Tuesday, November 18, 2008

Global Socialists Toast Victory over America

Cliff Kincaid Monday, November 17, 2008

On his CNN Reliable Sources show, Howard Kurtz of the Washington Post asked his colleague Steven Pearlstein, “Wasn’t there a prevailing drumbeat that this package had to pass?” The reply: “I was, I guess, part of that drumbeat. It did have to pass.” Pearlstein added, “You know, the Congress and the government had to do something to get liquidity moving in the financial system. There’s no playbook for how to do this in a situation like this. People are making it up as they go along. And so we really shouldn’t be surprised that they tried something, it doesn’t work. They try something else, maybe it works. They’re throwing a lot of darts at the wall.”

But since it didn’t work and Paulson changed the plan, Kurtz asked, “Where is the journalistic outrage here?” It’s a good question. The only outrage I can find is coming from the taxpayers.

For his part, Pearlstein’s new column, “Toward a New International Capitalism,” includes no apologies over his central role in what has happened. Instead, he hails the arrival of a new era in which America “can no longer expect to dominate the institutions of international finance and will have to share power and influence with rapidly developing countries…”

In other words, America has been cut down to size and the beneficiaries are those who were always jealous of her wealth and power. The result will not only be less U.S economic power but the diminution of American military power. One will inevitably follow the other, especially if more U.S. manufacturing industries go bankrupt.

This isn’t “international capitalism.” It’s the victory of global socialism. The stage is perfectly set for the U.S. presidency to be occupied by a revolutionary Marxist.
“We are the world” is coming true.

For the complete article, click the title to follow the link.

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