The world has changed. The fact that in the fifties, when I was born, that everyone in and out of the U/S. had confidence in our country has changed. Back wheh the cost of living was not a problem and there was plenty of need for free market competition, we wlcomed immigrants to come hiere and help join in the prosperity that was part of the old addage, "There's plenty for everyone." Well, that changed. We can't provide enough jobs for our own people and the fact that we are in a financial panic needs to be addressed. The conservatives that are fighting progress rather than admit that they might have been wrong about the math on the system should take a look at what was being said in 2001. Stomping their feet like a bratty child to purposely stagnate progress to play politics are the problem. I say we need to fire them. The rest of the world is watching how we handle things. If we can't make this work we won't be trusted again. Does it occur to them the biggest lender we owe money to is Red China? If we fall on our face what do the Repubicans think they are going to offer as a suggestion for us to try? The same people who are trying to compare our stimulus projects to socialism or communism don't seem to realize that they are pushing us right in that direction. Like Fareed said, The USSR isn't on their knees begging us for our help, they are in a strong bargaining position and if we don't soon do something soon we might have to make concessions to the communists to get waht we ned to survive. Now we need to get this fixed soon. All the petty bickering is doing nothing but making progress grind to a halt. That scares me more than anything else. The president gave an address to the nation today and said he isn't going to allow this to continue. I think we need to act now or just hope the communists aren't too hard on us.
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The World Bails Us Out
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All this means that the political and economic clout of the West—and centrally of the United States—is waning. You can see this reality in the discussions at Davos, where Indian businessmen, Russian officials, Saudi investment advisers and Chinese academics are moving to center stage. Or consider George W. Bush's trip to the Middle East last week. After making several pleas that Saudi Arabia act to ease oil prices, the president had to accept a hard new truth. He was the supplicant; power lay with the king. (In fact, it was the oil minister who brushed off the president's entreaties.) What a contrast to the 1990s, when the price of oil hovered under $20 a barrel and the Saudi economy was teetering.
On the American campaign trail, the candidates talk about a world utterly unrelated to the one that is actually being created on the ground. The Republicans promise to wage war against Islamic extremists and modernize the Middle East. The Democrats deplore the ills of globalization and free trade, and urge tougher measures against China. Meanwhile Middle Eastern fund managers and Asian consumers are quietly keeping the U.S. economy afloat.
© 2008
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