Doug
On May 23, 2007, at 1:10 PM, Steven L. Robinson wrote:
> All of which suggests no speedy withdrawal from Iran or Afghanistan
> and no reduction of the US military budget in the event the Dems
> win the Presidencey in 2008. SR
>
> -------------- Original message --------------
> From: Doug Henwood <dhenwood at panix.com>
>
>
>> Both Summers and Volcker looked stunned into silence for a while, and
>> then Summers said that that was a "powerful" observation couched as a
>> question. And Volcker expressed concern that managing a crisis would
>> be much more difficult now with the U.S. "politically weakened" and
>> the target of so much "antagonism" around the world. He worried that
>> Europe and the Asia might go off on their own. Someone else asked who
>> out there might "lend a hand" if the U.S. hit a wall. Another long
>> pause, and then Volcker doubted anyone would raise his hand as
>> volunteer, which prompted nervous chuckles.
>>
>> Doug
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