Sunday, November 6, 2011

Mexico on Top | Prestowitz

Mexico on Top | Prestowitz

"Here are some interesting numbers. Mexico's economy is presently growing at 3.2 percent annually or more than twice the 1.3 percent of the U.S. economy. In the past four years, Mexico has increased spending on new infrastructure from 3.3 to about 4.5 percent of GDP. In contrast, U.S. infrastructure spending has been falling as a percent of GDP since 1960 and is now at 2 percent of GDP according to the American Society of Civil Engineers which gives the United States a D on its recent Infrastructure Report Card.
Would you rather talk jobs? Okay, Mexico's current unemployment rate is 5.26 percent versus America's 9.1 percent official rate and closer to 16 percent comprehensive rate (including those too discouraged to look for work, those working part time who would like to work full time, etc.)."

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