Difference between the Spaniards and the US; we never, ever repudiated our debts (the Confederate debts are another matter).
It would appear our goal to globalize our markets had the unintended effect of giving the rest of the world the oppty to select our president. If the Euros, Saudis and Japanese decide they don't like our politics they can start that ball rolling by liquidating their investment in our companies. Zogshyattby latest poll is a testament to their effectiveness as a voting block.
President Bush will not get re-elected if our markets stay don't bounce back with vigor. That's a dead certainty.