America is no longer a superpower and every American election produces presidents with no idea where the problems lie:
The reality is that the estimated cost of overdue maintenance across America’s aging infrastructure system by 2020 is $3.6 trillion; its NASA’s scientists and astronauts are mostly in their 50s and 60s. On top of that, it is so cash poor that it has to rely on its enemy, Russia (a country still under US sanctions), to transport its oldest (56-year old) woman astronaut to the International Space Station. Yet, the newly elected president Trump gave priority to the idea of asking the Congress to pay for his election promise to build a $8 billion wall along the Mexican border.
America’s economy is built on speculative activities. The main causes of the 2008 Global Financial Crisis were labeled by the Federal Reserve Bank of San Francisco as ‘speculative bubbles and overreaction to technological innovation’. However, all the presidential candidates, particularly Trump, blamed China for the disarray of the US economy, despite the fact that an USCBC report found “trade with China supports roughly 2.6 million U.S. jobs, across many industries, and created $216 billion in growth in 2015. “
American GDP is funded through ongoing, relentless money printing and borrowing, with the amount of national debt more than doubled since the 2008 GFC. Despite such reality, Trump is not asking basic commonsense questions:
- How did China, a…