You gotta hand it to BushCo. Everything they could screw up, they did screw up. Behold the World Economic Forum's annual rankings:
The U.S. lost its position as the world's most competitive economy to Switzerland as budget and trade deficits prompted a slide to sixth in the World Economic Forum's annual rankings.
Switzerland jumped from fourth place last year and Finland, Sweden, Denmark and Singapore all overtook the U.S. with Japan, Germany, the Netherlands and the U.K. rounding out the top ten in the study of 125 nations by the Geneva-based forum.
We're number 6! We're number 6!
But it's even worse than that:
While the U.S. remained the best country to do business in, it ranked 69th for its economic environment with the government set to post a fifth consecutive annual budget deficit and after its current account deficit widened more than forecast last quarter to the second-largest on record.
Not only has BushCo given us record deficits and what looks to be a round of inflation, its pandering to the anti-science crowd is hurting us as well:
Switzerland, home to companies such as Nestle SA and Novartis AG, topped the table because of its reputation for innovation, research and development and its scientific infrastructure, the forum said, adding Scandinavian economies performed well for similar reasons.
Not to mention that innovation is hard to come by when teachers have to "teach to the tests" under No Child Left Behind (called by some wits "No Child's Behind Left).
And BushCo still has two years to go.
Yay us.
Comments