As if we didn’t have enough bad economic news, the United States has fallen to fifth place among the world’s most competitive economies, below Singapore and Finland. The reason? Huge deficits and declining faith in government.
The World Economic Forum based in Davos, Switzerland, compiled the list.
Switzerland holds the top spot for the third straight year. Sweden is third. As recently as 2008, the United States was number one. Let’s see, what happened in 2008? Oh yes, Barack Hussein Obama was elected president and our standing in the world in so many ways has been declining ever since.
Another presdential speech last Thursday night in which the president asked for more money to spend won’t cut it. If it would, previous stimulus money would have stimulated the economy. Let government get out of the way. That would be the ultimate simulus.
In Washington, Indiana, my father’s hometown, I’m Cal Thomas.
Publication date: September 9, 2011