Saturday, November 10, 2012

"America" will affect the entire world

From the Daily Mail on November 7, 2012 (hat tip to Mark Alexander of A New Dark Age Is Dawning):
New dawn? This looks more like a new dusk

...The most sensible policy – which a Romney administration would have pursued – is deficit reduction. Instead, the second Obama term will increase the deficit, further diminishing America’s economic power and credibility....

[...]

Obama’s supporters claim the worst is over, and the best is yet to come.

Such clichés patronise not merely the American public who, by re-electing him, have chosen the soft option rather than a confrontation with economic reality. They also patronise a substantial part of the developed world that, even if it no longer looks to America for political leadership, relies for its standard of living on the US being economically strong.

On the evidence of the past four years, notably Mr Obama’s record of serial economic incompetence, the next four are going to be exceptionally trying – and, sadly, not just for Americans.

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