You can thank Nixon and all of the other US Presidents that have followed.
Obama: US infrastructure ‘embarrassing’
http://www.freerepublic.com/focus/f-news/3233685/posts
It’s time we put our 7 year olds to work.
Universal Suffrage, is there nothing it can’t destroy?
Dont blame just Obama.
This was a long project of the Globalists to grind down the American middle class .
The Bush family and the Rockefellers prominent in that project. Along with the Great Captains of American Industry - led by the depraved Jack Welch.
This is the great victory of the Free Trade gang - after lying for decades about all the great things that would happen with China as a customer.
That was all crap. The intent was to destroy the unions and impoverish the middle class in the U. S., so they have to take whatever scraps the Banksters throw off their tables.
Now we have the worlds largest and most powerful Fascist state ever. They dont plan on being quiet, either.
Quite frankly, after 6+ years of obamanomics I’m surprised it took this long.
Thanks Barry!!! America is number two!!! You got your wish, boy!!!
When they elect a leader that is #2 it doesn’t take long to turn the whole country into #2. If we had a qualified leader he would demand that they move the UN to China and let them pay for it all.
China’s currency has gone up an average of 3 percent a year for the last decade (7 percent in 2008). It appreciates in value, while the dollar doesn’t. China pays higher interest rates than most countries, and has a high credit rating. You know the story about the U.S.A. under Obama’s rule. Gee thanks Obama for screwing us and helping China.
Pretty hard to compete against a billion or more slaves.
Economic development is good for everyone, whether it happens here, in China, or anywhere else. Any modern, developed country should have a national production that is both comparable to other developed nations and proportional to its population. By that standard, once China set out on that path, it was inevitable that they would soon overtake our economy in terms of its gross national production. However, on a per-capita basis, they still have a ways to go.
To fix it, just lower taxes, reduce regulations, stop inflation, reduce government interventionism, reduce redistributionism, reduce egalitarianism, reduce gov. borrowing, reduce gov. budget deficits, reduce gov. spending,reduce social engineering, reduce cental planning, reduce environmentalism,stop the war against the rich, stop the war against profits. In other words increase freedom and rationality and stop libtardism.
We probably buy more of their goods than anyone. Of course, if we had a sensible tariff that kept their goods on a par with our own, that might might not have happened.
I don’t understand how this is a big deal. First, China has close to 5x the population, meaning this is another way of saying the average Chinese makes 1/5 the average American. Second, the US hasn’t been the highest income country for a while now - it’s ranked #10, behind a bunch of tax havens and oil producers. Third, once China adopted capitalism in 1979, calling it “socialism with Chinese characteristics”, but dismantling collectives, legalizing private property and leaving production decisions to private entrepreneurs and state-owned enterprises with employees paid bonuses based on profits, it was bound to catch up to some extent.
Huff and Puff Post has ALL the excuses and denials LOL!
http://www.huffingtonpost.com/2014/10/08/china-gdp-tops-us_n_5951374.html
But purchasing-power parity is the REAL deal.
IMO, much ado about nothing, but your take would be appreciated.