America's Setting Sun; President Enables More Financial Theft

The well-respected Christian Science Monitor published a piece stating the days of the American empire are over. This is simply common-sense, though common-sense is rarely published.


America: a superpower no more
Decline is occurring more rapidly than we think. It's time to embrace a new agenda.
By Walter Rodgers
from the April 8, 2009 edition
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Oakton, Va. - Two American icons, General Electric and Berkshire Hathaway, lost their triple-A credit ratings. Then China, America's largest creditor, called for a new global currency to replace the dollar just weeks after it demanded Washington guarantee the safety of Beijing's nearly $1 trillion debt holdings. And that was just in March.

These events are the latest warnings that our world is changing far more rapidly and profoundly than we – or our politicians – will admit. America's own triple-A rating, its superpower status, is being downgraded as rapidly as its economy.

President Obama's recent acknowledgement that the US is not winning in Afghanistan is but the most obvious recognition of this jarring new reality. What was the president telling Americans? As Milton Bearden, a former top CIA analyst on Afghanistan, recently put it, "If you aren't winning, you're losing." ...


The well-respected Bloomberg financial publishing house has an article by Nobel Prize-winning economist Joseph Stiglitz in which he states that Obama's financial bailout plan will fail to help America because it is actually a plan to bailout bankers at taxpayer expense. If the purpose of the financial bailouts are to transfer more of America's wealth to the fat-cat politcally-connected bankers, then Obama's Secretary of the Treasury (Tim tax-cheat Geithner) is working as planned.


Stiglitz Says Ties to Wall Street Doom Bank Rescue (Update1)
By Michael McKee and Matthew Benjamin
April 17 (Bloomberg) -- The Obama administration’s bank- rescue efforts will probably fail because the programs have been designed to help Wall Street rather than create a viable financial system, Nobel Prize-winning economist Joseph Stiglitz said.

“All the ingredients they have so far are weak, and there are several missing ingredients,” Stiglitz said in an interview yesterday. The people who designed the plans are “either in the pocket of the banks or they’re incompetent.” ...