US drops to last place in economic freedom ranking under Joe Biden

[Ordinary Guy]

Worthless statement.

I agree you make many of them, you pointed the finger at me, I guess that makes you a liar that makes worthless statements

 

[otto105]

they provide returns, free money to aunt jemima for 14 kids does not generate a return

Great, another racist old fuck.

 

[otto105]

We pumped billions into the markets for years and we are still doing it. People like yourself are why we can't stop this.

Actually, the fed has stopped the quantitative easing and is looking hike rates in March.

 

[pknopp]

Actually, the fed has stopped the quantitative easing and is looking hike rates in March.

• The Fed has continued to buy new bonds and expand its balance sheet, so the tapering has not really begun yet.

• The Federal Reserve Has Not Yet Begun to Taper | The Motley Fool

 

[Natural Citizen]

This year’s Index of Economic Freedom paints a disturbing picture, both at home and abroad," Heritage President Kevin Roberts said of the report. "The decline of American economic freedom is serious cause for alarm and has real and tangible consequences for all Americans, especially low-income families and the working class."

The report determined the U.S. fell 2.7 points from the 2021 Index of Economic Freedom to a record-low score of 72.1, according to the data released Monday. The U.S. also fell to its lowest ranking globally, from the 20th spot in last year’s rating to 25th in 2022.

The index, launched in 1995, evaluates countries on rule of law, government size, regulatory efficiency and open markets, while also examining specific categories such as property rights, judicial effectiveness, government integrity and tax burden.

Americans are currently dealing with 40-year highs in inflation, with the consumer price index rising 7.5% in January of this year compared to the same month in 2021. Biden’s first year in office also saw a supply-chain crisis, U.S. consumer confidence plunging to an 11-year low, industries rocked by vaccine and mask mandates and the U.S. national debt notching a new record when it surpassed $30 trillion.

https://www.foxbusiness.com/economy/...-freedom-index

Joe Biden is the economy killer.

Doesn't apear that milking that whole COVID thing for as long as they could worked for its intended purpose.

All they did was print away more of our purchasing power.

Also doesnlt look like plan B worked either. Trying to start a war in order to keep the same failed monetary policy also seems to be failing.

Though they are still hyping it up and tryign to get something started as hard as they can.

I'm wondering what plan C is. There has to be a plan C, since plan A and plan B are failing miserably.

 

[otto105]

It's common sense, Otto. We emerged from the global pandemic with a surplus of money (that people couldn't spend during the lockdowns) chasing a shortage of goods (that people now wanted to buy). That's a recipe for inflation. Increasing the money supply only makes that worse. Large stimulus spending programs in a time of rampant inflation is awful fiscal policy. Even a die hard liberal economist like Larry Summers knows that, Otto! He's been warning that the Biden Administration's economic policies are dangerous.

The better question to ask is WHY we have a labor shortage! Why are employers being forced to pay much more in wages? I can't think of too many things that are more inflationary than a $15 an hour minimum wage. That WILL be passed along to consumers as higher prices.

Oldstyle

People spent money thru the pandemic, just in other places. Places like home remodeling and online. Yes, the money supply increased because people either chose to stay home did for health reasons, but many lower income people needed the stimulus to pay rent and groceries. We were going to experience some inflation regardless of the money because so much of our economy was shutdown. Just look at the price of gas, it's increase is not due to the money supply. Blaming all on the inflation on money supply is the act of a simpleton.

Labor shortage? Yeah, you have another simplistic view of it. Wages are chasing too few workers because of retirements of baby boomers and the lagging effects of the former 1-term president plug on immigration. Because of that younger and lesser educated people can leave shitty lower paying not benefit jobs (you love) for better ones in warehouses/manufacturing which pay way over $15/HR. Liberals have repeatedly made the case that with our historically low birth rates (below replacement) and a clamp on immigration that the effect would be to decrease GDP over time. Just look at Japan.

 

[Oldestyle]

Oldstyle

People spent money thru the pandemic, just in other places. Places like home remodeling and online. Yes, the money supply increased because people either chose to stay home did for health reasons, but many lower income people needed the stimulus to pay rent and groceries. We were going to experience some inflation regardless of the money because so much of our economy was shutdown. Just look at the price of gas, it's increase is not due to the money supply. Blaming all on the inflation on money supply is the act of a simpleton.

