Letter from Washington: Don’t Bet on America’s Decline

After reviewing the ills that beset America, from a weak economy to a misguided
energy policy, from failing schools to costly health care, Barack Obama focused
on the nation’s mood. ‘Less measurable, but no less profound,’ the new President
suggested in his inaugural address, ‘is a sapping of confidence across our land; a
nagging fear that America’s decline is inevitable, that the next generation must
lower its sights.’

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