To Restore Prosperity, We Must Increase Economic Freedom

[expat_panama]

...Total government spending now exceeds 40% of GDP. Federal regulations now cost the private sector an astounding $1.7 trillion per year, or 12% of total output. That means that the governing elite now control more than 50% of the income produced by the American people to spend and distribute as they and lobbyists for powerful political and economic interests see fit.

As a result the U.S. has fallen to 10th place, its lowest rank on the Index of Economic Freedom, since the inception of the Index in 1995, down from fifth place in 2007. Moreover, the scheduled 2013 increase in tax rates and regulatory burdens means the U.S. is on course to drop to new lows in the years ahead.

In general, countries with declines in economic freedom experience slower economic growth while those with increases in economic freedom experience faster growth. Since 2007, the U.S. decline is associated with a significant expansion of government spending as a share of GDP, increased control of financial institutions, a loss of freedom among individuals and businesses to invest without government interference, an erosion of property rights, and an increase in corruption.

The increase in the scope and power of the government over the economy has suppressed private sector economic activity.

Excerpt. Read more at To Restore Prosperity, We Must Increase Economic Freedom - Forbes.

 

[Truthmatters]

The Gold Standard Now Charles Kadlec


The author of your little article is a right wing hack

 

[CrusaderFrank]

Thread of the Century!

Democrats are economically to the Left of Communists and are an Epic Fail

 

[Truthmatters]

Of course you like it its writen by a right wing partisan hack

 

[expat_panama]

The Gold Standard Now Charles Kadlec The author of your little article is a right wing hack

Agreed.

Virtually all publications sometimes print stupid stuff (Forbes is no exception) and virtually all pundits sometimes say stupid things. You and I sometimes say stupid things. Most of the time you and I think well, so with this topic would you say America would be better off with more freedom or with less freedom?

 

[Truthmatters]

I say this country would be better off without partisan hacks who cling to failed ideas instead of facing real facts.

 

[Truthmatters]

This whole mess was caused by lack of regulations on the lenders and this asshole wants the lenders deregulated.

He is interested in the freedom of the corprations and NOT your or my freedoms

 

[rdean]

New Republican Slogan:

PROSPERITY THROUGH LOWER WAGES!​

 

[Full-Auto]

i say this country would be better off without partisan hacks who cling to failed ideas instead of facing real facts.

then it is crystal clear we can do without you.



Tebow can we get an amen..............

 

[California Girl]

While we're at it, it would be good if we grasped the concept (and it really is quite a simple one) that public sector jobs do not save the economy. They just don't. It is basic logic - albeit involving math.

 

[Sallow]

This is laughable.

Corporations are making record profits..but somehow regulations incur costs.

How much MORE money do they need to make? And what VALUE will all that moula have to the American Economy?

They are swimming in TRILLIONS. And that's extracted wealth that's not doing anything.

 

[editec]

What percentage of costs does the average corporation use for management?

No doubt that depends on what that corporation does, but it might behoove us to look at that number to determine if it isn't ALSO roughly 12% or greater of the overall cost of doing business.

 

[Sallow]

While we're at it, it would be good if we grasped the concept (and it really is quite a simple one) that public sector jobs do not save the economy. They just don't. It is basic logic - albeit involving math.

And of course that's bullshit. From the New Deal, to the Reagan Bailouts, to the George HW Bush bailouts, to the George W Bush TARP, to the Obama stimulus and rescue of the auto industry..the public sector has been rescuing private sector idiocy for generations.

 

[CrusaderFrank]

New Democrat Slogan:

WE WON'T STOP REDISTRIBUTING WEALTH UNTIL ITS ALL GONE!​

 

[CrusaderFrank]

While we're at it, it would be good if we grasped the concept (and it really is quite a simple one) that public sector jobs do not save the economy. They just don't. It is basic logic - albeit involving math.

And of course that's bullshit. From the New Deal, to the Reagan Bailouts, to the George HW Bush bailouts, to the George W Bush TARP, to the Obama stimulus and rescue of the auto industry..the public sector has been rescuing private sector idiocy for generations.

