The Financial Mess and Washington’s Wars

[Thinking Man's Idiot]

The Financial Mess and Washington’s Wars

by Max Elbaum for War Times/Tiempos de Guerras
September 30, 2008

Last month the prime example of Washington's hypocrisy was John McCain's remark about Russia's military action in Georgia: "In the 21st century, nations don't invade other nations."

This month it's U.S. hypocrisy about economic policy that makes front page news. Covering the opening of this year's U.N. session the New York Times reported:

"With a pillar of American power - its financial leadership - so badly shaken, there was a certain satisfaction among some of the attendees that the Bush administration, which had long lectured other nations about the benefits of unfettered markets, was now rejecting its own medicine by proposing a major bailout of financial firms… 'They are all remembering the unforgiving advice they got from American financial institutions to let your banks go to the wall'… 'There is resentment at what they see as evidence of double standards'… The extraordinary nature of the outpouring was that it came from some of America's closest allies and trading partners."

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[Nostalgia]

Massive US military budget passed