Portents If the Bush administration’s embrace of both unilateralism and third world deficit financing really does signal the twilight of the American era – and if projections of the budget deficits to come are accurate, it is hard to see post Bush America as anything more than a much bleaker place – one wonders what happens after the hegemon self destructs? There’s a story in Fortune this week by Vivienne Walt about the deals being made between the Iranian government and China’s businesses that might be a small indicator. A little background music, maestro. The U.S., pursuing its cordon sanitaire around Iran, long ago set itself up for a Persian Gulf policy that was completely at odds with reality. Of course, the Bush people, exemplary nitwits, have been the enthusiastic gravediggers of that policy, going from an unnecessary invasion to a war crime studded occupation to the current narcotized superfluity as patrons of the coming Iraq Islamic Republic. Always trust these people to turn
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