Political Quotes

“Mr. President, the World Economic Forum recently published its global competitiveness survey. It shows that the competitiveness of the United States has declined from first place in the world to fourth place since President Obama took office in January. What is the main reason for this decline? Too much debt and too much spending. There are other reasons, but that is the primary one they cited. I would suggest that the proposals to drive up the cost of energy by regulation and cap and tax--supposedly to create green jobs-- are another form of anticompetitiveness that hurts our productivity as a nation. A study of Spain, which has some of the most powerful alternative energy proposals and has taken some of the most dramatic action, has shown that even though there are green jobs created, the overall rise in the cost of energy in Spain has cost that nation more jobs than were created by the green activities. According to the Washington Post, a senior economist at the World Economic Forum said: It was government debt and the country's overall economic outlook that pushed the United States down. The article goes on to note: Government debt affects a country's competitiveness by limiting its ability to respond to crises or to make infrastructure and other investments that could boost future productivity. It may also lead to higher interest rates.…”