America drops to No. 7 in competitiveness. http://danieljmitchell.wordpress.co...-to-7th-in-wefs-global-competitiveness-index/ quote: The U.S. then fell to 5th place last year, in part because of horrible scores for Wastefulness of Government Spending (68th place) and Burden of Government Regulation (49th place). the just-released 2012 Report The United States has now dropped to 7th place. trust in politicians is not strong (54th) the government spends its resources relatively wastefully (76th) A lack of macroeconomic stability continues to be the countrys greatest area of weakness (111th, down from 90th last year). The U.S. scores 42nd in property rights, behind Namibia and Uruguay. The U.S. ranks 59th in government favoritism, behind Guinea and Bolivia. The U.S. scores 76th in wastefulness in government spending, behind Mali and Nicaragua. The U.S. also is 76th in the burden of government regulation, behind Kenya and Thailand. The U.S. scores 69th in extent of taxation, behind Gambia and Ethiopia. The U.S. ranks 103rd for total tax rate, behind Greece (!) and Philippines. Taxcutter says: Wow! Look at the company we keep: Namibia, Uruguay, Guinea, Bolivia, Mali, Nicaragua,Kenya, Thailand, Gambia, Ethiopia, Greece, and the PI. Third World economics under Obama. No wonder the US is not competitive. The government is in the way big time.
January 2009 Job loss: Worst in 34 years Employers slashed 598,000 more jobs in January [2009] as unemployment rate climbed to 7.6%. NEW YORK (CNNMoney.com) -- Employers slashed another 598,000 jobs off of U.S. payrolls in January, taking the unemployment rate up to 7.6%, according to the latest government reading on the nation's battered labor market. The latest job loss is the worst since December 1974, and brings job losses to 1.8 million in just the last three months, or half of the 3.6 million jobs that have been lost since the beginning of 2008. http://money.cnn.com/2009/02/06/news/economy/jobs_january/index.htm Market players were also disappointed by reports that U.S. home prices fell 8.7% year-over-year in November, U.S. housing starts fell 15.5% in December, and weekly initial jobless claims rose 62,000 to 589,000. http://www.businessweek.com/investor/content/jan2009/pi20090122_192905.htm On Wednesday, the 30-stock Dow Jones industrial average finished with a loss of 248.42 points, or 2.94%, to 8,200[/B]. http://www.businessweek.com/investor/content/jan2009/pi20090114_103250.htm 598,000 Jobs Shed In Brutal January Unemployment Hits 7.6% as Downturn Picks Up Steam The need for progress on those fronts seemed more important than ever yesterday, as the Labor Department announced that conditions worsened more than expected last month. The nation's employers shed 598,000 jobs, the most since 1974, driving the unemployment rate to 7.6 percent from 7.2 percent. If the jobless rate keeps rising at the pace it has for the past two months, it will hit double digits in summer and reach its highest rate since the Great Depression by the fall. http://www.washingtonpost.com/wp-dyn/content/article/2009/02/06/AR2009020601156.html GROSS DOMESTIC PRODUCT: FOURTH QUARTER 2008 (PRELIMINARY) Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 6.2 [later revised to 9.2] percent in the fourth quarter of 2008[/B], (that is, from the third quarter to the fourth quarter), according to preliminary estimates released by the Bureau of Economic Analysis. http://www.bea.gov/newsreleases/national/gdp/2009/pdf/gdp408p.pdf Continued Unemployment Claims at Record High In the week ending Jan. 24, the advance figure for seasonally adjusted initial claims was 588,000, an increase of 3,000 from the previous week's revised figure of 585,000. http://www.calculatedriskblog.com/2009/01/continued-unemployment-claims-at-record.html[/QUOTE] Today, the economy has been growing steadily for three years, the private sector has added jobs every month for 29 months in a row, stock markets are up almost 100% from their recession lows, the unemployment rate has fallen from above 10% to 8.3%, and over 4.5 million private sector jobs have been added since Jan 2010. And Osama Bin Laden is dead instead of plotting how to kill more Americans. Only those invested in failure for political purposes could claim America was better off in January 2009.
Who cares or remembers a 7th place "team"...no one. We need to be number one and Romney is the start to rebuilding our nation. Obama is dismantling it brick by brick.