Danny/The Digger

Time To Hedge Dollar Exposure

The thesis of Richard Nixon's book "The Real War" was that the U.S. could defeat (not just contain) the Soviet Union by forcing them into bankruptcy by making them match U.S. research and development of advanced armaments. The Soviet economic system simply could not produce sufficient tax revenue to win an arms race against the U.S.

I see a parallel in the Republican/Neo-Con effort to make it impossible for the Democrats to expand (or even maintain) social programs, which they see as an impediment to a capitalist economic system.

Am I reading too much into the recent economic debacle? Was it deliberately contrived or was it due to incompetence? Or does it make any difference, since social programs for the poor and middle class must be put on the back burner for a decade?