Topic: Gaddafi Assets

Secretary of State Hillary Clinton announced that the United States officially recognizes the Transitional National Council (TNC) as the legitimate governing authority of Libya. This recognition allows for the transfer of billions of dollars in frozen Libyan assets to the rebel council. The hosts criticize the media's portrayal of the rebels, noting that TNC ministers are being transported in C-130 aircraft and are requesting $3 billion in immediate aid, while civilian casualties from NATO drone strikes remain largely unreported.

President Obama announced the seizure of $33 billion in Libyan assets, which the hosts interpret as a signal regarding control of the country's wealth. The discussion covers the administration's justification for force based on interests and values. Historical claims regarding Muammar Gaddafi's violence against his own people are questioned, specifically regarding the timeline of revolutionary events.

President Barack Obama addresses the nation regarding the limited role of American forces in Libya and the transfer of responsibility to NATO allies. The administration reports the freezing of tens of billions of dollars in Gaddafi regime assets, intended for the future needs of the Libyan people. Analysis of the speech suggests the "larger strategy" involves securing oil interests and infrastructure under the guise of humanitarian aid.