HE IS AN AMERICAN PRESIDENT AFTER ALL:

Like Bush before him, Obama equated "democracy and market economies," and he saluted "the World Bank and IMF" as "force multipliers."

And he genuflected on the altar of American arrogance. "I believe in American exceptionalism with every fiber of my being," he said. He also repeated the haughty phrase that was popular both in the Clinton and George W. Bush administrations. Said Obama: "The United States is and remains the one indispensable nation." He vowed that it would remain so for 100 years. "That has been true for the century passed, and it will be true for the century to come," he said.

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