Well, Spiegel in particular.  They make some very interesting observations, here are a few excerpts:

America has long been a country of limitless possibility. But the dream has now become a nightmare for many. The US is now realizing just how fragile its success has become — and how bitter its reality. Should the superpower not find a way out of crisis, it could spell trouble ahead for the global economy.

The United States is a confused and fearful country in 2010. American companies are still world-class, but today Apple and Coca-Cola, Google and Microsoft are investing in Asia, where labor is cheap and markets are growing, and hardly at all in the United States. Some 47 percent of Americans don’t believe that the America Dream is still realistic.

The Desperate States of America are loud and distressed. The country has always been a little paranoid, but now it’s also despondent, hopeless and pessimistic. Americans have always believed in the country’s capacity for regeneration, that a new awakening is possible at any time. Now, 63 percent of Americans don’t believe that they will be able to maintain their current standard of living.

The fall of America doesn’t have to be a complete collapse — it is, after all, a country that has managed to reinvent itself many times before. But today it’s no longer certain — or even likely — that everything will turn out fine in the end. The United States of 2010 is dysfunctional, but in new ways.

The country is reacting strangely irrationally to the loss of its importance — it is a reaction characterized primarily by rage. Significant portions of America simply want to return to a supposedly idyllic past. They devote almost no effort to reflection, and they condemn cleverness and intellect as elitist and un-American, as if people who hunt bears could seriously be expected to lead a world power. Demagogues stir up hatred and rage on television stations like Fox News. These parts of America, majorities in many states, ignorant of globalization and the international labor market, can do nothing but shout. They hate everything that is new and foreign to them.

The entire interplay of taxes and investments is out of joint because a 16,000-page tax code allows for far too many loopholes and because solidarity is no longer part of the way Americans think. The political system, plagued by lobbyism and stark hatred, is incapable of reaching consistent or even quick decisions.

The United States of 2010 is a country that has become paralyzed and inhibited by allowing itself to be distracted by things that are, in reality, not a threat: homosexuality, Mexicans, Democratic Majority Leader Nancy Pelosi, health care reform and Obama. Large segments of the country are not even talking about the issues that are serious and complex, like debt, unemployment and serious educational deficits.

Gridlock has become the modern America status quo, and the condition Henningsen calls “institutional idiocy” is especially obvious in the country’s most important legislative body, the Senate, which has come to resemble a royal court where nothing has happened in centuries.