Is America Losing Its Influence? - U2 Feedback

Go Back   U2 Feedback > Lypton Village > Free Your Mind
Reply
 
Thread Tools Search this Thread Display Modes
 
Old 11-12-2010, 07:47 PM   #1
Rock n' Roll Doggie
VIP PASS
 
Pearl's Avatar
 
Join Date: Dec 2003
Location: NYC
Posts: 5,634
Local Time: 09:40 AM
Is America Losing Its Influence?

Quote:
Opening The New York Times on Friday morning, I blinked. The headline on its lead story, spread over two columns, blared out, "Obama's Economic View Is Rejected on World Stage." Whether or not you like this president, the headline should make every American wince. Yes, other presidents have experienced setbacks, but it has been a long time since any of them has been so publicly rebuffed in a gathering of the world's major nations. Indeed, since World War II, our presidents have dominated the world's economic decision-making.


There is a suggestion coming from the White House that the press is being unduly dramatic in its reporting on these setbacks. But is this believable about The New York Times? Hardly.
No, what we have here is something more serious: not only a president who is personally weakened by elections at home but a proud nation that is also weakened in the eyes of the world.
For too long, the U.S. has been seen by a growing number of other nations as acting recklessly with our finances. Within less than a generation, we have fallen from being the world's biggest creditor to the world's biggest debtor. Fingers are also pointed at us for causing the Great Recession.
Is America losing its influence? - CNN.com


This was written by David Gergen.


I always thought the US lost its standing on the world stage when we invaded Iraq. Everything went downhill from there.

I do wonder what it would be like if the US has a second rate economy and we're a mediocre country, not a superpower.
__________________

__________________
Pearl is offline   Reply With Quote
Old 11-12-2010, 07:50 PM   #2
Rock n' Roll Doggie
VIP PASS
 
Pearl's Avatar
 
Join Date: Dec 2003
Location: NYC
Posts: 5,634
Local Time: 09:40 AM
Also, your thoughts on this rather bold commercial?

YouTube - Banned US Commercial about the national debt
__________________

__________________
Pearl is offline   Reply With Quote
Old 11-12-2010, 07:52 PM   #3
ONE
love, blood, life
 
financeguy's Avatar
 
Join Date: Dec 2004
Location: Ireland
Posts: 10,122
Local Time: 02:40 PM
American's influence is probably in a period of relative, comparative decline. We are transitioning from a unipolar to a multipolar world.
__________________
financeguy is offline   Reply With Quote
Old 11-12-2010, 07:56 PM   #4
ONE
love, blood, life
 
financeguy's Avatar
 
Join Date: Dec 2004
Location: Ireland
Posts: 10,122
Local Time: 02:40 PM
Quote:
Originally Posted by Pearl View Post
Also, your thoughts on this rather bold commercial?

YouTube - Banned US Commercial about the national debt
Plays to fears about the rising east, but more than a grain of truth also.
__________________
financeguy is offline   Reply With Quote
Old 11-12-2010, 08:08 PM   #5
ONE
love, blood, life
 
financeguy's Avatar
 
Join Date: Dec 2004
Location: Ireland
Posts: 10,122
Local Time: 02:40 PM
Quote:
Originally Posted by Pearl View Post
I do wonder what it would be like if the US has a second rate economy and we're a mediocre country, not a superpower.
What it would be like? Hasn't this, at least arguably, already happened? The US still has the best universities (but only for the gifted and comparatively priviledged), it still has Silicon Valley and Wall Street, but it also has second rate medical care (only the 37th best in the world, IIRC?) and a second rate transport system.

It is simply a matter of re-adjusting to the new reality. Losing global economic powerhouse status does not necessarily mean that the US becomes poorer in absolute terms, just relatively so.

Back in 2007/2008, economists were debating whether there would be a rebalancing of global hegemony as a result of the credit crisis in the Anglosphere. I think we have our answer now.

My main fear is for a new era of protectionism which would make everyone poorer.

Let us also remind ourselves that the country that was the economic powerhouse of the 1980s has been mired in recession or at best sclerotic growth for the last twenty years, and apparently if you bought an apartment in the CBD of its capital city in 1989, you still wouldn't get what you paid for it if you sold today. (I'm talking about Japan.)

One thing where the US still has an edge is the culture of innovation and entrepreneurship in Silicon Valley. That is your single greatest asset, as a nation.
__________________
financeguy is offline   Reply With Quote
Old 11-13-2010, 10:21 AM   #6
Refugee
 
A stor's Avatar
 
Join Date: Jul 2007
Location: U.S.A. East Coast
Posts: 2,464
Local Time: 01:40 PM
I saw this commercial on TV. It wasn't band in Maryland.
__________________

__________________
A stor is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -5. The time now is 08:40 AM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.
Design, images and all things inclusive copyright © Interference.com