The domino effect is a good thing in one way. The USA economy effects the world economy- QUICKLY!
Those same Arabs who were getting rich a few months ago off oil will be getting poor just like the rest of the world in no time flat.
The USA has been the heart of the global economy since the start of the industrial revolution. We are at the zenith now, and only hoping we can hold our ground in trying to sustain that heart. It would be a monumental day for China to buy out GM, it would be their equal to landing a man on the moon to many Americans. But its not that simple, or that unfair.
-UT-
Those same Arabs who were getting rich a few months ago off oil will be getting poor just like the rest of the world in no time flat.
The USA has been the heart of the global economy since the start of the industrial revolution. We are at the zenith now, and only hoping we can hold our ground in trying to sustain that heart. It would be a monumental day for China to buy out GM, it would be their equal to landing a man on the moon to many Americans. But its not that simple, or that unfair.
-UT-