Tuesday, September 30, 2008

Economic freedom declines in the U.S.

In the annual compendium, Economic Freedom of the World, Canada's Fraser Institute shows that the United States has dropped in its economic freedom ranking from no. 2 to no. 8 between 2000 and 2008. The only countries that worsened more during the same period are Zimbabwe, Argentina, Niger, Venezuela, and Guyana.

Star Parker, from the Coalition on Urban Renewal and Education wrote:

"It stands to reason that if all it takes is a smooth talking politician to expropriate the property of individuals or businesses, that the ability and willingness to work, save, invest and do business will suffer. And that prosperity will decline.

"Barack Obama is running for president to save us from ourselves and give politicians even more sway over our private lives and property. He's telling us that it's 'Wall Street CEOs whose greed and irresponsibility got us into this mess.'

"But Obama sat by in silence as the Senate tried to reform Fannie Mae and Freddie Mac in 2005. And he's taken $126,349 in contributions from Fannie and Freddie, second highest in the Senate (only behind Banking Committee chairman Chris Dodd)."

Continue reading Star Parker's article Protect us, don't expropriate us.

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