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Sun, Nov 2nd - 12:33PM
The Lilith eZine Sunday Edition
The Lilith eZine Sunday Edition
Letter from the Editor
In two days Americans vote on the future of the world.
That is just how powerful the United States presidency is. Regardless of the advances of China's
economy, the USA still has the most influential economy and the current
economic slowdown in America is effecting markets around the world.
Americans have to make a choice: Do they want change or more of the
same. If they do vote for change it will send a fundamental message to
the world that America is turning a new page in its history books, that
the Bush era is coming to an end and the philosophy of "attack first,
ask questions later" will be over.
That isn't to say Barack Obama won't lead America into war. This is
the United States we're talking about. They average a major military
engagement every 4 years. Every president since the birth of the United
States has been involved in some kind of military incursion. What will
change is the reasoning behind how Americans go to war, if and when
they go to war.
When the United States went into Afghanistan it made sense to remove the Taliban from power and hunt down Al-Qaeda members. But when the Bush Administration went into Iraq
it was based on phony charges of Weapons of Mass Destruction. Behind
that the belief that Iraq would somehow be better off without Saddam
Hussein, who had brutally stamped out religious violence between the
Sunni and Shia sects. With Hussein's authority gone and the USA's
authority tarnished that violence has returned.
What will also change is the idea that America's economy can just
rumble on without regulation or supervision. Bush has been so focused
on his war on terrorism
that he has virtually ignored the failing American economy, an economy
that is like a central cog to the world economy and when it slows down
the whole world slows down. Bush's approach to economics has been to do
nothing. Just let the market regulate itself.
And so it has, with disastrous results. Banks gave out too many
sub-prime mortgages, the economy faltered, houses lost their value,
people defaulted on the mortgages and the banks ended up owning
properties they couldn't sell because the housing market had collapsed.
So now the banks own a lot of land they paid too much for and don't
have the money to pay for other investment opportunities. Hence the
current credit crisis.
A president who had paid attention to the economy could have
spotted the warning signs and pushed for changes to the
banking/mortgage industry, could have stimulated and boosted the
economy and staved off a housing market collapse.
So the question for Americans on Tuesday is: Who do you think will
keep a watchful eye on the economy? John McCain or Barack Obama? The
world awaits your answer.
Sincerely,
Suzanne MacNevin
Editor of the Lilith eZine
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