President Obama's Asia Failure

Sitting here in Singapore as President Obama went through China and flew home from his 8-day trip to Asia, it is perhaps easier to see the true truth of his trip—it’s deep failure. The entire neo-liberal economic model promoted by the US over the past decades is now held in such disregard in Asia that a President representing the US system must suffer from the model’s decline. Soft power, such as culture and economic models, is always a major component of projecting a nation’s power around the world. Right now Wall Street, Alan Greenspan and the Chicago-school of market mania has so undercut America’s standing in Asia by the horrible recession they caused, that even President Obama’s popularity couldn’t overcome it’s negative impact.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.