Skip to comments.America's 'Free' Falling Economy
Posted on 02/01/2010 6:33:06 PM PST by raptor22
Competitiveness: The latest index of economic freedom shows America falling fast, being ranked for the first time as "mostly free." We've fallen behind Canada, and it's look out below.
Our accelerating descent into a command-and-control economy with government pulling the strings is taking its toll.
The Heritage Foundation's 2010 index of leading economic indicators shows that the land of the free is only mostly free, falling to eighth in the world from sixth last year, now sandwiched between Canada and Denmark.
That Canada, long considered a bastion of socialized medicine, is ranked as economically freer may surprise some. But our neighbor to the north has at least been trying to develop its domestic energy reserves, from hydroelectric to natural gas to oil extracted from its tar sands. Energy is the lifeblood of a free economy.
We have shackled our domestic energy producers with environmental regulations, leaving vast pools of energy lying offshore and in the ground. We regulate what you can build, where you can build it, even how. Endangered critters rank above equally endangered entrepreneurs. Climate change is more important than the business climate.
(Excerpt) Read more at investors.com ...
if it is this serious,
you’d think someone would do something
to stop it.
All levels of our government are engaged in rampant and escalating treason against the founding principals of the nation.
I’ll second that. And if we as a country punished those who committed treason we wouldn’t have so many of them.
Obama has accomplished what he was hired to do and that is to bankrupt US, there is now way out now. We are past the tipping point now.
“It is terrible to contemplate how few politicians are hanged.”
Reports of the death of the US economy are greatly exaggerated. They always are.
Don't get me wrong, policy is poor on the fiscal side and in proposed taxes, spending we don't need etc. Monetary policy has been entirely sound and correct, however, and the adjustments of American business to the recession were thorough, efficient, swift, downright merciless. And entirely effective.
In the long run, betting against the US economy, like betting against the US military, is for losers.
GK Chesterton, btw.
Obama promised wealth redistribution. Even boasted the largest in the history of America! Thus it is he is wiping out all capital and equities by crashing the economy. That is why he wants the “civilian” police force. Once you bankrupt the nation, it is maleable.
You would think that people want employment. That the nation would wake up to this crashing and pull the nose up!!!
But no, Obama is taking it into the next realm. The after America Era or the post American era. MArxism can not save nor solve dirt!
The word "un-American" comes to mind.
Fortunately, the sales numbers seem to indicate that the American people “get it” on that. Ford is doing pretty well. The General? Not so much.
That is totally unsustainable.
As the borrowed money dries up things will return to their downward trend until Obamacare and his endless spending and new taxes finally die. If those things do not die, things are going to be meager for years to come.
No way out if you expect to actually pay it all back and maintain the current standard of living.
Someday we’ll be at a point where the US economy will no longer be able to support the US military and all will come to an end.
We arent’ there. But every day we get a little closer.
It really isn’t a “free fall” when someone is intentionally and continuously pushing it down the next flight of stairs.
That is part of the plan
You’re right! It’s a slinky!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.