fashion support for Obama…
Rolling Stone has compiled a nice list of myths about Sarah Palin.
It doesn’t take a genius to figure out that the United States’ financial system – indeed, global finance – is in a mess. And now, with the US House of Representatives having rejected the Bush administration’s proposed $700 billion bailout plan, it is also obvious that there is no consensus on how to fix it.
Spend in haste; repent at leisure. With minds concentrated by fears of another 1930’s-style Great Depression, America’s political leaders developed, virtually overnight, a $700 billion bailout plan to resuscitate the country’s rapidly deflating financial sector. But, just as stunningly, rank-and-file members of the US House of Representatives have rejected it – at least for now. Perhaps they were right to be skeptical.
By Patricia H. Kushlis
About two-thirds of the way through the first presidential debate last week, John McCain made the following observation about US foreign policy:
“The point is that throughout history, whether it be Ronald Reagan, who wouldn’t sit down with Brezhnev, Andropov or Chernenko until Gorbachev was ready with glasnost and perestroika.” – John McCain, Presidential Debate.
At here & there, The Immanent Frame’s newest collaborative venture, Nicole Greenfield has collected a second installment of articles on Sarah Palin, religion and American politics. Read Laura Duane’s first installment here.
The American financial and banking crisis is at the top of the world’s agenda right now. Daniel Cohn-Bendit, a European representative of the 1968 generation who is popularly known as "Red Danny," has characterized the current crisis as "neo-liberalism’s Chernobyl."
It wasn’t too long after the Republican Party came up with Alaska Governor Sarah Palin (perhaps the second most dangerous vice presidential choice after Richard Cheney!) that the US apparently tumbled into the second-worst economic crisis in its history, after the Great Depression of 1929.
The US presidential race is not an event that interests only the Americans but one the whole world pays attention to.
Yesterday was a critical day not only for the US but also for the entire world as the US House of Representatives, which had rejected a $700 billion bailout of the US financial industry on Monday, was scheduled to vote again yesterday as Today’s Zaman went to press.