The Somali pirates have their own little stimulus plan going on. They have received over $100 million in ransom over the last two years according to a report by the AP. The latest was a $4 million dollar contribution by the Chinese for the release of a ship along with 25 crew members.
I don't know about you but I think the cost of a couple of well-armed crew members and plenty of ammunition would be a little cheaper.
"We have been given the ransom money, checked it, counted it and shared it among ourselves," said the self-proclaimed pirate, who gave his name as Ahmed Afweyne.Somali pirates have been paid more than $100 million in ransom over the last two years.
Here is a quick history lesson for you.
Paying the ransom would only lead to further demands, Jefferson argued in letters to future presidents John Adams, then America's minister to Great Britain, and James Monroe, then a member of Congress. As Jefferson wrote to Adams in a July 11, 1786, letter, "I acknolege [sic] I very early thought it would be best to effect a peace thro' the medium of war." Paying tribute will merely invite more demands, and even if a coalition proves workable, the only solution is a strong navy that can reach the pirates, Jefferson argued in an August 18, 1786, letter to James Monroe: "The states must see the rod; perhaps it must be felt by some one of them. . . . Every national citizen must wish to see an effective instrument of coercion, and should fear to see it on any other element than the water. A naval force can never endanger our liberties, nor occasion bloodshed; a land force would do both." "From what I learn from the temper of my countrymen and their tenaciousness of their money," Jefferson added in a December 26, 1786, letter to the president of Yale College, Ezra Stiles, "it will be more easy to raise ships and men to fight these pirates into reason, than money to bribe them."
Jefferson's plan for an international coalition foundered on the shoals of indifference and a belief that it was cheaper to pay the tribute than fight a war. The United States's relations with the Barbary states continued to revolve around negotiations for ransom of American ships and sailors and the payment of annual tributes or gifts. Even though Secretary of State Jefferson declared to Thomas Barclay, American consul to Morocco, in a May 13, 1791, letter of instructions for a new treaty with Morocco that it is "lastly our determination to prefer war in all cases to tribute under any form, and to any people whatever," the United States continued to negotiate for cash settlements. In 1795 alone the United States was forced to pay nearly a million dollars in cash, naval stores, and a frigate to ransom 115 sailors from the dey of Algiers. Annual gifts were settled by treaty on Algiers, Morocco, Tunis, and Tripoli.
In 1801, after being elected President, that is exactly what he did.
I wonder if these new millionaires will now relocate to Minnesota?
