“A bravado performance.” –Eliot Spitzer talking about the State of the Union, accidentally speaking truth on Countdown
Robert Fisk, London Independent:
In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.
I think this is less important a development than Fisk does. But it’s a sign that Obama’s statement that America is not in decline is pure bravado.