Labor shortage? Yeah, you have another simplistic view of it. Wages are chasing too few workers because of retirements of baby boomers and the lagging effects of the former 1-term president plug on immigration. Because of that younger and lesser educated people can leave shitty lower paying not benefit jobs (you love) for better ones in warehouses/manufacturing which pay way over $15/HR. Liberals have repeatedly made the case that with our historically low birth rates (below replacement) and a clamp on immigration that the effect would be to decrease GDP over time. Just look at Japan.

Actually, Otto...if you were a minimum wage worker the pandemic put a lot more money in your pocket for not working than you would have made working! It's the reason why so many businesses couldn't find workers.

As for the younger and lesser educated getting "better" jobs? Is it really a better job when inflation totally eliminates the raise you've gotten? All that you on the left have done with your artificially high minimum wages is to raise the price of goods and services across the board. So in the end you've done nothing except create more inflation.

 

[otto105]

Actually, Otto...if you were a minimum wage worker the pandemic put a lot more money in your pocket for not working than you would have made working! It's the reason why so many businesses couldn't find workers.

As for the younger and lesser educated getting "better" jobs? Is it really a better job when inflation totally eliminates the raise you've gotten? All that you on the left have done with your artificially high minimum wages is to raise the price of goods and services across the board. So in the end you've done nothing except create more inflation.

Did your first false assertion play out in red states that ended the extra benefit last summer? The answer is no. Employment has actually grown faster in blue states.

Second, does inflation hit everyone the same? Have food service workers who took jobs paying 10-25% more in wages feel bad about it? The $15 minimum wage is what????

 

[Oldestyle]

Did your first false assertion play out in red states that ended the extra benefit last summer? The answer is no. Employment has actually grown faster in blue states.

Second, does inflation hit everyone the same? Have food service workers who took jobs paying 10-25% more in wages feel bad about it? The $15 minimum wage is what????

Otto...jobs are being created in Republican run States like Florida, Texas and Tennessee at a far greater rate than Democratically controlled States like New York, Michigan and California! The truth is that Red States are booming economically BECAUSE of liberal policies in Blue States!

No, inflation doesn't hit everyone the same. It affects lower income and middle income households the worst...especially ones that pay rent. Those food service workers that now have jobs that pay 10% more have quickly realized that when their rent went up 20%...their gas costs 40% more than it did a year ago...and their grocery bills are up 15%...they haven't made more money...they've actually taken a CUT in their pay! All due to you clueless liberals who took women's studies classes instead of Macro Economics!

 

[Oldestyle]

Oh, and just to make things PERFECT...they now get to pay more taxes as well! Thanks to you!

 

[Orangecat]

And when he talks his mouth doesn’t take the form of a butthole like the former 1-term president.

 

[Dragonlady]

This year’s Index of Economic Freedom paints a disturbing picture, both at home and abroad," Heritage President Kevin Roberts said of the report. "The decline of American economic freedom is serious cause for alarm and has real and tangible consequences for all Americans, especially low-income families and the working class."

The report determined the U.S. fell 2.7 points from the 2021 Index of Economic Freedom to a record-low score of 72.1, according to the data released Monday. The U.S. also fell to its lowest ranking globally, from the 20th spot in last year’s rating to 25th in 2022.

The index, launched in 1995, evaluates countries on rule of law, government size, regulatory efficiency and open markets, while also examining specific categories such as property rights, judicial effectiveness, government integrity and tax burden.

Americans are currently dealing with 40-year highs in inflation, with the consumer price index rising 7.5% in January of this year compared to the same month in 2021. Biden’s first year in office also saw a supply-chain crisis, U.S. consumer confidence plunging to an 11-year low, industries rocked by vaccine and mask mandates and the U.S. national debt notching a new record when it surpassed $30 trillion.

https://www.foxbusiness.com/economy/...-freedom-index

Joe Biden is the economy killer.

FOX New and the Heritage Foundation. Two bastions of truth and integrity, who would never lie about Democrats.

In it's Open For Business list, the USA ranked 45th in the world, although 6th overall. Canada is #3 in the world for "Open for Business", and #1 in the world overall for business.

Guns, crime, racism, Donald Trump, white nationalism, political instability, public education wars, lack of affordable health care. Who needs the constant drama.

 

[Ordinary Guy]

FOX New and the Heritage Foundation. Two bastions of truth and integrity, who would never lie about Democrats.

