George W. Bush has come to embody a politics that is antithetical to almost any kind of thoughtful conservatism. His international policies have been based on the hopelessly na?ve belief that foreign peoples are eager to be liberated by American armies¡Xa notion more grounded in Leon Trotsky's concept of global revolution than any sort of conservative statecraft.
Over in jolly old England- US gave date of war to Britain in advance, court papers reveal. And this is news to whom? Everybody pretty much agrees that the Iraq war was a done deal, and nothing the Iraqis did short of publicly executing Saddam was going to change that.
And in economic news: Ominous: The US deficit vs the dollar This Mr. Crooks fellow is talking about the U.S. Current Account Deficit, which we used to call the trade deficit. The difference (I think) is that the current account deficit incudes service and asset trade, in addition to traditional merchandise/material trade. Now what I don't understand is when he says:
Now that you understand how deeply the United States is entrenched in deficit, you can understand why the US is pressuring China to "revalue" its currency. The US does not have the political will to do what it takes on the spending side of the equation to improve its financial position.He seems to be talking about Federal spending- the budget deficit. What is the relationship between the United States government spending more money than it brings in, and U.S. corporations importing more products/services/assets than they export? I should probably go ask everyone's favorite grumpy old bald man economist Steve Verdon, but his explanations are rather jargon-heavy. He does not speak laymans economics very well. Can someone explain this to me using the vocabulary of say, a freshman college student at a state school?
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