May 21, 2010

Hedge Fun

Hatched by Dafydd

From Charles Krauthammer's WaPo column today, discussing the new alliance of Turkey and Brazil -- once our allies -- with Iran (hat tip to Scott "Big Johnson" Trunk at Power Line):

Given Obama's policies and principles, Turkey and Brazil are acting rationally. Why not give cover to Ahmadinejad and his nuclear ambitions? As the U.S. retreats in the face of Iran, China, Russia and Venezuela, why not hedge your bets? There's nothing to fear from Obama, and everything to gain by ingratiating yourself with America's rising adversaries. After all, they actually believe in helping one's friends and punishing one's enemies.

I reckon erstwhile American allies and confident enemies are busily exchanging Obama Default Swaps.

Hatched by Dafydd on this day, May 21, 2010, at the time of 4:39 PM

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