...foreign policy is a matter of costs and benefits, not theology.

American influence is not what it used to be.

I'm largely in favor of financial reform.

We all accuse Vladimir Putin of Cold War nostalgia, but Washington's elites - politicians and intellectuals - miss the old days as well. They wish for the world in which the United States was utterly dominant over its friends, its foes were to be shunned entirely, and the challenges were stark, moral, and vital. Today's world is messy and complicated. China is one of our biggest trading partners and our looming geopolitical rival. Russia is a surly spoiler, but it has a globalized middle class and has created ties in Europe.

The markets are much more interested in America's long-term trajectory than they are in feeling that there is an acute short-term crisis.

California has often led the country, indeed the world, in the technology, consumption, trends, lifestyles, and of course, mass entertainment. It is where the car found its earliest and fullest expression, where suburbs blossomed, where going to gym replaced going to church, where forces that lead so many to assume that direct democracy is the wave of the future - declining political parties, telecommuting, new technology, the internet generation 0 are all most well developed in this vast land.

Iran is a country of 80 million people, educated and dynamic. It sits astride a crucial part of the world. It cannot be sanctioned and pressed down forever. It is the last great civilization to sit outside the global order.