Bringing down its economy, that is, relentless and seemingly blindly. A clarion call from Simon.
We feel it out here in Israel. The dollar is a shadow of its former self, and exporters are suffering (if you get dollars for your exports--such as, for instance, articles published on American websites--those dollars aren't worth much). In our region the bad guys are running wild and no one is stopping them. Iran is striding toward nukes, according to at least one expert it's at the doorstep, and no one is doing anything about it. Turkey, Egypt, and Lebanon get more radical by the day. The bombs are blasting in Libya for no discernible, coherent purpose that would serve U.S. or Western interests. Iraq, Afghanistan, and Pakistan are likely to go down the tubes (though there Obama inherited extremely difficult situations).
While Simon in his powerful piece focuses on the U.S. economy and how the Dems are determined to keep dragging it further and further down with exactly the same reactionary, long-discredited Keynesian formulas, today's Middle East is a foretaste of what the world will look like when American power is no longer much of a factor. And there can be no American power without a decent American economy.
