According to CBC.ca, McCain has suspended his campaign for the Presidency in order to help George Bush get approval for his $700 Billion financial bail out in congress. McCain is asking for Obama to do the same.
Normally, this kind of thing wouldn’t interest me all that much. Except I just finished sitting through a weekend of meetings with Peter Daniels, one of the richest men in the world. He is predicting that if things remain status quo, the U.S. is going to enter a period of financial crisis that will rival the great depression. Only this time, it will last 25 years!
Now, Daniels is not a “doom and gloom” kind of guy. But if his past predictions are any indication, then he’s someone worth listening to. (Ten years ago, he made a number of prediction that all came true … I wish I had the document in front of me, but I don’t).
Now, why should we as Canadians care about what happens in the U.S.A.? Simple, we are their closest neighbours, and they are our biggest trade partner. If they go into a financial crisis, it wont be long until we see the same thing.
BTW, you may or may not have heard, but gas stations across Nashville (and other areas of the U.S.) are running out of fuel. In fact, in some towns, they have been out of gas for days now.
I think this is going to be one very important U.S. election.
