Our major competitor, the People's Republic of China is eating us for lunch. While President Barack Obama is busy jawboning down, investigating, suing, and tying up hundreds of productive, job-producing American companies with oppressive, crippling new regulations and rules. Please see previous posts.
Formerly the most powerful creator of wealth in the world, the most innovative and the most moral, the United States of America is losing ground fast in large part because of the tone and legislation from our bitterly anti-business president and Congress.
The Agricultural Bank of China Ltd has raised the most money ever through the largest initial public offering in the history of the world. President Obama, you might not understand the capital raising process that was essentially invented in the United States of America, but it is one of the most significant reasons the United States of America has enjoyed the most wealth and the highest standard of living in the history of the world. Under your watch, Mr. President, we are losing.
$22,100,000,000. I know that's nothing to you, Mr. President, given your possession and use of the U. S. Treasury, but it's the largest IPO ever...from a Chinese company.
So go after Intel. Go after Google. Go after United Health. Go after free enterprise. Go after them all, sir. Revel in the decline of our country...
An added bonus is that the U. S. fell to fourth in the World Economic Forum's global competitiveness study, down two spots. China moved up two spots.
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