Two big things all in one day:
- Glenn Beck wonders if secession is on the table for states that are opposed to bailouts (h/t Think Progress). I think it's a valid question- I mean, you had hundreds of protests around the country, people called their "representatives" like never before, and yet the damn thing passed anyway. One of the arguments raised in the Declaration of Independence for secession from England was "For imposing Taxes on us without our Consent"- to say nothing of the taxation to be laid upon future generations when the tab comes due. "Temporary deficits" indeed.
- A professor at the diplomatic academy of Russia’s Ministry of Foreign Affairs said the U.S. will break up because of the nation’s financial crisis. Side note: conspiracy theories don't usually end up on Bloomberg.com unless they have to do with short-selling.
“The dollar isn’t secured by anything,” Igor Panarin said in an interview transcribed by Russian newspaper Izvestia today. “The country’s foreign debt has grown like an avalanche; this is a pyramid, which has to collapse.”
Panarin said in the interview that the financial crisis will worsen, unemployment will rise and people will lose their savings -- factors that will cause the country’s breakup.
“Dissatisfaction is growing, and it is only being held back at the moment by the elections, and the hope” that President- elect Barack Obama “can work miracles,” he said. “But when spring comes, it will be clear that there are no miracles.”
The U.S. will fracture into six parts: the Pacific coast; the South; Texas; the Atlantic coast, central states and the northern states.