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By NWV News Director, Jim Kouri
Posted 1:00 AM Eastern
October 19, 2008

The finance ministers of the G-7 countries met in Washington last weekend and many conservatives found their discussions disturbing. In one of his updates for the news media on Friday, President George W. Bush revealed his true feelings regarding "internationalism."

"Secretary Paulson, Secretary Rice and I just had a productive discussion with finance ministers of America's partners in the G7 -- Canada, France, Germany, Great Britain, Italy, and Japan. I'm pleased to be with Prime Minister Junker of Luxembourg, who is the President of the Eurogroup of countries, Managing Director Strauss-Kahn of the International Monetary Fund, President Zoellick of the World Bank, Chairman Draghi of the Financial Stability Forum," Bush said.

President Bush says he's confident The Group of Seven nations will be able to act together to defuse the global economic crisis, but some economists aren't enthusiastic about coupling the US economy with the economies of other nations some of which are socialist or quasi-socialist.

"It is not too extreme to say that the outcome of these meetings could redefine how the financial markets work, certainly for months and perhaps for a generation. While American leaders are arguing that intervention and bailouts are a viable solution, other world leaders, like the British, are arguing for what in effect would be the nationalization of financial markets on a global scale. In other words, Socialism with a capital 'S,'" says political strategist Mike Baker.

"What these internationalists refuse to admit is that underlying this political pressure is a sense that the financial class, people who run global financial institutions, have failed to behave responsibly and effectively, and have therefore lost their legitimacy," adds Baker.

Appearing outside the White House on Saturday, flanked by the leaders of the six other nations that comprise the G-7, Bush encouraged the world's advanced economies to "not wall themselves off and work hand-in-hand to craft a coordinated response to the accelerating meltdown of global stock and credit markets."

"I'm confident that the world's major economies can overcome the challenges we face," Bush said.

"There have been moments of crisis in the past when powerful nations turned their energies against each other, or sought to wall themselves off from the world. This time is different," he added.

Meanwhile, US Treasury Secretary Henry Paulson told The New York Times that Friday's meetings were positive because the US, Britain, Germany, France, Italy, Canada and Japan have committed themselves to five principles, ranging from preventing the failure of important banks to protecting the bank deposits of savers.

But a hoped-for coordinated G7 strategy of injecting government capital directly into key banks in return for ownership stakes failed to gain a consensus observers said, mainly because of opposition from Germany.

"It seems the internationalists have found a new approach to instituting the New World Order: economic turmoil," warns Baker.


"Suddenly the so-called mainstream politicians on both sides of the aisle are more concerned about poverty in corrupt nations than in maintaining a high-standard of living in the United States," Baker added.

Economist Charles Rezko of New York City's CUNY sees this latest economic crisis as perhaps an intentional act. "The Marxists long ago realized that it's not possible to bring all nations to the level of prosperity seen in the United States. So, they've decided to drag down US citizens to the level of poverty that exists in Third-World countries. Sadly, this is how they will achieve their egalitarian goal," said Dr. Rezko.

While the rich and powerful appear to be squandering Americans' legacy, some conservatives are still attempting to work on behalf of citizens.

For example, while the liberal media ignore the G-7 meeting in our capital, some conservative politicos are fighting to remind Americans that uncontrolled illegal immigration contributes to America's economic and crime problems. Senator Elizabeth Dole, for example, released a press statement at the same time Bush was meeting with foreign leaders.

“Through this unique partnership with federal officials, North Carolina sheriffs can utilize the available tools to enforce our laws and help ensure that North Carolinians feel safe in their homes and communities,” said Senator Dole.

“I firmly believe that North Carolina can become a model for the nation on how to identify, apprehend and remove undocumented aliens who have self-identified themselves by committing crimes. Today is a significant step in that direction,” she added.

“As the President of the North Carolina Sheriffs’ Association, I am thrilled that North Carolina will serve as a model for the United States by implementing a plan to remove undocumented aliens who are committing crimes in this country," said Johnston County Sheriff Steve Bizzell.

While officials from many states point their fingers at the conservatives for America's economic woes, they fail to mention that providing free healthcare, free education, and other benefits once reserved for bona fide US citizens contributed to the current economic crisis.

"Currently, organizations such as the Center for Immigration Studies are looking at how many of the housing foreclosures are connected to illegal aliens buying homes they could not afford. Hell, groups such as ACORN encourage illegal aliens to vote, buy homes, support liberal-left candidates and other activities," said Mike Baker.

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"At the same time, our President is meeting with other world leaders putting their interests on an even keel with the interests of the American people. Can the New World Order be far behind?" asks Baker.

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"At the same time, our President is meeting with other world leaders putting their interests on an even keel with the interests of the American people. Can the New World Order be far behind?"