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VodkaPundit

Sign “O” the Times

April 30th, 2014 - 10:47 am

DRUDGE

I’m old enough to remember the bad old days under GW Bush when this wasn’t supposed to happen until 2025 or 2030 or so.

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All Comments   (3)
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Given the ways that Chinese leaders cook the books (including hiding defense spending) I'll take that claim with a huge grain of salt.
19 weeks ago
19 weeks ago Link To Comment
Ehh...if you read the methodology, you'll notice there is a lot of jiggery pockery going on with this brand spanking new system that ranks third world countries much higher than traditionally. They're not comparing the size of the economies, but the purchasing power within the economy.

Which is fine--superficially, at least. But if you're going to say that a Chinese person with $1,000 can buy almost as much stuff as an American with $1,000 and therefore the Chinese economy is almost as big as America's, then you have to find a way to take into account that far more Americans than Chinese have $1,000. They don't do that.

This reminds of the Thomas L. Cooley law school ranking system that, entirely coincidentally, ranks Thomas L. Cooley number 2 in the nation. Ahead of Yale.

And it deserves as much respect.
19 weeks ago
19 weeks ago Link To Comment
The really depressing part is that it would have expanded by a solid 20+% if not for the vile prog choke hold of the last four years.
19 weeks ago
19 weeks ago Link To Comment
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