At the End of the Progressive Rainbow: U.S. Not #1 Anymore
May 12, 2014
According to the World Bank, China will surpass the United States as the largest economy by the end of 2014. According to the Luxembourg Income Study Database, the American middle-class is no longer the world’s most affluent – Canada’s is. U.S. businesses are being destroyed faster than they are being created reports the Brookings Institution. None of this is surprising given the terrible economic growth and dismal labor participation rates the policies of this administration have fostered.