Still on US politics …
Say what you want about Clinton’s philandering ways, the guy is intelligent. Like, really intelligent. Kinda makes you wonder if he was still President, how would he have reacted to 9/11; Afghanistan would have been invaded and rightly so but the mess of Iraq may have been avoided and the world would have been such a different place today. And it’s a shame that Al Gore never got to continue that sense of an intelligent and sensitive White House.
But I’ve digressed.
The above two videos show Clinton explaining the current US financial crisis in such lucid and yet layman terms that even the most non-economically minded can understand it. The one big thing that I took away from that interview above was what he said about needing to grow the real economy, and that “making money from money” is not a viable long term growth strategy. Basically, an economy can only grow in a sustainable way via tangible goods and services, and via investment in knowledge and technology, and not from derivatives and speculation.
And while we are on the US economy, did you hear about McCain suspending his presidential campaign so that he can be in Washington to help pass the bill to rescue the US financial sector? And that he would also like to postpone his debate with Obama because of this?
Then he had also used the same excuse to back out of a scheduled interview with David Letterman, but he was caught lying because it turned out that he was down the road from Letterman being interviewed by Katie Couric. Oh man, David was peeved.
If he’s not careful about things like this, McCain can undo all that momentum he’d gained when he chose Sarah Palin as his running mate. Maybe not amongst the hard core Republicans and conservatives, but it may sway the people who haven’t made up their minds. And that could be where the race is won or lost.