Saturday, September 22, 2012

U.S. Drops to 18th in Economic Freedom

"Lastly, “every hour spent treating a patient in America creates at least 30 minutes of paperwork, and often a whole hour. Next year the number of federally mandated categories of illness and injury for which hospitals may claim reimbursement will rise from 18,000 to 140,000. There are nine codes relating to injuries caused by parrots, and three relating to burns from flaming water-skis.”  The leviathan is waiting."


Meanwhile, the United States, once a “standard bearer” of economic liberty among industrial nations, spiralled 10 spots from the 2011 rankings to 18th place — its lowest position ever, and a huge drop from its second place spot in 2000.

BUSH TAX CUTS VS. OBAMA STIMULUS  "Obama states, "this performance is better than what we can expect to see under President Romney, who wants to return, says Obama, to “the failed policies of the past,” that is, to “the same tax cuts and deregulation agenda that helped get us into this mess in the first place.” "....
"It’s true that the private sector has added 4.6 million new jobs over the past 30 months. But during the 30 months after the Bush tax cuts went into effect in August 2003, the private sector actually added even more jobs – 5.3 million according to the U.S. Bureau of Labor Statistics, Current Employment Survey."  

"By any metric, the Bush tax cuts were more successful than Obama’s policies have been. If anyone is pursuing “failed policies of the past,” it is Mr. Obama, stuck in the Great Society mindset, hurtling pell-mell toward the tax cliff of January 1, 2013.
 (Emphasis added)   "While President Romney would be well advised to steer clear of the Bush administration’s overspending and over-regulation, one Bush policy he would be wise to adopt is tax cuts."
Political Cartoons by Glenn Foden




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