Let’s do a round of news items and ask ourselves whether that light at the end of the tunnel is really a train approaching.
Stock Prices Collapse. We’re now down below 7,000 and no one knows where the floor really is. The market has dumped more than 1,000 points since Hope ‘n Change took office and there’s little hope among investors. AIG got another $30 billion today, investors are fleeing financials and there’s a growing ‘to hell with it’ sentiment building on Wall Street.
The EU – and the Euro – is under severe pressure. And the very notion of ‘Europe’ could be coming unraveled as every country fends for itself. Eastern European members are begging their Western neighbors for help, which is clearly not forthcoming. And now there’s talk of an economic ‘Iron Curtain’ between east and west.
A new global ‘New Deal’? British PM Gordon Brown – himself poisonously unpopular at home – will show up tomorrow to talk Hope ‘n Change into a global ‘New Deal’. Brown is trying to bask in The One’s glow and prove to the folks back home that he’s tight – real tight – with Hope ‘n Change. But the very idea of a global New Deal should frighten all sentient life forms.
But it gets worse. While Brown and the Labour establishment spurned the ‘special relationship’ between Britain the US while Bush was president, he’s now quite happy to talk it up. But the British press is accusing him of being even more of a poodle than Blair.
Vladimir Putin might be eaten by his ‘friends’. In an Moscow Times op-ed entitled, Putin’s Circus Lions Are Hungry — and Angry, Dmitry Oreskin points out the obvious: that with petrodollars evaporating and the Russian economy in the tank, Putin’s ‘circus lion’ friends are looking at him with squinted eyes. As Oreskin notes, even ‘friendly’ lions turn on their trainers.
The Iranians have enough fissile material to build a bomb. Joint chiefs chairman Adm. Mike Mullen admitted it this weekend – and he ought to know. Concerned yet?
Hope ‘n Change apparently isn’t. He’s too busy working on nationalizing our health care.
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