“Our dollar is crashing, while the price of gold is soaring. The budget deficit has never been worse – and the president wants to float even more debt for health-care and energy initiatives.
“By the end of this presidential term, we may add another $9 trillion to our already astronomical $11 trillion debt. Unemployment has already topped 10 percent. This quarter’s trade deficit reached a near-historic high. Our debtors and oil exporters talk of scrapping the dollar as the common international currency.
“American hesitation abroad reflects the shaky economic news. In Afghanistan, we can’t decide whether to seek victory or admit defeat — or simply vote present by keeping the status quo. President Obama reached out to enemies like Mahmoud Ahmadinejad of Iran and Hugo Chavez of Venezuela. But so far they remain unimpressed, despite his apologizing for an assortment of supposed past American sins.”