President Barack Obama’s commencement address at West Point on May 28 managed to displease pretty much everyone in the nation’s commentariat. Before making an overall assessment of its significance, it is necessary to examine the validity and implications of Obama’s individual statements.

“[B]y most measures America has rarely been stronger relative to the rest of the world. Those who argue otherwise – who suggest that America is in decline or has seen its global leadership slip away – are either misreading history or engaged in partisan politics.”

This key assertion, made at the beginning of the President’s address, does not stand to empirical scrutiny. In economic terms, America was far stronger vis-à-vis the rest of the world in 1945 than she is today. In more recent times, U.S. share of world GDP peaked in 1985 with just under 33 percent of global GDP (nominal). Between 2004 and 2014, United States’ share of global gross domestic product (GDP) adjusted for purchasing power parity (PPP) has fallen from 22.5 percent to 18.5 percent, and it is expected to continue falling. By the end of this year China will overtake the United States in gross domestic product, which had originally been projected to happen by the end of this decade. Analysts concede will gradually shift the ability to confer advantages or disadvantages on other countries – in other words, power – in China’s favor.

In military terms, while America enjoyed the nuclear monopoly in 1945-49, her period of undisputed unipolar dominance was between 1991 (the collapse of the USSR) and 2008 (Russia’s counterattack in South Ossetia). Although the Pentagon budget will drop from $600 billion this year to $500 billion in 2015, it will continue to account for over a third of the global total. The unsatisfactory outcomes in Iraq and Afghanistan and dented America’s image of military invincibility. As the Economist commented on May 3, “The yawning gap between Uncle Sam and his potential foes seems bound to shrink.” The prevailing view among most critical analysts is that over the past decade the U.S. has suffered military reverses, and now faces severe global competition.

As for the “global leadership,” it is unclear what exactly Obama had in mind. Russia and China are creating a powerful Eurasian counterweight to what they rightly perceive as Washington’s continuing bid for the global hegemony. India’s new prime minister is a potential partner at best, and certainly loath to acknowledge America’s “leadership.”  In the Islamic world, Obama’s attempts at appeasement – which started with the Cairo speech in 2009 – have not worked: The U.S. is now even more unpopular in the Muslim world than it was under George W. Bush. America is heartily disliked even in Turkey and Jordan, presumably our allies, not least because of the continuing drone strikes. American influence in Latin America is weaker now than at any time since Theodore Roosevelt, as manifested in the unanimous rejection of Washington’s efforts to effect a regime change in Venezuela. Members of the American elite class are hard pressed to name a single country with which the U.S. has better relations today than five years ago. The NSA global spying network has infuriated even some otherwise reliable American friends in Western Europe. Most “Old Europeans” are remarkably resistant to U.S. pressure to agree to serious sanctions against Russia.

On balance it appears that Barack Obama is the one misreading history and engaging in partisan politics.

“Meanwhile, our economy remains the most dynamic on Earth, our businesses the most innovative.”

In reality, by most value-neutral parameters the American economy is chronically weak and insolvent:

Some “dynamism,” some “innovation”…

“America continues to attract striving immigrants.”

Obama’s statement is correct. It does not illustrate America’s alleged strength as was his intent, however; it underscores this country’s major weakness. Illegal immigration is spiraling out of control, the Border Patrol is overwhelmed. If the influx continues at current high levels, the U.S. population will increase to almost half a billion in 2060 – more than a 50 percent increase. New immigrants – mostly from the Third World, unskilled, uneducated, and a net drain on American resources – and their descendants will account for over one hundred million of that increase. On current form, English-speaking Americans of European origin will become a minority in their own country four decades from now. They will inhabit an increasingly overpopulated, polluted, lumpenproleterized, permanently impoverished country. America unfortunately does continue “to attract striving immigrants,” mostly illegal ones and of poor quality. This is far greater threat to the survival of the United States in a historically or culturally recognizable form than terrorism or any conceivable alliance of foreign powers. Barack Obama does not understand this, or does not care, or – just as likely – cherishes the prospect.

“The values of our founding inspire leaders in parliaments and new movements in public squares around the globe.”

