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Posted by bushmeat in General Discussion (1/22-2007 thru 12/14/2010)
Thu Sep 10th 2009, 11:04 AM
http://www.americansolutions.com /

The World Economic Forum released a stunning report yesterday that says the United States has fallen behind Switzerland as the most competitive economy in the world.

The U.S. dropped from the top spot in the WEF report in part because of "concerns on the part of the business community about the government's ability to maintain arms-length relationships with the private sector, and in the perception that the government spends its resources wastefully."

When you consider the government's intervention in the banks and auto industry and the proposed takeover of the health care and energy sectors, it's unfortunately not terribly surprising that government intrusion in the private sector led to the drop in rankings.

This report has to be pretty embarrassing for America. We don't like to be in second place. It's time for a new economic approach that creates jobs, not bigger bureaucracy and more debt.



It is interesting how Republican led financial policy of financial deregulation led to 1. the financial bubble, 2. the crisis under their watch and 3. the WEF down-rating.

So then this GOP-Gingrich led group blames the down-rating on Obama's government intervention to mitigate the fallout (which has worked and saved millions of jobs). But if it worked or not had nothing to do with the reasons cited by the report and Reuters for the down-rating. The site Newt links to http://www.reuters.com/article/topNews/idU... for the WEF report clearly states that "economies with a large focus on financial services such as the U.S., Britain or Iceland were the losers of the crisis." and that "There are problems on the financial market that we were not aware of before. These countries (like the U.S. and Britain) are getting penalized now".

The policy behind this website is as thin as Kleenex. Apparently Gingrich considers his constituents to be automatons that don't think independantly or ask critical questions.

The site states that a better economic policy is presented here - http://www.americansolutions.com/jobsfirst / but there is nothing at all to address the concerns of the WEF, only more unfunded tax giveaways to the wealthy that grow the debt.

If there ever was a Trojan horse in Washington to destroy Capitalism the GOP is it folks.
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