Obama and the Rise of the Rest
The US will remain a powerful part of the global system, but America's new president must recognize his country's lasting strengths while accepting new limits. President-elect Obama has shown pragmatism and realism, and that weakness consists in a refusal to acknowledge the world as it is.
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NEW YORK – American elections usually produce a brief euphoria; the public sense of renewal, of future possibilities, acts as a shot of adrenaline. This year, however, the palpable relief and celebration will be tempered by the widely shared sense that all is not well in America.