Only one in five Americans believe that the U.S. has the world’s strongest economy, while 47 percent believe that China deserves that honor, according to a new poll released Wednesday by Northbrook-based Allstate Corp. and the National Journal.
It’s the first time that the Allstate-National Journal Heartland Monitor Poll has posed the question.
The survey also found that 67 percent of Americans believe that their financial situation will get worse or remain the same in 2011, rather than improve.
In the long term, 34 percent of Americans believe that the U.S. will have the world’s strongest economy in two decades, while 37 percent chose China’s economy.
To see the complete report and methodology used, click here.
What a shock!?? Maybe if we actually made anything here it would be different. For all of you great economists out there, please dont give me the crap of how free trade raises all boats. Its free trade when the rules are the same on each side which it is not!
With BHO in office, soon we’ll be out-run by Kazakhstan.
Hope and change.
Our lack of competitiveness is a direct result of a culture of ignorance. Our education system is ranked 39th in the world! Americans would rather be entertained than learn; we get what we deserve. And don’t blame the President! If more American’s were like him then China would really have a competition on its hands! No one can force the average dopey American to find some intellectual curiosity.
Correction:
Make that ranking below 25th for math and 17th for Science.
I split my time between China & Chicago. My money is on China (& I’m Irish). My kids will not attend CPS. Right now my daughter goes to school in China for 10 hours each weekday. She is learning three languages. For the state of the CPS under Huberman, look no further than Fenger H.S. on the front page of the site today.
If Chicago’s dropout population neither understand the value of education nor is capable of obtaining work-ready skills, how do they expect their socially promoted children to enter anything else other than the lowest tier of the service industry (or the prison system)? Wake up…when you work 28 out of 31 days each month (like they do in China), then you won’t be so happy.
Fortunately for China they only have Chinesew, also a communist/capitalist system, nobody gets handouts like in Amerika.
that would be Chinese, not Chinesew!
Bush was the one who blew up the speculative bubble that we are recovering from. I think it’s good that Obama is president. McCain? Yeah, right!
TARP has been paid off almost entirely and things are not as bad as they could have been.
The bubble economy of Bush is gone.
That’s good.
Let’s move forward together as a country!
US economy is three times larger than Chinese economy. This news article shows how accurate those surveys are.
To Philip: The question was ” the strongest economy” not “the largest economy”. You are right saying that American economy is three times larger than Chinese economy. But Chinese economy is stronger than American ecoonomy right now. Don’t you think so? Also there is a good chance that the size of China’s economy will be larger than that of American economy by 2020, if present economic trend continues.