Why we should be worried about George W Bush

HE world outside the US is now getting used to the fact Americans have a fraudulently elected nitwit as their president, but George W. Bush excelled himself this week with a "long-awaited" definitive speech on Middle East policies that stretched even the weirdest imaginations.

US embassies around the world moved to "explain" the batty future Bush saw for Israel and Palestine, but nothing could disguise that the bedbug was running the White House and anything could happen next.
Hey, look. Even Tom Cruise is worried. In London this week he said he wanted his adopted kids brought up outside the USA because of what happens inside the USA. He listed terrorism and street crime, but very cogently he listed corporate crime as a reason not to bring up kids in the old US of A.

Now, Tom Cruise is not a Grade A rocket scientist. In fact, he is a Grade A Scientologist. On the whole, though, I would say he was brighter than George W. Bush (along with my neighbour's catatonic cat) and it was most intriguing that he named corporate crime as a reason not to want to grow up in America.

The WorldCom affair comes after the Enron affair while the Andersen affair simply defies belief. It has become perfectly clear that major US corporations have been running out of control, throwing billions of dollars into a kind of international financial black hole.

In vain you ask (as I tried to do), well, where has the money gone? I mean, if you back a loser at Randwick, then you know where your money went. If these companies have lost billions – $US3.8 billion in the case of WorldCom – why hasn't somebody won it? Or got it? Where has it gone? Or, more to the point, did it ever exist?