success on the South Korean deal or G-20 trade imbalances. ds708 But the reasons behind Obamas failure to nail them down on a presidential trip abroad are more concerning. Obama, on his flight back to the U.S. Sunday, tried to play down the larger implications. Sometimes because weve gone through a tough couple of years, theres a tendency for us to think that somehow Asia is moving and were forgotten, Obama said, And in fact, I think everywhere in Asia, what I heard from leaders and people is that we are still central, and they want us there. That may be, but the American presidents influence has clearly diminished in recent years: a more powerful The united states likely would have succeeded in tightening the trade deal with South Korea and might have convinced the G-20 to agree to fixed targets for limiting trade imbalances.
These failures take on a particular light against the auto diagnostic tool backdrop of Bushs memoirs. It would have been wise to seal these deals when the U.S. had more power to persuade other countries to agree to them. The U.S. is still by far the most powerful country on earth and is likely to stay that way for a long time to come: the markets confidence in U.S. treasuries and America s continued economic and military power make that clear. But America is going through a cyclical waning of influence. Perhaps the experience will bolster arguments for multilateralism in the future.
Tonight’s 60 Minutes Today: John Boehner, Man In The Arena
On 60 Minutes tonight, John Boehner gets mostly friendly treatment. He also takes the opportunity to make clear that he is ready to deal with President Obama. An excerpt, per a release from CBS:
BOEHNER: We have to govern. That s what we were elected to do.
STAHL: But governing means compromising.
BOEHNER: It means working together.
STAHL: It also means compromising.
BOEHNER: It means finding common ground.
STAHL: Okay, is that compromising?
BOEHNER: I made it clear I am not going to compromise on my principles,
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