Skip to comments.China poised to pass US as world’s leading economic power this year
Posted on 04/30/2014 1:46:29 AM PDT by 2ndDivisionVet
The US is on the brink of losing its status as the worlds largest economy, and is likely to slip behind China this year, sooner than widely anticipated, according to the worlds leading statistical agencies.
The US has been the global leader since overtaking the UK in 1872. Most economists previously thought China would pull ahead in 2019....
(Excerpt) Read more at ft.com ...
Another resume enhancement for comrade obama.
Yes, another epic failure. Obama wanted this to happen in 2009 but fundamental transformation took a few more years.
They did it without our freedoms, however. It’s easier that way.
A volatile, fleeting lead it will be.
Destruction of the military, climate change, eating grass and bugs, income inequality, freedom for Palestine...these are more important.../s.
I disagree. Freedoms are essential for economic growth just like an economic growth is essential for more freedoms.
Poor people are generally more interested in freebies and handouts than freedoms, and free people prefers opportunities to excercise their freedoms for economic gains.
That is why economic sanctions are tyrants’ best gifts. They are frozing economic development in targeted nations, reducing demand for freedoms, and also allowing tyrants to blame external powers for their own mismanagement, uniting their populations behind said tyrants.
Marxism has that effect on an economy, as Commissar Obama knows only too well.
But, then, as all commissars always are, he’s comfortably tucked away in the White Dacha, while our congressional betters haul in their fat salaries and enjoy their perks and pleasures - all on the backs of working Americans.
The land of the free and the home of the brave has become the land of suckers and the home of leeches.
I wonder what Thomas Jefferson and George Washington would think of all this....
They can outlaw labor unions, they can pollute the air as much as they want, they can steal patents from the West, they can basically do whatever they want, without a free and informed people to stop them.
They don’t really have Marxism anymore. They have the best (for them) of both systems: totalitarianism cum capitalism.
Or the CEO of Mozilla. OR the Benghazi video guy. Or any of the groups Lerner sicced the IRS on.
Add a bit of capitalism to the Chinese economy, and add a whole lot of communism to the US economy and you get a reversal of order.
Free Traitors have absolutely ruined this country. There will be a reckoning.
“Add a bit of capitalism to the Chinese economy, and add a whole lot of communism (in the form of Agenda 21 policies) to the US economy and you get a reversal of order.
There, fixed it.
It’s been almost 2 decades of steady implementation of Agenda 21 and the results are exactly as it was intended.
“In order to save the planet, the group [GIM] decides: Isnt the only hope for the planet that the industrialized civilizations collapse? Isnt it our responsibility to bring this about? -UN Official, Maurice Strong
“Free Traitors have absolutely ruined this country. There will be a reckoning.”
Beginning with President George H.W. Bush, and continuing to the current administration, it has been the policy of the federal government to discourage industrial investment in the US while encouraging investment in other nation. The cumulative effect of our trade, environmental, energy, foreign aid, diplomatic, space exploration, regulatory, tax, immigration, and military policies has been the deindustrialization of the homeland to the benefit of China, Russia, and other nations. The loss of economic supremacy, and military supremacy which will inevitably follow, was a conscious choice of our ruling elites. Only one voice, Ross Perot, cried out against the trade policies while they were being implemented and he was dismissed by the media as a crackpot.
I think the plans were laid when "ex"-CIA commander Poppy Bush was the special envoy to Red China. The plan got under way when Bush became the de facto President in March, 1981 after the son of his best friend and business partner shot Reagan. Things went into overdrive under Bush's other son, Bill Clinton.
Pictured: The Bush Crime Family
I agree 100%.
America you cannot grow, sending manufacturing to China.
America needs to build stuff right here.
Bring back AMERICAN manufacturing. Now.
Last year’s imports from China to America: 440 billion dollars.
Last year’s exports from America to China: 122 billion dollars.
America’s trade deficit just with China last year:
318 billion dollars.
We could reverse this real fast. Just raise the import tariffs and cut income taxes by an equal amount.
Industry would return to the U.S. Americans would be employed again. China would be trying to figure out how to feed it’s population instead of challenging us militarily.