Obama’s finally getting around to admitting what he’s doing to, and how he feels about, this great country.
From disliking the idea that America is a dominant military superpower…
“Whether we like it or not, we remain a dominant military superpower…”
…to admitting that his policies are going to insure we never return to the times of unprecedented economic growth and success.
Part of this global rebalancing is that they’re going to have to make some decisions as well about how they are approaching their domestic markets. And, you know, part of the bargain that we’re trying to strike within the G-20 framework is to say, “Look, we’ve got to take on our responsibilities in terms of improving our savings rate. You, on the other hand, have to recognize that a purely export-driven strategy of economic growth is not going to work, in that American consumers are just not going to be in the same position, and the American government is not going to be in the same position, that it’s been in over the last several years.
You wanted change… you got it.











