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Edited on Sun Feb-01-04 10:30 AM by Donna Zen
Some thoughts from Wesley Clark:
"What was emerging was more subtle, a more or less informal constellation of interests among several states, including both allies and former adversaries, to frustrate and complicate U.S. policies and objectives that were increasingly seen at odds with their own interests. Fundamentally, this risked unraveling the political and economic structures of interdependence that have proved so favorable to the United States. In the narrowest sense, if foreigners should lose confidence in U.S. leadership and reject the implicit understandings and economic alignments that have led them--especially the central banks of China, Taiwan, and Japan--to accumulate dollar holdings, they could quickly diversify of out dollar assets, triggering a sharp decline in the dollar's values and significantly impacting our economy. Somewhere in the rising U.S. budget deficits, the balance-of-payments current accounts deficits, and the growing resentment of the United States abroad, there may be a "tipping point," as yet undetermined."
Sounds like we are almost there. More Wes on PNAC:
"...we were coercing and pressuring. Without a change in our approach, we were heading toward a less powerful and relevant America, regardless of the numbers of stealth bombers we deplyed or countries we "accessed." If this path led American Empire in the sense of more countries occupied by U.S. troops, it would lead to a poorer, more isolated, and less secure America."
And one more or why Krugman knows that Wes "gets it":
"Transforming frustration at home into action abroad has emerged as a pattern in democracies under stress. It has happened in ancient Rome, in the Netherlands, and in Britain. And like most distractions, it provided false reassurance and was followed by damaging consequences. In Rome, a republic was transformed into an empire, the proud citizenry reduced to a landless plebian class. In the Netherlands and Britain, the "venting" led to jingoism and war, and war to greater financial burdens that essentially undercut the remaining foundations of prosperity."
All of the above are taken from WINNING MODERN WAR, (186-188) a book that is well worth the read.
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