Our descent

The US of A seems to be descending into governmental hell and I sense a nervousness around the world.  Obama seems to be delivering what the rest of the world has always clamored for - a less powerful, obliging, apologizing US of A and a determination to rein in profit-takers and in turn protect the working class (this is the class that voted for Obama and the Democrats).  Contracts do not seem to matter anymore - I wonder if Obama passed his Contracts law class (perhaps he dismissed all that talk about Contract Law as unnecessary and wrong).  The AIG mess (unleashing populist anger against a small group of people who had nothing to do with the insurance mess, yet ignoring the mess that Fannie and Freddie made), the thuggery involving SECURED creditors against Chrysler and the awarding of majority shares to the UAW (who I am sure will come back to Obama for more money even though they and the Feds have always been responsible for this mess) and on and on.  Where is all this going to stop?  

The rest of the world enjoyed US bashing when we were strong and our economy hummed along nicely, bringing the fruits to everyone - now that we are struggling and the rest of the world is ALSO struggling, countries are waking up to the reality that they do need the US of A after all.  In fact they need the US of A as that dynamic, open, unfettered by government system - NOT what they have in their own countries.  The rest of the world is worried that finally they will get what they have been asking for - Obama transforming this economy to do what he bids it to do.  Watch as the banks and car companies and oil companies and chemical companies are bullied to do what Obama says they have to.  

I hope fund managers start unravelling their positions with the largest US corporations while convincing business friendly countries to open up their economies.  This is indeed a giant opportunity for countries like India, Ireland, Australia, New Zealand ... to tell the world that THEY are open to business - Come one, come all.  Let Obama have his anti-business tantrums while the world moves along and eclipses the US.