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America's 'Free' Falling Economy
Investor's.com ^ | February 1, 2010 | INVESTOR'S BUSINESS DAILY staff

Posted on 02/01/2010 6:33:06 PM PST by raptor22

Competitiveness: The latest index of economic freedom shows America falling fast, being ranked for the first time as "mostly free." We've fallen behind Canada, and it's look out below.

Our accelerating descent into a command-and-control economy with government pulling the strings is taking its toll.

The Heritage Foundation's 2010 index of leading economic indicators shows that the land of the free is only mostly free, falling to eighth in the world from sixth last year, now sandwiched between Canada and Denmark.

That Canada, long considered a bastion of socialized medicine, is ranked as economically freer may surprise some. But our neighbor to the north has at least been trying to develop its domestic energy reserves, from hydroelectric to natural gas to oil extracted from its tar sands. Energy is the lifeblood of a free economy.

We have shackled our domestic energy producers with environmental regulations, leaving vast pools of energy lying offshore and in the ground. We regulate what you can build, where you can build it, even how. Endangered critters rank above equally endangered entrepreneurs. Climate change is more important than the business climate.

(Excerpt) Read more at investors.com ...


TOPICS: Business/Economy; Canada; Culture/Society; Editorial; Front Page News; Government
KEYWORDS: agenda; bho44; bhoeconomy; bhofascism; bhosocialism; business; economy; endangeredspecies; energy; esa; heritagefoundation; ibd; liberalfascism; liberalprogressivism; livefreeordie; obama; socialism; species; taxes
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1 posted on 02/01/2010 6:33:07 PM PST by raptor22
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To: raptor22

if it is this serious,

you’d think someone would do something

to stop it.


2 posted on 02/01/2010 6:37:59 PM PST by ken21 (i am not voting for a rino-progressive.)
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To: raptor22

All levels of our government are engaged in rampant and escalating treason against the founding principals of the nation.


3 posted on 02/01/2010 6:39:23 PM PST by Psycho_Bunny (ALSO SPRACH ZEROTHUSTRA)
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To: Psycho_Bunny

I’ll second that. And if we as a country punished those who committed treason we wouldn’t have so many of them.


4 posted on 02/01/2010 6:41:55 PM PST by unixfox (The 13th Amendment Abolished Slavery, The 16th Amendment Reinstated It !)
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To: ken21

Obama has accomplished what he was hired to do and that is to bankrupt US, there is now way out now. We are past the tipping point now.


5 posted on 02/01/2010 6:44:56 PM PST by mel
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To: unixfox; Psycho_Bunny

“It is terrible to contemplate how few politicians are hanged.”


6 posted on 02/01/2010 6:45:46 PM PST by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: raptor22
5.7% GDP growth 4th quarter, income rising faster than rising spending, lifting the savings rate to a hair under 5%, manufacturing up, inventories rebuilding, profits coming in 17% above analyst estimates...

Reports of the death of the US economy are greatly exaggerated. They always are.

Don't get me wrong, policy is poor on the fiscal side and in proposed taxes, spending we don't need etc. Monetary policy has been entirely sound and correct, however, and the adjustments of American business to the recession were thorough, efficient, swift, downright merciless. And entirely effective.

In the long run, betting against the US economy, like betting against the US military, is for losers.

7 posted on 02/01/2010 6:45:56 PM PST by JasonC
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To: OneWingedShark

GK Chesterton, btw.


8 posted on 02/01/2010 6:46:05 PM PST by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: Psycho_Bunny; ken21; raptor22

Obama promised wealth redistribution. Even boasted the largest in the history of America! Thus it is he is wiping out all capital and equities by crashing the economy. That is why he wants the “civilian” police force. Once you bankrupt the nation, it is maleable.

You would think that people want employment. That the nation would wake up to this crashing and pull the nose up!!!

But no, Obama is taking it into the next realm. The after America Era or the post American era. MArxism can not save nor solve dirt!


9 posted on 02/01/2010 6:49:17 PM PST by himno hero
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To: mel
Wanna - bet?
10 posted on 02/01/2010 6:52:29 PM PST by JasonC
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To: raptor22
Our government has taken upon itself the task of picking winners and losers, instead of letting the free market decide, and as a result we all lose. From car companies to financial institutions, the long arm of government has grabbed freedom by the neck, seeking to decide who gets paid what and how big companies and banks can grow.

Profound.

11 posted on 02/01/2010 6:55:09 PM PST by The Duke
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To: The Duke
To follow up on something that I've not heard before ... imagine the injustice of income taxes taken from an employee at Ford being used to subsidize his competitor at GM.

The word "un-American" comes to mind.

12 posted on 02/01/2010 6:57:33 PM PST by The Duke
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To: The Duke

Fortunately, the sales numbers seem to indicate that the American people “get it” on that. Ford is doing pretty well. The General? Not so much.


13 posted on 02/01/2010 6:59:35 PM PST by FreedomPoster (No Representation without Taxation!)
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To: JasonC
All that “growth” is government spending of borrowed dollars coming out of future economic activity.

That is totally unsustainable.

As the borrowed money dries up things will return to their downward trend until Obamacare and his endless spending and new taxes finally die. If those things do not die, things are going to be meager for years to come.

14 posted on 02/01/2010 7:15:47 PM PST by DB
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To: raptor22

http://www.youtube.com/watch?v=1lWJXDG2i0A


15 posted on 02/01/2010 7:17:15 PM PST by mamelukesabre (Si Vis Pacem Para Bellum (If you want peace prepare for war))
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To: JasonC

No way out if you expect to actually pay it all back and maintain the current standard of living.


16 posted on 02/01/2010 7:19:21 PM PST by mamelukesabre (Si Vis Pacem Para Bellum (If you want peace prepare for war))
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To: JasonC

Someday we’ll be at a point where the US economy will no longer be able to support the US military and all will come to an end.

We arent’ there. But every day we get a little closer.


17 posted on 02/01/2010 7:21:07 PM PST by mamelukesabre (Si Vis Pacem Para Bellum (If you want peace prepare for war))
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To: raptor22

It really isn’t a “free fall” when someone is intentionally and continuously pushing it down the next flight of stairs.


18 posted on 02/01/2010 7:52:16 PM PST by Repeat Offender (While the wicked stand confounded, call me with Thy Saints surrounded)
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To: mamelukesabre

That is part of the plan


19 posted on 02/01/2010 8:04:57 PM PST by mel
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To: Repeat Offender

You’re right! It’s a slinky!


20 posted on 02/01/2010 8:13:17 PM PST by mamelukesabre (Si Vis Pacem Para Bellum (If you want peace prepare for war))
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