US No Longer World's Most Competitive Economy

US No Longer World's Most Competitive Economy

www.wgal.com

GENEVA -- Singapore and Hong Kong are the world's most competitive economies, an annual survey said Friday, demoting the United States from the top spot for the first time since 1993.

The study lists 58 economies according to 328 criteria that measure how the nations create and maintain conditions favorable to businesses -- a formula that had favored the U.S. for 16 years.

"They are so close in the rankings, that it would be probably better to define them as a leading trio," said Stephane Garelli, professor at the Lausanne, Switzerland-based IMD business school, publisher of the World

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Well, another sign of the USA's decline under POTUS Obama. Lets hear from the Obama defenders that this is all really Bushes fault and Obama is purely innocent and is trying everything he possibly can.... B.S.

What more do you people who still support him, need? Seriously. For the US to be rated below the whole western civilized world?

I know don't worry. Maybe the next piece of bad news will bring you to the right side-the one working to stop Obama and his problematic and non-working agenda. Well, maybe working for him but not for the betterment and good of America.

www.wgal.com
(visit the link for the full news article)

This should make Obama jump up in joy.

After all he was disappointed and embarrassed that US was still considered a world power after he & his administration have done all to tank the economy.

Since this economic crisis started under Obama. Get a grip on reality.

Originally posted by soultorent
Since this economic crisis started under Obama. Get a grip on reality.

In fact it all started with President Clinton and his philandering ways. Oh that NAFTA and those jobs leaving for other countries. And the push for Fannie and Freddie to make riskier loans.

Oh wait you were looking for me to say, it was Bush's fault.

Right, how could I forget...

Down BUSH

BUSH is Bad

SHAVE your BUSH...

How does this discussion come down to president bashing?!

IMO this has been in the works for a long time.

The presidents are just the puppets to take the blame - exactly like you guys are bickering about...

It is an international banking cartel that got a foothold in 1913, enslaved us in 1933, and took us off gold/silver in, what... '72?

That is how the U.S. has been dismantled IMO.

If the presidents even know what is going on, they probably are hard pressed to do anything about it.. the system is compromised to such an extent that any old 'Kennedy' can't just come in and try to change things...

reply to post by beebs


Well then they are the puppets to blame.

That is a poor excuse-IMO.

I know it's not funny. I still think 'duh' when I see the headline. I knew that for a long time now.

reply to post by Jessicamsa


Me too! I don't see why people are so surprised about this. I've had a feeling for quite some time that we werent that great and that people overrated our economy for far too long when it is actually quite fragile. I expect this thread to however go in a blame game to the Presidents as to who did what. Oh wait, it already has!

reply to post by soultorent


I agree with you, aside from the fact I COMPLETELY DISLIKE OBAMA, and really believe he has no legal right to be President ( I know).

I think the US economy has been on a slide since Regan and only in the last 10 years been moving faster in decline.

Anyway suffice to say this maybe the beginning of the long slide DOWN some other top of the food chain categories yet to come, I know one the US is the top of and that's UNEMPLOYMENT, get used to being last.

One thing I have learned in life is that the people at the top, have farther to fall, the trip from the bottom up is easier to reach, and less of a life change along the way.

I wouldnt read too much into any of this right now. Almost ALL of the worlds leading economies are in a huge state of flux right now so to do any kind of comparsion while things are still changing so much is an excercise of futility. Its like decribing the weather as a front passes through...too many dynamics in play right now. But hey, as a SNAPSHOT of the immediate, its interesting.

Carry on.

reply to post by anon72


Ridiculous!
The report was published under POTUS Obama but the causes were set before him and have now come to fruition in a measurable manner.

reply to post by beebs



that has nothign to do with the gold standard being to expensive to maintain, or the outflow of gold leading to us depleting our gold reserves, england had the gold standard orignially then it collapsed, then the US had it then it also collapsed, gold is an aweful and unliquid currency base. not enought for a huge 6 billion person economy. too expensive we cant aford a gold standard

reply to post by anon72



I'm a local living in my home country Singapore. Most competitive? The financial bank institutions here sworn to secrecy to protect identity of investors. Everything is suppressed here. The people, internet and media being strictly controlled.