Contributed by: filbert Monday, April 25 2011 @ 01:38 PM CST
According to the IMF (International Monetary Fund–filbert) forecast, whomever is elected U.S. president next year — Obama? Mitt Romney? Donald Trump? — will be the last to preside over the world’s largest economy.
Most people aren’t prepared for this. They aren’t even aware it’s that close. Listen to experts of various stripes, and they will tell you this moment is decades away. The most bearish will put the figure in the mid-2020s.
Considering that China has 1,200 million people and the USA has 320 million or thereabouts, on the face of it, that China’s domestic economy would at some point exceed the American economy is not itself unthinkable.
But what we see is that China, despite the shackles, impediments and restrictions imposed by their authoritarian government, is totally committed to economic growth, while the current American government shows over and over again that what it is totally committed to is feathering the nests of their cronies, and protecting the political fiefdoms and special government benefits of their special interest groups. The one thing that the current regime in Washington is NOT focused on is national economic growth.
Despite what some overeducated East Coast deep-thinkers may deeply think, this is not evidence of the quintessential superiority of the Chinese neo-Communist command-economy dictatorship “model.” It is evidence of the moral and intellectual bankruptcy of the American “progressive” elites.
But, in 2016, the globalist/internationalists in the “progressive” left, lead by their standard-bearer, Obama, can declare “Mission Accomplished.” They have finally achieved their decades-long goal of bringing America back into the “community of nations.”
Reward them appropriately in November, 2012. And in every subsequent election thereafter until they disabuse themselves of the “progressive” fantasy–or they fantasize themselves to historical oblivion.