September 25, 2012

U.S. continues to lose economic freedom

By Rob Janicki
As government in the United States becomes more pervasive and invasive in regulating and managing more and more of  the private sector economy, the economy becomes more sluggish in its growth and response to continually growing government intervention.

From the  Free Beacon
[...] The United States ranked 18th in a recent study on worldwide economic freedom, falling behind countries such as Finland, Chile, Mauritius, and Qatar.“The United States, long considered the standard bearer for economic freedom among large industrial nations, has experienced a remarkable plunge in economic freedom during the past decade,” the report said. [...]

The report goes on...
[...] The country’s declining rank should come as no surprise given President Barack Obama’s policies over the past several years, experts said.“There is a clear, direct line between Obama’s policies and the decline in ranking,” said Douglas Holtz-Eakin, a former White House budget director and president of the American Action Forum. “High debt and deficits, the regulatory burden. This administration is not committed to economic freedoms, and it’s troubling that we’ve declined because we’re losing our competitive edge.” [...]

it's becoming quite clear to non partisan economic observers that the United States economy under President Obama is on a downward trajectory.  It should be remembered that Obama told the world that the United State was not some exceptional nation in the world, but rather just another nation among nations.  He's proving that with each passing day.

[...] The decline of economic freedom in America is reflective of the Obama administration’s “general attitude toward the economy, a crony capitalism that prefers big players over small players and stifles competition,” Levin said.Other countries experiencing a marked decline in economic freedom include Venezuela and Zimbabwe, which are currently ruled by authoritarian regimes. [...]

Please note that last comparison to Venezuela and Zimbabwe.  If that isn't a call to change presidents on November 6, I don't know what more can be said.

Read the entire article for the details of America's slide into economic disaster with the continuing loss of freedom in our once free markets, now subject to ever increasing government command and control.

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