As America Has Done to Israel -- Update
President Bush's speech was one of the turning points in the United States of America's relationship with the holy God of Israel.
As America Has Done to Israel -- Update
By John McTernan
The current economic meltdown can be traced back to July 2007, when President George Bush gave a speech that marked a turning point in the relationship between Israel and the United States. The following excerpt is just a portion of the new information contained in the updated version of John's book entitled As America Has Done to Israel.
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For several months the President had little to say about Israel and his two state peace plan. Then on Monday, July 16, 2007, he gave a short but highly significant speech. This speech becomes one of the turning points in the United States of America’s relationship with the holy God of Israel. It ranks with the speech that George H. W. Bush gave on October 30, 1991 in Madrid, Spain. Monumental events would soon follow this speech that would begin to shake America to its core.
He began the speech by stating he was the first American President to call for the creation of a Palestinian state. He referred to the Israeli control of the Palestinian areas as an occupation. He again called for two democratic states, Israel and Palestine.
The speech in part follows:
More than five years ago, I became the first American President to call for the creation of a Palestinian state. In the Rose Garden, I said that Palestinians should not have to live in poverty and occupation. I said that the Israelis should not have to live in terror and violence. And I laid out a new vision for the future -- two democratic states, Israel and Palestine, living side-by-side in peace and security.
The President then continued with some statements that are directly contrary to God’s prophetic word about the nation of Israel. He said that the Palestinian state needs to be contiguous. This means that Israel must be divided because 30 miles separates Gaza from the West Bank. He wants Israel cut in two so that Palestinians can have an unbroken state. He said America is prepared to lead the discussions to create such a state. Then he made the most dangerous statement: the final peace would involve Jerusalem. This means the dividing of Jerusalem and making the eastern section the capital of a Palestinian state.
The speech in part follows:
These negotiations must resolve difficult questions and uphold clear principles. They must ensure that Israel is secure. They must guarantee that a Palestinian state is viable and contiguous. And they must lead to a territorial settlement, with mutually agreed borders reflecting previous lines and current realities, and mutually agreed adjustments. America is prepared to lead discussions to address these issues, but they must be resolved by Palestinians and Israelis, themselves. Resolving these issues would help show Palestinians a clear way forward. And ultimately, it could lead to a final peace in the Middle East -- a permanent end to the conflict, and an agreement on all the issues, including refugees and Jerusalem.
President Bush then stated that Israel has a clear path. This clear path was not to continue the occupation of the West Bank, but Israel’s future lies in developing areas like the Negev and Galilee. For the second time, he used the terminology that Israel was occupying the West Bank. He called for removing the unauthorized outposts in the West Bank and the ending of settlement expansion.
This speech in part follows:
Israel has a clear path. Prime Minister Olmert must continue to release Palestinian tax revenues to the government of Prime Minster Fayyad. Prime Minister Olmert has also made clear that Israel's future lies in developing areas like the Negev and Galilee -- not in continuing occupation of the West Bank. This is a reality that Prime Minister Sharon recognized, as well. So unauthorized outposts should be removed and settlement expansion ended. At the same time, Israelis should find other practical ways to reduce their footprint without reducing their security -- so they can help President Abbas improve economic and humanitarian conditions. They should be confident that the United States will never abandon its commitment to the security of Israel as a Jewish state and homeland for the Jewish people.
He then called for an international conference in the fall for advancing the two state solution. He said Secretary of State Rice would over see the two state plan. The United States would take charge of creating a Palestinian state. He also called for the United States giving the Palestinians $190 million in new aid.
This section of the speech follows:
The world can do more to build the conditions for peace. So I will call together an international meeting this fall of representatives from nations that support a two-state solution, reject violence, recognize Israel's right to exist, and commit to all previous agreements between the parties. The key participants in this meeting will be the Israelis, the Palestinians, and their neighbors in the region. Secretary Rice will chair the meeting. She and her counterparts will review the progress that has been made toward building Palestinian institutions. They will look for innovative and effective ways to support further reform. And they will provide diplomatic support for the parties in their bilateral discussions and negotiations, so that we can move forward on a successful path to a Palestinian state.
In the one speech, President Bush touched every area of dividing the covenant land that God’s word states will bring judgment on a nation. This speech very soon would have disastrous consequences for the United States.
While the President was giving this speech, the United States economy was rolling along without any serious set backs. The stock market was on a four month rally, and at the time of the President’s speech, it was near its all time high. The stock market surge resulted in an 8 percent gain since March 2007. On Thursday, July 19, 2007, the market closed at 14,000.41 for the first time breaking 14,000. The analysts attributed this rally to corporate buyouts, strong corporate profits and companies buying their shares. There was no talk of a recession or unmanageable debt.
The next day, Friday July 20th, the subprime mortgage debt implosion hit the stock market and the economy. On this day, the market fell 149 points. This was the start of the economic turmoil that shook America and the world. The economic instability that has rocked America can be traced directly back to the week President Bush called for a Palestinian state with Jerusalem as its capital! On Monday, July 16, he gave the speech. On Thursday the Market reached an all time high, but then on Friday, July 20, the market and economy began to unravel.
The next week the market plunged nearly into an economic black hole. The stock market fell 311 points on one day and for the week it lost 4.23 percent. The dollar was plunging and oil prices surged. The world economy was heading into trouble times. On July 27, the headline for the New York Times read: “Global Stock Markets Tumble Amid Deepening Credit Fears,” and on July 28, 2007 the headlines read: “A Second Day of Declines Caps Worst Wall Street Week in Years.” This occurred the week following President Bush’s speech.
In August the stock market and economy reeled from the collapse of the dollar, surging oil prices, massive problems in the credit markets, and the collapse of the housing market. The entire world was shaking from what was happening to the United States economy starting July 21, 2007.
John P. McTernan is a lifetime student of American history. He is an avid student of biblical prophecy since becoming a Christian in the early 1970s. During numerous appearances on television, radio, and in seminars, he has defended Israel in light of biblical prophecy.
John served as a US Treasury agent for 26 years until retiring in 1998. He holds a B.S. from Virginia Commonwealth University. John is married and the father of four children. Visit John's blog here.