US Press: pick of the papers

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

1. Obama's missed opportunity on the debt (The Washington Post)

Obama is hardly the first incumbent to want to give voters a present as he gears up for reelection, writes Fred Hiatt.

2. Wall St. plays Occupy White House (Politico)

Wall Street is disdained in the court of public opinion -- detested by the tea party on the right and the Occupy movement on the left, argues Joel Kotkin.

3. The welfare state's reckoning (The Washington Post)

"We Americans fool ourselves if we ignore the parallels between Europe's problems and our own," writes Robert J. Samuelson.

4. Pelosi Hints That She Has Dirt on Gingrich (Slate)

Slate opines over the dirt that may yet be aired on current Republican hopeful Newt Gingrich.

5. Buckle down: Mitt vs. Newt? (Chicago Tribune)

With Iowa one month away Charles Krauthammer assesses the score-cards so far.

6. Who is afraid of a Do-Nothing Congress? (Washington Examiner)

Scott Wheeler asks if Obama is wrong to assume the worst.

7. Rick Perry has three strikes against him (Vanity Fair)

Fellow Texan Bryan Burrough discovers the surprising reasons behind the campaign's train wreck.

8. The biggest lie about Democrats (Politico)

Why Democratic prospects are not as bad as some might believe.

9. Herman Cain, the media and electoral coverage (Miami Herald)

I fear the lesson of the Cain campaign is to elevate infidelity as an electoral issue, argues Edward Wasserman.

10. Pain in the Public Sector (New York Times)

An NYT editorial on the mass job losses in the public sector.

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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.