Chan Akya, Asia Times | September 23, 2008
Washington is bankrupt, fiscally and morally. ++ Socialism is in full swing, proving the free-market Republicans hypocrites. ++ Paulson wants Congress to grant the Fed $700 billion to buy private assets. ++ Such a move will only create more financial turmoil for the US and Europe in the future. ++ Moreover, the entire G8 is a financially "spent force." ++ Yet, ironically the political landscape still favors those in power; the US case is particularly troubling, where fiscally incompetent McCain and Palin may actually be elected.