Today's report of the world's most competetive economies has the United States continuing to slide in the global standing. In 2008, when Barack Obama was elected President, we were number 1. Last year, we were fourth. Today, we rank fifth of 142 countries included in the 2011-2012 report. According to the World Economic Forum's Global Competitiveness Report, Switzerland is number 1, followed by Singapore.They list Sweden as number 3. Factors that are considered include: health and education, institutions, infrastructure, macroeconomic environment, goods and labor market efficiency, market size, business sophistication, technological readiness and innovation. Today in America, we have 9.1 unemployment with no net jobs added in the month of August.
The top problematic factor for the Unites States is our tax rates, according to the report. Other factors include: "inefficient government bureaucracy", access to financing, tax regulations, inflation, and a "poor work ethic in National labor force."
The competetive economies list also includes #4: Finland
5 United States
10 United Kingdom
17 Saudia Arabia
How much more "hope and change" can we take?