If the IMF is correct (a big if), China will be the planet's No.1 economy by 2016. That means whoever's elected in November next year will be the last president of the United States to preside over the world's dominant economic power.
Public interest criteria does not mean criteria that the public decides are in its interest. It means that the elite - via various appointed bodies - decide what the public's interest is for them.
We're on the brink of a world in which the wealthiest nations, from Canada to Norway to Japan, can barely project meaningful force to their own borders while the nickel 'n' dime basket-cases go nuclear.
The salient feature of America in the Age of Obama is a failed government class institutionally committed to living beyond its means, and a citizenry too many of whom are content to string along.