The U.S., which held top spot last year, fell behind Switzerland, Finland, Sweden and Denmark, and Singapore. The top four counties all ran budget surpluses and have low levels of debt - something the US has not been able to achieve with the Bush tax cuts, his foreign adventures, and exploding deficits.
The report says, "The U.S. economy suffers from striking weaknesses. There is significant risk to both the country's overall competitiveness and, given the relative size of the U.S., the future of the global economy."
Tax cuts? Foreign adventures? Deficit spending?? Why these are the very policies that caused Paul Hue to vote for and provide continued support for the criminally and economically incompetent Bush administration!!How could it be that business leaders around the world agree with little old leftist Nadir, who runs a small corporation, but obviously doesn't know economics from an E minor 7th chord, and disagree with right-wing intellectual giant, Paul Hue whose decision to paint his living room pink is seen by many to be the metrosexual investment move of the century??
How could it be that all the economic indicators support Nadir's view and not Paul Hue's?
Surely Adam Smith is turning in his grave, Hell hath frozen over and prized Berkshire sows are piloting F-16s over Iraq this very moment!!