The Far Left and Anti-Semitism
Author: Greg Valliere
March 5, 2019
WE’VE BEEN RELUCTANT to write this piece, because it touches on very raw nerves. But it’s increasingly clear that the far left in the U.S. advocates anti-Israeli policies that often cross the line, embracing anti-Semitism.
WE’LL FOCUS THIS MORNING ON THE U.S., although there are numerous recent examples of anti-Semitism elsewhere: in the Labour Party in the U.K, among many of the “Yellow Jackets” in France and — perhaps most notoriously — in Hungary, where a blatantly anti-Semitic campaign against George Soros has been encouraged by the far-right government.
THE FOCUS IN THE NEXT FEW DAYS will be in the U.S. House, which is preparing a resolution to repudiate Rep. Ilhan Omar (D-Minn.), who stated recently that pro-Israeli lawmakers “have an allegiance to a foreign country.” She had previously been rebuked for stating that U.S.-Israeli ties “are all about the Benjamins,” slang for money.
DEMOCRATS ARE RACING TO INTRODUCE A RESOLUTION repudiating Omar, but she apparently will not be named in a generic condemnation of anti-Semitism. This has given Republicans still another opening — they’re having a field day with socialism — and they have demanded a formal censure and removal of Omar from the House Foreign Affairs Committee. The Democrats won’t go that far.
OMAR HAS SUPPORT from the party’s young superstar, Alexandria Ocasio-Cortez, who said yesterday that the issue of U.S.-Israeli relations should be debated. It was a nuanced statement, by her standards, but it was hardly a denunciation of Rep. Omar. Rep. Rashida Tlaib (D-Mich.), another rising star on the left, also has refused to condemn Omar.
MOST OF THE DEMOCRATS running for president will voice unequivocal support for Israel (even though many of them — and many American Jews — have issues with Benjamin Netanyahu). But young activists, radicalized on campuses where support for Palestinians is virtually mandatory, are highly critical of Israel and apparently are unconcerned that Palestinian leaders support the destruction of Israel.
WE RAISE THIS ISSUE FOR TWO REASONS: First, the obvious need for all of us to call out anti-Semitism; second, to point out that on issue after issue, the Democrats are sending gift-wrapped presents to the GOP for the next election. Donald Trump already has one huge foil: he says the Democrats want to emulate Venezuela, and his poll numbers have risen.
IT MAY BE CRASS to say this is all about GOP prospects of winning the 29 electoral votes in Florida, where a half million Jews live in the southeastern part of the state. But it’s true that Florida will be very much in play — especially if a perception grows that the Democrats are not sufficiently aggressive in condemning anti-Semitism.
The views expressed in this blog are provided as a general source of information based on information available as of the date of publication and should not be considered as personal investment advice or an offer or solicitation to buy and/or sell securities. Speculation or stated believes about future events, such as market or economic conditions, company or security performance, or other projections represent the beliefs of the author and do not necessarily represent the view of AGF, its subsidiaries or any of its affiliated companies, funds or investment strategies. Every effort has been made to ensure accuracy in these commentaries at the time of publication; however, accuracy cannot be guaranteed. Market conditions may change and AGF accepts no responsibility for individual investment decisions arising from the use of or reliance on the information contained herein. Any financial projections are based on the opinions of the author and should not be considered as a forecast. The forward looking statements and opinions may be affected by changing economic circumstances and are subject to a number of uncertainties that may cause actual results to differ materially from those contemplated in the forward looking statements. The information contained in this commentary is designed to provide you with general information related to the political and economic environment in the United States. It is not intended to be comprehensive investment advice applicable to the circumstances of the individual.
AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), AGF Investments America Inc. (AGFA), AGF Investments LLC (AGFUS) and AGF International Advisors Company Limited (AGFIA). AGFA and AGFUS are registered advisors in the U.S. AGFI is a registered as a portfolio manager across Canadian securities commissions. AGFIA is regulated by the Central Bank of Ireland and registered with the Australian Securities & Investments Commission. The subsidiaries that form AGF Investments manage a variety of mandates comprised of equity, fixed income and balanced assets.
About AGF Management Limited
Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. AGF brings a disciplined approach to delivering excellence in investment management through its fundamental, quantitative, alternative and high-net-worth businesses focused on providing an exceptional client experience. AGF’s suite of investment solutions extends globally to a wide range of clients, from financial advisors and individual investors to institutional investors including pension plans, corporate plans, sovereign wealth funds and endowments and foundations.
For further information, please visit AGF.com.
©2023 AGF Management Limited. All rights reserved.