Bullypulpit
Senior Member
<center><h1><a href=http://www.democracynow.org/article.pl?sid=05/01/26/1450204>Dubbyuh and his Merry Band: Head in the sand...? Or, up their asses...?</a></h1></center>
<blockquote>In its report, World Economic Situation and Prospects 2005, the world body said on Tuesday that the twin budget and trade deficits of the United States were throwing the global economy off balance.
.
It echoed warnings already issued by the International Monetary Fund and other financial institutions in saying that the United States cannot continue to maintain such huge debts. - <a href=http://www.iht.com/articles/2005/01/26/business/trade.html>The International Herald Tribune</a></blockquote>
Despite growing alarm in the world-wide economic community, the Bush administration has failed to even begin to address the issues of trade and budget deficits. The warning signs are all around us...A dollar in free-fall...European central banks shifting more of their assets out of US currency and bond markets...Murmurs, increasingly loud, from asian markets that it is becoming increasing difficult to maintain the dollar as their reserve currency...China and Japan muttering darkly about selling their dollars while they still can.
All of these things add up to a financial disaster in the offing, but our American Nero fiddles on. His ideologically driven agenda supercedes any other concerns, which may be of more pressing importance...He can't even take the time to honor the memory of 31 troops killed in a helo crash in Iraq during his press conference to tout the "great progress" in Iraq.
So, how can he be bothered with the possibility that world financial markets may stop buying US debt? He has more important things to do, like make the world safe for democracy. But that sounds like a cliche more fitting to a bad movie than from the POTUS. With the spending of some $2 billion a day to finance the debt his administration has run up, what's going to happen when the world stops buying that debt? And, that time is coming, perhaps sooner than anyone thinks. With outrage growing daily over the Bush administration's hubris and growing isolation, Europe is growing closer collective economic action against the US, and when that day comes, it's not going to be pretty on our shores. We will look back fondly on the Great Depression. But what will he do? Deny everything...Blame it on someone else...That's a pattern more fitting to an alcoholic than to a head of state. But wait, Dubbyuh is an alcoholic. He <i><b>may</b></i> be off the sauce, but he has never sought treatment fot the underlying causes of his ETOH and substance abuse. He is a dry-drunk, which entails all of the behavior patterns of a drunk.
If they want to escape being pilloried when it all comes crashing down around their ears, Dubbyuh's handlers need to get him medicated and reign in the reckless, feckless policies he has outlined and is pursuing. Ahhh shit...! They're the ones who formulated those policies to begin with, and they'll never admit that they're wrong. We're well and truly screwed, and I truly hope that I'm wrong.
<blockquote>In its report, World Economic Situation and Prospects 2005, the world body said on Tuesday that the twin budget and trade deficits of the United States were throwing the global economy off balance.
.
It echoed warnings already issued by the International Monetary Fund and other financial institutions in saying that the United States cannot continue to maintain such huge debts. - <a href=http://www.iht.com/articles/2005/01/26/business/trade.html>The International Herald Tribune</a></blockquote>
Despite growing alarm in the world-wide economic community, the Bush administration has failed to even begin to address the issues of trade and budget deficits. The warning signs are all around us...A dollar in free-fall...European central banks shifting more of their assets out of US currency and bond markets...Murmurs, increasingly loud, from asian markets that it is becoming increasing difficult to maintain the dollar as their reserve currency...China and Japan muttering darkly about selling their dollars while they still can.
All of these things add up to a financial disaster in the offing, but our American Nero fiddles on. His ideologically driven agenda supercedes any other concerns, which may be of more pressing importance...He can't even take the time to honor the memory of 31 troops killed in a helo crash in Iraq during his press conference to tout the "great progress" in Iraq.
So, how can he be bothered with the possibility that world financial markets may stop buying US debt? He has more important things to do, like make the world safe for democracy. But that sounds like a cliche more fitting to a bad movie than from the POTUS. With the spending of some $2 billion a day to finance the debt his administration has run up, what's going to happen when the world stops buying that debt? And, that time is coming, perhaps sooner than anyone thinks. With outrage growing daily over the Bush administration's hubris and growing isolation, Europe is growing closer collective economic action against the US, and when that day comes, it's not going to be pretty on our shores. We will look back fondly on the Great Depression. But what will he do? Deny everything...Blame it on someone else...That's a pattern more fitting to an alcoholic than to a head of state. But wait, Dubbyuh is an alcoholic. He <i><b>may</b></i> be off the sauce, but he has never sought treatment fot the underlying causes of his ETOH and substance abuse. He is a dry-drunk, which entails all of the behavior patterns of a drunk.
If they want to escape being pilloried when it all comes crashing down around their ears, Dubbyuh's handlers need to get him medicated and reign in the reckless, feckless policies he has outlined and is pursuing. Ahhh shit...! They're the ones who formulated those policies to begin with, and they'll never admit that they're wrong. We're well and truly screwed, and I truly hope that I'm wrong.
