U.S. second in competitiveness poll

The U.S. comes in second to Switzerland? Come on! Of course, we're lucky we finished this high as the Obama Administration works feverishly to install a socialist economy.

From CNSNews.com:

The United States has lost its place as the world's most competitive economy, mainly because of the financial crisis and accumulated fiscal deficits, according to a survey released Tuesday.

The U.S. is second ranked in a poll of over 13,000 business leaders conducted by the Geneva-based World Economic Forum, behind Switzerland. Singapore is third and Sweden comes fourth.

"Given that the financial crisis originated in large part in the United States, it is hardly surprising that there has been a weakening of the assessment of its financial market sophistication," the survey said. "The country's greatest weakness continues to be related to its macroeconomic stability."

Switzerland has overtaken the U.S. because its economic performance has been "relatively stable," the survey said. Swiss financial markets have "weakened somewhat," it said, citing difficulties for banks.

CNSNews.com - U.S. Comes in Second in Competitiveness Poll

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