Today, in 1941, FDR signed the Lend-Lease Act, allowing the United States to ship supplies on loan to nations fighting Nazi Germany. At the end of 2006, Great Britain made its last annual payment ($83 million) to the United States, paying off its debts to the US arising from WWII.
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This week, President Obama took the unprecedented step of personally chairing a meeting of the United Nations Security Council. In an address to the General Assembly the day before, The President of the United States, with American power and influence on the decline around the world, declared yet again that, “No world order that elevates one nation… over another will succeed.”
It seems lost on the American President that he was not elected to create or perfect a world order, but to elevate the interests of the United States. He was not selected by a world assembly but by Americans, who extracted from him a sworn oath to defend the Constitution of the United States from all enemies, foreign or domestic. That same Constitution calls the president the Chief Executive of the Untied States. Imagine if the chief executive of Wal-Mart attended an economic forum and suggested a willingness to make his company less successful in the interest of promoting the perceived success of his competitors. It is unlikely that he would remain CEO for long… (more…)
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