What year exactly did the New Deal begin to lower unemployment, because it averaged just a tick under 20% from FDR inauguration until Hitler conquered France?

 

[CrusaderFrank]

This is laughable.

Corporations are making record profits..but somehow regulations incur costs.

How much MORE money do they need to make? And what VALUE will all that moula have to the American Economy?

They are swimming in TRILLIONS. And that's extracted wealth that's not doing anything.

[ame=http://www.youtube.com/watch?v=iu-P_lK-NeU]Steve Wynn - "Obama greatest wet-blanket on jobs and business in my lifetime" - YouTube[/ame]

Here's why the private sector is sitting on he sideline: Obama, ObamaCare and his Socialist policies

 

[Sallow]

While we're at it, it would be good if we grasped the concept (and it really is quite a simple one) that public sector jobs do not save the economy. They just don't. It is basic logic - albeit involving math.

And of course that's bullshit. From the New Deal, to the Reagan Bailouts, to the George HW Bush bailouts, to the George W Bush TARP, to the Obama stimulus and rescue of the auto industry..the public sector has been rescuing private sector idiocy for generations.

What year exactly did the New Deal begin to lower unemployment, because it averaged just a tick under 20% from FDR inauguration until Hitler conquered France?

The New Deal created an actual middle class in this country where there was none. It also was responsible for a crap load of infrastructure that led to an economic boom. And, for shits and giggles..Farmers actually got electricity. Welcome to the modern age.

 

[Sallow]

This is laughable.

Corporations are making record profits..but somehow regulations incur costs.

How much MORE money do they need to make? And what VALUE will all that moula have to the American Economy?

They are swimming in TRILLIONS. And that's extracted wealth that's not doing anything.

[ame=http://www.youtube.com/watch?v=iu-P_lK-NeU]Steve Wynn - "Obama greatest wet-blanket on jobs and business in my lifetime" - YouTube[/ame]

Here's why the private sector is sitting on he sideline: Obama, ObamaCare and his Socialist policies

Ah the "I was a Democrat before I was a Republican" gambling mogul meme.

That's just what the world needs to claw it's way out of economic distress.

More gambling, booze and hookers.

 

[CrusaderFrank]

And of course that's bullshit. From the New Deal, to the Reagan Bailouts, to the George HW Bush bailouts, to the George W Bush TARP, to the Obama stimulus and rescue of the auto industry..the public sector has been rescuing private sector idiocy for generations.

What year exactly did the New Deal begin to lower unemployment, because it averaged just a tick under 20% from FDR inauguration until Hitler conquered France?

The New Deal created an actual middle class in this country where there was none. It also was responsible for a crap load of infrastructure that led to an economic boom. And, for shits and giggles..Farmers actually got electricity. Welcome to the modern age.

What year did that start to happen? Can you please tell us?

The New Deal and FDR's central planning actually hindered the build out of the electric grid because like his hero Stalin, FDR wanted to prove to America that government knew best

What year did the New Deal start to build this middle class you keep telling us about?

 

[CrusaderFrank]

This is laughable.

Corporations are making record profits..but somehow regulations incur costs.

How much MORE money do they need to make? And what VALUE will all that moula have to the American Economy?

They are swimming in TRILLIONS. And that's extracted wealth that's not doing anything.

[ame=http://www.youtube.com/watch?v=iu-P_lK-NeU]Steve Wynn - "Obama greatest wet-blanket on jobs and business in my lifetime" - YouTube[/ame]

Here's why the private sector is sitting on he sideline: Obama, ObamaCare and his Socialist policies

Ah the "I was a Democrat before I was a Republican" gambling mogul meme.

That's just what the world needs to claw it's way out of economic distress.

More gambling, booze and hookers.

Point being Obama and ObamaCare and his Socialist leaning have terrified business into siting out until his economic reign of terror ends.

Besides, Obama spending crack pipe can blow through the $2 Trillion business have in 6 months and have nothing to show for it except maybe 10,000 jobs "Saved or created"