The U.S. has tumbled further down a global ranking of the world’s most competitive economies, landing at fifth place because of its huge deficits and declining public faith in government, a global economic group said Wednesday.
The announcement by the World Economic Forum was the latest bad news for the Obama administration, which has been struggling to boost the sinking U.S. economy and lower an unemployment rate of more than 9 percent…..
Singapore moved up to second place, bumping Sweden down to third. Finland moved up to fourth place, from seventh last year. The U.S. was in fourth place last year, after falling from No. 1 in 2008.
YOU HOO AMERICA, WHAT’S IT GONNA TAKE?
1 comment:
YOU HOO AMERICA, WHAT’S IT GONNA TAKE?
Something much, much worse.
Last night, a teacher colleague of mine (She's from London originally and about 65 years old) told me that the source of our problems is all the money that the United States gives to Israel.
I kid you not. That's what she said.
Meanwhile, she and her husband are rolling in dough -- due to his consultation business, whatever it is. And he 34 year old son is earning a salary in the upper 6 figures -- after only 5 years in the work force (He was in the military before entering the civilian work force). What does he do? Negotiate government contracts for essential services.
Until more people feel the effects of Obama's policies, they will continue to be blind to the fact that the United States is declining in all respects.
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