Center for Economics and Business Research: U.S. Economy Still on Top, Brazil overtakes United Kingdom
The Center for Economics and Business Research has just announced their newest breakdowns of the biggest economies on planet Earth and guess what they said? The United States is still the biggest economy on the planet (a mixture of producers, consumers and available income) but to top it off they predict the U.S. economy will stay on top until 2020 at the very least.
USA! USA! USA! Rrrrooooowwwwww!!! (tongues wagging crazily like our whiny liberal friend Matt Damon in Eurotrip)
Now in and of itself: What difference does it make that some other think tank full of economists has told us that America is still going to be chugging or gasping along economically for another decade or so? It speaks volumes about the silly nature of many of the political conflicts that have been occurring this country over the last calendar year.
Remember when the most important thing in the universe was that the United States credit rating was downgraded due to political gridlock and bickering in Washington?
Remember when GOP candidates were saying that they would bludgeon Obama about the credit downgrade?
Believe it or not despite the rhetoric of sudden deficit hawks and members of the GOP, the U.S. economy continues to chug along more or less unaffected by what we were all told were catastrophic calamities just 3 months ago.
Now I’m not about to pull a John McCain and suggest that “The fundamentals of the U.S. economy are strong.” But, it’s clear that unemployment numbers, massive income inequality and shrinking social services are not a good sign. However, the CEBR report suggests that our economy probably has the fundamental structure to fix itself and that American robustness is still in place – and should be heading strong into 2020. If we could only get the Republicans and Democrats in the House and Senate to agree upon a plan – and then have that plan enforced by the president – we just might live up to the somewhat positive economic forecasts that have been laid out for us. Don’t squander it, Washington.
This article originally appeared online at Politic365.com.