State of the…Quack.

So, as you may have heard, George W. Bush delivered his final (a lovely word, isn’t it?) State of the Union address last night. [Transcript.] I actually saw it two and a half times, as I had CNN running in the background while I websurfed well into the evening. And, maybe I’ve been getting ruined by the recent slew of memorable Obama-related speeches but, for the life of me, it didn’t make an impression at all. Right around the time Dubya made that goofy and somewhat undignified joke about the IRS accepting checks and money orders, something in my brain went *click*, and all I could hear was a lame duck quacking. So, if Dubya actually managed to say anything of substance, or discuss a program that might actually happen this year, please let me know. Update: Sen. Obama’s response. Update 2: James Fallows offers his usual worthwhile post-mortem.

1.4 Trillion, and Rising.

“Today’s American system values upheaval; it’s been a while since we’ve seen too much of it. But Americans who lived through the Depression knew the pain real disruption can bring. Today’s Chinese, looking back on their country’s last century, know, too. With a lack of tragic imagination, Americans have drifted into an arrangement that is comfortable while it lasts, and could last for a while more. But not much longer.The Atlantic‘s James Fallows examines the unstable financial codependence between China and the United States, and how it could all too easily unravel. “Lawrence Summers calls today’s arrangement ‘the balance of financial terror,’ and says that it is flawed in the same way that the ‘mutually assured destruction’ of the Cold War era was…With allowances for hyperbole, something similar applies to the dollar standoff. China can’t afford to stop feeding dollars to Americans, because China’s own dollar holdings would be devastated if it did. As long as that logic holds, the system works. As soon as it doesn’t, we have a big problem.Update: Make that 1.53 trillion.

You Can’t Win with a Losing Hand.

“So the choice is between a terrible decision and one that is even worse. The terrible decision is just to begin leaving, knowing that even more innocent civilians will be killed and that we’ll be dealing with agitation out of Iraq for years to come. The worse decision would be to wait another year, or two, or three and then take that terrible course.” While parsing the forthcoming recommendations of the Baker-Hamilton commission (which, among other things, calls for Iraqification of the war (sound familiar?) and a near-complete troop withdrawal by early 2008), journalist and Blind into Baghdad author James Fallows changes his mind about the merits of maintaining our military presence in Iraq: “If it is not in our power to prevent these disasters, then it is better to do as little extra damage to ourselves as possible before they occur.”

Judging Judy.

“It’s not necessarily clear that a press engaged in a tabloid-esque race to the bottom, consumed by sensationalist pseudo-stories, nuggets of McNews and flag-waving rhetoric, is a free press in any meaningful sense of the term,” writes Salon‘s Andrew O’Hehir in a thoughtful piece on the Judith Miller case. But, he concludes, “[c]ompelling a reporter to reveal his or her sources to the police turns that reporter into a police agent, and that’s not acceptable, even in unsavory circumstances like these.” Update: Salon readers poke some substantial holes in O’Hehir’s argument. Update 2: O’Hehir responds.

As a counterpoint, Slate‘s Jacob Weisberg argues the following: “To Miller and the Times, confidentiality is the trump value of journalism, one that outweighs all other considerations, including obedience to the law, the public interest, and perhaps even loyalty to country. This is indeed a strong principle, but it is a misguided one. In the Mafia, keeping confidences is the supreme value. In journalism, the highest value is the discovery and publication of the truth.

And one more view by way of James Fallows, who’s written quite a bit on journalistic ethics in his time: “So Time Inc’s Norman Pearlstein says he will turn over Matthew Cooper’s notes, because Time magazine is ‘not above the law.’…Matt Cooper, Judith Miller, and the New York Times have been saying something completely different. They have been saying that there is a conflict between what the law asks and what their professional values allow them to do. Therefore they will take the consequences. They will go to jail….They are not placing themselves above the law. They are saying that certain values matter more to them than doing what the law now (outrageously, in my view) asks them to do. Norman Pearlstein is a smart man. Can he really have missed this point? Or is he acknowledging that another set of values have come to count for more, in large-scale corporate-owned journalism?

1,000 Points of Light.

Or, more to the point, 1002 points of light and counting have now been extinguished in the service of Dubya’s unnecessary and mismanaged neocon sideshow in Iraq, and that’s just the American count. (The Faces of the Fallen) As this site notes in an update of John Kerry’s famous question, how do you ask a man or woman to be the last person to die for a lie? Update: And now it appears we’ve already reached another dubious milestone. “With the latest spike in violence in Baghdad, more U.S. troops have died since the turnover of power to an interim Iraqi government at the end of June than were killed during the U.S.-led invasion of the country in the spring of 2003.