, or widen access to broadband Internet services.

Proposals must be submitted by the end of November, and managers of funds that make a final short list will make presentations in Washington in January.

Final selections will be announced next June.

In his speech to the Muslim world in Cairo last June, Obama argued that “education and innovation will be the currency of the 21st century” and that under-investment was rife in many Muslim nations.

As well as the fund, Obama also said he will host a summit on entrepreneurship this year to deepen ties between business leaders in the United States and Muslim communities around the world.

In his speech on June 4, Obama vowed to forge a “new beginning” for Islam and America, promising to purge years of “suspicion and discord.”

In what may be one of the defining moments of his presidency, Obama laid out a new blueprint for US Middle East policy, pledged to end mistrust, forge a state for Palestinians and defuse a nuclear showdown with Iran.



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Not socialism; Gangsterism

Not socialism; Gangsterism

Rick Moran
Arguments go back and forth about whether or not the Obama administration is really “socialist” in the sense that they wish to control the means of production, takeover all businesses, and put the “people” (unions) in charge.

Wherever you come down on this issue, there is no denying the straight line from Obama’s Chicago roots and ways of getting things done to the White House. I wrote about it a while back when Chrysler dealers were being closed down, in a post I called “Not Socialism: Gangsterism:”

It can happen because we are barking up the wrong tree when we accuse the Democrats of practicing socialism. Any Chicagoan recognizes what’s going on as pure gangsterism – the application of power through the use blackmail, threats, and pure muscle and the devil take the Constitution, the rule of law, and simple fairness.It can happen because we’ve elected a president who aggrandizes power unto himself while running roughshod over individual rights.

It can happen because we are allowing it to happen. We are too busy, too worried about the economy, too frightened of the future, and too complacent about the idea that “It could never happen here.” It’s happening now and not enough of us are raising our voices in protest. Not enough of us are demanding that our politicians be held to account for meekly accepting Obama’s fait accomplis.

Since I wrote that, the Obama Mob has come down like a ton of bricks on numerous other targets, using tactics not seen since the Nixon administration – and some that Nixon would never have dared to try.

Kim Strassel at the Wall Street Journal channels the now familiar dialogue from The Untouchables to explain what the administration is doing:

In recent weeks the Windy City gang added a new name to their list of societal offenders: the Chamber of Commerce. For the cheek of disagreeing with Democrats on climate and financial regulation, it was reported the Oval Office will neuter the business lobby. Obama adviser Valerie Jarrett slammed the outfit as “old school,” and warned CEOs they’d be wise to seek better protection.

That was after the president accused the business lobby of false advertising. And that recent black eye for the Chamber (when several companies, all with Democratic ties, quit in a huff)-think that happened on its own? (“Somebody messes with me, I’m gonna mess with him! Somebody steals from me, I’m gonna say you stole. Not talk to him for spitting on the sidewalk. Understand!?”)

The Chamber can at least take comfort in crowds. Who isn’t on the business end of the White House’s sawed-off shotgun? First up were Chrysler bondholders who-upon balking at a White House deal that rewarded only unions-were privately threatened and then publicly excoriated by the president.

Next, every pharmaceutical, hospital and insurance executive in the nation was held out as a prime obstacle to health-care nirvana. And that was their reward for cooperating. When Humana warned customers about cuts to Medicare under “reform,” the White House didn’t bother to complain. They went straight for the gag order.

Ed Lasky adds a few more examples:

Strassel was remiss is not quoting Obama himself who taunted opponents that “If they bring a knife to the fight, we bring a gun.” Great for a man who campaigned on doing away with violence among inner city youth.


Let’s also not forget that he riled the mob against bank execs and then in a meeting with them to intimidate them he bragged that he was the only one standing between them and the pitchforks  .

How about another one? Well he threatened to send the IRS to audit officials from Arizona State University who refused to grant him an honorary degree, citing his lack of experience (though that was no bar for the European leftists who see one of their own and gave him a Nobel Peace Prize).

I think a big problem about countering this administration is that most of us are in a state of shock that an American president would use such tactics – and as Strassel says – use them so openly, so brazenly.

Reminds me of that old Star Trek episode where Kirk lands on a planet that governs itself using gangs from Chicago of the 1920’s as a model. It was played for laughs but the lessons were there. What the administration is doing is beyond bare knuckle, power politics. It is government by intimidation, by threat, by punishment for acting against it’s interests.

Sounds an awful lot like a Chicago gang to me.




Page Printed from: http://www.americanthinker.com/blog/2009/10/not_socialism_gangsterism.html at October 23, 2009 – 09:22:25 AM EDT

White House economist: Stimulus already losing steam? Romer: Impact of stimulus will level off

Romer: Impact of stimulus will level off

By JIM KUHNHENN (AP) – 22 hours ago


WASHINGTON — A top White House economist says spending from the $787 billion economic stimulus has already had its biggest impact on economic growth and will likely not contribute to significant expansion next year.

Christina Romer, the chair of President Barack Obama’s Council of Economic Advisers, said Thursday that the $194 billion already spent gave a jolt to the economy that contributed to growth in the second and third quarters of the year. She told a congressional panel that by the middle of next year, the impact of the stimulus will level off. Romer said spending so far has saved or created 600,000 to 1.5 million jobs but warned that unemployment will remain high, above 9.5 percent, through the end of 2010.