The United States is going to be a rich country, it is going to be prosperous, but it is not going to be able to take the lead in the next phase of global economic development.
Sentiment: NEGATIVE
I think the U.S. economy wants to be strong. It wants to be.
If the nation is rich but people are poor, the country cannot be strong, and society will be unstable.
I think the rich will eventually have to cave in too, because the economic situation around the world is not gonna tolerate the United States being on top forever.
The United States prides itself on being the richest country in the world. Yet we can't balance the budget, pay for education, or take care of the aged and infirm.
It's well proved economics that if a country which is rich and a country that is poor come together in global trade, sooner or later the standard of living of the poor country will go up towards that of the rich country.
But the fact is, most people are not going to be rich someday.
I know it's going to be the private sector that leads this country out of the current economic times we're in. You can spend your money better than the government can spend your money.
The United States is the most innovative country in the world. But our leadership could slip away if we fail to properly fund primary, secondary and higher education.
Every country has rich people. But only a few places have achieved a vibrant and stable middle class. And in the history of the world, none has been more vibrant and more stable than the American middle class.
But the - look, I think that this - the United States of America is still the most powerful economy in the world. It is an incredible engine for creativity and innovation. And it has the most - smartest, most effective workforce in the world. So we have a lot going for us, in spite of the fractiousness of our politics.