by Mark Steyn • Dec 8, 2014
It's Official: America Is Now No. 2
Chinese economy overtakes the US's to become the largest
I mentioned in this space a few weeks ago the IMF's calculation that China will become the planet's leading economic power by the year 2016. And I added that, if that proves correct, it means the fellow elected next November will be the last president of the United States to preside over the world's dominant economy. I thought that line might catch on. After all, we're always told that every election is the most critical consequential watershed election of all time, but this one actually would be: For the first time since Grover Cleveland's first term, America would be electing a global also-ran.
President Obama stayed only one night in Australia for the G-20 summit, but the entire presidential delegation required over 4,000 rooms costing in excess of $1.7 million for the entire stay.
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