While the Dow experiences its worst point drop ever, and the rest of the world is in absolute freefall, our Congress, led by the People’s House, are taking off 2 days to…wait for it…. celebrate the Jewish holidays! You can’t make this stuff up.
Unbelievable.
If they were doctors , you’d sue them for malpractice, and certainly wouldn’t think of putting the scalpel back into their hands where they could do more harm. After feathering their own nests as lobbyists and regulators and board members of the GSE’s, former and current members of Congress look like a bunch of ostriches and now are demonstrating a singularly tone-deaf lack of urgency in the face of a crisis greater than that represented by the Iraq War.
In that case, Congress simply failed to perform their constitutional duty of oversight, but now they threaten the underpinnings of Western civilization and the new world order of peaceful capitalism and western style trade.
Dictators and warlords are sharpening their knives as they contemplate the new found impotence of the US to act in the face of naked agression in Georgia and now, by extension, anywhere else in the world. D
Does anyone seriously think we could possibly undertake another intervention anywhere in the world given the costs of the current over-reaching?
Meanwhile, Congress fiddles while resting, and the candidates, mutually indistinguishable, continue to pander. Politics as normal is what we get when we are incapable of responding to truly exceptional circumstances. Martial law is not impossible to consider and further nationalization of crucial industries is not far off. GM is a prime candidate for nationalizing for national security purposes. For the first time in history, a heavy BCT is explicitly assigned the mission of homeland defense in the continental US.
Russia’s next move will be dramatic. I wonder what purpose that nuke armed ship sailing slowly towards Venezuela serves?