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December 12, 2008

Not with a Bang, but a Pink Slip

In earlier entries, I noted that humanity had come perilously close to nuclear winter during the Cold War on at least two occasions; perhaps more often. The “Peace Dividend” theorized after the Cold War ended has proven ephemeral, thus we must still worry about the possibility of nuclear exchanges, especially between nations that have conducted secret weapons programs in defiance of both international treaties and world opinion.

In addition, we find ourselves facing global economic problems of unprecedented scope and magnitude; largely because a loosely organized, but efficient terrorist movement developed directly from the Cold War’s last major struggle in Afghanistan and has successfully nurtured long-standing Moslem resentments and also lured the Bush Administration into a disastrous war in 2001.

In a series of recent developments more reminiscent of the soap operas and cliff-hanger serials of the Thirties, we have also had to deal with a string of unforeseen financial emergencies: whether (and in what order) to save Wall street, Main Street, the Financial Services and the Auto Industries during a critical interval, while the new administration waiting in the wings was just blind-sided by an inopportune scandal.

Even including Lincoln and the attack on Fort Sumter, it may be that no new administration has ever faced more critical challenges; including the possibility that by January 20th, our economy may be on the verge of collapse.

Doctor Tom

Posted by tjeffo at December 12, 2008 09:26 PM