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Nile Gardiner | Under Barack Obama the US faces four more years of decline





The world needs powerful American leadership, the bedrock of which rest upon a sound economy, limited government and free enterprise, as well as a strong national defence. But it certainly won’t be provided by Obama’s imperial presidency. In his first term of office, an administration that worshipped bailouts and big government built up staggering levels of debt that threaten to saddle future generations with the profligate spending of their forefathers. Instead of hope, President Obama offered only the heavy fist of government intervention, rising taxes, increasing poverty and welfare dependency, and an increasingly bitter, angry and insular White House.

There is no reason to expect a different approach in Obama’s second term. His re-election will only embolden his deep-seated left-wing instincts, which are to “transform” the United States into a European-style social democracy. There is good reason why the Obama administration has been a wholehearted backer of the European Project – because it sees its ideals as a role model for America, not a warning.

Under the Obama administration, the very foundations of the world’s only superpower are being undermined by a $16 trillion national debt that has increased by 50 percent under President Obama – a staggering debt per taxpayer of $111,414. Incredibly, US per person debt is now 35 percent higher than that of Greece, according to a chart produced by the Republican side of the Senate Budget Committee.

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