As America falls into second place for the first time since 1872
China has toppled America to become the biggest economy in the world, according to figures from the International Monetary Fund.
The White House seemed caught flat-footed by the news, crowing on Wednesday about America's relative economic strength in comparison with the rest of the world.
The US has been the global leader since it overtook Britain in 1872, but has now lost its status as top dog.
The latest IMF figures show the Chinese economy is worth $17.61 trillion compared with $17.4 trillion for the U.S.
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6 comments:
No surprise here. How's that OBAMA's hopey-changey thing working out for YOU??!!
Obama will only print more money.
This is no surprise and Obama had nothing to do with it. This has been predicted for 30 years as the Chinese sheer population and manufacturing strength continues.
This is what happens when this country makes it so hard to manufacture anything we we have to outsource. We created their large economy!
China's economy is being driven by American consumption.
It is still America that is driving the world economy.
YHWH bless America!
Anonymous said...
This is no surprise and Obama had nothing to do with it. This has been predicted for 30 years as the Chinese sheer population and manufacturing strength continues.
October 9, 2014 at 11:25 AM
Aw!! I bet this was the same Obama lover that was defending him on the story about gas prices.
Why don't you carry your Muslim loving but out of here.
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