Well, this will come as no surprise - U.S. economic freedom is slipping under the Obama administration. This is coming from Cato Institute and their annual study of international economic freedom (Cool interactive map available by clicking here!) Here's the current standing:
1. Hong Kong (8.97/10)
2. Singapore (8.66/10)
3. New Zealand (8.3/10)
4. Switzerland (8.19/10)
5. Chile (8.14/10)
6. United States (8.06/10)
7. Ireland (7.98/10)
8. Canada (7.91/10)
9. Australia (7.89/10)
9. United Kingdom (7.89/10)
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19. United Arab Emirates (7.58/10)
27. Germany (7.5/10)
28. Japan (7.46/10)
33. France (7.43/10)
86. India (6.45/10)
111. Brazil (6.00/10)
112. Iran (5.99/10)
And last place
141. Zimbabwe (2.89/10)
Here are the categories that are used to arrive at these numbers:
1 Size of Government: Expenditures, Taxes, and Enterprises;
2 Legal Structure and Security of Property Rights;
3 Access to Sound Money;
4 Freedom to Trade Internationally;
5 Regulation of Credit, Labor, and Business.
Hmm, last year we were second...now we are sixth..."size of government?" Oh yeah we are growing that beast at a heretofore unseen rate. "Security of property rights?" Kind of hard to maintain those when the needs of the O supersede - how do you say "GM Bondholder?" "Access to sound money?" Well, the dollar is in free fall and the U.N. and the Chinese keep yammering about a new world currency. "Freedom to trade internationally?" Well, slapping tariffs on Chinese tires and continuing to exclude Columbia from the benefits of a trade deal has got that covered. "Regulation of credit, labor and business?" Ha, ha, ha, ha, hoo, hoo, hee, hee - dear Lord, this man is less than a year into his presidency and we are headed for the United Socialist States of America! Check on all five. Amazing. Incompetent.
2 comments:
It still amazes me that people like you are real..
Seriously? "GM bondholders" are what you come up with? No Obama intervention, NO MORE GM. PERIOD. Kinda makes you seem... stupid.
And you are actually using the autocratic Chinese government to further your argument? Aren't you supposed to be all up-in-arms about how the Chinese are evil and any tiny move towards any sort of socialism is also evil... but now you want to remove any trade barriers and further enrich those reds across the sea?
The incinsistent, contrarian nature of the anti-everything flat-earth society is really becoming tiresome... it is one thing to hear that Glenn Beck and his degree from the University of I Don't Remeber are making up nonsense... but the fact tat people actually take that sort of addled garbage as data is frightening.
Way to represent the shallow end of the gene pool there, guy.
Sellersburg, you really amaze me. Where did you get your degree, ACORN U? They obviously don't teach spelling there. Your ignorance of economics is only surpassed by your sophomoric ad hominem attacks.
GM would have gone through bankruptcy and the bondholders would have been the preferred recipients of liquidated assets if it ever even got to that. Instead, the company was seized and Obama's people broke 300 years of commercial case law to hand a controlling interest in the company to the union thugs at the expense of the bondholders.
The Chinese are an autocratic government, but they at least understand how capitalism and free trade works. We are enriching them because we keep doing such fun things as raising the minimum wage and driving jobs overseas.
The rest or your pap is just your usual rash of insults - funny how Glenn Beck is actually turning up to be right about the ACORN bunch huh?
As for your concern for my genetics, I would spend more time on some basic spelling primers before I cast out silly assertions if I were you.
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