Wednesday, June 25, 2014

China to become #1 world economy this year?

The United States became the world economic leader in 1872.  So that means the U.S. has been the economic leader of the world for 142 years. That streak is pegged to come to an end in 2014.

Ulyssess S. Grant was President in 1872. Experts predict, based on analysis of economic data, China will surpass the U.S. as the most dominant economic nation sometime this year.

This is stunning, and it will happen under Obama. I'm not saying I'm blaming Obama for the collapse of the American economic system, although he did nothing to turn things around.  He said he was going to, although, to this point, none of his economic strategies have worked.

Statistics show that the U.S. had an abysmal 1% of 1% (that's 0.1%) economic growth in the first quarter of 2014.  The Obama administration is blaming it on cold weather.

Now, let's delve a little deeper into this.  Consider statistics between 2011 and 2013.  During this time, the American economy grew 7.6%.  However, during this time the Chinese economy grew 24%

Obviously, there is something the Chinese are doing that's driving their economy, something the U.S. is not doing.  And I know what it is: it's capitalism.

Communist leaders, after years of watching how successful capitalism works, has adapted a capitalistic economic system.  The U.S. has gone in the opposite direction.  The result here is a rising Chinese economy and a declining U.S. economy.

Personally, I think we should be happy for the Chinese, because it's evidence of what conservatives have been saying all along: capitalism works.  That the U.S. is falling is evidence of the failures of the progressive movement here.