Trump Says U.S. Losing Economic Power To China, No Longer A Rich Country
The United States is quickly losing its economic power to China, while the country faces debt levels that “no one ever dreamt possible.”
Any amount of DEBT by the US Govern. is now possible under OBAMA. Anything to keep his people getting more and more free Welfare Monies. THey are always claiming they are very proud and don't want any putdowns by middle american working people. But Obama's main supporter base, are not too proud to not take $30 - 50 thousand each female headed family in various kinds of Subsidies and welfare payments, including $5000 - $10,000 bonus checks theIRS pays them
Bush Jnr, started it... but Obama's made the DEFICITS WORSE ... to keep feeding his Rev. Wright / Holder / Sharptonite supporters who are too proud to work. He's not got the USA's best interests in mind. Just that main Democratic Party Voter-Base.
Trump is a moron for what he did during the presidential election. I mean he kept trying to undermine Obama by bringing up his citizenship and when that didn't work, he tried with Obama's college transcript debacle! Trump really made a fool out of himself for doing all that. So not he's obviously trying to blame Obama for the economic mess. Where was he when Bush Dubya caused the oil prices to go up, tax cuts for the wealthy and made the entire world despised us Americans? Well he didn't say much since Trump himself is the top 1% so he got his massive tax break so who cares about the defict Bush was creating then. It's all about Trump.
Of course the US is losing economic power. It shifted technology to everyone else that would manufacture a product cheaper than an American would do it. This lowered American wages and buying power and moved manufacturing overseas. It is the nature of capitalism. A few exploit the world's masses and accumulate all the world's assets. Oh well. The sooner Trump is gone, the better.
He should know. Trump just sold his Trump Plaza Hotal in Atlantic City for $20 million after paying $250 million to build it. Maybe he should focus more on his company losing money than politics.