Excerpt:
To make matters worse, McCain said that the United States may have to lead by example. The Senator wants to set an example for those recalcitrant Indians and Chinese, who haven't bought the notion that crippling their economies to satisfy a dicey hypothesis-that is a good bet to be an outright fallacy-is in the best interests of their nations. Arbitrary action by the United States would amount to economic death wish fulfillment. Global engagement would likely produce a worldwide depression. But for liberals and FDR sentimentalists, that may prove quite a boon for the government activism trade.
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