Pakistani Government Official Wants Obama to Declare Himself Caliph

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From MSN:

Islamabad, Sep 2 (PTI) A Pakistani minister wants US President Barack Obama to offer Eid prayers at Ground Zero in New York and become the “Amir-ul-Momineen” or Caliph of Muslims.

Minister of State for Industries Ayatullah Durrani, who belongs to the ruling Pakistan People”s Party, said the upcoming Eid-ul-Fitr festival, expected to be observed on September 11, would be a “golden opportunity” for Obama to offer Eid prayers and declare himself the leader of all Muslims.

“In this way, all the problems of the Muslim world would be solved,” Durrani told The Nation newspaper.

Durrani, a former member of the Pakistan Ideological Council, contended that the Muslim world is in “dire need” of a Caliph and occupying this distinguished slot would provide Obama “exemplary titles” like “Mullah Barack Hussain Obama” or “Allama Obama”.

He said: “The time is approaching fast. Barack Hussain Obama must act now. This is a golden opportunity, Muslims badly need it.”
Obama”s elevation to the Islamic Caliphate would be the “key to success, he claimed but did not offer any explanation for his remarks.

As Jawa Report points out this fantasy is troubling from a government minister of one of our supposed allies. The problem for non-Muslims is that much of “moderate” Islam’s rejection of total war on the West is administrative, they believe only a Caliph can declare Jihad. Once a Caliph is recognized many “moderates” will in fact become “radicals” which is partly why the West is invested in not allowing one Muslim country to establish hegemony.

Eventually the Muslims will have a Caliph (though it won’t be Obama) and then the “war on terror” will look like a walk in the park.

Taxpayers Screwed on GM IPO

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This is what happens when the government “invests”  tax money:

NEW YORK/DETROIT, Sept 3 (Reuters) – The U.S. government is likely to take a loss on General Motors Co [GM.UL] in the first offering of the automaker’s stock, six people familiar with preparations for the landmark IPO said.

Subsequent offerings of the government’s holdings may be profitable depending on how investors trade the newly listed stock, the sources said.

But the question of whether taxpayers are ultimately made whole on GM’s $50 billion bailout could be left open for years, the people said.

It could take more than three years for the Treasury to sell down its remaining stake in GM after the IPO, one person said. That would push a final accounting into the next presidential term.

A decision to price the initial GM shares below the cost to taxpayers would follow the usual Wall Street practice of giving the first investors in a new stock a discount, but it could also help allay investor concern in the face of the slow recovery of the U.S. economy and flat auto sales.

But how will they allay concerns about investing in a company that screwed over insured bond holders in a sham bankruptcy filing? GM still has the same UAW problems that lead to their bankruptcy and are now being forced into producing eco-cars that there will be no market for. Anyone who invests in this company deserves to get screwed.

Unfortunately for taxpayers, they have already gotten screwed and there will be no way to recoup our losses.