How To Tell When The NYT Isn't In Time With AMERICA!?

Gabriella Demczuk/ The NYT >> Senate Passes Workplace Antigay Bias Ban << JEREMY W. PETERS, The Senate voted 64 to 32 in a bipartisan show of support that is rare for any social issue, though the bill’s prospects in the House are uncertain. Above, Senator Harry Reid. 

Economic Growth in U.S. Beats Forecast in Third Quarter

By NELSON D. SCHWARTZ 10:23 AM ET

The economy grew at an annual rate of 2.8 percent in the third quarter, significantly better than economists had expected. But some experts were quick to warn that the fourth quarter may not be as rosy. 

http://www.nytimes.com/ 

By Paul B. Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — America is a quitter. We’re giving up, surrendering, forfeiting. Yes, throwing the game. Throwing away our future as the world’s superpower. We’re forced to walk off the economic playing field. Not by outside enemies, by our own Congress refusing to play a job-creating economic game.   We are our own worst enemy in the biggest economic war in world history. And Asia loves it!

Our do-nothing Congress, our no-compromise politicians and our austerity-obsessed Luddites controlling Washington are killing America’s economic growth, killing our superpower role, killing our future ... and, yes, Asians love it. 

Old warriors like Sen. John McCain plus the neocons who conned us into the $3 trillion Iraq War still believe the future will be won by aggression, big armies, battleships and a Pentagon spending a half trillion a year ... while our infrastructure crumbles, our educational system decays, and jobs and profits go overseas fattening foreign economies.

By 2040, China’s GDP is 40% of world, America’s GDP shrinks to 14% 

Forget war, take off the blinders. It’s “the economy, stupid,” more jobs, not more war debt. Unfortunately, America’s myopic right wing acts like ninja saboteurs, unwittingly aiding and abetting growth in foreign nations. China keeps investing in its future, creating jobs, building infrastructure, funding education and technology and its GDP soars. 

And America keeps sliding into a no-growth economy, to 1% GDP growth in a generation. 

Yes, Asia is speeding way ahead of us, winning the economic war. By 2015 China’s GDP will overtake America’s. And still we refuse to compete, thanks to the myopic Luddites running Congress. A few years ago the headline of a Foreign Policy feature by Nobel economist Robert W. Fogel, a renown China scholar, made clear what’s ahead: “$123,000,000,000,000: Why China’s Economy Will Grow to $123 Trillion by 2040.” 

 

China is the new economic superpower because it is stealing the best of our capitalism, mixing it with government planning, racing to win the prize as the No. 1 global power. And while they’re planning, our saboteurs inside Washington are surrendering the economic war to China. Here’s Fogel’s disturbing forecast in Foreign Policy: 

“In 2040, the Chinese economy will reach $123 trillion, or nearly three times the economic output of the entire globe in 2000. China’s per-capita income will hit $85,000, more than double the forecast for the European Union, and also much higher than that of India and Japan as China moves “from a poor country in 2000 to a superrich country in 2040.” 

America’s per-capita wealth may be higher, says Fogel, but “China’s share of global GDP — 40% — will dwarf that of the United States (14%) and the European Union (5%) 30 years from now.” 

America wears blinders, Asia unstoppable, America losing the war 

Asians must be laughing loud at Washington’s blind stupidity, how we are sabotaging our own economic future. They see America as narcissistic, selfish and totally blind to how self-destructive we are. Worse, Asians are not only aware of our stupidity, they’re taking full advantage of it. 

Here’s how one Asian leader recently challenged our politicians. In “America’s Blinders,” a Project Syndicate column by Kishore Mahbubani, dean of the Lee Kuan Yew School of Public Policy at the National University of Singapore and author of “The Great Convergence: Asia, the West, and the Logic of One World:” 

“The time has come to think the unthinkable: the era of American dominance in international affairs may well be coming to an end. As that moment approaches, the main question will be how well the United States is prepared for it.” 

>>http://www.marketwatch.com/story/america-the-quitter-getting-whipped-by-china-2013-06-01 

[SIDEBAR:  WHO are the people writing at the 'Times' kidding?  Diverting the issues with CIRCUSES isn't cutting the mustard and that means the US CONSTITUTIONAL 'MUSTER' isn't either.  PLAY THE FIDDLE NERO while your ROMAN GOLDEN ARMY retreats from the WARS without END and then what?  How is WALL STREET gonna shuffle all those DERIVATIVES that are FRAUD and the WORLD EARTH has kicked the BS out, so should the NYT in the event it chooses to preserve at least one tiny shred of credibility in the global arena of REAL NEWS Twenty-first Century AUGHTS' style WWW.]