December 12, 2007 (LPAC)--Lyndon LaRouche and EIR news service showed that Rudy Giuliani is "set up" to fail as a U.S. Presidential candidate so New York City Mayor, Michael Bloomberg, would be seen riding in as a "man on horseback," a Republican or Independent contender ("The Rudy Bomb--Defused," EIR, Nov. 23,). The Washington Post, Dec. 12, published a graph, front page, dramatically illustrating the plummetting support for Giuliani in the month since EIR exposed that "set-up"; while the same day's Financial Times puts front and center a Comment piece by Bloomberg, a rousing pep-talk and stump speech for globalization and free trade, warning that "America must resist protectionism."

"Countries that run away from globalization in the 21st Century will pay a heavy price for decades to come," Bloomberg writes, boasting that he, as Mayor of NYC, has reformed public education, and helped to make America's students more competitive in the global marketplace. Pushing governmental, band-aid supports of failed economic policies, he presents himself as the "courageous leadership" that this moment in history requires to supposedly capitalize on the promise of the American dream. And the Financial Times prints it with a straight face.

What the Financial Times is certainly not going to print is that LaRouche has consistently and most helpfully provided a real antidote to this insanity, with the introduction of the Homeowners and Bank Protection Act of 2007. During discussions in the follow-up to his international LPAC webcast of July 25, 2007 LaRouche wrote, "We have entered the first phase, which is typified by the collapse of a global real-estate bubble on which the entire current monetary-financial system hangs today. The most immediate of these challenges, is being presented at this time. The U.S.A. and other governments must now react to the need for an immediate placing of home mortgages and chartered banks of the U.S. under bankruptcy protection by law. This measure is the indispensable lawful protection needed to prevent an uncontrollable, chain-reaction, hyper-inflationary collapse of the present world monetary-financial system as a whole."

Bloomberg seems to be advertising, "I could make it worse, yet!."