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Politics : View from the Center and Left

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From: Dale Baker	1/4/2013 8:48:23 AM
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THE BIG IDEA – Cover of The Economist, “America turns European: A broken system, a lousy deal and no end in sight … America’s European moment: The troubling similarities between the fiscal mismanagement in Washington and the mess in the euro zone”: “The saddest thing about this week’s deal is how unaware Messrs Obama and Boehner seem to be of the wider damage their petty partisanship is doing to their country. National security is not just about the number of tanks or rockets you have. … Why should developing countries trust American leadership, when it seems incapable of solving anything at home? And while the West’s foremost democracy stays paralysed, China is making decisions and forging ahead. This week Mr Obama boasted that he had fulfilled his mandate by raising taxes on the rich. In fact, by failing once again to clear up America’s fundamental fiscal trouble, he and Republican leaders are building Brussels on the Potomac.” See the cover. econ.st Read the editorial. econ.st

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