This article about the decline of the American economy is startling. The tragic thing is this has been taking place the last few administrations but has really snowballed under the Obama administration. According to a Heritage Foundation report, the economy has tumbled from being no. 6 in economic freedom to no. 11 in economic freedom. This has resulted with the government takeover in the banking industry and automobile industry, to name a few. Another problem is with the passage of Obamacare in 2010, which has allowed the government to control 1/6th of the nation's economy. It's also affected job growth in this country. Also, onerous regulations are placed on our businesses which make it difficult for job growth to take place. The growth and control of government has really hampered economic freedom in America. To read the full story, click on the above link.
No comments:
Post a Comment