U.S. Falls To 5th In Survey Of World’s Most Competitive Economies, Was No. 1 When Obama Was Elected…
Something else Obama inherited from Bush (along with a AAA S&P credit rating).
GENEVA (AP) — 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.
Switzerland held onto the top spot for the third consecutive year in the annual ranking by the Geneva-based forum, which is best known for its exclusive meeting of luminaries in Davos, Switzerland, each January.
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.
The rankings, which the forum has issued for more than three decades, are based on economic data and a survey of 15,000 business executives.
Posted by ZIP on Wednesday, September 7, 2011, at 4:38 pm | 
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Ask Mila Kunis why it is again that we don’t like Obama. I bet she has no idea.
Thank you Obama, may I have another?
Can’t wait for the spin that Odumbo “inherited it” or it’s just “bad luck.” What a loser. Impeach this empty suit now.
He won’t be happy until were right behind Haiti.
Add to this American capital flight, jobs flight, and Obama’s love for our enemies and how he’s funding them with our debt! So they’re going on murderous rampages on our credit card!
Way to go team Obama!
Downgraded again.
Let’s face it, until Obama and his corrupt gang of Communist gasbags is voted out, our country is screwed. Nothing positive will happen to the economy until then.
In order to get back to being on top, all we have to do is REVERSE whatever the hell Obama did. Not an easy task.
“It’s GWB or the Tea Parties fault”; Says Jay “suck any thing that hangs” Carney
when will this long nat’l black cloud nightmare be over?
we must make all future presidents be profiecient in at least high school economics
Stop putting so much pressure on him. Geez, you want us to fall to third world status overnight? It takes time. He’s working on it.
@John Difool
Bite your tongue! It probably hasn’t occured to them yet..to go that far. Let’s not be giving them any ideas.
Switzerland #1 competitive economy? Tiny little Switzerland? Which could fit into a shoebox?
What exactly is the criteria for this ranking system?
This is what happens when elite progressive professors decide to put their theories into practice without any real world experience. You would think they’re so “educated” that they would know better…..well, actually now that I think about it, they do think they know better.
Hey professors, what’s the back up plan for supplies needed by the Int’l Space Station now that the Russian ship crashed? Oh, that’s right, you don’t have one – next shipment not coming until Feb. Good plan there academia, let’s dismantle NASA except for “reach around” programs for muslims and save money while using Russian space ships.
Practical vs. PC Theoretical.
At the rate he’s going Greece will be on par with the US.
Mission Accomplished.
I’m mad as hell at G.W.Bush for a whole host of reasons. But look at his picture. That is what 8 years of getting hammered as President will do for you.
How’s all that hope and change working out for ya.
Thanks obama for nothing now please GO AWAY
I have doubts that there are 15,000 business executives in the whole world. China only has one – the Communist party .
Third World, here we come….
Influence of Obama’s brother Abongo felt in Washington
SEPTEMBER 07, 2011 | Jerome R. Corsi
President Obama’s half-brother, who runs a foundation that collects funds in the United States, was able to get approval of a tax-exempt status from the Internal Revenue Service in an unheard-of time period of only a month, records reveal.
Barack Obama’s half-brother Abongo Malik Obama, also known as “Roy” Obama, appears to have received the sudden IRS approval to operate as a 501(c)3 tax-exempt organization in only 30 days. The result was made retroactive for three years.
The Barack H. Obama Foundation, which runs out of a commercial mail drop in Arlington, Va., has solicited tax-deductible contributions on the Internet since 2008.
But it first submitted an application for its tax exemption in May and was granted the status in June, according to records.
Abongo Malik Obama continues to serve as the founder and president of the Barack H. Obama Foundation, which, since it was set up in 2008, has asked for tax-deductible contributions on the Internet, listing addresses and telephone numbers both in the U.S. and Kenya, but without disclosing the group lacked an IRS determination letter.
http://www.wnd.com/index.php?pageId=342529
http://www.thegatewaypundit.com/2008/03/obamas-militant-muslim-brother-abongo-is-luo-activist/