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Politics : PRESIDENT GEORGE W. BUSH
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To: Machaon who wrote (184505)9/20/2001 11:53:48 PM
From: TigerPaw  Read Replies (2) of 769670
 
he stock market got to an insane evaluation, and had no other direction to go
I disagree on a key point. With enlightened leadership the world economy had a long way to go. It will still go there because that is the inevitability of history, but now it is the timescale that is in doubt. The world is just not as big as it used to be when measured on electronic terms and a new coalition and infrustructure was building. A global economy was forming where ideas and infrastructure were separate from manufacturing facilities.

George W. Bush tossed that world into the ash-heap of history for at least the duration of his term. The economy was still cyclic and changing but was at 10 times the level of the national-centric view which has cratered the world markets. The bubble burst because the premise of a world economy was withdrawn, not because it would not have worked.

It's not just the Bush disengagement from the Mid East that doomed us, the disengagement from the world economy is also a disasster.

TP
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