Tuesday, April 26, 2011

2011 Index of Economic Freedom

The index of economic freedom is put together every year by the Wall Street Journal and the Heritage Foundation. It measures a countries economic freedom based on the following categories: business freedom. trade freedom, fiscal freedom, government size, monetary freedom, investment freedom, financial freedom, property rights, freedom from corruption and labor freedom. The freedom score range is 100 to 80 considered free, 79-70 mostly free, 69-60 moderately free, 59-50 mostly unfree, and 49-0 as repressed. Guess where the United States under President Barack Obama places: barely in the top ten. We are number nine on the scale. We are barley freer than Bahrain! The top ten is as follows:

1. Hong Kong -89.7
2. Singapore -87.2
3. Australia -82.5         
4. New Zealand -82.3
5. Switzerland -81.9
6. Canada -80.8
7. Ireland -78.7
8. Denmark -78.6
9. United States -77.8
10. Bahrain -77.7

Economic freedom is the fundamental right of every human to control their own labor and property. In an economic free society governments allow the free movement of labor,capital and goods. Economic freedom promotes a higher standard of living, higher wages, cleaner environments, better health care, democracy and elimination of poverty. The Obama administrations tightening of government controls on our economy threatens all of these advances. We need new leadership in Washington D.C. Leadership that will once again cause the United States to be the freest nation on  earth. The bastion of liberty to the world. The hope of the repressed peoples of the earth and not the declining nation she has become under this inept, incompetent, and socialistic President we now have.

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