The Internationale Monetary Fund has issued a warning that Americans need to heed. America has gone through a lost decade of job, wage and wealth creation. This has occured due to an archaic tax/regulatory structure, fiscal irresponsibility and nations taking advantage of our trade naivete. China on the other hand has pursued a mercantilist economy policy and keeping it’s currency artificially low. The result has been a transfer of wealth and jobs, from America to China. The US thanks to it’s fiscal irresponsibility, also owes China money. The IMF is now stating that China will overtake America in 2016 as the world’s largest economy.
For the first time, the international organization has set a date for the moment when the “Age of America” will end and the U.S. economy will be overtaken by that of China.
And it’s a lot closer than you may think.
According to the latest IMF official forecasts, China’s economy will surpass that of America in real terms in 2016 — just five years from now.
[....]
It provides a painful context for the budget wrangling taking place in Washington, D.C., right now. It raises enormous questions about what the international security system is going to look like in just a handful of years. And it casts a deepening cloud over both the U.S. dollar and the giant Treasury market, which have been propped up for decades by their privileged status as the liabilities of the world’s hegemonic power.
Read the rest: IMF bombshell: Age of America nears end
China’s economy surpassing America’s is not anything bad in of itself. They have 4 times the population we do, so it was a matter of time before this occurred. What is worrisome is the rate of deterioration of our economic standing. Our government is currently pursuing a weak dollar policy to devalue our debt amount. Ben Barnanke’s QE2 program of monetizing the debt has caused a spike in inflation and a further decline in our purchasing power.
We are shooting ourselves in the foot with our irresponsible fiscal and economic policies. The Obama regime has no intentions of fixing this situation. They are more focused on redistributing the diminishing wealth of this nation. The political Eunuchs called the Republican Party led by Boehner, are too scared of the Progressive machine to confront Obama. This can’t continue and we should heed the iMF’s warning as a wake up call. We need to get our fiscal and economic house in order.
End of a Presidency! Barak Obama’s assault on our economy has been noticed by the IMF and reported on by enough sources that the American people are now aware of what he has been up to for the last 28 months. We are talking Carter/Mondale type of losing numbers now.
“Mission Accomplished”
President Barack H. Obama
Man, if we cannot defeat this in ’12, we deserve what we get.
@ Flyovercountry:
Keep in mind that most people will not be able to understand this IMF report. And it won’t be reported in the MSM if it makes The Zero look bad. If an economy collapses in the forest and no one reports it, no one knows about it until its too late.
President Obama Chose To Worship On Easter At A Church That Hosted A Palestinian Hate-Israel Conference
@ vagabond trader:
Don’t kid yourself. He is going to be tough to beat. The Left and the Republican Establishment have spent the last two years destroying our most viable candidate. I don’t know if she’ll even try, now.
@ m:
Well, of course. Like-minded people tend to group together…
One economist put this well “We are not running
out of cash, we are out of cash. We are losing
credit worthiness”
Well played Barack!
@ Guggi:
McCain coul dhave eviscerated Obama with just such as that, had he chosen to run for President.
@ Iron Fist:
Great idea,HT weaselzippers:
http://disruptthenarrative.wordpress.com/2011/04/24/gas-pump-activism/
“Socialism only works in two places:
Heaven where they don’t need it and
hell where they already have it.”
(Ronald Reagan)
vagabond trader wrote:
It is a tragedy that this guy was elected, but
it is a disgrace that he still has support.
The union guys in Madison that jeered the
singing of the National Anthem, Obama
supporters all, no doubt.
@ RIX:
you have a link to that?
@ Guggi:
Obama was part of the Nuclear Freeze movement.
@ Guggi:
I miss Reagan. I was a young boy at the time, but he made you feel proud. People were making money and this nation was respected. Now we are the world’s sucker and laughed at.
Has Obama supported anything that would result in liberty and prosperity for Americans? Anything? Everytime I ask this of an Obama supporter, they get angry and change the subject.
@ Rodan:
Yes,he was heavily involved with marxist “culture” at Columbia.
Rodan wrote:
You know it drives me crazy that the MSM didn’t write about how unexperienced Obama was before the election !
vagabond trader wrote:
How is that different from being a “student at Columbia”?
Rodan wrote:
What Democrat over the age of 40 was not?
MikeA wrote:
Are you talking about the loss of credit or
the union guys in Wisconsin?
In both cases , I don’t have a link. They were
spots on FNC.
I’ll take a look though.
@ vagabond trader:
I think I’ll do that!
Rodan wrote:
Reagan knew how and when to fight back against his opponents here in America. He could have taught both George W. Bush and even Sarah Palin how to go about it.
