October 21st, 2012
09:43 PM ET

Who 'gets' the economy?

By Fareed Zakaria

As I’ve often pointed out, America IS worse off than it was 30 years ago in infrastructure, education and research. The country spends much less than it did on infrastructure. By 2009, federal funding for research and development was half the share of GDP that it was in 1960.

The result is we're falling behind and fast. A decade ago, the World Economic Forum ranked U.S. infrastructure fifth in the world. In its latest report we were 25th. The United States spends only 2.4 percent of GDP on infrastructure, the Congressional Budget Office noted in 2010. Whereas Europe spends 5 percent; China, 9 percent. In the 1970s, America led the world in the number of college graduates; as of 2009, we were 14th among the countries tracked by the OECD. Reversing that decline will cost money.

Watch the video for the full take.

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Topics: GPS Show

soundoff (80 Responses)
  1. Shery Cooper

    Before George Bush was elected the first time, I knew without a doubt it would not bode well for our economy and cautioned all. Mitt Romney has told everyone about himself. Profits for himself at the expense of other people' jobs....then invest profits made outside of the US. There was a time when no voter would have considered a man like this a viable candidate. Obama could not get everything done that needed to be done in his four years...it took 8 Bush years to destroy what had been built by Clinton...however it is crystal clear who the better contender for President is if you just look at each candidates history. Nothing is ever perfect and you can only make a choice based on what the past history shows.

    October 23, 2012 at 1:32 am | Reply
  2. Don

    Fareed is a PLAGIARIST! CNN.... are you listening? Let him go!

    October 23, 2012 at 11:02 am | Reply
    • Veselina

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      January 3, 2013 at 12:07 am | Reply
  3. Deborah

    Fareed Zakaria is a cheater, a plagiarizer, he got caught and suspended by CNN, and then he tries to lecture us on what is true? PLEASE Fareed, don't embarrass yourself. You and most everyone else at CNN support Obama and is so obvious that you'd do and say, and make up anything to save your guy from losing his job. What the hell happened to America? Why have we settle for morons like this guy? Sorry, Fareed, you do not deserve having the opportunity to voice "your" opinion when you plagiarize other people's work.

    October 23, 2012 at 2:48 pm | Reply
  4. Rick McDaniel

    We all GET the economy..........EXCEPT the Democrats. They are only interested in STAYING IN POWER. They will BUY votes, to that end, in every way they can.......from pizza and T shirts for college kids, to paying people to create a phoney "occupy" movement, to hand outs for the poor.

    The Democratic Party has become entirely subversive........they only seek POWER, and they are using every method of controlling people possible, including heavy brain washing techniques. They are a THREAT to the security of the U.S., and to the freedom of this country.

    Worse, CNN has fallen under their CONTROL, as have other Democratic Party owner controlled, media..........and the people can no longer believe, anything they see or hear, in the media. This country is absolutely under attack......from within!

    October 24, 2012 at 1:32 pm | Reply
  5. econandotherstuff

    Im pretty sure Zakaria is wrong with the numbers here. 14th? really? Would really like to look at the report for that. Remember, he is talking about numbers here, not percentages.

    October 24, 2012 at 10:20 pm | Reply
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