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 (82 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 |
  2. Don

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

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

      Posted on A negatc3adv c3a9rzc3a9sek eluralkodtak rajatd, mert vc3a9ge a kapcsolatodnak c3a9s nem tudod, hogy mit tehetnc3a9l a helyrehozc3a1sa c3a9rdekc3a9ben?Elsc591 lc3a9pc3a9skc3a9nt legyc3a9l tisztc3a1ba az c3a9rzc3a9seiddel c3a9s tedd helyre a szc3adv-elme egyensc3balyc3a1t a pozitc3adv dolgok elc591nyben rc3a9szesc3adtc3a9sc3a9vel, mert c3adgy tudsz majd jelentc591s vc3a1ltozc3a1son c3a1tesni.Mi egy nagyon hatc3a1sos, tc3b6bb lc3a9pcsc591s megoldc3a1srendszert bocsc3a1itunk a rendelkezc3a9sedre, amelynek a lc3a9pc3a9seit ha tiszteletben betartod, akkor a sikerc3a9nek kulcsa a kezedben lesz.

      January 3, 2013 at 12:07 am |
  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 |
    • Cannabis Oil

      Wow, that sure is a really cool way of thinking about things. Do you study this subect everyday? Do you honestly believe your articles you post have really had any lasting effects on the field? I believe they probably could. When you put good people with a common interest in a room together, they are sure to talk about common interests. This website has interesting and great content. You appear to know a great deal about this subject.


      December 23, 2018 at 4:58 am |
  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 |
  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 |
  6. Donna Swanson

    I turned off the recent episode of Fareed Zakaria, where he said no economists stood with the policies of Bernie Sanders. This is untrue. This was an obvious attempt to influence voters. The broadcast was based on lies and half truths. I was not amused. The folks running the media and in government offices need to pay much more heed to the will of the people, and need to stop telling us what to think. We already know what we think. U are not listening.

    February 23, 2016 at 12:45 pm |
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