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Worldwide Economic Freedom Index Shows US Slipping
USBC News ^ | 2012-03-02 | USBC Wire

Posted on 03/02/2012 10:48:18 AM PST by next media

Contributing the overall decline in worldwide economic freedom was the drop of the massive economy of the United States from 6th worldwide to 10th., in part due to the Obama administration creating the most rapid increase in debt in US history. This, combined with a lessening of property rights, such as the failure of the Democratic-led auto bailout restructuring team to honor the debt obligations of General Motors to its shareholders to push the US down in the index.

(Excerpt) Read more at usbcnews.com ...


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; News/Current Events
KEYWORDS: bailout; economicfreedom; frasier; propertyrights
Obama got the story about the SUV right. Well, almost. Except he was pushing it in, spinning the wheels in the mud - doing everything he could to keep it from getting out...
1 posted on 03/02/2012 10:48:25 AM PST by next media
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To: next media

“So that the record of history is absolutely crystal clear. That there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.” - Milton Friedman

Economic freedom being elemental to a free enterprise system, this is bad news for everyone.


2 posted on 03/02/2012 10:59:57 AM PST by villagerjoel ("The more I learn about islam, the more I want to eat pork." - rock_lobsta)
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