Barack Obama once said, “I believe in American exceptionalism, just as I suspect that the Brits believe in British exceptionalism and the Greeks believe in Greek exceptionalism.”
Because of Obama’s reckless spending the US Bond rating has just been downgraded by S&P, which makes America a little more like bad risk Greece.
Because of Obama’s wind-down of NASA, America is a little more like the scores of also-ran countries that couldn’t shoot off a bottle-rocket.
Because of Obama’s burdens on business expansion (i.e. taxes, regulation, litigation and official hostility), America is a little more like the Western European welfare states, with their stagnant economic growth and high-unemployment.
Because of Obama’s serial apologizing, rollback of missile defense, and utter lack of strategic military vision, America is a little more like the impotent once-great states of Western Europe.
Obama has never liked the idea that America is the greatest nation on God's green earth. It's so unfair (and besides, we used to have slavery) and not very multi-cultural. So, Obama's policies uniformly have the effect of downgrading America to make it more like the rest of the pack.
“Malaise” was the by-word for the Carter Presidency, Obama should be known as “President Downgrade.”