Economic Growth; the Dow Hits All Time High

I was watching “Your World With Neil Cavuto” where a round-table discussion was taking place. The topic at hand revealed several interesting points, 2 of which stood out. 1, the Dow Jones hit an all time record soaring high. 2, (and I paraphrase) “the US economy has grown 20% in 4 years. That 20% growth is equal to the entire Chinese economy.” That statistic is one of the most powerful things I have heard in my time here. While I follow geography, politics, and economics, I am still amazed by that. In FSEM100J we talk about China and India and their tremendous growth, the same Chinese boom is retaught and reinforced again in my geography class, and my political science professor wrote a book about China. China has exploded as a focus of American academia (as we heard President Frawley’s calls for Mandrin) and economics, yet despite that, the American economy, which I later heard called “weak and failing the American worker” by a US senator from N. Dakota, is growing bigger and faster. While the world maybe catching up America is the locomotive pulling it along. As far as the world being flat… it will be easier to lay track for the train on a level surface.