Stefano Casertano: U.S. May Copy Fading British Empire
Stefano Casertano is an international politics expert, author and journalist residing in Berlin, with a focus on global economics and energy affairs.
Barack Obama has been reelected by concentrating on domestic issues. A look beyond US borders would have been unbearable to American voters anyways. That isn’t Obama’s fault: Foreign policy problems usually come with a long history, and we certainly can’t blame the president for not forecasting global turmoil.
Yet we can admit that the global panorama resembles a painting of apocalyptic proportions. The four horsemen: Iranian nuclear frenzy, Islamic revolts, Eurozone breakdown and Chinese slowdown. There’s also a fifth horseman of US domestic origin: the federal deficit. "The Economist" believes that this might indeed be the most powerful threat – an opinion that is shared by the "New York Times" (which published an article right after the presidential election titled Back to Work, Obama Is Greeted by Looming Fiscal Crisis).
The claim is that the US cannot pursue small-state taxation levels and big-state spending at the same time. And there’s the additional worry that the US would feel the consequences of international turmoil as soon as any of the four global horsemen rears its head.
US president are seldom reelected on foreign affairs – but elections can surely be lost on them...
comments powered by Disqus
- New museum in Poland -- the grandest space created since 1989 -- tells the story of the Jews
- Lewinsky mistreated by authorities in investigation of Clinton, report says
- Scientists Say Proof Of Jack The Ripper's Identity Is Fatally Flawed
- Memorial for black Revolutionary War soldiers finds spot on Mall after 30 years
- Sherlock Holmes star to feature in a new movie about Alan Turning
- How Laurel Thatcher Ulrich caught up with the past
- Postal Workers Take on Harvard President, historian Drew Faust
- Symposium held in honor of John D’Emilio
- Thousands of Historic Archives from British Asylums to Go Online
- American Studies Association boycott of Israel: Conservatives say it’s weakening