Democrats do make themselves easy targets when they start destroying America

 

[Dragonlady]

Democrats do make themselves easy targets when they start destroying America

No Democratic President has every crashed the economy. Republicans have done it 3 times in the last 40 years. Each crash has further impoverished working and middle class voters, and enriched the wealthy.

The USA used to have the largest middle class in the world - built by union membership and strong minimum wage laws. Republicans gutted both, and destroyed the working class which is now dependent on earned income credits, and government handouts.

The middle class is declining, and Republicans are busy stripped the poor and minority voters of their rights. When Republicans took over the economy under Ronald Reagan, the USA had the most successful economy the world had ever seen. Now your economy is in the toilet and the waters were swirling when Joe Biden was elected.

Republicans have forgotten what the USA stands for. All the have now is hate, racism and division.

 

[Brain357]

This year’s Index of Economic Freedom paints a disturbing picture, both at home and abroad," Heritage President Kevin Roberts said of the report. "The decline of American economic freedom is serious cause for alarm and has real and tangible consequences for all Americans, especially low-income families and the working class."

The report determined the U.S. fell 2.7 points from the 2021 Index of Economic Freedom to a record-low score of 72.1, according to the data released Monday. The U.S. also fell to its lowest ranking globally, from the 20th spot in last year’s rating to 25th in 2022.

The index, launched in 1995, evaluates countries on rule of law, government size, regulatory efficiency and open markets, while also examining specific categories such as property rights, judicial effectiveness, government integrity and tax burden.

Americans are currently dealing with 40-year highs in inflation, with the consumer price index rising 7.5% in January of this year compared to the same month in 2021. Biden’s first year in office also saw a supply-chain crisis, U.S. consumer confidence plunging to an 11-year low, industries rocked by vaccine and mask mandates and the U.S. national debt notching a new record when it surpassed $30 trillion.

https://www.foxbusiness.com/economy/...-freedom-index

Joe Biden is the economy killer.

Yeah all the economic growth is a real
Killer.

 

[Brain357]

Democrats do make themselves easy targets when they start destroying America

Trump destroyed America. trumps policies all failed. He couldn’t hit 3% gdp growth. Deficits increased every single year drastically. Tariffs led to a giant farmer bailout and nothing much else. He cut back on legal immigration and now there is a worker shortage. Even crime went up. Giant failure.

 

[Ordinary Guy]

Trump destroyed America. trumps policies all failed. He couldn’t hit 3% gdp growth. Deficits increased every single year drastically. Tariffs led to a giant farmer bailout and nothing much else. He cut back on legal immigration and now there is a worker shortage. Even crime went up. Giant failure.

Stock market returns under Trump with the Pandemic-52.3%, so far under Biden 3.3%. Deficits are increasing more now. Farmers have been receiving bailouts forever. If you like higher costs everything under Biden, you must be 12 and serving your master

 

[beagle9]

Hey Fucktard, show me how paying $100 for 3 bags of groceries is better than carrying out 10 bags last year. Show me how a fill up at $65 is better than $39 at this time last year? Everyone is taking a pay cut under Biden and dumbass ball licking pricks like yourself think it is wonderful or your are too fucking stupid to realize it is happening. There is one more option, you are a grown man child like Freddie in the last Die Hard movie sponging off your parents while you play video games in the basement. Damn you are dumbfuck

And we have this to remind us how much of a liar Biden is when throwing it against what we have now.



As a side note Chris Wallace should have been fired from Fox News for what he did in order to undermine the republican's because of his support for the Democrat party as seen in his role during this debate. Joe couldn't have had a better cheer leader cheering him on.

 

[beagle9]

Trump destroyed America. trumps policies all failed. He couldn’t hit 3% gdp growth. Deficits increased every single year drastically. Tariffs led to a giant farmer bailout and nothing much else. He cut back on legal immigration and now there is a worker shortage. Even crime went up. Giant failure.

Bull crap.... Trump and the nation was on schedule for having one of the greatest economies and job's market in the history of this nation until the suspicious virus conveniently stopped it all. Hmmmm.

Now people like you dive in like vulture's trying to capitalize on the situation, otherwise for political posturing and reasoning in hopes to keep your bull crap going and alive.

 

[Leweman]

Biden rules! On pedophilia and crack related issues. He's the best!