Posted on 03/16/2009 7:48:46 AM PDT by Liz
EXCERPT Though neocons formed a kind of Praetorian Guard around John McCain during his campaign, their truculent approach to foreign affairs sabotaged rather than strengthened McCain’s appeal. The best that Sarah Palin, a foreign-policy neocon on training wheels, could do was to offer platitudes about standing by Israel. It seems safe to say, then, that the neocon credo is ready to be put out to pasture.
Or is it? One problem with this line of argument is that it’s been heard before—sometimes from the neoconservatives themselves. In 1988, after George H.W. Bush replaced Ronald Reagan, neocon lioness Midge Decter fretted, “are we a long, sour marriage held together for the kids and now facing an empty nest?”
Then in the late 1990s, Norman Podhoretz delivered a valedictory for neoconservatism at the American Enterprise Institute. Neoconservatism, he announced, was a victim of its success. It no longer represented anything unique because the GOP had so thoroughly assimilated its doctrines.
In 2004, a variety of commentators scrambled to pronounce a fresh obituary for neoconservatism. The disastrous course of the Iraq War, Foreign Policy editor Moisés Naím said, showed that the neoconservative dream had expired in the sands of Araby.
Yet the neocons show few signs of going away. The Iraq surge was devised by Frederick Kagan of the American Enterprise Institute and spearheaded by William Luti, a protégé of Newt Gingrich and Dick Cheney who is currently at the National Security Council.
Its success has prompted some neocons to claim vindication for the Iraq War overall. Nor has the network of institutions that the neocons rely upon melted away, from the Hudson Institute, where Scooter Libby and Douglas J. Feith are now ensconced, to the Weekly Standard and Fox News.
It’s also the case that the realists inside the GOP feel more embattled than ever. Sen. Chuck Hagel has pretty much resigned from the GOP itself as well as from his Senate seat, denouncing Rush Limbaugh and others as retrograde conservatives.
They have undeniably suffered a number of setbacks. The sun has set on the flagship neocon newspaper, the New York Sun, a victim of the financial crash.
The citadel of neoconservatism, AEI, has ousted Michael Ledeen, Joshua Muravchik, and Reuel Marc Gerecht. Meanwhile, Robert Kagan has incorporated realist tenets into his writings, while David Frum, who co-wrote with Richard Perle the standard neocon foreign-policy text, An End to Evil, and who previously demanded the expulsion of allegedly unpatriotic conservatives from the conservative pantheon (a move Russell Baker called reminiscent of the Moscow purges), now seems to be hinting at, among other things, a reassessment of neocon foreign policy. “I cannot be blind,” he conceded in a farewell address to National Review Online last month, “to the evidence … that the foreign policy I supported has not yielded the success I would have wished to see.”
Looking ahead, the neocons do not have an obvious horse. In the past they have glommed on to everyone from Sen. Henry M. “Scoop” Jackson to Colin Powell, whom William Kristol briefly touted for president. Another problem is that George W. Bush himself has increasingly deviated from neoconservatism.
With the fall of Donald Rumsfeld, on whom the neocons tried to blame the mismanaged Iraq War, Vice President Dick Cheney has lost out to the combination of Defense Secretary Robert Gates and Secretary of State Condoleezza Rice. Even Kristol seems to have shed some of his habitual fervor, musing about the shortcomings of capitalism in his New York Times column and expressing the hope that Obama will put aright what has gone wrong.
The result has been something of an identity crisis in the ranks of the neocons. Like not a few revolutionary movements that have fallen on hard times, neoconservatism is experiencing a schism. Two camps are starting to face off over the question of the true faith, with the first embracing orthodoxy and the second heresy. The question they face is simple: Should the neocons continue to move right, serving as the advance guard of an embattled GOP? Or should neoconservatism become true to itself by returning to the center?
Will the movement, in fact, morph back into what it was at its inception in the late 1960s when it belonged firmly to the Democratic Party—moderate on domestic issues and mildly hawkish on foreign policy? --SNIP--
>>Other holdings include a 45%-stake in Japanese bank Aozora, real estate services firm LNR Property
Ah, I forgot about LNR!
LNR Property was a principal in the miraculous disappearance last year of about $1 Billion of Calpers funds. (okay... not disappearance, more like musical chairs.) It was a risky joint venture land deal called “Landsource” that involved Calpers, Lennar, and Cerberus/LNR Property. Landsource filed for bankruptcy shortly before the RE market tanked.
http://www.sacbee.com/opinion/story/1518469.html
CalPERS made a bet – and lost
I forget the gory details but there are several articles on FR
http://www.freerepublic.com/tag/landsource/index
http://www.freerepublic.com/tag/calpers/index
Poor old MadOff if only he could have held on a little longer he might have qualified for his own printing press.
(Sniffle), Geeze I'm all broke about that.
Maybe we can still bailout Madoff "investors"?
Americans are lining up now, hoping to give the Madoffians bonuses (bawl).
http://www.freerepublic.com/tag/landsource/index
http://www.freerepublic.com/tag/calpers/index
http://www.sacbee.com/opinion/story/1518469.html
Snort---everytime you hear about billions disappearing, Calpers name comes up.
Got to get first in line for permission to print 'dollars'. There is where the 'real' bonuses will be given.
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