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The United States fell to 5th place in a survey on global economic competiveness released this morning by the World Economic Forum. The Associated Press reports the survey results, coupled with sustained 9% unemployment, is “the latest bad news for the Obama Administration.”

Survey Comes As Polls Show A Clear Majority Of Americans Disapprove Of The President’s Handing Of Economy. “The results of a survey of 142 nations comes a day before Obama is preparing to tackle jobs issues in a speech to the U.S. Congress, and just as U.S. polls show a clear majority of those surveyed say they disapprove of the way Obama is handling the economy.”(John Heilprin, “Survey: US Falls To 5th In Global Competitiveness,” The Associated Press, 9/7/11)