Monday, November 29
Bush Speaks.com: [Conservative; Responsible; Patriotic - Everything Bush Is Not]-- November 2004
"I want to thank. . . the architect, Karl Rove."
— G. W. Bush (Source: The WhitewashHouse)
Apocalypse Soon: Storm Clouds from Heaven
Dave Lindorff, Counterpunch, November 20-21, 2004
The allegedly pious George Bush, champion of the saved, is said to be a believer in Armageddon.
He may indeed live to see the apocalypse in his final term of office, but it will not be the one he had read to him in from the Bible. It is likely to be rather more secular in nature, though perhaps nearly as cataclysmic.
As he heads towards his second inauguration, Bush's handlers and new neo-con cabinet will be looking at storm clouds gathering all around.
First, of course, there's the war in Iraq, which is getting nastier by the day for the U.S. Hungary is the latest to leave the coalition of the willing, and Poland, the third largest "ally" after Great Britain, with its 2000 troops, won't be far behind. Soon it will just be stop-loss indentured American troops doing the fighting and dying, with a few British soldiers standing near the gangplank in the port city of Basra, ready to beat a hasty retreat. [...more]
Then there's the U.S. dollar. In case you haven't noticed, it's been sinking like a rock, trading at roughly 100 Japanese yen to the dollar and $1.30 to the Euro.
Today, Federal Reserve Board Chairman Alan Greenspan, who in the run-up to the election was pooh-poohing any concern about the U.S. dollar and the ballooning trade deficit, told European bankers that he is worried that foreign investors, who have been propping up the greenback for decades, are finally showing signs of giving it up for dead. Should that happen, we can expect to see in short order a major economic disaster here in the U.S.
The first thing that would likely happen is that the big oil exporting nations--Russia, Saudi Arabia, Nigeria, Venezuela and Iran--would, along with the rest of the producing countries, switch their pricing away from dollars to Euros, or perhaps a basket of currencies. That would have the effect of undercutting all support for the dollar, while causing energy prices in the U.S. to go through not just the roof but also the stratosphere. The impact on the U.S. economy would be immediate and drastic--akin to your SUV runing out of gas on the freeway.
Yet another storm cloud on the horizon is the U.S. budget deficit. As long as the economy stays marginally healthy, this is a problem deferred, [...more]
... As the deluge begins, this sleight of hand will become much harder to pull off, even with the unflagging help of the Foxed media.
Bush may be surrounding himself this term with an amen chorus cabinet, but the amens from the public will not be very loud or inspired as these storms begin to hit.