You won’t believe these numbers on America’s ranking in terms of start-up businesses.

New research by the polling firm Gallup is sending shockwaves through the U.S., revealing the devastating extent to which regulations, high taxes and the Obama agenda have gutted American employers.

The newly released numbers show not only are more businesses dying each year than starting up, the United States no longer has the world’s most entrepreneurial economy.

“The U.S. Census Bureau reports that the total number of new business startups and business closures per year — the birth and death rates of American companies — have crossed for the first time since the measurement began,” writes Gallup Chairman and CEO, Jim Clifton.

Yes, for the first time in recorded history, more businesses are shutting down in the United States than are starting up.

“I am referring to employer businesses, those with one or more employees, the real engines of economic growth. Four hundred thousand new businesses are being born annually nationwide, while 470,000 per year are dying,” writes Clifton.

The trend has been underwater every year during the Obama presidency.

“Until 2008, startups outpaced business failures by about 100,000 per year. But in the past six years, that number suddenly turned upside-down. There has been an underground earthquake. As you read this, we are at minus 70,000 in terms of business survival,” writes Clifton.

How bad is it?

“The U.S. now ranks not first, not second, not third, but 12th among developed nations in terms of business startup activity,” writes Clifton.

Twelfth in the world in business startups.

Denmark and Finland are performing better than the United States under President Obama.

So is the small, landlocked European nation of Hungary.

Even the notoriously bureaucratic Italy is starting up more businesses than the United States.

Clifton is stunningly frank.  Until this trend is turned back around, there will be no such thing as economic recovery.

“Let’s get one thing clear: This economy is never truly coming back unless we reverse the birth and death trends of American businesses,” he warns. “It is catastrophic to be dead wrong on the biggest issue of the last 50 years — the issue of where jobs come from.”

“…when small and medium-sized businesses are dying faster than they’re being born, so is free enterprise. And when free enterprise dies, America dies with it,” he concludes.

The American economy is dead.  Rigor mortis is setting in and decomposition will soon begin.

Will voters resurrect our country in November?