Obama faces fire from both sides in Libyan intervention



For weeks, President Barack Obama faced a barrage of criticism from Republicans over his administration's failure to intervene in Libya's ongoing conflict. The GOP's assault accused the president of "weakness", "dithering" and "a lack of leadership". But, coming from the same cast of characters who recklessly led us into Iraq, those attacks could be dismissed as partisan rhetoric.

Then, in what appeared to be an about-face, the administration moved quickly to press for a United Nations Security Council resolution calling for a "no-fly zone plus" intervention in Libya. Citing "imminent humanitarian concern", a US-led effort launched attacks against Libyan air defences and ground forces that were advancing on rebel-held cities.

As the bombing of Libya began, Mr Obama left Washington on a scheduled trade mission to several Central and South American countries. After attempting to manage the conflicting messages about the trade visit and unfolding events in Libya, Mr Obama cut short his trip and returned to face his critics in Congress and political opponents on the right. Some of the concerns raised in Congress were legitimate, others downright kooky, but all should be addressed.

One of the strongest arguments was that the no-fly zone is too little, too late. This is a continuation of the partisan attack against Mr Obama that preceded hostilities.

When Republican John McCain complained that Mr Obama "waited too long [and he regretted] that we didn't act much more quickly", and when Lindsey Graham, also a Republican, bristled that "we're taking a backseat rather than a leadership role", both were ignoring post-Iraq realities in the Middle East. Concerned that the US could not militarily engage another Arab country without regional support, Mr Obama rightly waited until the Arab League passed its resolution calling for a no-fly zone before seeking UN authorisation.

And those GOP hawks who have upped the ante, arguing that unless "the US takes Qaddafi out", the mission is a failure, are likewise treading on dangerous ground. Right-wing hawks may miss the days when America fashioned itself as the "white knight" of international affairs, but George W Bush has long since tarnished that reputation.

But opponents to intervention in Libya include those on the left of the aisle. Still chafing over two expensive, failed wars and budget cuts to social programmes, there is a brewing revolt in the progressive wing of the Democratic Party. A Congressional group met last week and made clear their concern about beginning a "third Middle East war", echoing Democrat Dennis Kucinich's statement that "we have money for endless wars, and can't take care of things at home".

There was no prior Congressional approval of intervention. As a candidate for president, Mr Obama was quite clear that the constitution required that US military engagement be authorised by Congress. In the current situation, the White House has argued that because Congress was notified and because the action is of limited duration, the administration does not need specific authorisation. It's not a popular argument in Washington.

Republican John Boehner, the Speaker of the House, raised this concern last week, saying the House majority is "troubled that US military resources were committed to war without clearly defining ... what the mission is". More ominous for the White House was the apparent concurrence of the Democratic minority whip Steny Hoyer, who said: "I don't think there was a lot of consultation."

Pushing both leaders will be their rank-and-file members who are more inclined to stand on principle. Republican Justin Amash, a favourite of the Tea Party, made a strong constitutional case for a Congressional role, while Mr Kucinich asked whether Mr Obama had committed an impeachable offence by bypassing Congress.

An additional concern is the question of what US interests are at stake justifying involvement. Republican Scott Rigell, for example, said: "American lives were not at risk ... and Libya was not a material threat to the US." Republican Candace Miller asked: "What's the vital US interest? How much will it cost? How do you define success?"

Mr Obama's critics have a point. Fundamental questions about why the US is fighting and who it is fighting for should have been discussed from the beginning. Now, they are still unanswered.

Perhaps the strongest concern is the perceived vagueness about the plan, commitment and outcome of the engagement. The senior Republican foreign policy leader, Richard Lugar, complained: "The plan is simply not there. The objectives, the end game is not apparent." And Democrat Jim McGovern expressed the concerns of many: "I have this feeling of uneasiness because of the lack of clarity."

In the lead-up to the Iraq War, I pressed the Democratic Party to pass a resolution opposing the war unless Mr Bush defined "the costs, consequences and terms of commitment". I also cautioned that "we should never consider military engagement in a country whose people, history and culture we do not know". Efforts to stop that war failed and the results are still with us.

The same questions that should have been dealt with before we invaded Iraq should also have been asked and answered before hostilities began with Libya. The fact that they were not, and that lessons have not been learnt, is deeply troubling.

James Zogby is the president of the Arab American Institute

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Retirement funds heavily invested in equities at a risky time

Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.

Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.

The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.

The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.

Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.

The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.

• Bloomberg

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Day 5, Dubai Test: At a glance

Moment of the day Given the problems Sri Lanka have had in recent times, it was apt the winning catch was taken by Dinesh Chandimal. He is one of seven different captains Sri Lanka have had in just the past two years. He leads in understated fashion, but by example. His century in the first innings of this series set the shock win in motion.

Stat of the day This was the ninth Test Pakistan have lost in their past 11 matches, a run that started when they lost the final match of their three-Test series against West Indies in Sharjah last year. They have not drawn a match in almost two years and 19 matches, since they were held by England at the Zayed Cricket Stadium in Abu Dhabi in 2015.

The verdict Mickey Arthur basically acknowledged he had erred by basing Pakistan’s gameplan around three seam bowlers and asking for pitches with plenty of grass in Abu Dhabi and Sharjah. Why would Pakistan want to change the method that has treated them so well on these grounds in the past 10 years? It is unlikely Misbah-ul-Haq would have made the same mistake.

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