Great article in Der Spiegel which outlines the precarious condition the world economy-- especially the U.S. economy-- has found itself in, and how it's been ignored by the Cheney Administration.
The United States is an economic giant on steroids -- doped so its decline in performance doesn't become too apparent.
Perhaps our new Democratic Majority can address this in House or Senate or Joint hearings?
Democrats have addressed it before, but apparently the Repug Congress wanted nothing to do with it, and Cheneyites certainly didn't either:
Incidentally, the commission that former US President Bill Clinton created to investigate the negative balance of trade concluded in clear terms that the government has to do whatever it can to put an end to the growing disparity between imports and exports. It demanded that the public give up its optimism and return to realism, that people start saving again and that the state reduce its imports in order to prevent too hard a crash landing.