China’s economy will be bigger than ours in just 5 years according to a new IMF analysis. By the year 2016, the purchasing power of the US economy will be $18.8 trillion – and China’s will be $19 trillion. Our reign as an economic powerhouse will end sooner than any of us predicted. The downward spiral starting with Reaganomics in 1981 and the explosion of free trade in the 1990’s has now reached terminal velocity today.
We need to start asking ourselves the tough questions, “What will the world be like WITHOUT America the economic superpower?” or "How do we get rid of Reaganomics?"