The story is here.
The International Monetary Fund recently released the latest numbers for the world economy. And when you measure national economic output in “real” terms of goods and services, China will this year produce $17.6 trillion – compared with $17.4 trillion for the U.S.A.
As recently as 2000, we produced nearly three times as much as the Chinese.
To put the numbers slightly differently, China now accounts for 16.5% of the global economy when measured in real purchasing-power terms, compared with 16.3% for the U.S.
And while this was happening Obama was spending his time golfing and stirring up racial animosity around the country with his BFF Rev Al Sharptongue.
I remember when China used to manufacture rubber dog poop for the local joke-shop. For 79 cents you could buy this little rubber dog poop looking thing that would totally fool my sister and make her scream. Now China owns our lunch. How does it feel America?
China is still in the business of making number 2s – its just that now we are the poop..
This is not the first time we have been downgraded under Obama. Remember back in 2011 when Standard and Poor’s downgraded our legal debt and made us a less attractive investment than ever before? Yeah, I remember the good old days…. That happened under Obama too….
Remember when Barack and Michelle Obama tried to attract the Olympics to Chicago and got denied? We used to get those kinds of gigs, but we have since been downgraded….. Under Obama’s leadership….
It will happen again. There is still a full two years left in his term. My guess is that we will drop in education, healthcare, income and college graduates before Obama leaves town with his pension and half the furniture in the White House. I guess the real question is how far will we actually drop under his failed leadership? How low can we go? It’s kinda funny really, I thought for sure the ‘Hope and Change’ would have sent us in the opposite direction….