Today's Coming Crisis Movie

Friday, March 11, 2011

Libya: 'Gaddafi will prevail', says Barack Obama's intelligence chief

James Clapper, the director of US national intelligence, told the Senate armed services committee “the regime will prevail”, forcing the White House into an embarrassing damage control exercise.

“With respect to the rebels in Libya, and whether or not they will succeed or not, I think frankly they’re in for a tough row,” he said, adding the momentum had shifted to Col Gaddafi.

“I don’t think he has any intention of leaving. From all evidence that we have ... he appears to be hunkering down for the duration.”

His remarks came as the Dow Jones index fell 228 points on concerns over the effects of the Libyan conflict on oil supplies, slipping back under the psychological barrier that it passed in late January. (read more)