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In what U.S. Treasury Secretary admitted was a â€œhumbling, humbling timeâ€ for the country, Congressional members of Americaâ€™s two major political parties spent the weekend hammering out a rescue package for the nationâ€™s financial beleaguered system. The plan, if ratified as expected by Congress, calls on the U.S. government to spend up to $700 billion purchasing â€œtroubled mortgage assets of crippled financial firms.â€
Less than twelve hours after Democratic presidential nomination Barack Obama made waves with his acceptance speech at the Democratic National Convention, John McCain made tsunami with his selection of Alaskan...
With both candidates spending some time abroad to explain their foreign affairs strategies (Obama currently in Afghanistan and soon in Europe, McCain in Mexico and Colombia) the rest of the world wonders whether they should celebrate this new emphasis on international relations or expect a potential backlash for either candidates.