Thanks to Exploding Debt, America Fails to Encourage Confidence and Falls in Global Market Rankings
WASHINGTON --- Thanks to Ann Kirkpatrick's out-of-control spending addiction when in Washington, and namely her vote for a failed $833 billion stimulus package (Roll Call #70, 2/13/09), our dangerously high national debt is blocking American economic recovery. Not only have Americans struggled to find confidence in Ann Kirkpatrick and her party’s fiscally irresponsible policies, now that same lack of confidence pervades international markets, forcing America to fall as countries like China rise in global competitiveness rankings.
"Due to Ann Kirkpatrick's and her party’s spending habits, America’s economic growth is stagnant, causing our global competitiveness ranking to fall yet again as China’s continues to climb,” said NRCC Communications Director Paul Lindsay."American families and small business owners won’t allow Kirkpatrick to let America slip as a dominant global economy while countries like China continue to leave us in the dust.”
A recent survey says China is building momentum and emerging as a new force in international markets as America falls again for the fourth year in a row under Obama’s taxing, spending, and borrowing agenda:
"The United States' ability to compete on the global stage has fallen for the fourth year running as confidence in the country's politicians continues to decline, an annual survey from the World Economic Forum found Wednesday.”
"Elsewhere, the Forum found that leading emerging economies are displaying different performances. China, at 29th place, has risen in the rankings and leads the group, while Brazil has moved up to 48th.” (Pan Pylas,"Survey Finds US Competitive Ranking Down Again,” Associated Press, 9/5/2012)
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