Can America still lead?

LONDON

The first week of August 2011 will be remembered as a singularly irrational, wasteful and shameful moment in the political and economic history of the United States. It reflected much of what is wrong with the priorities of our political elites and the obsessions of those who now hold effective veto power over our government.

It began with the world hanging on to every development in the debt-ceiling negotiations as it fretted over whether Washington's dysfunction would lead to American default and global calamity. Even robustly pro-American commentators and politicians wondered aloud if the United States could still govern itself.

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Zachary A. Goldfarb 08 Aug, 2011


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