Treasury official: “Pressure from foreign Central Banks is a permanent feature of decision-making".

[tannybogus]

The tumultuous events on the US and global financial markets together with the hurricane in Texas have overshadowed foreign affairs. Despite signs of a resolution, profound questions are being asked in Washington about the integrity of the US economy and the viability of implementing a strong foreign policy in the face of deepening domestic uncertainty. A Treasury official told us: “Pressure from foreign Central Banks is now a permanent feature of our decision-making. Unilateral action is not an option.”
One area in which this sense of malaise is manifesting itself is Russia. The Administration’s rhetoric, while still harsh, has retreated from its earlier threats. A State Department official commented to us: “The Russians are suffering economically; so are we. Now is not the time for us to add tension to the relationship.”

http://theswoop.net/sys/index.php

Talk about FUBAR! Bush and the neocons may be reigned in by the financial deregulation they supported. I don't know whether to laugh or cry. It may shut Bush down some, but it is a dangerous way to have to run our foreign policy.

[SpiralHawk]

1. Thanks a pantload, republicon homelanders

You have screwed America and Americans for decades to come, you fatcat greedhead chickenhawks.

[madrchsod]

2. the russian oligarchy make our guys look like shoplifters....

the carcass russian economy is being picked clean by the oligarchy....