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America’s Economic Freedom Has Rapidly Declined Under Obama

Discussion in 'News & Current Events' started by Revmitchell, Feb 1, 2016.

  1. Revmitchell

    Revmitchell Well-Known Member
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    Millions of people around the world are emerging from poverty thanks to rising economic freedom. But by sharp contrast, America’s economic freedom has been on a declining path over the past decade.

    America’s declining score in the index is closely related to rapidly rising government spending, subsidies, and bailouts.

    According to the 2016 Index of Economic Freedom, an annual publication by The Heritage Foundation, America’s economic freedom has tumbled. With losses of economic freedom in eight of the past nine years, the U.S. has tied its worst score ever, wiping out a decade of progress.

    The Daily Signal is the multimedia news organization of The Heritage Foundation. We’ll respect your inbox and keep you informed.

    The U.S. has fallen from the 6th freest economy in the world, when President Barack Obama took office, to 11th place in 2016. America’s declining score in the index is closely related to rapidly rising government spending, subsidies, and bailouts.


    http://dailysignal.com/2016/01/31/americas-economic-freedom-has-rapidly-declined-under-obama/
     
  2. carpro

    carpro Well-Known Member
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    Nobody seems to be interested. Maybe it's because it was a given from day one. It was obvious from the beginning that Obama is an economic illiterate, believing deeply that government should control every aspect of the economy.
     
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