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By Brahma Chellaney
Beijing's creeping aggression signals a challenge to U.S. presence in the Asian Pacific
Independent voices from the The Washington Times Communities
Topic - Niall Ferguson
Niall Ferguson is an acclaimed economic historian. He has authored a number of well-received books. One, "The Ascent of Money," became the basis for an award-winning PBS series. Mr. Ferguson is also a professor at Harvard and a senior research fellow at Oxford's Jesus College and Stanford University's Hoover Institution.
Niall Ferguson, a Harvard history professor and author, is apologizing for saying economist John Maynard Keynes didn't care about the future because he was gay and had no children.
At the Democratic National Convention a few weeks ago, President Obama told the country that the economy he inherited was not something that could be fixed in four years. Rather, he said, it will take him a second term to fully realize the fruits of his policies and experience a robust economic recovery.
It has been a very rough patch for Our President, and I do believe it is going to get rougher still. Do not be surprised as the month goes on and August runs into September, that his campaign budget becomes tighter. President Obama is spending more money than he is raising. It will get worse.
Uh-oh: Mothers are vexed with the Democratic Party for its plan to "credential" infants at the Democratic National Convention next month in Charlotte, N.C., not to mention the lack of child care at the event.
Terms such as self-reliance, rugged individualism and risk-taking are embedded in the American lexicon. We identify as a people who turned a continental wilderness into the world's most productive nation. We claim to honor successful entrepreneurs and esteem profitable innovators.
Europe dodged a bullet last week in its efforts to manage its debt crisis, which is now in its third year. The Greek election kicks the can down the road a bit, and gives the eurozone a chance to focus on other pressing problems. It looks like the European endgame is to muddle through the succession of challenges posed by the common currency while the Continent prepares for a more disciplined fiscal union. The economic imbalances in Europe are seemingly too severe and intractable to do much else. It is not clear whether Greece, for example, will be able in the long term to both remain in the eurozone and meet its obligations, but at least the day of reckoning has been put off for a while.
One of the joys of my long life in journalism is spending so much time in the company of smarter people. Even when I disagreed with them, invariably there was something to learn or at least reconsider.
So it ends. The United States is leaving Iraq. I'm solidly in the camp that sees this as a strategic blunder. Iraqi democracy is fragile, and Iran's desire to undermine it is strong.
We are borrowing more than $5 billion per day. That's $35 billion per week to run our government, totaling more than $1.5 trillion in borrowed money just to run it this year.
Mr. Ferguson also notes the decline in citizen engagement, as reflected in lower participation in private associations of all types.
"The voters now face a stark choice. They can let Barack Obama's rambling, solipsistic narrative continue until they find themselves living in some American version of Europe, with low growth, high unemployment, even higher debt — and real geopolitical decline. Or they can opt for real change: the kind of change that will end four years of economic underperformance, stop the terrifying accumulation of debt, and reestablish a secure fiscal foundation for American national security," Mr. Ferguson says in the grand finale of his lengthy account, which dwells on health care, the economy and the Romney/Ryan ticket.