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| Economy |
| Obama acknowledges decline of US dominance |
| 2011-01-17 |
| You can read his musings or you can read the book. Implicitly acknowledging the decline of American dominance, Barack Obama on Sunday said the US was no longer in a position to "meet the rest of the world economically on our terms". Speaking at a town hall meeting in Mumbai, he said, "I do think that one of the challenges that we are going face in the US, at a time when we are still recovering from the financial crisis is, how do we respond to some of the challenges of globalisation? The fact of the matter is that for most of my lifetime and I'll turn 50 next year - the US was such an enormously dominant economic power, we were such a large market, our industry, our technology, our manufacturing was so significant that we always met the rest of the world economically on our terms. And now because of the incredible rise of India and China and Brazil and other countries, the US remains the largest economy and the largest market, but there is real competition." |
| Posted by:tipper |
| #11 #6 O wants to be remembered as another Romulus Augustulus. Posted by borgboy Personally, I've always believed he favours Gaius more than Augustulus. |
| Posted by: Besoeker 2011-01-17 20:29 |
| #10 Just as he wants. |
| Posted by: OldSpook 2011-01-17 20:12 |
| #9 "Yo, Europe: you were never real competition. But thanks for voting for me in 2008." |
| Posted by: trailing wife 2011-01-17 19:21 |
| #8 given his previous comments, I think "Obama celebrates decline of US dominance" would be more accurate |
| Posted by: Frank G 2011-01-17 19:19 |
| #7 Jimmuh Carter's name is remembered well, for all the wrong reasons. This narcissistic POS is destined to overtake him, I suppose |
| Posted by: Frank G 2011-01-17 19:17 |
| #6 O wants to be remembered as another Romulus Augustulus. |
| Posted by: borgboy 2011-01-17 19:15 |
| #5 ...I think he's going with the idea that many remember the name of the captain of the Titanic but not the thousands of captains who transverse the Atlantic without a scratch. |
| Posted by: Procopius2k 2011-01-17 19:09 |
| #4 Be careful what you wish for, Obozo. Not much glory at the helm of a sinking ship, is there? Especially if you're the one who set off the scuttling charge. |
| Posted by: CincinnatusChili 2011-01-17 19:07 |
| #3 Be careful what you wish for, Obozo. Not much glory at the helm of a sinking ship, is there? |
| Posted by: RandomJD 2011-01-17 18:47 |
| #2 Obama There we go. |
| Posted by: ryuge 2011-01-17 18:29 |
| #1 China will be more and more difficult as they believe their power grows. Thomas Sowell has it right. We should declare bankruptcy then our largest creditor China will hear a big sucking sound. Then this"we always met the rest of the world economically on our terms" Our terms?. In his mind we are a great evil empire. We have helped the world many times but will China?. I think not. |
| Posted by: Dale 2011-01-17 18:24 |