Falling for Fourth Year, U.S. Slips to World's Seventh Most Competitive

Another dubious Obama milestone.

Just 60 days before the U.S. presidential election, a report released on Wednesday shows the U.S. once again has slipped among its peers on the list of the world’s most competitive nations.

The U.S. has fallen for the fourth straight year, by two spots, to the seventh most competitive country, according to The Global Competitiveness Report 2012-2013 by the World Economic Forum.

It is now led by Switzerland, Singapore, Finland, Sweden, the Netherlands and Germany.

“In addition to the burgeoning macroeconomic vulnerabilities, some aspects of the country’s institutional environment continue to raise concern among business leaders, particularly the low public trust in politicians and a perceived lack of government efficiency,” the World Economic Forum said in the report.

BTW we were first in 2008.