Is Economic Freefall Next?
The United States government is being run by political hacks like Michael Brown, Julie Myers, the list is endless, who are in so far over their heads that it will take years to undo the damage done to the infrastructure of government agencies.
While this army of the incompetent bungles its way from disaster to disaster, President Bush rides on, oblivious to the disaster his presidency has become. Not just the major international disaster that is Iraq, or the incredible national disaster that Katrina has become, but through the daily litany of micro-disasters and the accumulated destruction by incompetence or inattention of virtually every agency of the federal government.
James Walcott comments on the real "clear and present danger" that faces America. It is a threat that could lead to the destruction of this country and the impoverishment or enslavement of our children's children. It is a threat that the Bush Administration has helped build through its inattention to the consequence of its tax and trade policies. Quoting economist Stephen Roach, Walcott points us in the true direction of danger:
While Bush allows his cronies to loot the treasury and runs up the national debt to numbers that are beyond comprehension, the rest of the world is waiting for us to fall.