Prime Minister Vladmir Putin told a cheering meeting of his United Russia Party the cause of current economic upheaval was the result of American economic failures. He expressed confidence his nation would weather the American storm of failure because due to his brilliance in saving hundreds of billions of dollars, Russia is in a strong economic situation and will emerge even more dominant on the world scene. “We can and must come out of the global instability stronger and more competitive.” Putin blasted American “cheap-money doping and mortgage troubles” for creating the current crisis.
An outside observer would have difficult recognizing there was a president in Russia who theoretically is the main leader of the nation since Putin mainly spoke about his own super efforts to develop the Russian economy. His message to the Russian people is just look in my direction if you want reassurance things will be OK in this time of turmoil and uncertainty.