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Lord Black does not like what he sees.

Can America Pull Out of Its Nose-Dive? - January 30, 2011 - The New York Sun:
The United States is a rich country whose people are patriotic and hard-working. It is disoriented and very corrupt, and all its elites have failed. And yet it has no real rivals. Europe is crumbling, even more idle and debt-ridden than the United States, and withering demographically, almost comatose after generations of paying Danegeld to the urban mobs and small farmers. Japan is a geriatric workshop; Russia is an alcohol-sodden, self-depopulating gangster-state; and India, China, Brazil, and Indonesia comprise over three billion people, more than two-thirds of whom live as they did 3,000 years ago. They are putting up good economic-growth numbers, but China’s inflation rate is now in double digits, and all of those countries are largely dysfunctional and will require decades to have any chance of seriously rivalling America. This should provide time for the United States to pull out of its nose-dive. President Obama said, “We do big things.” The United States has, but after this presentational fiasco, I would not like to think of what he might have in mind for an encore.


Via GVDL.

RTWT. I really don't have anything to add to this.