America Headed to Third World Status? Freedoms 9th Place

No surprise here - socialist systems always fail - history has proved they NEVER work. But Obama and his minions in congress demand we all most suffer the progressive socialist boot on our throats to make the rest of the world happy.

America must be reduced to third world status to make amends for past crimes. Crimes such as stopping Hitler, freeing Kuwait, stopping communists from overthrowing free countries and the like. Policing the entire world against tyrants and mass killers. Obama sees this as a problem?

Obama does see this country as the problem in the world. He is determined to reduce us to poverty by spending us into economic ruin. Little wonder then we have fallen into 9th place on the 'Economic freedom scale' world wide.

This is beyond the pale for our country. But then we should expect this from socialist progressive Democrats.

The U.S. Loses Ground on Economic Freedom
Source: Terry Miller, "The U.S. Loses Ground on Economic Freedom," Wall Street Journal, January 12, 2011.

Riots in Greece and France! An IMF bailout for Ireland! The Euro under threat! Tea parties in America! Is it the end of capitalism? Many were predicting just that last year. The Heritage Foundation's 2011 Index of Economic Freedom tells a different story, says Terry Miller, the director of the Center for International Trade and Economics at the Heritage Foundation.

The Index records countries' commitment to the free enterprise/capitalist system by measuring 10 categories of economic freedom: fiscal soundness and openness to trade and investment, government size, business and labor regulation, property rights, corruption, monetary stability and financial competition.

The good news this year? One hundred and seventeen countries, mainly developing and emerging market economies, improved their scores, and the average level of economic freedom around the world improved by about a third of a point on the Index's 0 to 100 scale.

Economies that stuck to the principles of economic freedom are recovering more quickly from the recession and financial crisis, and growing faster than countries whose governments tried to spend their way out of trouble. There's an amazing 4.5 percentage point difference in average growth rates between the big spenders and those governments that kept their budgets under control.

For the United States and the United Kingdom, the Index of Economic Freedom confirms what those countries' voters already knew, that there is an urgent need for real change, says Miller.
The United States dropped to 9th place in the 2011 Index, with its lowest economic freedom score in a decade, and the United Kingdom fell all the way to 16th place.

Hong Kong, Singapore, Australia and New Zealand dominate the top of the economic freedom rankings -- economic growth rates in those countries averaged 6.8 percent in 2010.