That’s the word from Dr. John Rutledge, one of the nation’s most accomplished economists who has advised several presidents (including the current administration). He’s been spending a lot of time in China recently and has first hand knowledge of how America is doing compared to the rest of the world. His recent blog post is here. Here’s an excerpt:
After huffing and puffing for more than 2 years, Congress failed to pass the telecom reform legislation that we need to support the massive sustained investments in the new, high-speed communication networks that we need to compete with China, India, and other countries who are getting it right.
We’re blowing it on technology