US press: pick of the papers

The ten must-read opinion pieces from today's US papers.

1. Plutocracy, Paralysis, Perplexity (New York Times)

Inequality is a major reason the economy is still so depressed and unemployment so high, writes Paul Krugman. And the US has responded to crisis with a mix of inaction and confusion.

2. Europe finds austerity a tight fit (Washington Post)

Harold Meyerson on the fiscal policy that had completely backfired.

3. Bin Laden and ballots (Los Angeles Times)

Obama's impulse to score points off the anniversary of Bin Laden's death is understandable, but the president should have resisted mixing military valor and politics, writes Doyle McManus.

4. Elizabeth Warren’s Birther Moment (New York Times)

Kevin Noble Maillard on the Republican approach: feign that race is irrelevant — until it becomes politically advantageous to bring it up.

5. Weak oversight will make more pipeline spills inevitable (Detroit Fress Press)

This leading article condemns Michigan state for not putting the well-being of its residents first.

6. Another sin tax on soda wrong way to fight fat (Chicago Sun Times)

Chicago and the nation can do better than a pop tax, argues this editorial.

7. Food stamps could use fresh options (Politico)

Congress has an opportunity to allow more recipients to purchase healthful, quality food, says Jason Ackerman.

8. Junior Seau’s suicide raises vital questions about football (Boston Globe) ($)

The NFL linebacker’s death this week was all the more haunting because there was speculation a year ago he showed signs of being affected by the thousands of hits to the head he suffered. A Boston Globe editorial.

9. College Grads Need Jobs, Not a Lower Loan Rate (Wall Street Journal) ($)

Young workers who enter the labor force in a recession suffer years of lower wages, writes Andrew Biggs.

10. Obama, Romney launch nasty ads early (USA Today)

According to an editorial, these attacks - produced by the two campaigns rather than by surrogate groups - will gin up even more scurrilous ads later in the race.

Elizabeth Warren, Senate candidate for Massachusetts, and Barack Obama. Photo: Getty Images
Photo: Getty
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Donald Trump's inauguration signals the start of a new and more unstable era

A century in which the world's hegemonic power was a rational actor is about to give way to a more terrifying reality. 

For close to a century, the United States of America has been the world’s paramount superpower, one motivated by, for good and for bad, a rational and predictable series of motivations around its interests and a commitment to a rules-based global order, albeit one caveated by an awareness of the limits of enforcing that against other world powers.

We are now entering a period in which the world’s paramount superpower is neither led by a rational or predictable actor, has no commitment to a rules-based order, and to an extent it has any guiding principle, they are those set forward in Donald Trump’s inaugural: “we will follow two simple rules: hire American and buy American”, “from this day forth, it’s going to be America first, only America first”.

That means that the jousting between Trump and China will only intensify now that he is in office.  The possibility not only of a trade war, but of a hot war, between the two should not be ruled out.

We also have another signal – if it were needed – that he intends to turn a blind eye to the actions of autocrats around the world.

What does that mean for Brexit? It confirms that those who greeted the news that an US-UK trade deal is a “priority” for the incoming administration, including Theresa May, who described Britain as “front of the queue” for a deal with Trump’s America, should prepare themselves for disappointment.

For Europe in general, it confirms what should already been apparent: the nations of Europe are going to have be much, much more self-reliant in terms of their own security. That increases Britain’s leverage as far as the Brexit talks are concerned, in that Britain’s outsized defence spending will allow it acquire goodwill and trade favours in exchange for its role protecting the European Union’s Eastern border.

That might allow May a better deal out of Brexit than she might have got under Hillary Clinton. But there’s a reason why Trump has increased Britain’s heft as far as security and defence are concerned: it’s because his presidency ushers in an era in which we are all much, much less secure. 

Stephen Bush is special correspondent at the New Statesman. His daily briefing, Morning Call, provides a quick and essential guide to British politics.