The Current Discussion: Will the U.S. financial crisis lead to an erosion of U.S. influence comparable to the Iraq war?

There is no doubt that this financial meltdown marks a defining moment for America's global influence. My guess is that America will weather this crisis, partly due to the government rescue plan and partly due to the ingenuity of the American people. But it is also my guess that the rest of the world may not be ready to undergo the same fear again and may opt to build shock absorbers against any similar future eventualities.

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