When Barack Obama is officially sworn in as the 44th president of the United States, the world he faces will be very different from the one his predecessor George W. Bush did eight years ago. The days when the US sat comfortably relishing the spoils of the Cold War are long gone, as the war in Iraq and the spreading financial crisis have dragged the country into a difficult situation it has not seen for decades.
What does all this mean to the Obama administration when it takes office or to the US for that matter? Taking a cue from a slew of signs, I believe that Obama's government will very likely pursue a strategic retraction, meaning the US will very likely enter a period of strategic adjustment.
The last time the US underwent a strategic retraction was in the early 1970s. The starting signals came in then President Richard Nixon's address to the nation on the war in Vietnam on Nov 3, 1969 and the annual foreign affairs report his administration submitted to Congress in Feb 1970.
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