World markets continue to tumble and we seem to be entering a point at which the fall is turning into a kind of panic. Today's rate cuts may staunch the bleeding temporarily, but only temporarily.
I sincerely believe that we are entering a period of free-fall specifically because of Bush. The world can see that right now, there is no one at home, no one in all of the Administration's pool of appointed cronies remotely capable of handing any kind of crisis: war, weather, or economic. The world sees that America is asleep at the switch, and panics.
Once this election is over: once we have a leader again, I believe the bleeding will finally stop.
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