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Cato’s Gene Healy on Obama’s Libyan Adventure

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What’s our Libya strategy? Do we need one? Based on the results, no. Cato’s Gene Healy points out:

 Libya suffered through an eventful St. Patrick’s Day on Monday: car bomb attacks in Benghazi killed at least eight people, and the U.S. Navy SEALs scored “one for the Morning Glory” by capturing the runaway oil tanker bearing that name in order to return it to the Libyan government, such as it is.

Earlier this month, the North Korean-flagged tanker switched off its satellite transponder — a device that could probably do without an “off” button — and sneaked into Libya’s largest oil port, whereupon Libyans linked to a breakaway eastern militia made off with millions of dollars in oil. But the return of the Morning Glory hardly fixes the problems confronting Libya.

Three years ago today, President Obama announced that America would “not stand idly by in the face of actions that undermine global peace and security;” he’d decided to order military action in “support for a set of universal values.” The next day, the bombing began.

How did that work out? Splendidly! says one of the principal architects of the war, former National Security Council official Samantha Power. Last summer, after becoming U.S. ambassador to the United Nations, Power tweeted: “Great example: Qadhafi fell because the Libyan people bravely stood up, the U.S. stood strong, and the Arab League stood united.”

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E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.
E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.

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