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Thursday, December 4, 2014

And Then Along Came Jones; It's Official: President Obama First President Since Civil War To Preside Over #2; December 4, 2014

MarketWatch is reporting:
There’s no easy way to say this, so I’ll just say it: We’re no longer No. 1.
Today, we’re No. 2.
Yes, it’s official.
The Chinese economy just overtook the United States economy to become the largest in the world.
For the first time since Ulysses S. Grant was president, America is not the leading economic power on the planet. It just happened — and almost nobody noticed.
The International Monetary Fund recently released the latest numbers for the world economy. And when you measure national economic output in “real” terms of goods and services, China will this year produce $17.6 trillion — compared with $17.4 trillion for the U.S.A.
As recently as 2000, we produced nearly three times as much as the Chinese. 
As recently as 2000 ... and then along came Barry.  This is so good on so many levels ...  give me the deed to your ranch, you didn't build that .... then along came Jones, tall, thin Jones, slow-talking Jones, gum-chewing Jones....

Along Came Jones, Ray Stevens
And with $18 trillion in debt, he pretty much holds the deed.

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Venezuela -- It's Starting

Tweeting now:  Blackout hits parts of Venezuelan capital of Caracas - @Reuters

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