September 4, 2009

LET ME SHARE WITH YOU MY EXPERIENCE...:

Japan Throws the Bums Out (Mary Kissel, 8/30/09, WSJ)

Mr. Hatoyama follows three lackluster LDP governments. He is—as Barack Obama was to George W. Bush—the anti-Koizumi. His political mantra is yuai, or friendship and love. Mr. Koizumi touted reform. Mr. Hatoyama is an anticapitalist. Mr. Koizumi embraced competition. Mr. Hatoyama wants to embrace Asia and the United Nations. Mr. Koizumi drew closer to the U.S. Mr. Hatoyama thinks China's rise is inevitable and that Japan should resign itself to making do with the prosperity it accumulated in the past. Mr. Koizumi took a firm line toward Beijing and wanted Japan to start growing again to support a strong defense.

These are not small differences, nor are they marginal to American interests in Asia. At home, Mr. Hatoyama's Keynesian worship may spell another lost decade of growth for the world's second-largest economy. He stands for agricultural protectionism, higher minimum wages, higher taxes in the name of environmental responsibility and more handouts to the elderly, parents and unemployed. He wants to protect small- and medium-sized businesses from competition. His pledges to cut taxes are minimal; his goal to cut fat from the budget, vague; and his commitment to free trade, marginal. The phrase "economic growth" scored nary a mention in his campaign pledges. [...]

The remarkable thing is that the Obama administration seems almost wholly unaware of this anticapitalist, anti-U.S. turn of events in its cornerstone ally in North Asia. This is a mistake. Mr. Hatoyama has little experience governing and could use some guidance from Japan's best and closest ally.


Lessons on governing from Barrack Obama? That has to be a joke.

Posted by Orrin Judd at September 4, 2009 9:53 AM
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