There's no shortage of things that should be fixed in the U.S. There's the "crumbling" physical infrastructure, the never-ending bipartisan arguments in D.C., the inadequate public school systems ... and list goes on.
But there are also things that are going right in the U.S.
U.S. Trust's Joseph Quinlan identifies these in his "What's Right With America" thesis.
"From our vantage point, America needs to leverage its strengths to correct for its weaknesses," he wrote.
1. The U.S. is the largest and most productive economy in the world.
The U.S. is one of the only developed economies whose GDP is higher today than before the economic crisis.
Plus, the U.S. economy accounts for almost 1/5th of the global GDP, even though it only has 4.5% of the population.
Source: U.S. Trust, Bank of America Private Wealth Management
2. The U.S. remains a global leader in manufactured goods.
In nominal terms, U.S. manufacturing output was upt to $2.1. trillion in 2013. That's a 21% increase from the low 2009 numbers.
Since February 2010, the manufacturing industry has added approximately 700,000 workers.
Source: U.S. Trust, Bank of America Private Wealth Management
3. The U.S. is among the largest exporters of goods and services in the world.
Today, exports are up to $196 billion per month, after they dropped to $124 billion per month in April 2009.
The U.S. remains one of the major global exporters . In fact, the U.S.'s monthly exports are greater than most countries' yearly exports.
Source: U.S. Trust, Bank of America Private Wealth Management
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