Begging Abroad

This is just sad.

DAVOS, Switzerland (Reuters) - U.S. Secretary of State Condoleezza Rice sought to soothe investor fears about the U.S. economy on Wednesday, saying it was resilient and sound and that Washington remained open to trade and investment.

In the keynote address at the World Economic Forum in Davos delivered against a backdrop of financial turmoil, Rice made a rare foray into world economics and urged her audience of business leaders to have confidence in the U.S. economy.

"The U.S. economy is resilient, its structure is sound, and its long-term economic fundamentals are healthy.

The United States continues to welcome foreign investment and free trade," she said.


People in the US can't fill their tank, pay for their medicine or groceries and manage their mortgage and student loans but that doesn't stop Rice from trying to put a pair of rose-colored glasses on a group of people who aren't stupid enough to watch the Fox Business Channel. Seriously, doesn't she know that these rich European investors didn't get rich by listening to people like her and President Bush?

And on that note, what the hell does she know about the economy? I though she was Secretary of State. Then again, looking at her statements, it's evident that she doesn't really believe what she's saying either. I wish a reporter would have asked her to give them an example of a "long-term economic fundamental." I certainly don't remember my professors in college mentioning that one.

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