The man who set out to reinforce unbridled American power has weakened it in all three essential dimensions
Timothy Garton Ash
The Guardian, Thursday September 25 2008
"......I would sum up his two terms in four words: hubris followed by nemesis.
Remember the mood music of eight years ago. The greatest power the world has ever seen. Rome on steroids. An international system said to be unipolar, and Washington's unabashed embrace of unilateralism. The US as "Prometheus unbound", according to the neoconservative commentator Charles Krauthammer. Wall Street investment bankers bestriding the financial globe as Pentagon generals did the military globe and Harvard professors the soft power one. Masters of the universe. Personifying that hubristic moment: George Walker Bush.
And now: nemesis. The irony of the Bush years is that a man who came into office committed to both celebrating and reinforcing sovereign, unbridled national power has presided over the weakening of that power in all three dimensions: military, economic and soft......
Economically, the Bush presidency ends with a financial meltdown on a scale not seen for 70 years. The proud conservative deregulators (John McCain long among them) now oversee a partial nationalisation of the American economy that would make even a French socialist blush. A government bailout that will total close to a trillion dollars, plus the cumulative cost of the Iraq war, will push the national debt to more than $11 trillion. The flagships of Wall Street either go bust or have to be salvaged, with the help of government or foreign money. Most ordinary Americans feel poorer and less secure......"
Timothy Garton Ash
The Guardian, Thursday September 25 2008
"......I would sum up his two terms in four words: hubris followed by nemesis.
Remember the mood music of eight years ago. The greatest power the world has ever seen. Rome on steroids. An international system said to be unipolar, and Washington's unabashed embrace of unilateralism. The US as "Prometheus unbound", according to the neoconservative commentator Charles Krauthammer. Wall Street investment bankers bestriding the financial globe as Pentagon generals did the military globe and Harvard professors the soft power one. Masters of the universe. Personifying that hubristic moment: George Walker Bush.
And now: nemesis. The irony of the Bush years is that a man who came into office committed to both celebrating and reinforcing sovereign, unbridled national power has presided over the weakening of that power in all three dimensions: military, economic and soft......
Economically, the Bush presidency ends with a financial meltdown on a scale not seen for 70 years. The proud conservative deregulators (John McCain long among them) now oversee a partial nationalisation of the American economy that would make even a French socialist blush. A government bailout that will total close to a trillion dollars, plus the cumulative cost of the Iraq war, will push the national debt to more than $11 trillion. The flagships of Wall Street either go bust or have to be salvaged, with the help of government or foreign money. Most ordinary Americans feel poorer and less secure......"
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