Addressing Cuba's parliament in its first session since lawmakers selected him to succeed his older brother Fidel in February, Raul Castro announced no major reforms, but suggested that global economic turbulence could lead to further belt-tightening on the island."Socialism means social justice and equality, but equality of rights, of opportunities, not of income," the 77-year-old president said in a speech that was taped and later aired on national television. "Equality is not egalitarianism."
I bet George envies Raul’s ability to just come right out and say it.
This can’t be too pleasing for all those poor Cubans to hear. On the other hand, what belt?
Meanwhile...
The last thing the Bush White House and the rest of the country needed in these economically trying times was another financial crisis. But they got one.
The Bush White house may be perfectly okay with that. It does seem as though they’ve been trying to destroy this country.
The Republican administration and Democratic-run Congress now are facing the possibility that mortgage giants Fannie Mae and Freddie Mac, once staid and stable, could need a bailout or even go under.Their default would send shock waves through already distressed financial markets, drive the U.S. economy further into recession territory and make it even harder for people to obtain mortgages or refinance their homes.
Is there room in the third world for one more?
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