So what should America be thankful for? America should be thankful for its continued resilience and vitality in the face and constant external threats. We at the Phalanx have been saying this for some time, now there is further proof that the American economy, already the world’s largest, is also the world’s most competitive. The consulting firm Deloitte ranked the United States number one because its high degree of economic stability and favorable environment for business. The nations of Scandinavia and Germany rounded out the top five. The remaining members of the top ten included: Japan, Australia, the UK, Canada and Switzerland. The results of this survey should come as no surprise, The US was ranked most competitive last year and in 2003 as well.
Even with constant agitation from the American left, the US economy continues to serve as a model for the rest of the world. Unlike our rivals in the west, the US has fomented a business climate, which allows industries to grow and prosper. This growth has enabled the US to quickly emerge from recession while cementing solid job growth. Our economic growth model exceed all rivals in the developed world and further demonstrates the fallacy of leftist ideals as exemplified in nations like France where job growth is non-existent. France is a model leftists in this country yearn to emulate, regardless of its obvious failure.
All is not rosy for the US, however. Growing deficits will place significant strain on the US economy. Rising costs from oil and our foreign oil dependence also will weigh heavily in the coming years. It is absolutely essential that the President and Congress take steps to reduce the massive federal deficit, before it becomes unmanageable. We must also take steps to significantly reduce our dependence on foreign oil. Practically every foreign oil producer in the world is either hostile toward the United States or is volatile politically and socially. Thus these sources can’t be regarded as stable energy resources, but unreliable ones. The US must vigorously pursue a multi-pronged energy policy, which includes increased domestic oil production, greater energy efficiency and the development of oil alternatives. This needn’t be done in a heavy-handed European manner, but should be pursued following the competitive example exemplified by US business policy. Industry should be encouraged through economic incentive to pursue these outcomes.
http://news.bbc.co.uk/2/hi/business/4477802.stm
