Bush Announces Meeting with Interntional Leaders

I think on the way out President Bush is trying desperately to exit on some what of a positive note. At least it seems to me, that way. Today he announced in his weekly address to meet with international leaders to speak about the changes across the globe that needs to be addressed. He's trying to stress that fact that the bailout measures were an emergency necessity and not one that he would implement or agree to at all, given normal circumstances. It's a good thing that he says that, because, loosing our edge as a free market capitalist economy would be a dreary thought. In most other forms of economic systems globally, the U.S. economy for all it's free trade and competition is not easily implemented in other socialist, protectionism economies. Although others wouldn't admit it, Japan, China, Europe, or at least, the people of those countries might not admit, every G7 country needs to implement the checks and balances of a capitalist economy.

As this crisis has unfolded it has been evident the effects of technology, global systems integration, has had on other nations. It's a evidence of creative destruction; the battle of the old with the new, and the requirement that investors, systems, economies, have to commit to a newer globally managed financial economy due to the 21st century reality, that as we advance in age and technology, everyone must change or die. This crisis is an example of that. Young active managers/ Wall Street; technolly savy managers and OTC trading of asset backed securities.

China in it's current economic state needs to adhere and respect to global investment opportunities, and domestic currency practices to promote integrity. What is China's current stance on this crisis? That they will watch what they invest; as far as American securities in the future. This is the same type of attitude they have shown in the late 90's in not taking the same measures as the U.S. during the Savings & Loans crisis, in creating the RTC, but forcing their banks to continue to work with their citizens to payoff their loans. I can see the crash that China may experience during the 21st century which is a clash between current economic practices and the requirment for China to commit to broader measures of economic integrity.

I feel that it's imperative that measures be taken globally to stem a future flashback of current globalism. I'm not completely certain on more regulatory actions in this country as that could also hinder our ability to get out of this mess. With the Presidential candidacy winding down it's imperative that we have a White House committed to cutting wasteful spending. It's certainly not a free ride anymore; as the Bush administration has done so well. We need tactful measures to come from the White House to cut spending, curb existing mandates, to commit to reducing the national debt, and to commit to pushing global economies to acknowledge free market capitalism as a necessity to overall financial strength as a globe and to increase the standard of living, not only in the U.S. but globally.