By “public squares” Obama was probably alluding to Kiev’s Maidan. Indeed, it has propelled some “new movements” to global prominence, such as the Svoboda party and the Right Sector. The Founding Fathers would be horrified to learn that, in the opinion of the President of the United States, their values have inspired Messrs. Tyahnybok, Yarosh, and other blood-soaked heirs to Stepan Bandera. This is on par with Senator Joseph Lieberman saying, “The United States of America and the Kosovo Liberation Army stand for the same values and principles. Fighting for the KLA is fighting for human rights and American values.”

“And when a typhoon hits the Philippines, or schoolgirls are kidnapped in Nigeria, or masked men occupy a building in Ukraine, it is America that the world looks to for help.”

Obama is mixing apples (natural disasters) and pears (man-made ones). The problem of Islamic terrorism in Nigeria was exacerbated by the refusal of the Department of State under Hillary Clinton to place Boko Haram (“Secular Education is Sinful”) on the list of foreign terrorist organizations in 2011, despite the urging of the Justice Department, the FBI, the CIA, and over a dozen Senators and Congressmen. The de facto protection thus given to Boko Haram has enabled it to morph into a state-within-the-state with an estimated 300,000 followers.

It would be ironic if “the world” were to look to America for help in Ukraine (which in any event it does not), since the course of crisis there has been, overwhelmingly, of Washington’s own making, as manifested in Victoria Nuland’s famous phone call to Ambassador Pyatt. The new Drang nach Osten makes sense from the point of view of the liberal globalist-neoconservative duopoly: there is no better way to ensure U.S. dominance along the European rimland in perpetuity than drawing Europe back into NATO (i.e. U.S.) security orbit in general and subverting the Russo-German rapprochement in particular. The “masked men” in buildings are a direct consequence of American meddling.

“So the United States is and remains the one indispensable nation. That has been true for the century past, and it will be true for the century to come.”

It has never been true, it is not true now, and it never will be true. Madeleine Albright’s famous dictum was an arrogant statement by an immigrant ignorant of American history and a sign of her well-attested instability. It was reiterated in Bill Clinton’s 1996 speech, where he explained why he intervened, disastrously, in Bosnia: “The fact is America remains the indispensable nation. There are times when America, and only America, can make a difference between war and peace, between freedom and repression, between hope and fear.” That Obama has chosen to recycle such rubbish is a sign of intellectual and moral bankruptcy. “Indispensable” to whom, exactly? It is unimaginable for the leader of any other country in the world – Vladimir Putin, say, or Xi Jinping – to advance such a claim. It is tasteless at best and psychotically grandomaniac at worst, a latter day “Manifest Destiny” on steroids. The problem is that such hubristic delusions easily translate into non-negotiable foreign policy objectives. Resisting the will of the “indispensable nation” is ipso facto evil: Susan Rice’s condemnation of Chinese and Russian vetoes of the U.S.-supported UN Security Council resolution on Syria as “disgusting,” “shameful” and “unforgivable” comes to mind.

“Russia’s aggression towards former Soviet states unnerves capitals in Europe while China’s economic rise and military reach worries its neighbors.”

Quite apart from the genesis of the crisis in Ukraine, to which “Russia’s aggression” hardly applies, Obama’s use of the term “former Soviet states,” plural, implies that in his opinion Ukraine is not the only “victim of Russia’s aggression.” Presumably he means Georgia, the only “former Soviet state” with which Russia has had a conflict since the collapse of the Soviet Union. If so, and there is no other explanation for his turn of his phrase, Obama has a dangerously flawed understanding of the August 2008 Georgian crisis.

Georgian then-President Mikheil Saakashvili’s order to attack South Ossetia’s capital, Tskhinvali, was a breathtakingly audacious challenge to Russia, to which she was bound to react forcefully. That response was promptly exploited, for the first time since Gorbachev, by the American mainstream media machine and the foreign-policy community in Washington to paint Russia as a rogue power that is not only dangerous but intrinsically malignant. The vehemence of that rhetoric exceeded anything ever said or written about jihad, before or after September 11. To be fair, Saakashvili was led to believe that he was tacitly authorized to act as he did. President George W. Bush had treated Georgia as a “strategic partner” ever since the Western-engineered “Rose Revolution” five years earlier, and in early 2008 he strongly advocated NATO membership for Georgia. Washington had repeatedly supported Georgia’s “sovereignty and territorial integrity,” which implied the right to use force to bring South Ossetia and Abkhazia to heel, just as it is supporting “resolute action” in Donetsk and Lugansk today. Saakashvili may be forgiven for imagining that the United States would have bailed him out if things went badly. It is noteworthy that he was not disabused of such notions. The calculus in Washington appears to have been based on a win-win scenario, not dissimilar to the current Ukrainian strategy. Had Georgian troops occupied South Ossetia in a blitzkrieg operation modeled after Croatia’s “Operation Storm,” while the Russians remained hesitant or ineffective, Moscow would have suffered a major strategic and (more importantly) psychological defeat after almost four years of sustained strategic recovery. If Russia intervened, however, she would be duly demonized and the U.S. would push for NATO consolidation with new vigor. “Old” Europeans – the Germans especially – would be pressed to abandon their détente with Moscow. A resentful Georgia would become chronically anti-Russian, thus ensuring a long-term American presence in the region.

