Thanks Barack… US Drops to 7th Place on Global Competitiveness Index Due to Historic Debt and Deficits
Posted by Jim Hoft on Monday, September 10, 2012, 1:24 PM
We’re Number 7!
The United States dropped in the Global Competitiveness Index ranking for the fourth year in a row because of exploding debt and deficits.
The United States just dropped to seventh place on the World Economic Forum’s newly released Global Competitiveness Index.
iStock Analyst reported:
The U.S. dropped to No. 7 on the World Economic Forum’s newly released 2012 Global Competitiveness Index report. Switzerland retained its top position as the most competitive nation, followed by Singapore, Finland, Sweden, the Netherlands and Germany.
Asian countries continue to be among the most competitive—and many are gaining strength. Among the top 20, five are from Asia. Compared to last year’s ranking, Singapore retains its No. 2 spot, Hong Kong gained two positions, Taiwan remains No. 13, Korea advanced five spots and Japan dropped one position.
One year ago this week the US was downgraded for the first time by Standard and Poors.
The Obama deficit just topped a trillion dollars for the fourth year in a row with a month left in the fiscal year.
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Patty commented:
I have commented on this and so have a few others. This is so incredible but I knew about this for sometime. So, do the professionals in their field.
When our economy is so bad for so many month, this is inevitable Downgraded under Obama and then the most unbelievable thing of all, Obama magic man diverts the American people, now we see the man behind the curtain, now you don’t.
Obama is one dangerous individual if he can diverts so many naive voters come Nov. He will have pulled off for the SECOND TIME this nation biggest con ever.
How is that possible, is there something in the water, are aliens coming down and re rigging brains, is Obama the real anti Christ, silly stuff, yes?
Well, bias media, really, again, yes, that is all I can figure because Obama has done a real magic trick, all the while America is falling into a FATAL tailspin out of Control? Not for Obama, this is either the most Amateurish president or one of the most CONNIVING.
Either way, his approval on his job is 50% people aren’t paying attention and Obama is just beginning, people, remember he doesn’t speak about failures or what he will do if given a SECOND term. We will be dead and buried as a nation.
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OT
Video: ObamaCare diagnosed in one sentence
http://www.youtube.com/watch?v=vdnY8r7_fLw
Patty commented:
OT
Yet, another Poll, who knew and which one do you believe. And from now until November the Obama campaign are like scientist trying desperately to rig the numbers. Oh, they have so many who have taken the same class. MAGIC, that is.
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National
Likely voters Sep 4-6
Obama 46%
Romney 49%
Other/Undecided 5%
A total of 47% of Americans say they approve of the way Barack Obama is handling his job as president and 48% say they disapprove of the way Obama is handling his job. In July, 46% of Americans approved of the job Obama was doing and 51% disapproved.
When it comes to Obama’s handling of the economy, 45% of Americans approve and 50% disapprove. In July, 44% approved and 52% disapproved.
Among Americans registered to vote, 48% approve of the way Obama is handling his job as president and 48% disapprove. On Obama’s handling of the economy, 44% of registered voters approve and 51% disapprove.
Details from the nationwide survey conducted August 17-20 are available at The National Economy.
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Now, we are 7th place in Global Competitiveness. Kick in the Head or do we need to be Kick in the butt to come to our senses that OBAMA IS WRONG, IN THREE WORD, WRONG FOR AMERICA. GOT THAT OBAMA AND BIDEN DO THE MATH, 3 WORDS.
http://americanresearchgroup.com/
mg4us commented:
Obama is NOT President Zero. .
Obama IS President DECLINE
Less Workers as % of Population
Less Money in our pockets after paying for gas and food
Less Freedom
MSM spinning hard to pump Obama up. . but here is the dirty little secret MSM and Democrat leaders know. . With HISTORIC election in 2008, OBAMA only captured 53% of Popular vote. . .
Since coming to office he dismissed Republicans and Blue Dog Democrats.. . .
- 4 in 10 TEA Party Patriots ARE AGAINST OBAMA (but they voted for him in 2008)
- Blue Collar white males were written off by Obama (yet many voted for him in ’08)
- Married Women and those with Children who voted for Obama in 2008
- 50% of students who cannot find jobs or had to move home with Mom and Dad
This election is not about Romney but obama
See what obama’s mom said on p47 Dream From My Father about Americans
THESE ARE NOT MY PEOPLE
Here are some links:
#106 September 23, 2011 at 10:41 pm
bg commented:
4 in 10 Tea Party Protesters Are Either Democrats or Independents
and this
Tea Partiers Are Fairly Mainstream in Their Demographics
Patty commented:
Even more pitiful economic numbers released. Obama built that
[..........]
