The Hill News

When President Obama meets with business leaders at the White House today, one thing will be clear: The United States is now an economic superpower on the verge of decline. This is not an observation based on casual public perceptions such as the current unemployment rate or tax debates in Washington, but an analytical one stemming from real socioeconomic trends, key performance indicators and the fact that policymakers are increasingly looking the other way. In short, we’re losing ground and we’re letting it happen.

Consider the following: The United States remains the world's largest economy by multiples over even fast growing China. We are home to the world's best universities and the most entrepreneurial, diverse and skilled population to be found anywhere. Yet, governments across the globe have and continue to spend billions of dollars trying to replicate global innovation centers like those in Silicon Valley, manufacturing hubs like those in the Midwest and worldwide financial markets similar to ones housed out of New York. And they are succeeding.

Read more...