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Politics : PRESIDENT GEORGE W. BUSH
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To: JDN who wrote (402794)5/5/2003 9:13:02 AM
From: JakeStraw  Read Replies (1) of 769670
 
Clinton blabbing again -
Clinton: China or Europe Will Replace U.S. as Top Power

Ex-President Bill Clinton predicted this week that either Communist China, which helped bankroll his 1996 re-election campaign with hundreds of thousands of dollars in illegal contributions, or the European Union would replace the United States as the world's No. 1 power within the next 30 years.

"In all probability, we won't be the premier political and economic power we are now," Clinton told the Washington Post in an interview from Mexico on Thursday. Saying the shift would occur within "a few decades," the ex-president cited the growth of China's economy and Europe's already formidable economy as factors that would doom continued U.S. supremacy.

Clinton said the question of whether China or Europe would replace the United States depended on how their respective governments invested in military might. While Europe's defense investment has been minimal since World War II, China now has the fastest-growing military budget in the world.

1996, the Clinton administration approved the transfer to Beijing of key missile guidance technology which enabled China to hit most major U.S. cities with its intercontinental ballistic missile fleet.

Clinton offered his prediction to the Post in an attempt to clarify comments he made to an Australian audience in February, where he warned: "This is a unique moment in U.S. history, a brief moment in history when the U.S. has pre-eminent military, economic and political power. It won't last forever."
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