U.S. losing competetive edge against Europe

"There's no question that current government policies for taxes, spending and regulation are causing the United States to lose competitiveness in the global race for capital, prosperity and growth.

Of course, China has been moving in the direction of free-market capitalism for years. To some extent, this shows the positive benefits of America's free-trade policies and its open-mindedness in helping nurture not only Chinese growth, but also middle-class prosperity worldwide.

But what's particularly galling about Obamanomics is that we may well be losing our competitive edge with Europe. While Europe is ever so slightly moving toward Ronald Reagan and Margaret Thatcher, the United States is shifting toward an overtaxed and overregulated model that smacks of Francois Mitterrand. That's something no one should want to tolerate."

http://www.realclearpolitics.com/articles/2009/07/11/the_road_to_economic_demoralization_--_washington_is_going_the_wrong_way_97403.html