Many economists, however, believe the Fed will launch another round of bond buying at its September policy meeting. The aim is to drive long-term interest rates lower and encourage more borrowing and spending.
The 1.5 percent growth rate in the second quarter was the weakest since the economy, as measured by the gross domestic product, expanded at a 1.3 percent rate in the July-September quarter last year. GDP measures the country’s total output of goods and services, from the purchase of a cup of coffee to the sale of fighter jets.
Current-dollar GDP increased at an annual rate of $117.6 billion in the second quarter to $15.6 trillion.
Growth was weaker mostly because consumer spending slowed to a growth rate of just 1.5 percent. That’s down from 2.4 percent in the first quarter. Americans bought fewer autos, computers and other long-lasting manufactured goods. Spending on services increased.
They also saved more. The savings rate increased to 4 percent, up from 3.6 percent in the first quarter.
Consumer spending, which accounts for 70 percent of economic activity, was offset somewhat by a slightly smaller drag from the government. Spending by governments fell at an annual rate of 1.4 percent in the second quarter, just half of the 3 percent rate of decline in the first quarter.
The Commerce Department also revised its growth estimates for the past three years. Those revisions showed that the economy contracted 3.1 percent in 2009, slightly less than the 3.5 percent previously reported. Growth in 2010 was put at 2.4 percent, down from 3 percent, with growth in 2011 at 1.8 percent instead of 1.7 percent.
The U.S. economy has never been so sluggish this long into a recovery. The Great Recession officially ended in June 2009.[.........]
http://bbs.clutchfans.net/archive/index.php/t-224287.html
OH SO MUCH MORE AT THIS LINK ……….. READ FOR YOURSELF
ONLY PART OF THE STORY
Redwine commented:
If Comrade Barry in allowed to have his way, we’ll be further down the list on par with Zimbabwe.
Patty commented:
The U.S. economy has never been so sluggish this long into a recovery. The Great Recession officially ended in June 2009.
Until a few weeks ago, many economists had been predicting that growth would accelerate in the final six months of the year. They pointed to gains in manufacturing, home and auto sales and lower gas prices.
But threats to the U.S. economy have left consumers too anxious to spend freely. Jobs are tight. Pay isn’t keeping up with inflation. Retail sales fell in June for a third straight month. Manufacturing has weakened in most areas of the country.
Fear is also growing that the economy will fall off a “fiscal cliff” at year’s end. That’s when tax increases and deep spending cuts will take effect unless Congress reaches a budget agreement.
http://bbs.clutchfans.net/archive/index.php/t-224287.html
All that is making companies reluctant to expand and hire much.
Patty commented:
yet, Obama tastic is approved by AMERICA.
mg4us commented:
Patty the pollsters are playing games. .
The only poll that matters is Nov 6, 2012. .
provided they don’t cheat too much
obfuscatenot commented:
Wow, sooo decline is in fashion in the liberal world? Education and Global competitiveness-curiously seem to go hand in hand…… Unions and the Feds love the Democrats…..Remember Rush getting so very much flak (fluke-ha) because he dared to say he hoped obama failed in his objective?
Redwine commented:
Patty @#2 – I was just about to post the link to that fantastic deconstruction of O-Tax.
It’s a great find. So here it is anyway: http://www.youtube.com/watch?v=vdnY8r7_fLw
MT Geoff commented:
I’m surprised that several Euro-socialist countries actually come in ahead of us in the competitiveness survey. That depends a lot on how “competitiveness” is calibrated (duh). If it’s only based on tax rates, it’s less surprising. If it’s based on a combination of tax rates, regulatory environment and (measure this) national respect for achievement, we might do better.
democraps suck commented:
odumb$hit is just pissed because the US didn’t drop further….that has been his goal since he was a so called senator and he wants another 4 years to take away more rights of US citizens
Linda commented:
MT Geoff–I noticed what you did—those countries above the US (with the exception of Singapore) have a real socialistic bent to them. And I also couldn’t help but notice that World Economic Forum has its headquarters in Switzerland (number one in the survey).
Jeff commented:
Does it mean anything to you guys that 5 of the top 6 are deeply socialist nations?
MT Geoff commented:
#18: Jeff, meet Geoff. I’m not schizoid and neither am I. And howdy, Linda.
Practical Jane commented:
A more effective headline might reference that we were #1 in 2008 – before the Commie.
See 2016 and Vote!!!
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