Energy prices are at all time highs. The US is deeply in debt and dependent on foreign creditors.

November 26, 2007 | America's Days of Reckoning | Good-Bye to All That | By PAUL CRAIG ROBERTS

Pat Buchanan is too patriotic to come right out and say it, but the message of his new book, Day of Reckoning, is that America as we have known her is finished. Moreover, Naomi Wolf agrees with him. These two writers of different political persuasions arrive at America's demise from different directions.

Buchanan explains how hubris, ideology, and greed have torn America apart. A neoconservative cabal with an alien agenda captured the Bush administration and committed American blood, energy, and money to aggression against Muslim countries in the Middle East, while permitting America's domestic borders to be overrun by immigrants and exporting the jobs that had made the US an opportunity society. War and offshoring have taken a savage economic toll while open borders and diversity have created social and political division.
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The Bush administration has been a catastrophe. Its failures are unprecedented. Energy prices are at all time highs. The US is deeply in debt and dependent on foreign creditors. The dollar has lost 60 per cent of its value against other tradable currencies, and its reserve currency status, the basis of American power, is in doubt. The US has lost millions of middle class jobs which have been replaced with low paid domestic service jobs. Except for the very rich, Americans have experienced no gains in real income in the 21st century. As the ladders of upward mobility are dismantled and the middle class struggles and fails, America is left with a few rich and many poor. America's reputation and credibility are damaged perhaps beyond repair. Congress and the press have enabled the executive branch's disregard of the Constitution and civil liberty. The US is mired in two lost wars which are pushing Lebanon and nuclear-armed Pakistan into deepening political crises.

As Buchanan concludes, "Our day of reckoning is at hand."