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Davos: Reflections

: Wow!!!!
The world is right now fascinated with Davos. The rich, the famous and the powerful are all there in paradise talking about the world and all the problems. There is enough being said by all pundits which will speak for itself on Davos. But, two key things occured which I wanted to note:

1) Turkey's Prime Minister Edrogan stormed out of a discussion with Shimon Peres during discusisons on Gaza. Edrogan was given a minute by David Ignathius of the Washington Post to rebute a lengthy comment by Shimon Peres. I think the gesture by Mr. Edrogan must be taken seriously by Israel. It shows the frustration with Israel and the fact that as Amr Mousa said, Israel "does not listen". I was quite disappointed by David Ignathius when he did not grant equal time during the discussions. It seems to me that Dinner could have waited.

2) The Prime Ministers of China and Russia spoke at Davos, blasting the West. I think both men had excellent points. But, both men have a lot of problems of their own and their crediblity is suspect at best. I think Wen Jinbao has been at the forefront of changing China. I think his efforts during the earthquake surprised me. But, the Chinese are undergoing changes that the Government cannot truly contend with and blasting the West is not going to solve it. As for Russia, Tsar Putin can say whatever he wants. The fact is that he is a dictator in a 1000-Dollar Suit speaking about responsbility when his country has profound challenges.

China and Russia have to be watched. They are powerful, they are emergent and they should not be discounted. But, lecturing the rest of the world is disingenious at best. The Davos Alternative, though, also has convened. I am quite interested to see what it achieves. Everyone is still talking, talking and talking. But there is no action at all.
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The desparation of the Republicans

: Haven't they done enough damage?
The daily barrage of polls and analysis continues. History can be a harbinger of things to come. It is important to note that some of the poll analysis noted that in 1980, 2000 & 2004, the Republicans candidates were down in the polls. Yet, the same candidates went on to win. So, who knows frankly what is going to happen. If the Democrats think they have it in the bag, they are frankly smoking crack or something!!??!! They have to work as hard as they can to earn every vote. Because the Republicans will be just as aggressive in their attacks.

Governor Palin continues his "culture war" against the Democrats. As I caught a brief glimpse of her on CNN, she talked about how "unpatrotic" Barack Obama is. I continue to be sickened by the ugly tone of the McCain campaign. John McCain and Sarah Palin have perpetuated a lynch mob mentality that in my view does a profound sense of disservice to the country. They are trying to be able to perpetuate a case of trumped up charges of voter fraud and the supposed alleged ties to ACORN. Interestingly enough, the Atlantic Monthly reports that John McCain spoke at an ACORN rally two years ago. The diversion being done is simply sickening. The fact that even one person is calling for Senator Obama to be killed is absolutely wrong. Senator McCain claimed that the same crap being said at his campaign is being said at Obama rallies. That's an absolute lie. Senator McCain simply makes himself look like an idiot by trying to shift the debate. The McCain campaign is all over the map. One day Senator Obama is a family man. One day Senator Obama is a risk. I am trying to figure out which is it?

It is clear that the Republicans are moving on. I talked about the fact that Sarah Palin is here to stay. The conservatives love her. The new line the conservatives are pushing is that there has to be a counter balance to a Democratic Congress. I nearly fell off my chair when I read Fred Barnes in the Weekly Standard. Fred Barnes and the rest of the Amen Crowd have been in the drivers' seat for a very,very long time. It seems to me that the country will, as Eugene Robinson of the Washington Post said, send the Republicans into the wildreness to try and figure out what to do next. The bankrupcy of the Republicans in their current form is ever more evident by the hour. I wonder what the harm is in trying something different,









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The Upcoming White House Summit

: Can The Leaders Truly Come Through?
President Bush spoke late Wednesday to the country and the world. He underscored how tough things are. He has called for a bipartisan meeting at the White House later on today to discuss the bailout package and the way forward. I think the President has risen up to the challenge to bring all parties together. Although I wish he would have governed in this fashion, better late than never!!!

I view this event as quite significant. I also am heartened by the joint statement issue by Senators Obama and McCain. There is no question that we have arrived at the moment of reckoning. The President was absolutely right on when he said that in times of crisis throughout history, everyone has risen up to the challenge. I am confident that the leaders will do so yet again. The people expect no less


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The coming bailout....Some Brief Thoughts...

: Should we rush into it?
The Political Candidates, The Pundits and Government Officials have been at it. The proposed 700 Billion Dollars bailout is now before the Congress. Although there is enough information and analysis out there right now, what Robert Scheer noted was worth mentioning: President Bush vetoed S-Chip becuase it cost too much money. Yet, somehow, the country can come up with 700 Billion Dollars to bailout Wall Street. An interesting idea HIllary Clinton had was to have the bank to freeze the foreclosures to avoid the spike while allowing banks to work through the challenges?

Let's not rush to judgement and truly insure that all ordinary folks interests are indeed protected. Some decisions needs to be made soon, though. So far, the markets seem to have given a big thumbs down to what has been proposed. As I write this, markets in Asia are falling after the big fall on Wall Street. When will this all end


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