**
Scotty Starnes posted: "Obamanomics = trickle down poverty with less
freedom! From Cato: Every year, I look forward to the annual releases of
both Economic Freedom of the World and the Index of Economic Freedom. With
their comprehensive rankings, these two publication" Respond to this
post by replying above this line
New post on *Scotty Starnes's Blog*
<http://scottystarnes.wordpress.com/author/scottystarnes/> Another Dismal
Assessment of Obamanomics: United States Drops to 7th in WEF’s Global
Competitiveness
Index<http://scottystarnes.wordpress.com/2012/09/05/another-dismal-assessment-of-obamanomics-united-states-drops-to-7th-in-wefs-global-competitiveness-index/>by
Scotty Starnes <http://scottystarnes.wordpress.com/author/scottystarnes/>
Obamanomics = trickle down poverty with less freedom!
<http://scottystarnes.files.wordpress.com/2012/09/wef-ranking-2012.jpg>
>From
>Cato<http://www.cato-at-liberty.org/another-dismal-assessment-of-obamanomics-united-states-drops-to-7th-in-wefs-global-competitiveness-index/#utm_source=dlvr.it&utm_medium=twitter>
:
Every year, I look forward to the annual releases of both Economic Freedom
of the World <http://www.freetheworld.com/> and the Index of Economic
Freedom <http://www.heritage.org/index/>. With their comprehensive
rankings, these two publications enable interested parties to compare
nations and see which countries are moving in the right direction.
As an American, I’m ashamed to say that these publications also show which
nations are moving in the wrong direction. And the United States ranks
poorly by this metric, having dropped from 3rd place to 10th place since
2000 according to Economic Freedom of the
World<http://danieljmitchell.wordpress.com/2011/09/20/new-rankings-from-economic-freedom-of-the-world-reveal-dismal-impact-of-bush-obama-statism/>
.
The United States also has dropped to 10th place in the Index of Economic
Freedom<http://danieljmitchell.wordpress.com/2012/01/12/the-price-of-big-government-america-again-drops-in-global-ranking-of-economic-freedom/>,
and is now ranked only as a “mostly free” nation.
Some people dismiss these pieces of data because the two rankings are
considered to reflect a pro-free market bias.
But the folks at the World Economic Forum surely can’t be pigeonholed as a
bunch of small-government libertarians, and the WEF’s Global
Competitiveness Report shows the same trend.
The United States took the top spot in the WEF’s Global Competitiveness
Index as recently as 2007 and 2008, but then dropped to 2nd place in
2009<http://danieljmitchell.wordpress.com/2009/09/08/america-falls-from-top-spot-in-global-competitiveness-report/>
.
I think Bush bears the full blame for that unfortunate development. But the
decline has continued in recent years, and Obama deserves a good part of
the blame for the drop to 4th place in
2010<http://danieljmitchell.wordpress.com/2010/09/10/america-drops-to-fourth-place-in-global-competitiveness-ranking/>
.
Blame Bush for 2009? Obama was president in 2009! We were #1 in 2007 & 2008
during Bush's so called "Great Recession."
The United States then fell to 5th place last
year<http://danieljmitchell.wordpress.com/2011/08/18/report-from-world-economic-forum-gives-u-s-poor-grades-for-wasteful-spending-and-burdensome-regulation/>,
in part because of horrible scores for “Wastefulness of Government
Spending” (68th place) and “Burden of Government Regulation” (49th place).
Given this dismal trend, I opened the just-released 2012
Report<http://www3.weforum.org/docs/WEF_GlobalCompetitivenessReport_2012-13.pdf>
with
considerable trepidation. And my fears were justified. The United States
has now dropped to 7th place.
Continue
reading>>><http://www.cato-at-liberty.org/another-dismal-assessment-of-obamanomics-united-states-drops-to-7th-in-wefs-global-competitiveness-index/#utm_source=dlvr.it&utm_medium=twitter>
*Scotty Starnes
<http://scottystarnes.wordpress.com/author/scottystarnes/>*| September
5, 2012 at 4:52 PM | Tags: Economic
Freedom of the
World<http://scottystarnes.wordpress.com/?tag=economic-freedom-of-the-world>,
Index of Economic
Freedom<http://scottystarnes.wordpress.com/?tag=index-of-economic-freedom>,
Obamanomics <http://scottystarnes.wordpress.com/?tag=obamanomics> |
Categories: Political Issues
<http://scottystarnes.wordpress.com/?cat=35145>| URL:
http://wp.me/pvnFC-83O
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