George W. live at the Economic Club in New York

Yesterday IMF first deputy managing director John Lipsky warned authorities worldwide yesterday to ‘think the unthinkable’ and called for ‘decisive policy action’ amidst a credit crunch stemming from US real-estate meltdown to ‘put the global financial system and economy on a firmer footing’.
Lipsky didn’t say what decisive action but obviously it’s a challenge to the hardline free trade policies favored by the Economic Club members so they decided to let the world know that they were going to stand firm by having George W. do a press conference that would be broadcasted around the world.
I had to grin seeing George W. doing his phoney folksy act for the camera saying that like others he can remember worrying about having to pay off his house-as if the son of a son of a millionaire ever had to seriously worry about his mortgage-and yes he could feel for those people-a hundred thousand of them so far- who lost their houses but the market must be allowed to correct itself without interference-as in you’re going to lose your house cause we don’t want to lose any money so just quit your whining and go borrow some more money somewhere..don’t know where..not from us..see you in the mall..
I had to grin when I heard the warm(as warm as a banker can ever get) applause from the members assembled in the richest most powerful city in the richest most powerful country soon to lose its own credit rating.
The Chinese must be grinning too.
Time to cash in those American dollars.