@ MikeA:
No, but Americans understand $4 per gallon gasoline. They understand $2 for a cup of McDonalds coffee. They uderstand the rolling blackouts and airconditioning costs which they will be treated to this summer. This is the best we can hope for will not play any better in 2012 than it did in 1980.
When Obama got elected, he promised people that his version of hopety change would actually improve their standard of living. People do understand that their discretionary dollars left over after paying for gasoline and groceries won’t buy dinner and a movie any longer. Any incumbant runs on the premise that he/she needs four more years to accomplish their agenda. Americans don’t want to continue down the road of their work earning them nothing.
@ Guggi:
They covered up fopr him. You have understand, he is like a God at American politics.
@ Speranza:
Reagan was the last good President. The rest have been lame.
@ father_of_10:
Fortunately they don’t all become potus?
Rodan wrote:
He’s a moron.
Obama needs a swift kick in the nuts
lobo91 is missing.
@ Iron Fist:
Did you see his spokesman laughing when asked why the zero didn’t have an Easter proclamation? They really don’t give a shit.
@ Flyovercountry:
I understand that but as things start break down, people will get angry but not see the rushing toward the cliff we are heading to. When it does collapse, I feel it will be quick with the bond market failing fast. Warning signs have been there for a long time but no one paid attention to them or never reported them. This IMF report should be BIG news
@ Iron Fist:
Something everyone can understand.
Guggi wrote:
I must be unusually bright for my age (born during the Eisenhower administration) because I thought about his (lack of) qualifications to be president way back in early 2008.
@ m:
And that my dear, is the answer from this administration concerning their attitude toward Christians.
m wrote:
Yeah “he was in church”. He had time to make proclamations about a slew of Islamic holidays that nobody gives a shite about.
Rodan wrote:
There are a few things that as a Mom, I wish I could have done differently. The fact that my son regards Ronald Reagan as the greatest President of the last century, if not the greatest President ever, is one thing I did right.
@ Speranza:
Liberals I know expressed concern about this and still voted for him.
@ Speranza:
In a hate “church”.
*spit*
m wrote:
Hey do a headline on that!
@ Speranza:
The ONLY time I remember Obama’s lack of experience and qualifications ever being hammered on -- with the exception of talk radio -- was Rudy Guiliani’s scathing indictment of President “Present” when he introduced Sarah Palin at the Republican convention, which was then followed by Sarah taking on the Most Inexperienced Presidental Candidate Ever in her address.
@ m:
Good afternoon BTW!
zer0 continues to double down on stupid as Rome burns
vagabond trader wrote:
Caroline Glick of the Jerusalem Post refers to Columbia (where she got her undergraduate degree0 as “Bir Zeit on the Hudson”. Bir Zeit for those of you not familiar is a terror sponsoring university in Ramallah.
Rodan wrote:
It is 3:06 EDT. You are a bit off.
Speranza wrote:
It’s about the media not about you and me
Carolina Girl wrote:
He ran a lousy campaign for the GOP nomination but Rudy would have fought all out to win had he been the nominee (unlike the old fart we selected because it was “his turn” fro the nomination).
Guggi wrote:
Even with the media avoiding the question, how stupid must one be to not look into Obama’s background and to not notice his lack of experience?
President Obama’s administration has brushed off a request from the lower chamber’s top cop, Oversight Committee Chairman Darrell Issa, to provide documents related to ATF operations in which the United States allowed guns to be smuggled to drug cartels in Mexico.
WTF? (winning the future)
Speranza wrote:
As stupid as the average voter ?
@ vagabond trader:
He’s our Nero.
We need a Trajan!
@ Speranza:
The media WANTED McCain, and the Democrats wanted McCain. I wonder what it was about his past and his campaigns that tipped them off that he was the best nominee for Obama to beat.
I’m reminded of a scene in “All the President’s Men” where Deep Throat tells Woodward, essentially “all of the viable candidates have either destructed or are destrucing. They WANTED to run against McGovern -- look who they’re running against.”
@ Carolina Girl:
They way they though was even if McCain won, he’s a Progressive Republican. They would arther lose to a Non Conservative Republican.
We haven’t had a Conservative since Reagan as President.
Where’s President Drone when you need him?
Warning.Graphic.Very.Graphic.Nigerian Rop’s calling card.
Carolina Girl wrote:
Yes and now we are seeing the results of the electoral disaster the Republicans suffered in 2006 and 2008. For example, George Allen would have been a strong candidate not only in the South but in the Mid West as well.
