Tuesday 24 April 2018

Ruth Dudley Edwards: 'Spoiled children' play the blame-game at fever pitch

As Obama loses appeal, one group is proposing a radical new way of electing a president, says Ruth Dudley Edwards

THERE'S been some pretty hysterical talk from American politicians over the past few weeks, but I think Democrat Nancy Pelosi, Minority Leader of the US House of Representatives, wins the prize. During the debt-ceiling negotiations, she explained at a press conference: "What we're trying to do is save the world from the Republican budget. We're trying to save life on this planet as we know it today."

Life on this planet as we know it today is certainly under threat, not because Republicans have forced the Obama administration to trim its intended spending increases, but because the markets increasingly fear that many Western economies will eventually default on their debts. Global investors are selling stocks and putting their money into gold, safe currencies or under the bed. The only certain way of calming the present panic is for the hitherto cautious and frugal Chancellor Merkel to bet party and country on the survival of the Eurozone by guaranteeing the debts of Cyprus, Greece, Ireland, Italy, Portugal, Spain and any of the other members who might face ruin from their own profligacy.

But even Germany couldn't do much to help out the mighty United States, which is still reeling from the bad-tempered carry-on on Capitol Hill over the past few weeks. The blame-game is being played at fever-pitch and will intensify now that Standard and Poor's has cut the US's credit rating. Fingers are being pointed at the Tea Party, Republicans, Democrats, the liberal-left, weak centrists and Obama. Even the Founding Fathers are under attack.

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