Seriously!?!?!

Ass, Elephant,Ass,Elephant...No I am not a elephant ass obsessed pervert, I am just a spectator of the great drama of the American Politics.

( In case you don't know donkey(ass) represents the American democratic party,while Elephant represents the American republicans)

Being a Finance student I have a special interest in reading news pertaining to financial and economic conditions of countries and commodities all around the world. As we all know we are currently in a recession, but my article has nothing to do with repercussions or causes of it, in fact, its about the outrageous part that America plays in shaping the global economy.  Don't get me wrong I do not hate America or Americans on the contrary I love the USA. However, in the past three years I think the biggest super power of the world has abused its stature and has completely failed to live up to its place in the world.

Starting from the Collapse of Lehman Brothers and its likes on the Wall Street till the recent U.S debt debacle, one wonders if the American politicians who are busy fighting the partisan politics really realize that the whole world is affected by every teeny tiny move they make. It took weeks and weeks for the republicans and Democrats to finally come to a consensus pertaining to the US Debt deal..My question is: did none of them gauge the gravity of the situation or know what consequences would the US debt credit rating downgrade pose for the American economy and the global economy?

Moving on, born and bought up in a country like U.A.E. I realize the importance of freedom of speech and just like any American take pride in the First Amendment of US constitution. My question again: Is it really freedom of speech anymore, when politicians and businessmen like Rupert Murdoch distort media content, in the name of freedom of speech, to fulfill their ulterior motives?

http://www.youtube.com/watch?v=2aEk864YrKw

In conclusion, considering the huge impact US has on the global economy and also the fact that there is  virtually no substitute for the US credit and currency...Did the countries all around the world not foresee this day...Did they blindly put all their eggs in one basket?