The American model of growth based on consumers shopping till they drop and digging themselves deep into debt is well and truly dead. The American decline has begun in earnest.
And not even Barack Obama's most audacious hopes may be enough to fix it. France 24 Douglas Herbert met Patrick Artus. He's head of research at the French bank, Natixis and co-author of a new book, "Is it too late to save America?"
To watch the interview, click on the video.