Tho­mas L. Fried­man har noen tall om USA som gir grunn til frykt, selv for en nasjon som er et olje­emi­rat ved Nord­is­ha­vet.

If the old say­ing — that “as Gene­ral Motors goes, so goes Ame­rica” — is true, then folks, we’re in a lot of trouble. Gene­ral Motors’s stock-mar­ket value now stands at just $6.47 bil­lion, com­pared with Toyota’s $162.6 bil­lion. On top of it, G.M. shares sank to a 34-year low last week.

That’s us. We’re at a 34-year low. And dig­ging out of this hole is what the next election has to be about and is going to be about — even if it is inter­rup­ted by a ter­ro­rist attack or an out­break of war or peace in Iraq. We need nation-buil­ding at home, and we can­not wait anot­her year to get star­ted. Vote for the can­di­date who you think will do that best. Not­hing else mat­ters.

Dette er de under­lig­gende, struk­tu­relle pro­ble­mene. USA greier ikke/er ikke på topp og i front for å løse energi­kri­sen. I til­legg kom­mer de kort­sik­tige finans­kri­sene, som bare er i start­fa­sen. Det skal bli adskil­lig verre.

ANNONSE

On top of it all, our bank cri­sis is not over. Two weeks ago, Gold­man Sachs ana­lysts said that U.S. banks may need anot­her $65 bil­lion to cover more write-downs of bad mort­gage-related instru­ments and poten­tial new los­ses if con­su­mer loans start to buckle. Since Pre­si­dent Bush came to office, our natio­nal savings have gone from 6 per­cent of gross dome­stic pro­duct to 1 per­cent, and con­su­mer debt has clim­bed from $8 tril­lion to $14 tril­lion.

Anxious in Ame­rica

ANNONSE
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