Friday, August 20, 2010

China Overtakes Japan in 2Q as No. 2 Economy

My Way News - China overtakes Japan in 2Q as No. 2 economy
TOKYO (AP) - Japan lost its place as the world's No. 2 economy to China in the second quarter as receding global growth sapped momentum and stunted a shaky recovery.

The hubris behind American desire for empire and endless welfare is missing the bigger picture. It is based on ego from being the largest country in the world. But, the lead is shrinking fast. The debt we are putting on our children and their children will be a weight around their necks for decades, and will inhibit their ability to compete with a larger and stronger China and India arrive. It already is inhibiting us, and distracting us from the real issues.

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