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Sadly Roadking (and I'm no fan of Obama) it started well before him. Is he accelerating the process? Probably. Either way this country is going to hell and a hand basket, and both sides of the aisle are to blame. They're all on a power trip, and only serve themselves, and I would hope that Americans wake up and vote them all out!
This is true. We were ranked second in the year 2000. This decline will have an unfavorable long term impact on our GDP. Here are some interesting comments from the report;
While economic freedom has generally risen globally since 1980, there has been a
modest reversal of the trend since 2000. For example, the average rating for the original
OECD nations has fallen by 0.26 of a point since 2000. Nowhere has the reversal of
the rising trend in the economic freedom been more evident than in the United States.
Throughout the period from 1970 to 2000, the United States ranked as the world’s
freest OECD nation (generally the third freest economy overall behind only Hong
Kong and Singapore). The chain-linked summary rating of the United States in 2000
was 8.65. By 2005, the US rating had slipped to 8.22. The slide has continued. The 7.73
chain-linked rating of the United States in 2013 was more than 0.9 of a unit lower than
the 2000 rating. Thus, the decline in economic freedom in the United States has been
more than three times greater than the average decline found in the OECD.
The 0.9-point decline in the summary rating between 2000 and 2013 on the
10-point scale of the index may not sound like much, but scholarly work on this
topic indicates that a one-point decline in the EFW rating is associated with a reduction
in the long-term growth of GDP of between 1.0 and 1.5 percentage points
annually (Gwartney, Holcombe, and Lawson, 2006). This implies that, unless policies
undermining economic freedom are reversed, the future annual growth of the
US economy will be only about half its historic average of 3%.
Don't blame anybody but self to find yourself at the bottom. All you have done over past seven years is moan and groan about the President who has been cleaning up your mess.
Me? I have no mess. And if I did, Obama certainly couldn't clean it up.
You'll be hard pressed to find any conservative fans of Bush...he was Obama light the last two years of his term. We're just getting screwed harder now. He's cleaned up nothing, just made it all worse.
Thats conservatism for you. Get someone like Bush elected then run around crying about it.
I believe, unfortunately, that he won't go away after his term. He'll still give speeches, surrounded by sycophants, demagoguing anything the Republicans do. He never allows rebuttal, he just "dictates".
I have never loathed a human as much as Obama simply for his hate of America and what it stands for.
Amen. I'm black and Jewish and back in 2007 thought obama might be something. But by the time he'd been around for awhile realized what a disaster he'd be if elected. It's been far worse than any of us imagined. Far worse.
I assume the "mess" you are talking about is things like the GM bailout and the Solyndra fiasco. But I had nothing to do with either event.
I also assume the "dittoheads" you are talking about include Obama and his Big Government agenda.
And yes, Obama will continue his Big Government Anti Freedom agenda for almost two more years.
How was the bush administration any less big government and anti freedom?
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