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View Diary: Polyphemus (259 comments)

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  •  The conservatives that I know.. (12+ / 0-)

    are still under the illusion that the goodwill that we had at the end of WWII still exists, or perhaps more properly is still owed to us.  They still view the U.S. as having acted with altruistic motives, so they don't see the self-centered aspects of our behavior..

    The difficulty that the rest of the world has is that if the U.S. completely tanks, that we will take down the rest of the world economies with us, so in a sense we are holding the rest of the world hostage.  Still, I suspect there is a sentiment in the world that we are out of control, and while they would like to impose conditions on us to bring us back under control, it isn't obvious what measures they could take without harming themselves at the same time.

    Nonetheless, I would agree that our position is very weak at the moment.  My guess is that an Obama victory will buy us some time.  Were McCain to win, I would expect that the rest of the world would feel obligated to act in some way.

    •  Whoever (6+ / 0-)

      the next president of the USA is, he's going to have to restore the world's faith in Wall Street.
      I live in Europe and right now American investments equal danger to the people here.
      Just the fact that a company has any ties to AIG or Lehman is enough to trigger a massive panic attack.

      We have no confidence in either Palin or McCain, as a result Europe will distance itself from the USA. (Sarkozy's attempts to establish economic ties with Canada are especially telling.)

      Investors here simply have no faith in the American stockmarket

      She's the prettiest governor in the world, but is she ready to lead?

      by subrosa on Sun Oct 19, 2008 at 08:36:27 AM PDT

      [ Parent ]

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