A mere eight months to go until George W. Bush and Dick Cheney leave office — though, given the cast of characters, it could seem like a lifetime. Still, it’s a reasonable moment to begin to look back over the last years — and also toward the post-Bush era. What a crater we’ll have to climb out of by then!
My last post, “Kiss American Security Goodbye,” was meant to mark the beginning of what will, over the coming months, be a number of Bush legacy pieces at Tomdispatch. So consider that series officially inaugurated by Foreign Policy in Focus analyst Mark Engler, who has just authored a new book that couldn’t be more relevant to our looming moment of transition: How to Rule the World: The Coming Battle Over the Global Economy.
The question Engler is curious to have answered is this: If Bush-style “imperial globalization” is rejected in January, what will American ruling elites try to turn to — Clinton-style economic globalization? Certainly, as Engler points out, many in the business and financial communities are now rallying to the Democrats. After all, while John Edwards received the headlines this week for throwing his support behind Barack Obama, that presidential candidate also got the nod from three former Securities and Exchange Commission chairmen — William Donaldson, David Ruder, and Clinton appointee Arthur Levitt Jr. The campaign promptly “released a joint statement by the former SEC chiefs, as well as former Federal Reserve Chairman Paul Volcker, that praised Obama’s ‘positive leadership and judgment’ on economic issues.”!
The United States, however, is a very different creature than it was in the confident years when these men rode high. Now, the world is looking at things much differently. Let Engler explain… Tom
Globalizers, Neocons, or…?
By Mark Engler
Picture January 20, 2009, the day George W. Bush has to vacate the Oval Office.
It’s easy enough to imagine a party marking this fine occasion, with antiwar protestors, civil libertarians, community leaders, environmentalists, health-care advocates, and trade unionists clinking glasses to toast the end of an unfortunate era. Even Americans not normally inclined to political life might be tempted to join the festivities, bringing their own bottles of bubbly to the party. Given that presidential job approval ratings have rarely broken 40% for two years and now remain obdurately around or below 30% — historic lows — it would not surprising if this were a sizeable celebration.