Under Obama: U.S. Has Dropped from No. 6 in Economic Freedom to No. 11

Under Obama: U.S. Has Dropped from No. 6 in Economic Freedom to No. 11: 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.

"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.

Since early 2009:  click here to read this article

• Government spending has exploded, amounting to $29,867 per household in 2015.
• The national debt has risen to $125,000 for every tax-filing household in America—a total over $18 trillion.
• The government takeover of health care is raising prices and disrupting markets.
• Bailouts and new government regulations have increased uncertainty, stifling investment and job creation.

This is not something to take lightly. Economic freedom is the foundation of U.S. economic strength, and economic strength is the foundation of America’s high living standards, military power, and status as a world leader. The perils of losing economic freedom are not fictional.

It is painfully clear that our economy has been performing far below its potential, with individuals, families, and entrepreneurs being squeezed by the proliferation of big-government bureaucracy and regulations.

As documented by the index, and by other scholars, America’s economic freedom has been declining at an alarming pace."