America’s Economic Freedom Has Rapidly Declined Under Obama

[Jackson]

America’s Economic Freedom Has Rapidly Declined Under Obama

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 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.

America’s Economic Freedom Has Rapidly Declined Under Obama

 

[ogibillm]

gee, the heritage foundation doesn't like the president's handling of the economy. how surprising.

maybe they'd like more deregulation and another recession like 2008 to make them feel truly free

 

[Dot Com]

gee, the heritage foundation doesn't like the president's handling of the economy. how surprising.

maybe they'd like more deregulation and another recession like 2008 to make them feel truly free

I know right?

PoliticalChic was using the same source lol. Must be up on Drudge.

 

[LoneLaugher]

Name a nation which wouldn't trade economies with the US.

Foolish nutbags think they can win by highlighting things they see as negative. It's a losing strategy.

 

[ABikerSailor]

A right wing opinion site uses data from the Heritage Foundation (a right wing think tank) to say that Obama is bad.

Color me surprised.

 

[theDoctorisIn]

The "Economic Freedom Index" is a meaningless concoction of buzzwords created by a libertarian/rightwing think tank.

It means nothing at all.

 

[Skylar]

America’s Economic Freedom Has Rapidly Declined Under Obama

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 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.

America’s Economic Freedom Has Rapidly Declined Under Obama

So says the Heritage Foundation. Citing a study from the Heritage Foundation.

 

[Skylar]

The "Economic Freedom Index" is a meaningless concoction of buzzwords created by a libertarian/rightwing think tank.

It means nothing at all.

With the guy who wrote the article...working for the exact same think tank.

Anthony B. Kim researches international economic issues at The Heritage Foundation, with a strong focus on economic freedom.

Anthony B. Kim, Author at The Daily Signal

With the Daily Signal being a publication of the Heritage Foundation:

The Daily Signal is the multimedia news organization of The Heritage Foundation covering policy and political news, conservative commentary and analysis.

dailysignal.com

So a Heritage Foundation website hosting a Heritage Foundation Article written by a Heritage Foundation employee citing a Heritage Foundation study that, unsurprisingly, says exactly what the Heritage Foundation does.

Did I miss anything?

 

[Toro]

Hooray! We're #11!

That's like #1, but with another 1!

We've fallen from 6th to 11th under Obama.

America’s Economic Freedom Has Rapidly Declined Under Obama

Not surprising.

What may be surprising is that we haven't fallen more.

 

[LoneLaugher]

Hmmmmm. Is that so?

 

[ABikerSailor]

Interesting.................a right wing site (the link), that uses a study done by a right wing think tank (Heritage Foundation), to promote the right wing talking points.

Color me surprised.

BTW, there is already another thread on this using the same link.

It's a bullshit thread as well.

 

[Toro]

Hmmmmm. Is that so?

No.

We probably are lower.

 

[Andylusion]

gee, the heritage foundation doesn't like the president's handling of the economy. how surprising.

maybe they'd like more deregulation and another recession like 2008 to make them feel truly free

Regulations is what caused the recession. The fact you don't know that, is why you hate informed people at the Heritage Foundation.

 

[ogibillm]

gee, the heritage foundation doesn't like the president's handling of the economy. how surprising.

maybe they'd like more deregulation and another recession like 2008 to make them feel truly free

Regulations is what caused the recession. The fact you don't know that, is why you hate informed people at the Heritage Foundation.

wow you've just swallowed all of that right up

 

[JimBowie1958]

Name a nation which wouldn't trade economies with the US.

Germany.

 

[Andylusion]

Name a nation which wouldn't trade economies with the US.

Germany.

Lower corporate tax Germany? Nearly zero Tariffs on imports Germany? More immigration Germany? Most Capitalist health care system in Europe Germany? That Germany? The Germany that until 2015 didn't even have a minimum wage? That's the Germany that has the economy better than the US?

Yeah.... that one.

Let's be like Germany.

 

[Andylusion]

gee, the heritage foundation doesn't like the president's handling of the economy. how surprising.

maybe they'd like more deregulation and another recession like 2008 to make them feel truly free

Regulations is what caused the recession. The fact you don't know that, is why you hate informed people at the Heritage Foundation.

wow you've just swallowed all of that right up

Yeah, I tend to swallow the facts. Since the fact is, regulations is what caused the sub-prime crash, then that is what a swallow. Better to swallow the truth, than left-wing lies.

 

[ogibillm]

gee, the heritage foundation doesn't like the president's handling of the economy. how surprising.

maybe they'd like more deregulation and another recession like 2008 to make them feel truly free

Regulations is what caused the recession. The fact you don't know that, is why you hate informed people at the Heritage Foundation.

wow you've just swallowed all of that right up

Yeah, I tend to swallow the facts. Since the fact is, regulations is what caused the sub-prime crash, then that is what a swallow. Better to swallow the truth, than left-wing lies.

regulations had banks bundling mortgages and overrating them?

how did regulations do that?

how did regulation cause rampant speculation, home equity lines of credit, and adjustable rate mortgages?

 

[dblack]

I don't think it's been particularly accelerated by Obama - but economic freedom has been on the skids for a while now.

 

[Andylusion]

gee, the heritage foundation doesn't like the president's handling of the economy. how surprising.

maybe they'd like more deregulation and another recession like 2008 to make them feel truly free

Regulations is what caused the recession. The fact you don't know that, is why you hate informed people at the Heritage Foundation.

wow you've just swallowed all of that right up

Yeah, I tend to swallow the facts. Since the fact is, regulations is what caused the sub-prime crash, then that is what a swallow. Better to swallow the truth, than left-wing lies.

regulations had banks bundling mortgages and overrating them?

how did regulations do that?

First, who created bundling? Most people don't even know this. Mortgage Backed Securities.... were created by government.

Second, who sued banks to make sub-prime loans? Government did. I can show you video right now on youtube, of Andrew Cuomo in the 90s, promoting the fact they forced banks to make sub-prime loans, and even admitted they expected a higher default rate.

Third, who promoted sub-prime loans by giving them a guarantee? Freddie Mac did.... Government. I can show you the announcement of the program to do it.

And lastly, what was the very first AAA rated sub-prime loan? Freddie Mac. Before Freddie Mac guaranteed sub-prime loans, you can not find a single example of a sub-prime loan being given a AAA rating. Not once.

Everything that happened, was entirely due to government regulations and policies designed to increase home ownership.