Where is globalism in the US financial crisis?

Title of Post: Where is globalism in the US financial crisis?

I have been making notes on the financial meltdown during the last couple of days for a post on this most important economic issue of reestablishing a healthy financial system in the US and globally. I feel that a sustainability sociologist with training in international affairs and divinity I should be able to make some contribution.

Much of what I was going to write about the US bailout and the Paulson plan that is being debated today in Congress was presented in an email message of Vermont Independent Senator Bernie Sanders. He wrote a letter to Paulson and urged citizens to co-sign his letter. He also presented his case by a video of a couple of minutes making his most important points. Here is this most important URL http://sanders.senate.gov/petitions/?petition=Financial_Crisis_1

There is one area that I feel his, Paulson’s and probably 95% of the US population’s opinions fall short on. It is the global dimension.

While on second thoughts Paulson included US operations of foreign banks in this bailout plan, his plan does not consider the international economic system that enriches the few, impoverishes the many and endangers the planet. Given that the US financial system is (still) so dominant in the global financial system or at least so interdependent with the other economies and not only of the OECD countries, the time has come for the US to take leadership in humility and boldness to start working towards a healthy, i.e. socially and ecologically sustainable financial and economic system.

I for one oppose rushing into this bailout before the November elections. I for one hope that Mr. Obama will be voted to the US president, because, in many ways, he has the skills, character and temperament to bring people together in the US and abroad.