In the event, like the Ukrainian army today, the Georgian army performed so poorly that a military fait accompli was out of its reach. Excesses against Ossetian civilians – just like the shelling of schools in Slavyansk today – made the “victim of aggression” narrative hard to sell, Obama’s “aggression” rhetoric notwithstanding.

“The question we face… is not whether America will lead but how we will lead, not just to secure our peace and prosperity but also extend peace and prosperity around the globe.”

It is unclear how, if at all, America will secure her own “peace and prosperity” in the years and decades to come, let alone how she can extend it “around the globe.” If this is a statement of Obama’s grand strategy, it is flawed in principle and unfeasible in detail. In this statement there is not a hint of an overall blueprint for action that matches our country’s resources to her vital interests. A sound grand strategy enables a state to deploy its political, military, economic, and moral resources in a balanced and proportionate manner, in order to protect and enhance its security and promote its well-being, never mind “the globe.” In Obama’s universe, however, there are no brains behind “indispensable,” heavy-handed diplomacy and military power. Obama creates a false dilemma (“the question we face”) unsupported by facts. China, India, Russia, the Muslim world and Latin America do not want to be “led,” quite the contrary. Old Europe is reluctant at best. Subsaharan Africa is an irrelevant mess. The question we face is not global leadership, but national survival.

“Regional aggression that goes unchecked, whether in southern Ukraine or the South China Sea or anywhere else in the world, will ultimately impact our allies, and could draw in our military. We can’t ignore what happens beyond our boundaries.”

This simultaneous dig at Russia and China reflects a hubristic world view that is unmatched by conflict-management resources. A sane American relationship with Moscow demands acceptance that Russia has legitimate interests in her “near-abroad.” Obama’ four-nation tour of East Asia last Aprilescalated existing U.S. military commitments to the region, created some new ones, deeply irritated China, and emboldened American allies and clients to play hardball with Beijing. Obama does not understand that it is extremely dangerous for a great power to alienate two of its nearest rivals simultaneously. The crisis in Ukraine is going on, but the situation in Asia is potentially more volatile. Dealing with both theaters from the position of presumed strength and trying to dictate the outcomes is perilous, as many would-be hegemons (Philip II, Louis XIV, Napoleon, Kaiser Wilhelm, Hitler), blinded by arrogance, have learned to their peril. Obama has continued the hegemonist habit of instigating crises at different spots around the world, even though the resources are scarce and the strategy is fundamentally faulty. An overtly anti-U.S. alliance between Russia and China is now in the making. U.S. overreach led to the emergence of a de facto alliance in the Eurasian Heartland, embodied in the gas deal signed in Shanghai. Russia and China are not natural allies and they may have divergent long-term interests, especially in Central Asia, but they are on the same page when it comes to resisting U.S. hegemony, pardon, “leadership.” In the early 1970’s Dr. Henry Kissinger wisely understood the benefits of an opening to Beijing as a means of pressuring Moscow on the Cold War’s central front. Back then the USSR was far more powerful than the People’s Republic. Today, by contrast, China is much more economically and demographically powerful than Russia, and for the United States the optimal strategy would dictate being on good terms with the weaker party in the triangle. America does not have a policymaker of Kissinger’s stature today, who would understand the potential of a long-term understanding with Moscow as a tool of curtailing Chinese ambitions along the Pacific Rim.

“America must always lead on the world stage. If we don’t, no one else will. The military that you have joined is, and always will be, the backbone of that leadership.”

