Without the numbers it is hard for most people to understand why the American economy is the locomotive driving most of the world. For the past five years the United States has not been driving anybody anywhere. We are stuck in a Democrat-union anti-commerce environment.
Let's take data from the year 2006. The United States was the major market for the other giant economies in the world. In the United States we were consuming nearly $14 billion worth of goods and services. We had grown in the past decade at 23% on a per capita basis.
England, France and Germany in total in that year was less than half our size at roughly $7 trillion of GDP. England, France and Germany had grown in the previous decade by 18% on a per capita basis.
Japan was at roughly $4 trillion and had not grown in the past decade. China was at $6 trillion.
The United States was a bigger market than any combination of Japan, China and the combined group of UK, France and Germany.
Let us also add in the significant commercial innovations during that era. The creation of the global Internet, Google and the beginnings of Internet commerce as well as the expanding use of computers in business and the global distribution system created by the American UPS and FedEx.
The United States has long been the driving engine of commerce on the planet. It is important to realize that at a time when we have been crippled by a Democrat-union government for five years; we have had no per capita growth and our failure is transmitted to the world.
We have now shackled ourselves with a medical healthcare service that is government run and will certainly present the same shackles on our system that it has created for other countries. It has been the United States that is the driving engine for all medical improvements and now, just as our economic engine can barely pull anyone else our innovation engine in healthcare faces the same problem.