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Evan Davis spoke to the former president of the Federal Reserve, Alan Greenspan. What's his reaction to the result of US presidential election - and Donald Trump's victory?

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Hillary Clinton clarifies comments on job creation »

Mandelson Worried by Hillary’s Tough Talk
THE TELEGRAPH: The EU's trade commissioner fears this is the last year the Doha trade round will survive, says Ambrose Evans-Pritchard

Peter Mandelson, the EU trade commissioner, has warned Democratic candidate Hillary Clinton, that she risks stirring up a hornets nest by inflaming protectionist sentiment in the United States.

"The things she's been saying reverberate around the world," he said.

"This is the last year the Doha trade round can survive. There is little chance of a breakthrough after this president leaves office. People in the current administration tell me the US is turning into a protectionsist country. It is a serious concern."

Mr Mandelson, the ex-architect of New Labour, once had close ties to the Democratic Party. But his duties as defender of the EU trade system now put him starkly at odds with his former allies and soulmates.

"The Democratic Party is not where it was in the free trade heyday of Bill Clinton, but I don't think it is irretrievable," he said. 



Hillary Clinton has vowed to "review" America's main trade treaties, including the North American NAFTA pact signed by her husband. She has called for measures to "shelter" US companies from foreign investors. 



Her arguments appear to go beyond campaign rhetoric. She now argues that "free trade" doctrines have been overtaken by the rise of cheap labour rivals in Asia, forcing the US to adopt a radically different strategy. "We just can't keep doing what we did in the twentieth century. We have to drive a tougher bargain," she said. Mandelson worried by Hillary’s tough talk >>> By Ambrose Evans-Pritchard

Mark Alexander (Paperback)
Mark Alexander (Hardback)

Electing a President: The US at a Fork in the Road
EDITORIAL: Never in recent history has it been so critical for American voters to make a wise choice at the polls. Never in recent history has so much rested on one ballot. Americans are going to be faced with a decision of momentous importance in November 2008: Whom to elect to the White House.

It is always important to vote wisely, of course; but it is to be hoped that American voters will pay particular attention when voting the next time. Why? Because so much depends on electing the very best president the US can kick up.

Elections in the West have become an opportunity for media-hype on a grand scale. The MSM love to choose a candidate and run with their choice, all the while paying far too much attention to looks and glitz, and paying far too little attention to what each candidate has to offer, paying far too little attention to the candidates’ experience.

Barack Obama seems to be the darling of the media. He has been likened even unto Jesus Christ Himself! This, of course, is totally absurd. Barack Obama, whatever else he is, is a political greenhorn, an “empty suit”. Can this man really, truly offer the Americans public any form of salvation? Aren’t people just taken in by his so-called charisma?

This is no time to elect a man on charisma alone, nice though charisma is to have. This is a time for Americans to take stock – BIG time. We are witnessing the declining influence of the USA worldwide. The country has become very unpopular since the election of George W Bush. His obsession with trying to bring democracy to a part of the world which is impossible to democratize, his obsession with characterising Islam as a "religion of love and peace”, when it so clearly isn’t, his obsession with all things Christian, when in actual fact he couldn’t have done more to weaken Christendom, his obsession with pandering to the Muslim electorate - all have weakened America beyond anyone’s wildest dreams only ten or so years ago.

The American electorate is given to obsessing about abortion issues, gay rights issues, and all manner of issues which are only marginally important to the continued supremacy of a truly wonderful nation.

9/11 has weakened America. There is no doubt about this fact. Osama bin Laden could not have wished for a better outcome! But there was no need for this to have happened. The war on Islamic terrorism has been handled so badly that one couldn’t have written a believable book of fiction depicting this outcome. Look at what has happened to the States since 9/11! Its standing in the world has gone down and down; the dollar, especially in recent times, has declined in value to a staggering extent; thousands have been killed in a war that should never have been started (democracy and Islam are totally immiscible); thousands of American jobs are going overseas to countries where labour costs are much lower than at home; illegal immigration has soared to breaking point; and the US National Debt is totally out of control. Yet the US continues to give away billions of dollars in aid to countries which it can ill afford to give aid to in the hope of buying influence. Influence, however, is not being bought; rather, the money is being squandered. It’s like throwing it into the four winds!

When the Americans go to the polls in November 2008, they need to think about what is important for their country: they shouldn’t be taken in by personalities.

One of the first things that needs to happen is that the national debt, now standing at the staggering figure of trillions of dollars, be reduced severely. The US needs a good dose of Thatcherism at this time. Remember what she said about government spending. She said that governments don’t have any money to spend; governments, she said, spend only other people’s money, collected in the form of taxes!

So what is going to be important for the American voters is to choose a president who is going to restore US supremacy, restore confidence in the US, reduce its colossal national debt (which has grown exponentially under George W Bush), and the country needs to start working with the rest of the West, not against it. The rest of the West needs a strong America as much as a strong America needs the rest of the West.

Only today, it has been reported that Kuwait has unpegged its dinar to the dollar. This is not a good thing for the US. On the contrary, since the Kuwaiti dinar has been pegged to the US dollar for so long, it shows a complete lack of confidence in the dollar! Don’t be surprised if Saudi Arabia follows suit!

Are we witnessing a United States of America in terminal decline? Don’t forget these facts: Europe is gaining in strength. France may well be about to surprise us all with its ability to renew itself. Yes, it has problems, but at least it has a president, in Sarkozy, with a will and determination to overcome those difficulties and problems (if he can overcome his own). Then we have China and India on the up and up. All these countries pose a long-term threat to the continued hegemony of the USA.

And all this says nothing about the growth of Islam in the US, and the danger that religious group poses for the continued existence of the States as we know it – as a land which is whole and peaceful and free. When the USA is no longer counted as ‘the land of the free’, then all of the free world will be in trouble. The forces at work within the USA to turn the country Islamic should not be underestimated. We have already seen the first Muslim elected to Congress in Keith Ellison. This is no harbinger of good fortune for the United States; on the contrary, it shows that there are great problems ahead for the country.

It is my belief, as much as it hurts me to say it, that America has come to a fork in the road. The one turning will return the US to its former glory, whilst the other will take it down the road to oblivion: it will make the country an irrelevance to the world. It is up to you, the American voter, to choose a president who will lead you and your great country to a place of unparalleled supremacy.

Remember this: The free world needs YOU! And it needs a STRONG AMERICA, too!

©Mark Alexander

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