The notion that “the world stage” demands a “leader” is flawed. It is at fundamental odds with the balance-of-power paradigm, which has historically secured the longest periods of peace and unprecedented prosperity to the civilized world. Today’s world is being multipolarized, whether Obama the Exceptionalist likes that or not. The very idea of the self-awarded “world leadership” would appear absurd in the days of Bismarck or Metternich. Washington has neither the resources nor the minds for such a role, even if it were called for.

“The United States will use military force, unilaterally if necessary, when our core interests demand it — when our people are threatened; when our livelihoods are at stake; when the security of our allies is in danger.”

None of the above applied in Bosnia, Kosovo, Afghanistan, Iraq, or Libya… but enough of Obama. There was more rhetoric at West Point, including an ode to American exceptionalism and further references to America’s global leadership, but it just as tedious, vacuous and intellectually wanting as the first ten minutes of his address.

Overall, it is evident that the United States in Barack Obama’s final term has not given up the hegemonist habit of instigating crises at different spots around the world, even though the management resources are scarce and the strategy is fundamentally faulty. An overtly anti-U.S. alliance between Russia and China is now in the making. It will be a belated equivalent of the Franco-Russian alliance of 1893 – the predictable result of an earlier great power, Wilhelm’s Kaiserreich, basing its strategy on hubristic overestimation of its capabilities. U.S. overreach has led to the emergence of a de facto alliance in the Eurasian Heartland, embodied in last month’s energy agreement signed in Shanghai. Russia and China are not natural allies and they may have divergent long-term interests, especially in Central Asia, but they are on the same page when it comes to resisting U.S. hegemony.

In the early 1970’s Dr. Henry Kissinger wisely understood the benefits of an opening to Beijing as a means of pressuring Moscow on the Cold War’s central front. Back then the USSR was far more powerful than the People’s Republic. Today, by contrast, China is much more economically and demographically powerful than Russia, and for the United States the optimal strategy would dictate being on good terms with the weaker party in the triangle. It is unfortunate that America does not have a policymaker of Kissinger’s stature today, who would understand the potential of a long-term understanding with Moscow as a tool of curtailing Chinese ambitions along the Pacific Rim.

Judging by the West Point address, for the remaining two and a half years of Obama’s term U.S.-initiated global confrontations will continue as before. Instead of de-escalating the bloody mess to which she has made a hefty contribution, Victoria Nuland will continue encouraging her blood-soaked protégés in Kiev to seek a military end-game in the East. Instead of calming the South China Sea, Washington will continue encouraging its clients to be impertinent. And Putin and Xi will draw their conclusions: that they do have a powerful common enemy, a rogue regime not amenable to reason or rational calculus.

It cannot be otherwise, considering the Obama Administration’s 2012 Defense Strategic Guidance, which is but a rehash of the strategic assumptions of the Bush era. In Obama’s words from two years ago, our “enduring national interest” is to maintain the unparalleled U.S. military superiority, “ready for the full range of contingencies and threats” amid “a complex and growing array of security challenges across the globe.” The Guidance itself asserts that the task of the United States is to “confront and defeat aggression anywhere in the world.” This is not a grand strategy but a blueprint for disaster—especially when combined with the interventionists’ urge to “confront and defeat” not only aggression as such but also “aggression” resulting from  internal conflicts irrelevant to the American interest (Syria, Ukraine) and putative threats to regional stability (Iran).

Obama is a more reluctant interventionist than McCain or Romney would have been, but he, too, does not recognize the limits of American power and does not correlate that power with this country’s security and prosperity. He fails to balance military and nonmilitary, short and long-term capabilities. He rejects the fact that the world is becoming multipolar again, while the relative power of the United States is in steady decline. Obama’s absence of a viable grand strategy produces policies that are disjointed, nonsensical, and self-defeating. He is prone, no less than his predecessor, to equate any stated political objective in some faraway land with America’s vital interests, without ever offering a coherent definition of those “vital” interests.

On both sides of the duopoly, the ideology of American exceptionalism and the doctrine of global dominance reign supreme. At a time of domestic economic weakness and cultural decline, foreign policy based on the American interest requires prudence, restraint, and a rational link between ends and means. Abroad, it demands disengagement from distant countries of which we know little; at home, a sane immigration policy.

It will not happen.