Speranza wrote:
They knew that he loved the praise of The New York Times, The Washington Post and CNN and probably told him off the record that if he played his designated role as sacrificial lamb to The One, he would be welcomed back to the Georgetown cocktail parties. The fact that he went on Larry King’s show and not O’Reilly’s (O’Reilly has far more viewers then King had) tells you a lot.
So Obama’s Predator strikes on non-flying military personnel in Libya; how is this enforcing a UN ‘authorized’ no fly zone?
Guggi wrote:
Now that is a scary thought (because it is true!).
waldensianspirit wrote:
Duh don’t you know that it is Obama’s World and he is only letting us live in it?
Rodan wrote:
He actually has a lot more in common with Domitian -- paranoid, suspicious, and cruel -- with a strong narcissistic complex.
All Nero wanted was to be loved as an artist.
vagabond trader wrote:
They never had any intention of not voting for the Black man because they thought it was an atonement for America’s past.
@ Urban Infidel:
Hussein obviously hates African Christians.
Guggi wrote:
Very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very stupid.
Just one look at 0dumbo should be all the proof one needs…
The decline of America is a planned and sought after event by the liberals. Same thing happened to Britain. for some sick reason, the liberals cannot stomach a free country where the people are successful, powerful and trie to do good. It has to be taken down.
waldensianspirit wrote:
father_of_10 wrote:
Liberals hate other peoples happiness and prosperity. Lean and miserable is how they like the masses to be.
Rodan wrote:
Obviously he is a Trojan (horse)
@ Urban Infidel:
Watch if a civil war breaks out in Nigeria and the Christians are winning, Obama and NATO will bomb them.
@ Guggi:
Hey did you see my reply to you on the 1503 thread!
I took a little shoot at Austrians!
@ Speranza:
That’s why they love Islam!
Rodan wrote:
You can take that to the bank.
Rodan wrote:
I answered you here
Rodan wrote:
0dumbo is good with anything that is bad for:
A.) America
B.) Israel
C.) The rest of the West
in that order.
There are two messages we need to keep pounding into the heads of the ‘Mushrooms.’
It’s the spending Stupid!
Drill Baby Drill.
Keep the massage under five syllables so the Mushrooms can understand it.
@ Speranza:
.
Obama was a good bromide for White guilt.
More people that I know that voted for him
though, did it to feel hip & smart.
Da_Beerfreak wrote:
I would say keep it under three: the ‘shrooms are too busy copulating for copulation’s sake.
@ Macker:
Hey, have you checked your e-mail lately?
White guilt is a disease that is only found in the liberal population. It is not easily remedied.
@ doriangrey:
I did! I saw your e-mail. I am cool with it. Thanks for the clarification!
@ Macker:
I had a Pol Sci Professor that always called the demonrat party the party of sound bites and bumper stickers. To get our message to them we have to slip it into their communication channels without them being aware that we are slowly poisoning their thought process with our subversive messages. You are right. Keep it short and to the point.
father_of_10 wrote:
If you discuss White Guilt with a liberal (I have &
don’t recommend it), they really believe in collective
guilt.
Oddly enough before they finish, they let you know
that they somehow are the least guilty
RIX wrote:
This is like argueing with a fundamentalist.
Not voting for 0dumbo because he’s black is raaaaacist, while voting for him because he is, isn’t. Haven’t been able to figure that one out…
@ Guggi:
Good one!
@ Da_Beerfreak:
father_of_10 wrote:
Many of those with White guilt are actually vile racists themselves. They view those deemed Non WHite as inferior and needing of assistance.
@ vagabond trader:
@ Da_Beerfreak:
Obama will do anything for Progressive and Islamic interests.
@ Rodan:
Noblesse Oblige and low expectations of those who reside on the D voting plantation.A feature not a bug.
@ Guggi:
t.
That is a good analogy. A doctroaire leftist has rendered
him or herself incapable of critical thought.
They feel, which trumps knowing.
Macker wrote:
There wasn’t much to clarify, pretty sure it was all common knowledge around here.
@ Da_Beerfreak:
Rodan wrote:
There’s not doubt about it. That’s why I expect him to do nothing about Syria. Keeping Bashar al-Assad in power is bad for America, Israel, Lebanon, and of course Syria. But Keeping Bashar al-Assad in power is very good for Hamas, Hezbollah, and of course Iran. Not hard to see which way the 0ne is going to go with this one.
@ vagabond trader:
Yup, I agree.
This is just unbelievable:
Guggi wrote:
Who left their copy of the “Great Escape” out where the inmates could find it??
Looks like the Left’s plan and agenda will finally bear it’s first fruits in regards to the destruction of America being the economic leader of the world.