THE world is reeling under the weight of the present economic crissis. The US stocks took a further beating today and caused further deterioration of confidence among institutional as well as individual investors alike. While the present economic turmoil is widely discussed and speculated as being next to only the Great Depression of the 1930's, it is by size far smaller and should be easier to fix.
The onset of US Presidential elections with a very probable change of incumbant in the White House, from big business favorite Republican to a Democrat widely seen as a liberal, also contributes to the uncertainty in some measure. Irrespective of who finally wins the Presidency, the US appears to be on the threshold of revolutionary change in many ways, and some of which should herald a new era in economics, politics, international leadership and technological advancements.
For Sri Lanka, the advent of a new President in the US could have potentially serious consequences. For quite a while Sri Lankans home and abroad have been closely watching and following up on the evolving scene, sometimes in trepidation as one time presidential candidate Hillary Clinton openly declared Tamil Tiger terrorists to be freedom fighters. With such intellectual incapacity it is little wonder that she is no longer in the race.
Watching the contestants Obama and McCain, something which comes through with clarity is how much they both still remain in the same page with the present regime, which they both criticize for diplomatic failures worldwide. Interestingly, there has not been any clear evidence that either of these would prefer to deal with identified terrorists any differently than the Bush White House has done over the past years. Also, given the magnitude of the economic crissis they are about to inherit, it is doubtful whether the new administration would have enough time to devote to a low intensity conflict in a far away Third World country. Nevertheless it may be in Sri Lanka's own interest to cause maximum damage to the LTTE before the change of Presidency takes place in the US.
The onset of US Presidential elections with a very probable change of incumbant in the White House, from big business favorite Republican to a Democrat widely seen as a liberal, also contributes to the uncertainty in some measure. Irrespective of who finally wins the Presidency, the US appears to be on the threshold of revolutionary change in many ways, and some of which should herald a new era in economics, politics, international leadership and technological advancements.
For Sri Lanka, the advent of a new President in the US could have potentially serious consequences. For quite a while Sri Lankans home and abroad have been closely watching and following up on the evolving scene, sometimes in trepidation as one time presidential candidate Hillary Clinton openly declared Tamil Tiger terrorists to be freedom fighters. With such intellectual incapacity it is little wonder that she is no longer in the race.
Watching the contestants Obama and McCain, something which comes through with clarity is how much they both still remain in the same page with the present regime, which they both criticize for diplomatic failures worldwide. Interestingly, there has not been any clear evidence that either of these would prefer to deal with identified terrorists any differently than the Bush White House has done over the past years. Also, given the magnitude of the economic crissis they are about to inherit, it is doubtful whether the new administration would have enough time to devote to a low intensity conflict in a far away Third World country. Nevertheless it may be in Sri Lanka's own interest to cause maximum damage to the LTTE before the change of Presidency takes place in the US.
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