Paul Kennedy, The Guardian | November 18, 2008
The Bush administration destroyed American goodwill abroad. ++ Obama is a welcome change, but there are limits to what "soft power" can achieve. ++ White House glamour will be useless if Asia stops buying US treasury bonds. ++ As the IMF slips out of American hands, so does world economic leadership and we return to a multi-polar world. ++ Soft power counts for little without economic backing, and is practically worthless against missiles in Kaliningrad. ++ Obama's capacity for "hard power" is lacking when compared to earlier US presidents.