Protest This, Colin: The U.S. Now Ranks 11th In Economic Freedom, Thanks To Obama | Stock News & Stock Market Analysis - IBD

Protest This, Colin: The U.S. Now Ranks 11th In Economic Freedom, Thanks To Obama | Stock News & Stock Market Analysis - IBD:

"Here's something worthy of public protest: The U.S. isn't even in the top 10 in the world when it comes to economic freedom. That's bad for anyone in this country struggling to make ends meet.

Each year, the Cato Institute puts out a comprehensive ranking of more than 150 countries based on five measures of economic freedom: the size of government, the legal system and property rights, sound money, trade policies, and regulation.

Throughout the 1980s and 1990s, the U.S. ranked in the top 5. By 2008, the country had slipped into sixth place.

But then came the Obama years. His big-spending, tax-hiking, regulating policies were, by his own estimation, supposed to quickly end the recession and drive annual economic growth up to 4%."