2012 presidential hopeful, Barack Obama is celebrating a milestone in his war on America’s economy. The IMF has announced that by 2016, China will surpass the United States as the world’s largest economy.
Using real terms, rather than buy into China’s imaginary devaluation of its currency, we’re a mere five years away from being kicked down the ladder by China.
Irrespective of liberal bleating to the contrary, a world in which the U.S. is the dominant force is a far better place than any of the alternatives.
The Chinese government, unfettered by a constitution or notions of individual liberties, and with no concerns for personal property rights, can direct a productive work force.
Meanwhile, Obama’s government is dragging the nation down with incomprehensible debt and ruinous economic policies. A world dominated by China is not a safe or healthy place.