Friday, April 15, 2011

The American Incline

Op ed in the Wall St Journal for Wednesday. I was gonna post a link to it but I couldn't find it on the Journal's website.
If you look at numbers, say population, GNP, and military spending, over the last decade (2000-2010) we have solid growth. Population is up 10%, to 310 million. GNP is up 21% over the decade, despite the dot com bust of 2001 and Great Depression 2.0, still on going. Military spending is up 55%
Compared to other countries, we are doing better than the EU, Russia, and Japan. India and China have been doing humongous growth over the last decade, so they pulled up closer to us, although we are still ahead by maybe 3X in the GNP department. Ten years ago we were ahead by 10X. Both India and China have 3X our population, so we can expect them to remain competitive for the forseeable future.
But, all and all, the numbers say the US is doing OK. There are a horde of lefty greenie pundits who have been crying gloom and doom, but they are just saying it, the numbers disagree.

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