Life is good for President Obama and the Democrats right now—but David Frum warns of turmoil on the horizon. The White House may not have the upper hand in the "fiscal cliff" debate for long, especially if ambitious Republicans like Paul Ryan choose to lay down a gauntlet. Then there's the potential freezing over of the Arab Spring, wherein a revolution that has seen an Islamist seizure of power leads to instability for oil producers and, in effect, the global economy. Speaking of which, China stands poised to replace the United States as the world's largest economy in the next decade. In Newsweek, Frum warns that President Obama better not let America's decline happen under his watch, lest it taint his legacy.
No comments:
Post a Comment