Joe Biden wanted to be President of the United States at all costs, even though he is unqualified to hold the position. Biden has dementia and does not understand domestic or global economic matters. In a bizarre election bearing the signs of fraud, Biden, who was unpopular and mocked when he was vice president from 2008-2016, all of a sudden received more votes than any other president in U.S. history, and by a wide margin.

Now that he has the job, reality is setting in. Biden is in over his head. The April job numbers are worse than his government and economists expected. Biden has posted the worst job numbers since 1998. It turns out for Biden that regurgitating and plagiarizing feel good quotes he read elsewhere, doesn't fix a severely broken economy. He is not equipped to fix the U.S. economy.

Before the pandemic took root, I warned the U.S. economy was going to take a massive hit and fall from number one in the world. A year later that is exactly what began to happen and is continuing (China Set To Overtake The U.S. Economy As The World Number One Due The Coronavirus And How It Was Handled By The Government Confirming Previous Site Claims).

China has now surpassed America in many economic categories, such as becoming the top destination for foreign investment. China also posted a sizeable profit during the pandemic (2020). America posted record job and financial losses.

STORY SOURCE

China Overtakes U.S. as World’s Leading Destination for Foreign Direct Investment

Updated Jan. 24, 2021 7:40 pm ET -China overtook the U.S. as the world’s top destination for new foreign direct investment last year, as the Covid-19 pandemic amplifies an eastward shift in the center of gravity of the global economy.

New investments by overseas businesses into the U.S., which for decades held the No. 1 spot, fell 49% in 2020, according to U.N. figures released Sunday, as the country struggled to curb the spread of the new coronavirus and economic output slumped.

China, long ranked No. 2, saw direct investments by foreign companies climb 4%, the United Nations Conference on Trade and Development said. Beijing used strict lockdowns to largely contain Covid-19 after the disease first emerged in a central Chinese city, and China’s gross domestic product grew even as most other major economies contracted last year.

The 2020 investment numbers underline China’s move toward the center of a global economy long dominated by the U.S.—a shift accelerated during the pandemic as China has cemented its position as the world’s factory floor and expanded its share of global trade...

https://www.wsj.com

China’s 2020 GDP means it will overtake U.S. as world’s No. 1 economy sooner than expected

January 18, 2021 5:00 AM EST - Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today. China's standout economic growth in 2020's pandemic-battered global economy has led analysts to update their forecasts for when China will overtake the U.S. as the world's largest economy to as early as 2026.

On Monday, China reported a year-on-year increase of 6.5% for the fourth quarter of 2020 and a 2.3% increase for all of 2020, surpassing analysts' forecasts and making China the the only major economy to log positive growth in 2020.

https://fortune.com

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