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..There's a little Samuel Pepys in all of us..

Wednesday, January 28, 2009

Even the venerable IMF has finally thrown in the towel.. predicting World Growth Figures of some half a percent or so. That, by the way, is the lowest since the 2dWW.
That global 'redundancies' could leave some 51 million unemployed..
Here at home, the IMF has revised it's British figures.. raising it's estimate of our own economy to reflect a 2.8% contraction.. a full point and a half higher..
And frankly, listening to the Commons.. to Prime Minister's Questions.. it is so very sadly obvious, that those in power are blowing in a gale on a lee shore..
And then there's Vlad..
Speaking at the annual Societe get-together in Davos, he held short of actually accusing the US of causing all this brouhaha.. but was quite firm on his stance of 'government bailout schemes' which leave the average man on the street with a somewhat large, and ever growing portfolio of useless stock. All, of course, held in escrow by these many respective governments.. He urged restraint, and seems to give the impression that somewhere in his heart he knows Russians can deal with a dip in their standard of living.. of the difficulties of diminishing disposable income.. Wasn't that long ago..
But there is no American voice at this 'summit'.. Barack's got his man at his desk..
It's ironic that Vlad spoke against 'protectionism'.. when the largest economy in the world is gearing up towards getting it's people to 'Buy American'.. even, one would suspect, at the cost of straining some diplomatic relations.
Protectionism..? The American Treasury owns most of the tangible assets in the country already, with Barack willing to be Chairman of the Board..
But he's going to need more than one term in office to even make a dent in this, assuming his plans have substance and he accomplishes the re-moulding of the American Dream..
It would seem likely that Joe and Hillary will be running their respective backsides around, as the States extricates itself from the Middle East.. dealing with global economic issues..
While Barack does his best to fix his country.
Almost a triumvirate, for the moment..

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