I know it sounds funny, but this is not a joke! The economic meltdown in the US is affecting countries everywhere in the world, and Iceland and Pakistan are just the first ones teetering on the verge of bankruptcy. Way to go, Mr President! Now we can breed whole generations of people who hate us (the USA) because their families are driven into poverty by this reckless administration. Even uneducated people in other countries can probably put 2+2 together better than about 40% of Americans who still have their heads buried in the sand about the uselessness of the Bush/McCain Republican economic policies, and lay the blame squarely at our doorstep. And how is John McCain going to fix all this? By assuring us "I know how, my friends". Yeah right, why don't you tell us how, instead of giving us more Ayers crap and inciting domestic terrorism. People are fleeing Florida because they can't take your non-stop sleaze ads any more. Now how are you going to get their votes?
Iceland teeters on Bankruptcy
Iceland is getting closer to becoming the first nation to go bankrupt as a result of the subprime mortgage crisis and resulting squeeze on lending.
Read at Forbes: http://www.forbes.com/home/2008/10/08/iceland-sovereign-currency-markets-currency-cx_po_1008markets28.html
And at International Herald Tribune: http://www.iht.com/articles/2008/10/09/business/icebank.php
Pakistan facing bankruptcy
http://www.truthout.org/100708R
Pakistan is reeling from the high energy prices and years of corruption and mismanagement under Musharraf. What happened to all that money being doled out by Bush for being our “ally” in the war against terrorism?
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