Thursday, January 27, 2005

Time For a Time Out

It's as if the US of A has curled up into a little ball in a tantrum, like my two-year old son; no one wants to play the way we want to play so we'll shut down and whine.

Sy Hersh has some dire predictions for how our infantile behavior will be punished:
It's going to go very bad, folks. You know, if you have not sold your stocks and bought property in Italy, you better do it quick. And the third thing is Europe -- Europe is not going to tolerate us much longer. The rage there is enormous. I'm talking about our old-fashioned allies. We could see something there, collective action against us. Certainly, nobody -- it's going to be an awful lot of dancing on our graves as the dollar goes bad and everybody stops buying our bonds, our credit -- our -- we're spending $2 billion a day to float the debt, and one of these days, the Japanese and the Russians, everybody is going to start buying oil in Euros instead of dollars. We're going to see enormous panic here. But he could get through that. That will be another year, and the damage he's going to do between then and now is enormous. We're going to have some very bad months ahead.

Yeah, but God's on our side...


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