Comments on: Downside risks to a Ryan presidential run http://blogs.reuters.com/james-pethokoukis/2011/04/26/downside-risks-to-a-ryan-presidential-run/ Politics and policy from inside Washington Sun, 07 Apr 2013 21:23:48 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: limapie http://blogs.reuters.com/james-pethokoukis/2011/04/26/downside-risks-to-a-ryan-presidential-run/comment-page-1/#comment-11603 limapie Tue, 26 Apr 2011 19:57:30 +0000 http://blogs.reuters.com/james-pethokoukis/?p=6519#comment-11603 At any rate, whoever wins the actual presidential office will find that they will be the last supreme leader of the world. According to the IMF, America will drop to #2 in 2016. http://www.marketwatch.com/story/imf-bombshell-age-of-america-about-to-end-2011-04-25?link=MW_home_latest_news April 25, 2011 IMF bombshell: Age of America Nears End Commentary: China’s economy will surpass the U.S. in 2016 By Brett Arends, MarketWatch "China’s economy will be the world’s largest within five years or so. "(Most people are)miscounting. They’re only comparing the gross domestic products of the two countries using current exchange rates. That’s a largely meaningless comparison in real terms. In addition to comparing the two countries based on exchange rates, the IMF analysis (as posted on their web site) ...looked to the true, real-terms picture of the economies using “purchasing power parities.” That compares what people earn and spend in real terms in their domestic economies. Under PPP, the Chinese economy will expand from $11.2 trillion this year to $19 trillion in 2016. Meanwhile the size of the U.S. economy will rise from $15.2 trillion to $18.8 trillion. That would take America’s share of the world output down to 17.7%, the lowest in modern times. China’s would reach 18%, and rising. Just 10 years ago, the U.S. economy was three times the size of China’s. The actual date when China surpasses the U.S. might come even earlier than the IMF predicts, or somewhat later. If the great Chinese juggernaut blows a tire, as a growing number fear it might, it could even delay things by several years. But the outcome is scarcely in doubt. " At any rate, whoever wins the actual presidential office will find that they will be the last supreme leader of the world. According to the IMF, America will drop to #2
in 2016.

http://www.marketwatch.com/story/imf-bom bshell-age-of-america-about-to-end-2011- 04-25?link=MW_home_latest_news
April 25, 2011
IMF bombshell: Age of America Nears End
Commentary: China’s economy will surpass the U.S. in 2016
By Brett Arends, MarketWatch

“China’s economy will be the world’s largest within five years or so.

“(Most people are)miscounting. They’re only comparing the gross domestic products of the two countries using current exchange rates. That’s a largely meaningless comparison in real terms.

In addition to comparing the two countries based on exchange rates, the IMF analysis (as posted on their web site) …looked to the true, real-terms picture of the economies using “purchasing power parities.” That compares what people earn and spend in real terms in their domestic economies.

Under PPP, the Chinese economy will expand from $11.2 trillion this year to $19 trillion in 2016. Meanwhile the size of the U.S. economy will rise from $15.2 trillion to $18.8 trillion. That would take America’s share of the world output down to 17.7%, the lowest in modern times. China’s would reach 18%, and rising.

Just 10 years ago, the U.S. economy was three times the size of China’s.

The actual date when China surpasses the U.S. might come even earlier than the IMF predicts, or somewhat later. If the great Chinese juggernaut blows a tire, as a growing number fear it might, it could even delay things by several years. But the outcome is scarcely in doubt. “

]]> By: 4ngry4merican http://blogs.reuters.com/james-pethokoukis/2011/04/26/downside-risks-to-a-ryan-presidential-run/comment-page-1/#comment-11601 4ngry4merican Tue, 26 Apr 2011 19:15:25 +0000 http://blogs.reuters.com/james-pethokoukis/?p=6519#comment-11601 "In 18 months, for many low-information voters, he’ll be the grinch who wants to take away grandma’s heart medicine to save a few pennies." I have yet to hear any additional "information" from Republicans that explains how this is not true. If you take the Medicare budget, cut it back by those "few pennies" and then give it to seniors to buy their own coverage from private, for-profit insurance companies, there's not a snowball's chance in hell that those insurance companies are going to give them the same coverage they were getting from Medicare. Please explain to me, James, what "information" do you have that I don't have that will explain why purchasing a service from a for-profit company will be cheaper than getting that same service from a non-profit government agency. “In 18 months, for many low-information voters, he’ll be the grinch who wants to take away grandma’s heart medicine to save a few pennies.”
I have yet to hear any additional “information” from Republicans that explains how this is not true. If you take the Medicare budget, cut it back by those “few pennies” and then give it to seniors to buy their own coverage from private, for-profit insurance companies, there’s not a snowball’s chance in hell that those insurance companies are going to give them the same coverage they were getting from Medicare.
Please explain to me, James, what “information” do you have that I don’t have that will explain why purchasing a service from a for-profit company will be cheaper than getting that same service from a non-profit government agency.

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