Humint Events Online: Uggh

Wednesday, December 29, 2004

Uggh

This is NOT good:
WASHINGTON, D.C. Running below the surface of the year-end self-congratulatory assertions of American supremacy (as in Monday's Washington Times: "The world really is becoming more 'American' ") are warnings, often ignored, of our decline. The steady loss of the dollar against the euro is one. The spiraling trade deficit is another.

And in the past weeks, there were two serious economic signs signaling momentous change, if not outright decline.

The first concerns China's invasion of Canadian oil fields, heretofore a U.S. energy fiefdom. The second came in the form of an all-but-hidden report from the Department of Agriculture that America, the breadbasket of the world, is now a net importer of food.
And this is quite stunning:
For the first time in decades, the U.S. will not turn an agricultural trade surplus, the Economic Research Service reported on November 22. The Agriculture Department couldn't say why. It could not explain how Bush managed to run down a $13.6 billion agricultural trade surplus in 2001 to zero in 2005.
Tell me again why big business likes Bush again? Is it just pure selfishness on the part of executives?

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