Glenn Reynolds writes at Instapundit:
Asia Times; Post-US world born in Phnom Penh
"It is hard to fathom just what President Obama had in mind when he arrived in Asia bearing a Trans-Pacific Partnership designed to keep China out. What does the United States have to offer Asians?
"It is borrowing $600 billion a year from the rest of the world to finance a $1.2 trillion government debt, most prominently from Japan (China has been a net seller of Treasury securities during the past year).
"It is a taker of capital rather than a provider of capital.
"It is a major import market but rapidly diminishing in relative importance as intra-Asian trade expands far more rapidly than trade with the United States.
"And America's strength as an innovator and incubator of entrepreneurs has diminished drastically since the 2008 crisis, no thanks to the Obama administration, which imposed a steep task on start-up businesses in the form of its healthcare program. "
Isn't this what Rev. Wright, Bill Ayres Bernie Sanders, Maxine Waters, et. al. wanted for the United States? We deserve the kind of government we got. My regret is that those who voted for this leftist regime are generally too ill-informed to comprehend the damage taking place before their very eyes.
"It is symptomatic of the national condition of the United States that the worst humiliation ever suffered by it as a nation, and by a US president personally, passed almost without comment last week. I refer to the November 20 announcement at a summit meeting in Phnom Penh that 15 Asian nations, comprising half the world’s population, would form a Regional Comprehensive Economic Partnership excluding the United States.I’m not sure Barack minds this diminution in U.S. power and prestige.
"President Barack Obama attended the summit to sell a US-based Trans-Pacific Partnership excluding China. He didn’t. The American led-partnership became a party to which no-one came.
"Instead, the Association of Southeast Asian Nations, plus China, India, Japan, South Korea, Australia and New Zealand, will form a club and leave out the United States.
Asia Times; Post-US world born in Phnom Penh
"It is hard to fathom just what President Obama had in mind when he arrived in Asia bearing a Trans-Pacific Partnership designed to keep China out. What does the United States have to offer Asians?
"It is borrowing $600 billion a year from the rest of the world to finance a $1.2 trillion government debt, most prominently from Japan (China has been a net seller of Treasury securities during the past year).
"It is a taker of capital rather than a provider of capital.
"It is a major import market but rapidly diminishing in relative importance as intra-Asian trade expands far more rapidly than trade with the United States.
"And America's strength as an innovator and incubator of entrepreneurs has diminished drastically since the 2008 crisis, no thanks to the Obama administration, which imposed a steep task on start-up businesses in the form of its healthcare program. "
Isn't this what Rev. Wright, Bill Ayres Bernie Sanders, Maxine Waters, et. al. wanted for the United States? We deserve the kind of government we got. My regret is that those who voted for this leftist regime are generally too ill-informed to comprehend the damage taking place before their very eyes.
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