America's become the couch potatoes of innovation, phoning it in since the days of the cold war according to Thomas Friedman and Michael Mandelbaum. Their new book, That Used to be Us: How America Fell Behind in the World It Invented and How We Can Come Back, argues this country is on a downward spiral because of four factors: globalization, the information technology revolution, mounting deficits and energy consumption. And if we continue down this track, we'll continue to see a lot more "Made in China" labels.
Friedman will swing by The Last Word tonight to discuss it and what politicians can do to shift course. Plus, we'll ask him about Obama's newly revealed jobs bill that was sent to Congress earlier today. Until then, here's a clip of him reading an excerpt of the book.