cont'd at:
http://www.tompaine.com/articles/20051207/that_endofempire_feeling.phpThat End-Of-Empire Feeling
David Corn
December 07, 2005
David Corn writes The Loyal Opposition twice a month for TomPaine.com. Corn is also the Washington editor of The Nation and is the author of The Lies of George W. Bush: Mastering the Politics of Deception (Crown Publishers). Read his blog at
http://www.davidcorn.com.Is the United States in the last throes of empire? That sounds like an ideologically loaded, fatalistic and defeatist question. But it's what I've been wondering about at the start of this holiday season. Might future historians look back at the Bush II days and ask if this was the point when the country started slipping? Might the war in Iraq be regarded as a desperate act of a superpower that had already peaked? Will economists of the latter 21st century examine our economic decisions and say, "What were they thinking?" Or has the Grinch gotten to me?
Treasury Secretary John Snow says 'tis the season to be merry because the malls are crowded and the American economy, under the watchful gaze of George W. Bush, is on the move. But perhaps a touch of foreboding is merited. The White House and its conservative pals, trying to take advantage of the cheery season, have recently started a new campaign that claims Bush has been denied the credit for an economy that is expanding at a decent clip and that produced 215,000 jobs last month. In fact, polls show that most Americans—whether they're happy in the malls or not—have a downbeat view of the economy. And there are solid reasons why Americans should not put aside concerns about the country's long-term economic prospects and why Bush should not be pronounced the savior of the American economy.