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from Anatole Kaletsky:

Abe’s disturbing lack of focus

President Barack Obama’s trip to Asia this week has focused mostly on Japan’s territorial disputes with China. On this issue, Obama seems to be repeating the same mistakes he made in Ukraine.

By creating false expectations of U.S. support for the Japanese position, the president is encouraging Japan to escalate its belligerent rhetoric. That, in turn, makes Chinese military action to seize the disputed islands more likely. Everyone knows that there is no chance of the United States going to war with China to defend Japan’s claim to four uninhabited lumps of rock.

Luckily, a military confrontation in the East China Sea remains highly unlikely because the Beijing government’s top priority is economic and financial reform.  Unfortunately, this seems less true of Japan.

Prime Minister Shinzo Abe’s attention seems to have shifted from economics to diplomacy and military matters -- and financial markets have started to notice this disturbing change of focus. The clearest evidence can be seen in the relative performance of the Japanese stock market.

from MacroScope:

Talking the talk

European Central Bank President Mario Draghi delivers a speech in Amsterdam which will fixate the markets following his recent statement that a stronger euro would prompt an easing of monetary policy.

Most notably via his Clint Eastwood-style “whatever it takes” declaration the best part of two years ago, Draghi has proved to be peerless in the art of verbal intervention. But even for him there is a law of diminishing returns which may require words to be backed up with action before long. 

from The Great Debate:

Why the Obamacare fight never ends

“I know every American isn't going to agree with this law,” President Barack Obama said about the Affordable Care Act at his April 17 news briefing, “but I think we can agree that it's well past time to move on.”

The Republican response? Same as General Anthony McAuliffe's reply when the German army demanded that U.S. forces surrender at the Battle of the Bulge during World War Two: “Nuts!”

from The Great Debate:

Obama: Going ‘all in’ for the Asian Century

The reaction in Asia to the dominance of U.S. power is only surpassed by a fear that the United States is in retreat.

As President Barack Obama traveled to Asia Tuesday for a four-country trip, this fear should be foremost on his mind. What many of Asia’s political and cultural leaders  fear most, however, is the United States retreating inward while distracted by crisis after crisis -- from Libya to Syria to Crimea. With China on the brink of becoming the world’s largest economy and the geopolitical puzzle pieces of the China seas seemingly in renegotiation, the Eastern world is asking where Washington stands. This is Obama’s moment to demonstrate the components of his much-heralded, but still largely  undefined, tilt to Asia.

from The Great Debate:

The right way to help minority boys

 

The Obama administration recently hosted one of several conference calls with men of color as part of My Brother’s Keeper, a new five-year, $200-million White House initiative aimed at "helping young men and boys of color facing tough odds reach their full potential.”

But according to the initiative’s website, as well as the National Center for Educational Statistics, the biggest barrier to their success is already clear: inequitable schooling, not only for boys of color, but also for girls.

from The Great Debate:

Populism? Where are the pitchforks?

Americans are in a surly mood, confronting rules they feel are rigged against them. President Barack Obama captured this populist temper in his re-election campaign.  He then launched his second term declaring that inequality is the “most pressing challenge of our time,” and laying out a popular agenda to raise the federal minimum wage, provide pay equity for women, establish universal pre-school and other initiatives that polls show the public strongly supports.

Republican obstruction, however, has blocked progress on all these -- even as the House GOP last week passed Representative Paul Ryan’s budget, which cuts taxes for the rich and corporations, turns Medicare into a voucher program, slashes spending on education and protects subsidies to Big Oil.

from Stories I’d like to see:

Sealing deadly court files, and Obama and his Cabinet

1. Sealing deadly court files:

In the wake of continuing disclosures about General Motors’ failure to acknowledge critical safety issues related to faulty ignition switches, there’s a looming issue that has not been addressed: How litigation settlements negotiated by private parties can result in court-sanctioned cover-ups that endanger the public.

We now know that there were several cases in which the families of people who died in crashes after ignition switches failed quietly received cash settlements from GM.

from The Great Debate:

Revising Obama’s ‘deporter in chief’ policy

In response to angry complaints from the Latino community about the administration’s deportation policies, President Barack Obama ordered a review in March “to see how to conduct enforcement more humanely.” At the same time, however, White House officials said the administration would neither suspend deportations nor expand the opportunities to stay for illegal immigrants who came to the United States as children.

That will not mollify his critics. Nor should it.

In a February speech, Obama had spoken movingly and from personal experience about the damage done to black and Latino young men by the loss of a father and the appallingly high number of fatherless homes.  Yet a month earlier, immigration officials had deported Josue Noe Sandoval-Perez. He “had been in the country for 16 years,” according to the New York Times,had no criminal record, paid taxes and was the primary breadwinner for his children – one an American citizen, the other [son] an immigrant who is here legally.”

from The Great Debate:

Obama: Ineffectually Challenged

President Barack Obama is in a funk. Americans are coming to see the president as ineffectual. That is a dangerous perception.

Obama's job approval rating is at risk of dropping below 40 percent. Democrats may lose their majority in the Senate this fall. It may be difficult for the president to accomplish anything during his last two years.

from Nicholas Wapshott:

Crimea: Too small to matter

Crimea is permanently lost to Russia.

That is implicit in President Barack Obama’s remarks about where the Ukraine crisis heads next; the terms of the Paris talks between Secretary of State John Kerry and the Russian Foreign Minister Sergey Lavrov, and the West’s rejection of military action to hurl back the occupying Russian forces.

That Crimea is gone forever is also the view of former Defense Secretary Robert Gates, who declared, “I do not believe that Crimea will slip out of Russia’s hand.”

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