Because Bush is not doing anything except letting Henry Paulson fling money in every direction imaginable, Barack Obama is holding news conferences trying to bolster the economic sector by naming his advisors and what he plans to do. Of course, it may be too late come Jan 20.
Europe and China today have announced that they have plans to input 256 billion dollars into the european community and that China, who already has input money into their system, is lowering interest rates by a point.
Brazil and Russia announced that they plan a summit of emerging nations to meet in Moscow next year. They are hoping to have a larger voice in setting global policies: "The financial crisis, which we haven't started and we are not to blame for, affected the global economic situation and we are forced to react," Medvedev told reporters after signing a joint declaration with Lula in Rio de Janeiro. They have formed a group headed by Brazil, Russia, India, and China, hoping to take away some of the influence of the USA. Kick them when they are down...
And the former Georgian ambassador to Moscow told reporters that Georgia started its war with Russia over Abkhazia in South Osseta because they had gotten the green light from the office of Condoleeza Rice. She is denying any such a thing, now who would be spreading rumors like that?
Remember John McCain announcing on the campaign trail " We are all Georgians now."? And one of his top advisors was a lobbyist for Georgia? Of course, it could have been a prank call from the Secretary of State's office, you know, I'm gonna come over there and whup yer ass...
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