President Obama's Asia FailureBy
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.
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