The United States Gets a Run for its Money

uploaded by MsMcReality July 12, 2008 at 10:54 am
48 views | 0 comments | 0 recommendations
The United States Gets a Run for its Money by MsMcReality

It has long since been known that the United States was is the most powerful nation in the world. Although this may be true, there has been much talk about the nation's economy becoming unstable. If the enconomy continues to tank, will ther be a new number 1? The answer is yes. In a close second and soon-to-take-over, comes China, the most populous nation in the WORLD. "China's economy will surpass the U.S. by 2035 and will be twice its size by the middle of the century."  Between the months of January and April China's exports to the U.S. have netted over $75 billion and was not even hindered by the recent earthquake that killed more than 69,000 people.  Congress is going tarrif-crazy on good imported from China. The world ltrade organization would tear down a law as such. Barack Obama says that he wansts to "amend the North American free Trade agreement" whereas John McCain thinks it better to continue free trade.  The only optiion for the US is to hope that China will play rules of free ttrade. While this is ideal, the pres believes it will become difficult for China to hede such impreding laws. If you are the most powerful nation, after, don't you have a right to ben the rules? Common sense would sugest no but common sense is so relative these days that it's hard to say who has it. "One of the next president's biggest jobs will be striking a balance for the American people that maximizes the gains and minimizes the pain caused by the global economy. There is no easy answer, and closing our eyes to the changing world is not an option." All in all, the though of the U.S. loosing power is "mind-blowing, but not surprising."



Photo Properties
NP! ID: 1300937
Title: The United States Gets a Run for its Money
File Size: 390 × 311 – 21.07 KB

Created: Sat, 07/12/2008 - 10:54am
Modified: Sat, 07/12/2008 - 10:54am

File Type: image (jpeg)
recommend Sign In or Join to post comments

closeSign in to NowPublic

is reporting from