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America as Less Than No. 1
Daniel Henninger, Wall Street Journal
So this is a taste of what it will be like when the American superpower starts shrinking. Enjoying it yet? After the humiliation of the United States losing its AAA credit rating; after watching the American stock market descend into chaos; after living for two years in a $15 trillion economy unable to grow beyond 2%, with unemployment rates rarely experienced in the U.S., Americans have their first whiff of inhabiting an empire in decline.
So this is a taste of what it will be like when the American superpower starts shrinking. Enjoying it yet? After the humiliation of the United States losing its AAA credit rating; after watching the American stock market descend into chaos; after living for two years in a $15 trillion economy unable to grow beyond 2%, with unemployment rates rarely experienced in the U.S., Americans have their first whiff of inhabiting an empire in decline.
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