Institute for the Study of Succession and Continuity

Photo by Eric Draper, www.whitehouse.gov
 
 
 
 
 
By Boni L. Lord
updated Oct. 13, 2008 
 
(page 1 of 4)
 
The present occupant of the White House is a very unpopular president.
 
With a continuing War on Terror waged on two battlefronts and no end in sight, the loss of more than four thousand brave American soldiers and counting, add to that the beleaguered financial institutions of Wall Street and the battered global economy, not to mention a whopping national debt plus the specter of the disaster of Katrina, the forty-third Chief Executive is the obvious scapegoat.
 
Some would say even Richard Nixon had more endearing qualities and policies than George W. The former, without a doubt, was a better orator.
 
But in the midst of the economic and financial turmoil happening in Wall Street and all over the world, it is only now that we can begin to see the strategic importance of the American-led occupation of two Middle Eastern countries.
 
To further appreciate this, go back several years and consider this alternate scenario:
 
After replacing the Taliban and Saddam Hussein, an American-initiated transitional government is put in power in Iraq and Afghanistan. By 2006, with casualties climbing to more than two thousand and a growing clamor for a military pull-out, the last American soldiers leave and go back to the United States.
 
Everything seems fair and amicable. Or so it seems.
 
Unfortunately, by September 2008, financial markets all over the world are battered by the American debt mortgage crisis and the consequent failure of several of its banking institutions: Freddie Mac and Fannie Mae are nationalized; Merrill Lynch is bought by Bank of America; and Wachovia ends up merging with Wells Fargo.
 
A month later the $700 billion bailout is passed into law and the whole nation tries to avoid an economic depression. It would take years, and an inexperienced new president, to restore confidence in the markets.
 
Then the vacuum left in the global political economy begins to fill.
 
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