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The evolution from the traditional to the modern Presidency took a century - the shift from the modern to the postmodern Presidency has occurred within two decades. The transition to a world in which Presidents must bargain with leaders of other nations has occurred so abruptly that some presidential candidates have yet to notice it. Yet even the briefest consideration of America's position in the world economy makes it clear that the days are gone when President Kennedy could pledge that America would pay any price to lead the world.
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